Tài liệu Reserve Bank of India: Functions and Working doc

[...]... Departments at the offices / branches of the Reserve Bank, while management of public debt including floatation of new loans is done at Public Debt Office at offices / branches of the Reserve Bank and by the Internal Debt Management Department at the Central Office For the final compilation of the Government accounts, both of the centre and states, the Nagpur office of the Reserve Bank has a Central... Government of India, and the various high-level committees constituted at the industry and national levels  20 3 Monetary Management One of the most important functions of central banks is formulation and execution of monetary policy In the Indian context, the basic functions of the Reserve Bank of India as enunciated in the Preamble to the RBI Act, 1934 are: “to regulate the issue of Bank notes and the... Based on its assessment of macroeconomic and financial conditions, the Reserve Bank takes the call on the stance of monetary policy and monetary measures Its monetary policy statements reflect the changing circumstances and priorities of the Reserve Bank and the thrust of policy measures for the future Faced with multiple tasks and a complex mandate, the Reserve Bank emphasises clear and structured communication... There is a network of 4,281 Currency Chests and 4,044 Small Coin Depots with other banks Currency chests are storehouses where bank notes and rupee coins are stocked on behalf of the Reserve Bank The currency chests have been established with State Bank of India, six associate banks, nationalised banks, private sector banks, a foreign bank, a state cooperative bank and a regional rural bank Deposits into... management of the public debt of these two State Governments As a banker to the Government, the Reserve Bank receives and pays money on behalf of the various Government departments As it has offices in only 27 locations, the Reserve Bank appoints other banks to act as its agents for undertaking the banking business on behalf of the governments The Reserve Bank pays agency bank charges to the banks for... Board of Directors The Central Board of Directors is at the top of the Reserve Bank s organisational structure Appointed by the Government under the provisions of the Reserve Bank of India Act, 1934, the Central Board has the primary authority and responsibility for the oversight of the Reserve Bank It delegates specific functions to the Local Boards and various committees The Governor is the Reserve Bank s... Department of Banking Supervision Department of Non-Banking Supervision Foreign Exchange Department Rural Planning and Credit Department Urban Banks Department Department of Economic Analysis and Policy Department of Statistics and Information Management Department of Administration and Personnel Management Department of Communication Department of Expenditure and Budgetary Control Department of Information... Counterfeiting To combat the incidence of forged notes, the Reserve Bank has taken certain measures like publicity campaigns on security features of bank notes and display of “Know Your Bank note” poster at bank branches including at offsite ATMs The Reserve Bank, in consultation with the Government of India, periodically reviews and upgrades the security features of the bank notes to deter counterfeiting... Development and Research in Banking Technology (IDRBT), Hyderabad National Institute of Bank Management (NIBM) was established as an autonomous apex institution with a mandate of playing a pro-active role of a ‘think-tank’ of the banking system The Institute is engaged in research (policy and operations), education and training of senior bankers and development finance administrators, and consultancy to the banking... Currency Management of currency is one of the core central banking functions of the Reserve Bank for which it derives the necessary statutory powers from Section 22 of the RBI Act, 1934 Along with the Government of India, the Reserve Bank is responsible for the design, production and overall management of the nation’s currency, with the goal of ensuring an adequate supply of clean and genuine notes In . h0" alt="" Reserve Bank of India: Functions and Working ž¸¸£·¸ú¡¸ ¹£ö¸¨¸Ä ¤¸ÿˆ RESERVE BANK OF INDIA www.rbi.org.in 2 3 The Reserve Bank of India, the. Government of India nationalised the Reserve Bank under the Reserve Bank (Transfer of Public Ownership) Act, 1948. Origins of the Reserve Bank of India The functions