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  • Role of RBI in Indian Economy

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    Urvi Madhwani
    360 просмотров7 страниц
    The Reserve Bank of India (RBI) is the central bank of India established on April 1, 1935. It is owned by the Government of India and has subsidiaries like the National Housing Bank, Deposit Insurance and Credit Guarantee Corporation, and National Bank for Agriculture and Rural Development. Some key roles of RBI include being the sole issuer of banknotes, banker and advisor to the Government of India, lender of last resort to banks, controller of credit in the country, and custodian of foreign exchange reserves.

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    The Reserve Bank of India (RBI) is the central bank of India established on April 1, 1935. It is owned by the Government of India and has subsidiaries like the National Housing Bank, Deposit Insurance and Credit Guarantee Corporation, and National Bank for Agriculture and Rural Development. Some key roles of RBI include being the sole issuer of banknotes, banker and advisor to the Government of India, lender of last resort to banks, controller of credit in the country, and custodian of foreign exchange reserves.

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    Attribution Non-Commercial (BY-NC)
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    360 просмотров7 страниц

    Role of RBI in Indian Economy

    Загружено:

    Urvi Madhwani
    The Reserve Bank of India (RBI) is the central bank of India established on April 1, 1935. It is owned by the Government of India and has subsidiaries like the National Housing Bank, Deposit Insurance and Credit Guarantee Corporation, and National Bank for Agriculture and Rural Development. Some key roles of RBI include being the sole issuer of banknotes, banker and advisor to the Government of India, lender of last resort to banks, controller of credit in the country, and custodian of foreign exchange reserves.

    Авторское право:

    Attribution Non-Commercial (BY-NC)
    Скачайте в формате PPT, PDF, TXT или читайте онлайн в Scribd
    Отметить как неприемлемый контент
    из 7

    About RBI

     Establishment on April1, 1935

     Central Bank, different from CBOI

     Owned by Govt. of India

     Subsidiaries: NHB, DICGC, NABARD


    Role of RBI
    1. Issue of Notes

     Monopoly to issue notes

     Acts as agent

     Minimum Reserve System


    2. Banker to Government
     Banker, Agent and Advisor

     Carries all functions to government, similar to


    commercial banks provide to customers

     Does not pay interest on government accounts


    3. Bankers’ Bank & Lender of the Last
    Resort
     All banks have accounts in RBI

     Extensive powers over all scheduled,


    commercial and cooperative banks

     CRR & SLR criteria

     Lender to banks at the times of financial crisis


    4. Controller of credit
     Powers to influence credit volumes

     Change bank lending rates

     Disallow certain persons from borrowing

     Objectives of credit control


    5. Custodian of foreign reserves
     Maintain balance between demand and
    supply of foreign currency

     Authorized to trade foreign currency


    6. Other functions

     Clearing House functions

     Agriculture credit

     Regulates and monitors money flow to avoid


    inflation or deflation situation

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