Reserve Bank Of India - PowerPoint PPT Presentation

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Reserve Bank Of India

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... support to NABARD etc. Foreign Exchange Department: Timely realization of export proceeds and reviews Licensing banks to deal in foreign exchange, ... – PowerPoint PPT presentation

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Title: Reserve Bank Of India


1
Reserve Bank Of India
  • To regulate the issue of bank notes.
  • To maintain reserves with a view to securing
    monetary stability.
  • To operate the credit currency system of the
    country.

2
Board of RBI
  • Bank affairs are governed by Central Board of
    Directors
  • Central Board consists of Official and
    Non-Official appointed by Govt. of India for a
    period of four years.
  • Official Directors include Governor and not more
    than 4 Deputy Governor.
  • RBI having four local boards in 4 regions to
    represent territorial and economic interest of
    local co-operative indigenous banks.

3
Legal Framework
  • Umbrella Acts which form the basis of its very
    foundation.
  • Acts which govern the specific function of apex
    body.
  • Acts which govern the Banking operation.
  • Acts which govern the individual institutions.

4
Main Functions of Reserve Bank of India
  • Maintenance of Price Level.
  • Regulator Supervisor of the financial system.
  • Manager of Foreign Exchange.
  • Issuance Replacement of Currency.

5
Functions of Various Departments of RBI
  • Urban Banks Department RBI regulates the
    interest rates on deposits advances, also
    prescribing min reserves liabilities to be
    maintained. Also refinance facilities to state
    co-operative banks.
  • Rural Planning Credit Department Facilitating
    credit to rural, agriculture small scale
    industries, Policy on priority sector lending,
    support to NABARD etc.

6
Foreign Exchange Department
  • Timely realization of export proceeds and reviews
  • Licensing banks to deal in foreign exchange,
    collecting data related to forex transactions
    from authorized dealers on daily basis for
    exchange rate management.
  • Also laying down policy guidelines for risk
    management to forex transactions in bank

7
Department of Banking Supervision
  • Undertaking scheduled and on-site inspections of
    banks
  • Determining the criteria for the appointment of
    statutory auditors and assessing audit
    performance and disclosure standards.
  • Dealing with financial sector frauds and
    attending the complaints received against banks
    and FIs from public, banks Government.

8
Department of Banking Operations Development
  • To promote foster a sound competitive banking
    system.
  • Laying down regulations relating to capital
    adequacy, asset classification, provision for
    loan, investment valuation, accounting
    disclosure standards and risk management systems.
  • Licensing of new banks, expansion of foreign and
    domestic banks, approval for setting up of
    subsidiaries.

9
Functions of Various Departments of RBI
  • Department of Information Technology
    Computerization in RBI
  • Legal Department To tender legal advice on
    various matters referred by the operational
    departments/offices/associates of the reserve
    bank.
  • Department of Govt. and Bank Accounts Acting as
    a banker to the banks, administering public debt
    of both central state govt.

10
Functions of Various Departments of RBI
  • Monetary Policy Department Preparation of
    monetary budget, periodic review of monetary,
    review of CRR SLR stipulations, analysis of
    data on developments in money market.
  • Internal Debt Management Dept. Managing Internal
    Debt, Auctioning the govt. Debt from time to
    time, Introduction of new instruments,
    smoothening the maturity structure of debt.

11
Department of Economic Analysis and Policy
  • Analyzing the basic issues problems affecting
    the Indian economy.
  • Serves as a primary source of data information
    relating to aspects of Indian economy.
  • Prepares monetary credit aggregates, balance of
    payments and external debt statistics, internal
    debt govt. finance statistics, and flow of
    funds financial savings.
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