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    Logo-.: Shaktikanta Das (Born 26 February 1957) Is Serving As The Current & 25th

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    lovelybsharma
    The Reserve Bank of India (RBI) is headquartered in Mumbai, though it was originally established in Kolkata in 1935. Shaktikanta Das is the current and 25th governor of the RBI, having previously served in various roles for the Indian and Tamil Nadu governments. The RBI was established through legislation passed in 1934 and began operations on April 1, 1935 as India's central bank. Its roles include monetary policy, regulating banking and non-banking financial institutions, managing foreign exchange reserves, and acting as banker to both central and state governments.

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    Logo-.: Shaktikanta Das (Born 26 February 1957) Is Serving As The Current & 25th

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    lovelybsharma
    52 views3 pages
    The Reserve Bank of India (RBI) is headquartered in Mumbai, though it was originally established in Kolkata in 1935. Shaktikanta Das is the current and 25th governor of the RBI, having previously served in various roles for the Indian and Tamil Nadu governments. The RBI was established through legislation passed in 1934 and began operations on April 1, 1935 as India's central bank. Its roles include monetary policy, regulating banking and non-banking financial institutions, managing foreign exchange reserves, and acting as banker to both central and state governments.

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    The Reserve Bank of India (RBI) is headquartered in Mumbai, though it was originally established in Kolkata in 1935. Shaktikanta Das is the current and 25th governor of the RBI, having previously served in various roles for the Indian and Tamil Nadu governments. The RBI was established through legislation passed in 1934 and began operations on April 1, 1935 as India's central bank. Its roles include monetary policy, regulating banking and non-banking financial institutions, managing foreign exchange reserves, and acting as banker to both central and state governments.

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    52 views3 pages

    Logo-.: Shaktikanta Das (Born 26 February 1957) Is Serving As The Current & 25th

    Uploaded by

    lovelybsharma
    The Reserve Bank of India (RBI) is headquartered in Mumbai, though it was originally established in Kolkata in 1935. Shaktikanta Das is the current and 25th governor of the RBI, having previously served in various roles for the Indian and Tamil Nadu governments. The RBI was established through legislation passed in 1934 and began operations on April 1, 1935 as India's central bank. Its roles include monetary policy, regulating banking and non-banking financial institutions, managing foreign exchange reserves, and acting as banker to both central and state governments.

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    RBI

    Logo-.

    Head quarter of rbi-

    The headquarters of the Reserve Bank of India (RBI) is located at Shahid


    Bhagat Singh Marg, Mumbai. The RBI was established on April 1, 1935, and
    its original headquarters was in Kolkata. In 1937, the headquarters was
    moved to Mumbai.

    Chairman-

    Shaktikanta Das (born 26 February 1957) is serving as the current & 25th
    governor of the Reserve Bank of India (RBI). He was earlier a member of
    the Fifteenth Finance Commission and India's Sherpa to the G20. Das is a
    retired 1980 batch Indian Administrative Service (IAS) officer of Tamil
    Nadu cadre.

    During his career as an IAS officer, Das served in various capacities for
    Indian and Tamil Nadu governments, including as Economic Affairs
    Secretary, Revenue Secretary, Fertilizers Secretary. He has also served as
    India’s Alternate Governor in the World Bank, ADB, NDB & AIIB. He has
    represented India in various international forums like the IMF, G20, BRICS,
    SAARC, etc.

    Historical development-

    1926: The Royal Commission on Indian Currency and Finance


    recommended the creation of a central bank for India.

    1927: A bill to give effect to the above recommendation was introduced in


    the Legislative Assembly. But it was later withdrawn due to lack of
    agreement among various sections of people.

    1933: The White Paper on Indian Constitutional Reforms recommended the


    creation of a Reserve Bank. A fresh bill was introduced in the Legislative
    Assembly.

    1934: The Bill was passed and received the Governor General’s assent

    1935: The Reserve Bank commenced operations as India’s central bank on


    April 1 as a private shareholders’ bank with a paid up capital of rupees five
    crores (rupees fifty million).

    1942: The Reserve Bank ceased to be the currency issuing authority of


    Burma (now Myanmar).

    1947: The Reserve Bank stopped acting as banker to the Government of


    BurRolema.

    1948: The Reserve Bank stopped rendering central banking services to


    Pakistan.

    1949: The Government of India nationalized the Reserve Bank under the
    Reserve Bank (Transfer of Public Ownership) Act, 1948.

    Roles-

    Functions Of The Reserve Bank Of India


    The Preamble to the Reserve Bank of India Act, 1934 (the Act),
    under which it was constituted, specifies its objective as “to
    regulate the issue of Bank notes and the keeping of reserves with a
    view to securing monetary stability in India
    and generally to operate the currency and credit system of the
    country to its advantage”.

    The functions of the Reserve Bank today can be categorized as


    follows:

    Monetary policy
    Regulation and supervision of the banking and non-banking
    financial institutions, including credit information companies
    Regulation of money, forex and government securities markets as
    also certain financial derivatives
    Debt and cash management for Central and State Governments.
    Management of foreign exchange reserves.
    Foreign exchange management—current and capital account
    management
    Banker to banks.
    Banker to the Central and State Governments.
    Oversight of the payment and settlement systems.
    Currency management.
    Developmental role.
    Research and statistics.

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