Rbippt
Rbippt
Rbippt
WHAT IS FINTECH?
• FinTech is broadly used to describe emerging technological innovations in the
financial services sector, with ever increasing reliance on information
technology. The Financial Stability Board (FSB) defines FinTech as
“technology-enabled innovation in financial services.
• OTHER WEBSITE LAUNCHED BY RBI
• Rbi Shares
• Founder
• CEO of rbi
Powers
• Under Banking Regulation Act 1934 & 1949.
· Section 10 BB – Power of Reserve Bank to appoint Chairman of the Board of Directors appointed on a whole-time
basis.
· Section 21 – Power of Reserve Bank to control advances by banking companies.
· Section 22 – Licensing of banking companies.
· Section 30 – Power to order Special audit.
· Section 35 – Inspection of Banking Companies.
· Section 35A – Power of the Reserve Bank to give directions
· Section 18 - Power of direct discount.
· Section 45B- Power to collect credit information
· Section 45JA- Power to determine policy and issue directions
· Section 58- Power of the (RBI’s) Central Board to make regulations.
•Function of RBI
1. Issue of Notes.
3. Banker's bank.
4. Controllers of Credit.
6. Other Functions.
Roles and functions
•Roles Of RBI
1.Monetary Management
2.issuer of Currency
4.Banker to Bankers
10.
Developmental Role
Monetary policy
Government Role
• Banks should exercise with due caution regarding performance guarantee business.
• The guarantee of parent companies may be obtained in the case of subsidiaries whose
own financial condition is not considered satisfactory
• No bank guarantee should normally have a maturity of more than 10 years.
• Where banks extend long term loans for periods longer than 10 years for various projects.
• It has been decided to allow banks to also issue guarantees for periods beyond 10 years.
• While issuing such guarantees, banks are advised to take into account the impact of very
long duration guarantees on their Asset Liability.