This is unofficial page of RBI, India's Central Bank. The Reserve Bank of India was established on April 1, 1935 in accordance with the provisions of the Reserve Bank of India Act, 1934.
PREAMBLE:
The Preamble of the Reserve Bank of India describes the basic functions of the Reserve Bank as:
"...to regulate the issue of Bank Notes and 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."
MAIN FUNCTIONS
Monetary Authority:
Formulates, implements and monitors the monetary policy.
Regulator and supervisor of the financial system:
Prescribes broad parameters of banking operations within which the country's banking and financial system functions.
Manager of Foreign Exchange
Manages the Foreign Exchange Management Act, 1999.
Issuer of currency:
Issues and exchanges or destroys currency and coins not fit for circulation.
Developmental role
Performs a wide range of promotional functions to support national objectives.
Related Functions
Banker to the Government: performs merchant banking function for the central and the state governments; also acts as their banker.
Banker to banks: maintains banking accounts of all scheduled banks.
OFFICES
Has 22 regional offices, most of them in state capitals.
TRAINING ESTABLISHMENTS
Has six training establishments .Three, namely, College of Agricultural Banking, Bankers Training College and Reserve Bank of India Staff College are part of the Reserve Bank
Others are autonomous, such as, National Institute for Bank Management, Indira Gandhi Institute for Development Research (IGIDR), Institute for Development and Research in Banking Technology (IDRBT)
SUBSIDIARIES:
Fully owned: NHB, DICGC, BRBNMPL
Majority stake: NABARD
The Reserve Bank of India has recently divested its stake in State Bank of India to the Government of India.
(this is not official rbi handle/page on the site)
==============%=%===================
0
Total investors
0
Early stage
0
Mid stage
0
Late stage
1935
Founded
Investors
0 investors
All
Early stage
Mid stage
Late stage
No investors in this category
Frequently asked questions
When was Reserve Bank of India (RBI) founded?
Reserve Bank of India (RBI) was founded in 1935.
What industry is Reserve Bank of India (RBI) in?
Reserve Bank of India (RBI) operates in Government Administration. Find similar Government Administration investors on gritt.io.
Where is Reserve Bank of India (RBI) based?
Reserve Bank of India (RBI) is headquartered in Mumbai, India.
Find investors for your startup like Reserve Bank of India (RBI)
Gritt sends AI-personalised outreach to each investor — from your Gmail
