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S
3 years ago

The Reserve Bank of India (RBI) is India's central...

The Reserve Bank of India (RBI) is India's central bank, which controls the issue and supply of the Indian rupee. RBI is the regulator of entire Banking in India. RBI plays an important part in the Development Strategy of the Government of India.
RBI regulates commercial banks and non-banking finance companies working in India. It serves as the leader of the banking system and the money market. It regulates money supply and credit in the country. The RBI carries out India's monetary policy and exercises supervision and control over banks and non-banking finance companies in India. RBI was set up in 1935 under the Reserve Bank of India Act,1934.

Until the Monetary Policy Committee was established in 2016,[6] it also controlled monetary policy in India.[7] It commenced its operations on 1 April 1935 in accordance with the Reserve Bank of India Act, 1934.[8] The original share capital was divided into shares of 100 each fully paid .[9] Following India's independence on 15 August 1947, the RBI was nationalised on 1 January 1949.

It is a member bank of the Asian Clearing Union. The general superintendence and direction of the RBI is entrusted with the 21-member central board of directors: the governor; four deputy governors; two finance ministry representatives (usually the Economic Affairs Secretary and the Financial Services Secretary); ten government-nominated directors to represent important elements of India's economy; and four directors to represent local boards headquartered at Mumbai, Kolkata, Chennai and the capital New Delhi. Each of these local boards consists of five members who represent regional interests, the interests of co-operative and indigenous banks.

The central bank is an independent apex monetary authority which regulates banks and provides important financial services like storing of foreign exchange reserves, control of inflation, monetary policy report till August 2016. A central bank is known by different names in different countries. The functions of a central bank may vary from country to country and are autonomous or body and perform or through another agency vital monetary functions in the country. A central bank is a vital financial apex institution of an economy and the key objects of central banks may differ from country to country still they perform activities and functions with the goal of maintaining economic stability and growth of an economy.

The bank is also active in promoting financial inclusion policy and is a leading member of the Alliance for Financial Inclusion (AFI). The bank is often referred to by the name 'Mint Street'. RBI is also known as banker's bank.

P
3 years ago

Reserve Bank of India is the central bank of the c...

Reserve Bank of India is the central bank of the country. It is the cradle of Indian economy and only authorized entity to print Indian currency. This is a great place to work in. The work culture is like a homely ritual. People are helpful. There is least competition between colleagues. Pay package is pretty good. It is tough to get through the exam the Bank takes. If one is through, life will be settled.

S
3 years ago

Good

S
3 years ago

The Reserve Bank of India is the Central Bank of I...

The Reserve Bank of India is the Central Bank of India, having its headquarters at Mumbai. This one is the Regional Office in Kolkata established in April 1,1935.

Its function is 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.

Mrinal Kumar Bhattacharyya's workplace for 34 years (May 7,1973-May 4,2007)...in his words,one of the greatest places in the world to work in,"royal employers",he said

n
3 years ago

Help

M
3 years ago

Review

p
3 years ago

It's the headquarters and head administrative offi...

It's the headquarters and head administrative office of all banks. It takes part active role in implementing different financial aspects of Government of India. In Kolkata it is a well maintained neat and clean building with decent and cooperative staffs . The building is centrally located.

K
3 years ago

Good building made by British, rank and facility m...

Good building made by British, rank and facility made by british, only central bank of India but control by foreign powers to deprive india's future with incompetent and reserved useless chaps.
Better to shut down these foreign controlled puppet governor's.

T
3 years ago

The Reserve Bank of India (RBI) is India's central...

The Reserve Bank of India (RBI) is India's central bank, which controls the issue and supply of the Indian rupee. RBI is the regulator of entire Banking in India.The RBI has four regional representations: North in New Delhi, South in Chennai, East in Kolkata and West in Mumbai.The Reserve Bank of India was established following the Reserve Bank of India Act of 1934.Though privately owned initially, it was nationalised in 1949 and since then fully owned by Government of India .

A
3 years ago

The Reserve Bank of India is the central banking i...

The Reserve Bank of India is the central banking institute controlling the monetary policy of the Indian rupee. The building greets you with a majestic door, and the building is equipped with state of the art services for all your financial needs.

S
3 years ago

The Kolkata Regional Office of the Reserve Bank of...

The Kolkata Regional Office of the Reserve Bank of India is located at B B D Bag, formerly known as "Dalhousie Square", amidst heritage buildings, such as, Writers Building. The Central Office of the Reserve Bank was initially established in Calcutta (now Kolkata) in 1935, before shifting to Bombay (now Mumbai) in 1937. The first building of the Reserve Bank known as "Currency Building" is a heritage building under the Archeological Society of India and is situated in the vicinity of the main building. Adding splendor to the Reserve Bank's heritage is the old Central Office building (now ZTC) which is located at Council House Street. At present, the Regional Office conducts supervision of banks, including urban co-operative banks, non-banking financial companies, miscellaneous non-banking companies, other financial intermediaries as also currency management and financial inclusion. The Jurisdiction of Reserve Bank of India, Kolkata is West Bengal, Sikkim and UT of Andaman and Nicobar Islands.

A
3 years ago

nice

P
3 years ago

New note 10rs

New note 10rs

It is said that the person above has made someone for everyone ..where my people have not committed suicide Can not find it

$$$$$$$$$$$$$$$$$$$$$

Get rid of your wish every time it is not possible, I also exist I am not a mirror ..

s
3 years ago

BEST.

S
3 years ago

1st of all the staffs of this bbd bag branch are h...

1st of all the staffs of this bbd bag branch are happiest in the world because they are always relaxing during office hour and most 3rd class branch (basically kolkata bbd bag branch) and obviously 3rd class behaviour of the gatewoman.Although all banks are under RBI but i have ever seen ubi is the best.

A
3 years ago

lovly

P
3 years ago

The Reserve Bank of India is the biggest bank in I...

The Reserve Bank of India is the biggest bank in India. It was started in the year 1935 and has centres in all the major cities in India with one of them being located at Subhas road in Kolkata. Reserve Bank of India is the banker to the government and other banks in India.

P
4 years ago

More

S
4 years ago

RBI

B
4 years ago

It is located in Dalhousie and lots of security. N...

It is located in Dalhousie and lots of security. Nobody is allowed to enter without security check. It have lots of space inside. Staff are very rude and slow. One can get down by Bus near GPO and then walk for 2 minutes. It is also a heritage building. Lots of people sell coins outside this bank. One should visit this bank atleast once.

S
4 years ago

Reserve Bank, the central bank of India; was estab...

Reserve Bank, the central bank of India; was established first in Calcutta in 1935 & later was shifted to Mumbai. This is the Eastern regional office, as well as a branch office of the RBI in Kolkata. A huge old building with an architectural value, located in the heart of the city.

Reserve Bank of India

Reserve Bank of India

4.3