Skip to main content

About, History, Objectives and Functions of Reserve Bank of India



Reserve Bank of India (RBI): About, History, Objectives and Functions

The Reserve Bank of India (RBI) is the Central Bank of India, also known as Banker’s Bank. The monetary and other banking policies of the Government of India are governed by the Reserve Bank. The Reserve Bank of India (RBI) was established on 1 April 1935 under the Reserve Bank of India Act 1934. The Reserve Bank of India has been in Mumbai since 1937.

ABOUT RBI

The Reserve Bank of India is fully owned and operated by the Government of India.
Introduction to the Reserve Bank the basic functions of the Reserve Bank are described as:

  • Controls the issue of notes
  • Ensuring monetary stability in India
  • The monetary policy framework is being upgraded to meet financial challenges.
The Reserve Bank of India is governed by a central board of directors, with a 21-member central board of directors appointed by the Government of India under the Reserve Bank of India Act.

HISTORY OF RBI

The Federal Reserve Bank of India or RBI is that the financial institution of the country. Central banks are relatively recent innovations, and most central banks, as we know them today, were established in the early 20th century.
The Federal Reserve Bank was formed on the recommendations of the Hilton Young Commission. The Reserve Bank of India Act, 1934 (II of 1934) provides the legal basis for the operations of a bank that commenced operations on 1 April 1935.

Bank was formed

Manage issue of notes

Maintain reserves to ensure cash stability

Operate the country’s credit and currency system for its benefit.

For More Video's on cs entrance exam 2021 Click Here CSEET


Here the complete list of RBI Governors of India

1 Sir Osborne A. Smith 1st April 1935 to 30th June 1937

2 Sir James Braid Taylor ICS 1st July 1937 to 17th February 1943

3 Sir Chinataman D.Deshmukh ICS 11th August 1943 to 30th June 1949

4 Sir Benegal Rama Rau ICS 1st July 1949 to 14th January 1957

5 K.G.Ambegaonkar ICS 14th January 1957 to 28th February 1957

6 H.V.R. Iyenger ICS 1st March 1957 to 28th February 1962

7 P.C. Bhattacharya 1st March 1962 to 30th June 1967

8 L.K. Jha 1st July 1967 to 3rd May 1970

9 B.N. Adarkar 4th May 1970 to 15th June 1970

10 S. Jagannathan 16th June 1970 to 19th August 1975

11 N. C. Sen Gupta 19th May 1975 to 19th August 1975

12 K.R. Puri 20th August 1975 to 2nd May 1977

13 M. Narasimham 2nd May 1977 to 30th November 1977

14 Dr. I.G. Patel 1st December 1977 to 15th September 1982

15 Dr. Manmohan Singh 16th September 1982 to 14th January 1985

16 A. Ghosh 15th January 1985 to 4th February 1985

17 R.N. Malhotra  IAS 4th February 1985 to 22nd December 1990

18 S.VenkitaramananIAS 22nd December 1990 to 21st December 1992

19 Dr. C. Rangarajan 22nd December 1992 to 22nd November 1997

20 Dr. Bimal Jalan 22nd November 1997 to 5th September 2003

21 Dr. Y.V. Reddy IAS 6th September 2003 to 5th September 2008

22 Dr. D. Subbaroa 5th September 2008 to 4th September 2013

 23 Dr. Raghuram G. Rajan 4th September 2013 to 4th September 2016

24 Dr. Urjit R. Patel 4th September 2016 to 11th December 2018

25 Shaktikanta Das 12th December 2018 to till date


For a detailed explanation of the Reserve Bank of India Click Here CSEET

on cs entrance exam 2021. Now prepare smartly for cs entrance exam 2021.  with our CSEET Classes Online Via... CSEET online classes lectures Learn direct from your home/office. 

We're here at Takshila Learning to provide you with the CSEET study material, CS Executive Pen drive Classes along with CSEET syllabus study material which helps you prepare for your cs executive entrance exam with the utmost ease.

 Visit Takshila Learning for More Information About CS Executive Course

Call at 8800999280 / 8800999283 / 8800999284

Labels:

Comments

Post a Comment

Thank you we will contact ASAP.

Popular posts from this blog

Why is Hindi Day celebrated on 14 September?

Why is Hindi Day celebrated on 14 September? After independence, the Government of India set a goal to give an ideal form to the mother tongue of the country and set a target for grammar and orthography using the Devanagari script to bring standardization in writing. Subsequently, on September 14, 1949, the Constituent Assembly decided by a vote that Hindi would be the official language of India. To propagate the importance of this decision and to spread Hindi in every region, India is celebrating Hindi Day every year from 1953 to 14 September, at the request of Rashtrabhasha Prachar Samiti, Wardha. Apart from this, 14 September is also the birthday of Rajendra Singh, who worked tirelessly to make Hindi the official language of India. Hindi Day is observed every year on 14 September to mark the importance of the Hindi language in the country. The Hindi language is one of the oldest languages, which derives most of its academic vocabulary from the Sanskrit language written in the Deva
Post a Comment
Read more

Magnetic and non-magnetic material Class 6 Science

Magnetic and non-magnetic material  Class 6 Science A magnet is a substance that is drawn to certain magnetic materials like iron, cobalt, and nickel. Magnets have the ability to draw iron to them. Natural magnets are rocks that naturally draw iron. Non-magnetic materials include things like wood, rubber, coins, feathers, leather, etc. that are not drawn to iron. Magnet characteristics It pulls magnetic materials, such as iron. The magnet's two ends are referred to as its poles. The magnet's diametrically opposed poles are drawn together. Heating, hammering, or dropping causes it to lose its characteristics. On the basis of properties types of Magnets Temporary magnets are those magnets that are magnetic for only a little duration. Typically, iron, cobalt, or nickel are used to make them. When they are close to the powerful magnet, they act like a magnet. When they are yanked away from the powerful magnet, they stop being magnetic. Permanent magnets are magnets that have magne
Post a Comment
Read more