Important Points about Reserve Bank of India (RBI) - TopicsExpress



          

Important Points about Reserve Bank of India (RBI) https://facebook/pages/Vidyasagar-Institute/513338525402417 -> Central Bank of India: Reserve Bank of India (RBI) -> No of Central Bank in India: One (1) -> Reserve Bank of India Act passed in 1934. -> Reserve Bank of India (RBI) established on 1 April 1935. -> Reserve Bank of India (RBI) established on the recommendation of Hilton-Young Commission. -> Hilton-Young Commission submitted its report in the year 1926. -> Initially RBI was constructed as a Private Share holders’ bank with fully paid-up capital of Rs 5 Crores. -> RBI was nationalize in the year of 1st January,1949. -> RBI is a statutory body. -> RBI is the sole authority in India to issue Bank notes in India. -> RBI can issue currency notes as much as the country requires, provided it has to make a security deposit of Rs. 200 crores, out of which Rs. 115 crores must be in gold and Rs. 85 crores must be FOREX Reserves. -> Emblem of RBI: Panther and Palm Tree. -> Initially the headquarter of RBI was in Calcutta (Now Kolkata) but in 1937 it was permanently moved to Mumbai, Maharastra. -> The Reserve Bank of India has 19 regional offices, most of them in state capitals and 9 Sub-offices. -> The Executive head of RBI is known as Governor. The governor is associated by Four Deputy Governors. -> The bank has also two training colleges for its officers, viz. Reserve Bank Staff College at Chennai and College of Agricultural Banking at Pune.https://facebook/pages/Vidyasagar-Institute/513338525402417 -> RBI is a member bank of the Asian Clearing Union. -> Chintaman Dwarkanath Deshmukh (C D Deshmukh) was the governor of RBI at the Time of nationalization of RBI in 1949. -> C D Deshmukh, the Governor of RBI, represented India at the Bretton Woods negotiations in 1944. -> 1st women Deputy Governor of RBI - K.J.Udeshi. -> RBI is not a Commercial Bank. -> RBI prints currency in 15 Languages. -> RBI is a member of IMF (International Monetary Fund).
Posted on: Tue, 19 Nov 2013 15:46:12 +0000

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