RBI important facts
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Important information on Reserve Bank of India
RBI and Currency related information | |
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The Reserve Bank of India was set up on the basis of the recommendations of the | Hilton Young Commission |
Reserve Bank of India started its operations on | 01 Apr 1935 |
Reserve Bank was nationalised in | 1949 |
The first Governor of Reserve Bank of India was | Sir Osborne Smith |
The first Indian Governor of Reserve Bank of India was | Shri CD Deshmukh |
The term of office of Governor of Reserve Bank of India is | 5 years |
The two Governors who have later held the post of the finance minister of India are | Shri CD Deshmukh & Dr. Manmohan Singh |
The maximum number of Deputy Governors RBI can have | 4 |
Number of regional offices of RBI | 28 |
RBI can issue notes upto the value of | Rs. 10,000/- |
The logo of RBI has | A palm tree and a tiger |
The H.O. of the RBI is in | Mumbai |
The maximum amount for which customer's deposit is insured in a bank (by the Deposit Insurance and Credit Guarantee Corporation, a wholly owned subsidiary of RBI) | Rs. 1,00,000 |
Regional Offices of RBI
1. Srinagar | 2. Jammu | 3. Shimla | 4. Chandigarh |
5. Dehradun | 6. New Delhi | 7. Jaipur | 8. Lucknow |
9. Kanpur | 10. Patna | 11. Gangtok | 12. Guwahati |
13. Agartala | 14. Ranchi | 15. Kolkata | 16. Bhubaneswar |
17. Raipur | 18. Bhopal | 19. Nagpur | 20. Hyderabad |
21. Chennai | 22. Kochi | 23. Bangalore | 24. Panaji |
25. Belapur | 26. Mumbai | 27. Ahmedabad | 28. Thiruvananthapuram |
Functions of the RBI
Primary Functions of the Reserve Bank of India |
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1. Monetary Authority of India |
2. Issuer of Currency |
3. Banker and Debt Manager to the Government |
4. Banker to the banks |
5. Regulator of the Banking System |
6. Manager of Foreign Exchange |
7. Regulator and Supervisor of the payment and settlement system |
8. Developmental role |
Institutions established by RBI
Institution | Head Office |
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Deposit Insurance and Credit Guarantee Corporation | Mumbai |
National Housing Bank | New Delhi |
National Bank for Agricultural and Rural Development | Mumbai |
Industrial and Development Bank of India | |
Securities Trading Corporation of India | Mumbai |
Discount and Finance House of India | |
Bharatiya Reserve Bank Note Mudran Private Limited | Bangalore |
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