Documente Academic
Documente Profesional
Documente Cultură
OF
RESERVE BANK OF INDIA
Prepared By
Renny M P
§
Promotional &
Traditional
Devolopmental
Functions Functions
Other Prohibitory
Functions Functions
V §
Issue of Training
Currency Facilities
Collection &
Banker to Publication of
Government Data &
Reports
Exchange
Bankerǯs Management
Control of
Bank & Control Credit
¢ Acts as the currency authority.
¢ Monopoly of issuing all denominations except one rupee
note & coins
¢ They are printed and issued by DzIssue Departmentdz.
¢ Rs.1,2,5 and small coins (issued by Ministry of Finance)
are also distributed by this dept.
¢ Currency is distributed to banks & public through
Manage Foreign
Exchange
Exchange Reserves
Management &
Control Control
external value
of rupee
O
¢ Under Foreign Exchange Regulation Act, 1973, it
controls receipts & payments of foreign
currencies.
[ Foreign currencies coming to India are sold and
exchangedǥ
[ Foreign currencies are provided to importers &
persons travelling abroad.
Promotional &
Traditional
Devolopmental
Functions Functions
Other Prohibitory
Functions Functions
!#
§
Promotional &
Devolopmental
Functions
Ensuring that
Creating the finance
Machinery flows in socially
needed for desired
financing dept. directions
1. Agricultural Finance .
¢ Provides advice and financial help for dept. of agriculture and
allied rural activities.
¢ Agricultural Credit Dept.
¢ NABARD ( since 1982 )
2. Industrial Finance.
¢ Advice and help bank in providing financial help to
industry
¢ setting up SFC, IFCI, IDBI, ICICI,etc.
¢ Industrial Credit Dept.
3. Export Credit
¢ RBI provides concessional credit, refinance facilities
and guarantee to commercial bank for exporters.
¢ Set up Exim Bank to finance export trade.
4. Credit to Priority sector & Weaker sections
¢ Differential rate of interest scheme Ȃ provides concessional
finance to them @ 4% interest rate .
Other Prohibitory
Functions Functions
$
§
a. Issues demand drafts, b. Borrows money
and makes, issues and from a scheduled bank
circulates bank post- in India/central banks
bills. in other countries.
c. Make agency
agreement with central
banks in other d. Purchases and sells
countries, act as agent gold and bullion
and invest funds in their
shares.
§
Promotional &
Traditional
Devolopmental
Functions Functions
Other Prohibitory
Functions Functions
§
¢ Not for competing with other banks
¢ For keeping its assets in liquid form to meet any
eventuality.
Cannot buy its own or
other banking
companyǯs shares
Cannot
participate in Cannot give Cannot purchase
business/ interest for immovable property
trade/industry its deposits except for its offices
¢ DzEconomic Timesdz