Central bank
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Central Bank. India. Reserve Bank of India-Rupee(INR). Central Banks & Currencies. Reserve Bank of Australia- Australian Dollar(AUD) Hong Kong Monetary authority-Hong Kong dollar(HKD) Bank of Japan-Yen(JPY) Nepal Rashtra Bank-Rupee(NPR) State Bank of Pakistan-Rupee(PKR)

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Central Bank

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Central bank

Central Bank


India

India

Reserve Bank of India-Rupee(INR)


Central banks currencies

Central Banks & Currencies

  • Reserve Bank of Australia- Australian Dollar(AUD)

  • Hong Kong Monetary authority-Hong Kong dollar(HKD)

  • Bank of Japan-Yen(JPY)

  • Nepal Rashtra Bank-Rupee(NPR)

  • State Bank of Pakistan-Rupee(PKR)

  • Swiss National Bank-Swiss Franc(CHF)


Central bank

  • Bank of England-Pound(GBP)

  • Federal Reserve Bank-Dollar(USD)

  • Bank of Canada-Dollar(CAD)

  • Bank of Iraq-Dinar(IQD)


Banking in india

Banking In India

During East India Company there were three Presidency banks

  • Bank of Bengal

  • Bank of Bombay

  • Bank of Madras

    In 1921 ,these three banks merged and Imperial bank of India came into existence.


Central bank

RBI

  • In 1934, The Reserve Bank of India was set up on the basis of the recommendations of the Hilton Young Commission.

  • Also known as royal commission on Indian Currency and Finance


Division

Division

  • Burma (Myanmar)

  • Pakistan


Mohur

Mohur

  • The original choice for the seal of RBI was The East India Company Double Mohur, with the sketch of the Lion and Palm Tree

  • It was decided to replace the lion with the tiger, the national animal of India.


Governor

Governor

  • The first governor of RBI was Sir Osborne Smith

  • The first Indian governor was CD Deshmukh

  • Manmohan Singh is the only Prime Minister who also was a Governor of RBI.

  • Current Governor is RaghuramRajan.


Headquarter offices

Headquarter & Offices

  • At first RBI’s main office was located in Kolkata.

  • It was moved to Mumbai.

  • It has four zonal offices and about 22 regional offices.

  • It also runs two training colleges-Reserve Bank Staff College at Chennai and College of Agricultural Banking at Pune.


Functions of rbi

Functions of RBI

  • It is solely responsible for creating notes of all domination.

  • It acts as a central bank for the other commercial banks.

  • It also helps in interbank fund transfer. It is the main monetary authority of India.

  • It regulates the credit and currency system in India.

  • It maintains public confidence in the banks, protects depositors interest and provides cost-effective banking services to the public.


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