ppt on RBI

1. My Topic
The Reserve Bank of India-Origin, Evolution and its
functions
Avinash Rai
BA.LLB 7th Sem

2.  The Reserve Bank of India is India's central banking institution,
which controls the monetary policy of the Indian rupee
 It commenced its operations on 1 April 1935 during the British
Rule in accordance with the provisions of the Reserve Bank of
India Act, 1934.
 RBI is entrusted with the 21-member Central Board of Directors:
the Governor, 4 Deputy Governors, 2 Finance
Ministry representatives, 10 government-nominated directors to
represent important elements from India's economy, and 4
directors to represent local boards.
 RBI Headquartered at Mumbai, Kolkata, Chennai and New
Delhi.

3.  Reserve Bank of India (RBI) started in 1926 when the
Hilton-Young Commission or the Royal
Commission on Indian Currency and Finance made
recommendation to the British Government of
India for creation of a central bank.
 Bill was introduced in Legislative Assembly in 1927.
 Bill was passed in 1934.
 Fresh bill was introduced and was enacted in 1935.
 Reserve Bank of India was established the RBI Act of
1934.
 RBI launched its operations from April 1, 1935.

4.  In 1926, the Royal Commission on Indian Currency and
Finance recommended creation of a central bank for India.
 In 1927, a bill to give effect to the above recommendation
was introduced in the Legislative Assembly.
 In 1934, the Bill was passed and received the Governor
General’s assent.
 In 1935, Reserve Bank commenced operations as India’s
central bank on April 1 as a private shareholders’ bank.
 In 1942 Reserve Bank ceased to be the currency issuing
authority of Burma (now Myanmar) but in 1947 RBI stopped
acting as banker to the Gov of Burma.
 In 1948, Reserve Bank stopped rendering central banking
services to Pakistan.
 In 1949, the Government of India nationalized the Reserve
Bank

5.  In 1926, the Royal Commission on Indian
Currency and Finance recommended creation
of a central bank for India.
 Reserve Bank of India (RBI) which was set up
in 1935 during British rule.
 First Governor was Sir Obsorne Smith.
 Since 1951 the Gov aimed at a mixture of public
and private sector.

6.  Issue of Bank Notes
 Banker to Government
 Custodian of Cash Reserves of Commercial
Banks
 Custodian of Country's Foreign Currency
Reserves
 Lender of Last Resort
 Central Clearance and Accounts Settlement.
 Formulate to bank policy.

7.  Central board of director.
 Committee of central board.
 Board of financial supervision.
 Board of payment and settlement system.
 Subcommittee of central board.
 Local board.