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Reserve Bank of India (Reserve Bank of India)
- RBI was established on 1 April under the RBI Act 1934, Hilton and Young Commission
- It was nationalized on 1 January 1949 and the capital fund is Rs.5 crores, Rs.100 crores per unit share.
- It was earlier the head office in Kolkata but later in 1937 the head office was shifted to Mumbai.
- It has four zonal offices
- It has 31 regional offices
- Current RBI Governor – Shakti Kant Das (25th Governor)
- First Governor of RBI – Sir Osborne Smith
- 2 nd Governor of RBI – Sir James Taylor
- Third Governor or RBI – CDDeshmukh (First Indian Governor)
Current deputy governor
- BP Kanungo
- Mahesh Kumar Jain
- Michelle Patra
- RBI has 4 Lt. Governors but, currently there are only 3 Lt. Governors.
- NS Vishwanathan has a Quit 3 months before retiring in June due to health reasons
- M. as the new Deputy Governor of the government. Appointment of Rajeshwar Rao
Board of directors
Board of Directors – 21
- RBI Governor 1
- Deputy Governor
- Member of Ministry of Finance 2
- Members of Local Boards 4
- Government of India Member 10
- The total 21
- DICGC: Deposit Insurance and Credit Guarantee Corporation
- BRBNMPL: Bharathiya Reserve Bank Note Mudra Private Limited
- Head Quarter: Mumbai
- Chairman: BP Kanungo
- Founded: 1961
- Parent Organization: RBI
- Founded: 3 February 1959
- Head Quarters: Bengaluru, Karnataka
- It prints notes to the RBI
Note printing press in india
- Mysore (Karnataka)
- Salboni (West Bengal)
- Devas (Madhya Pradesh)
- Nashik (Maharashtra)
- The 1 rupee coin will be signed by the Finance Secretary and the current Finance Secretary is Ajay Bhushan Pandey.
- Currency issuance
- Bankers Bank
- Governance bank
- lender of last resort
- Maintain foreign exchange
- Credit Control Monetary Policy
Issue of currency:
The Reserve Bank has the sole authority to issue currency except one rupee notes which are issued by the Ministry of Finance.
an objective :
Providing sufficient quality and good quality of suppliers of currency notes and coins to the public.
Perform a wide range of promotional work to support national objectives.