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| 1अप्रैल 1935 RBI स्थापना दिवस |
RBI stands for the Reserve Bank of India, which is the central banking institution of India. RBI established on April 1, 1935, in accordance with the Reserve Bank of India Act, 1934. The RBI is responsible for regulating the monetary policy of the country, issuing and managing the currency, supervising the banking system, and maintaining the stability of the financial system. It is governed by a central board of directors appointed by the Indian government. The headquarters of the RBI is located in Mumbai, Maharashtra.
The primary functions of the RBI include
- Monetary Policy: The RBI formulates and implements the monetary policy of the country to control inflation and ensure price stability.
- Issuing and Managing Currency: The RBI has the sole authority to issue and manage currency notes and coins in the country.
- Regulating the Banking System: The RBI regulates and supervises the banking system in India to ensure the safety and soundness of banks and to maintain financial stability.
- Developmental Functions: The RBI also undertakes various developmental functions, such as promoting financial inclusion, supporting the development of financial markets, and regulating payment and settlement systems.
The RBI is governed by a central board of directors appointed by the Indian government. The board consists of a governor, four deputy governors, and ten directors nominated by the government.
The headquarters of the RBI is located in Mumbai, Maharashtra, and it has four regional offices in Chennai, Kolkata, New Delhi, and Mumbai. It also has 19 regional offices and 11 sub-offices across the country.
The current Governor of the RBI is Shaktikanta Das, who assumed office on December 12, 2018, and his term is set to expire on December 11, 2023.
Overall, the RBI plays a crucial role in the Indian economy and financial system, and its policies and actions have a significant impact on the country’s growth and development.