Rbi, exim bank, NABARD, MOST IMPORTANT eNotes For BCOM Entrance Exam 2022
Role and Functions of RBI(SUMMARY) The structure of RBI with elaboration on its board is discussed. The role and functions of the institution is delineated. How RBI manages the tradeoff between economic growth and inflation is explained as a part of its monetary policy. The various monetary tools at its disposal like bank rate, CRR, SLR, Repo, Reverse Repo, etc are discussed. Reserve Bank of India The Reserve Bank of India was established in 1935 under the provisions of the Reserve Bank of India Act, 1934. It was located earlier in Calcutta but later moved to Bombay. Though originally privately owned, RBI was nationalized in 1949 Organization and Management: • The Reserve Bank is headed by a Central Board of Directors. • The board is appointed by the Government of India for a period of four years, under the Reserve Bank of India Act. • The board comprises of a Governor and not more than four Deputy Governors. • The current Governor of RBI is Mr. Shaktikanta Das. •
