Reserve Bank of India

Here are some key details about the Reserve Bank of India (RBI):

*Establishment:* April 1, 1935

*Headquarters:* Mumbai, Maharashtra

*Governor:* Shaktikanta Das ( current )

*Deputy Governors:* 4 (Michael Debabrata Patra, Mukesh Kumar Jain, M. Rajeshwar Rao, and T. Rabi Sankar)

*Objectives:*

1. Monetary policy formulation and implementation
2. Currency management
3. Banking regulation and supervision
4. Financial stability maintenance
5. Inflation control
6. Economic growth promotion

*Key Functions:*

1. Issuing currency and coins
2. Managing foreign exchange reserves
3. Regulating and supervising banks and financial institutions
4. Maintaining financial stability
5. Setting interest rates and monetary policy

*Subsidiaries:*

1. National Housing Bank (NHB)
2. National Bank for Agriculture and Rural Development (NABARD)
3. Deposit Insurance and Credit Guarantee Corporation (DICGC)
4. Bharatiya Reserve Bank Note Mudran Private Limited (BRBNMPL)

*Regional Offices:* 31 ( across India )

*Training Institutes:* 4 ( RBI Academy, College of Agricultural Banking, Reserve Bank Staff College, and Bankers Training College )
Here are the complete details of the Reserve Bank of India (RBI):

*History*

- Established on April 1, 1935, under the Reserve Bank of India Act, 1934
- Nationalized on January 1, 1949
- Headquartered in Calcutta (now Kolkata) initially, moved to Mumbai in 1937

*Governance*

- Governor: Shaktikanta Das (appointed on December 12, 2018)
- Deputy Governors: 4 (Michael Debabrata Patra, Mukesh Kumar Jain, M. Rajeshwar Rao, and T. Rabi Sankar)
- Central Board of Directors: 21 members, including the Governor and Deputy Governors
- Regional Boards: 4 (Chennai, Delhi, Kolkata, and Mumbai)

*Objectives*

1. Monetary policy formulation and implementation
2. Currency management
3. Banking regulation and supervision
4. Financial stability maintenance
5. Inflation control
6. Economic growth promotion

*Functions*

1. Issuing currency and coins
2. Managing foreign exchange reserves
3. Regulating and supervising banks and financial institutions
4. Maintaining financial stability
5. Setting interest rates and monetary policy
6. Acting as a banker to the government
7. Providing banking services to commercial banks
8. Managing the country's foreign exchange

*Subsidiaries*

1. National Housing Bank (NHB)
2. National Bank for Agriculture and Rural Development (NABARD)
3. Deposit Insurance and Credit Guarantee Corporation (DICGC)
4. Bharatiya Reserve Bank Note Mudran Private Limited (BRBNMPL)

*Regional Offices*

1. Ahmedabad
2. Bangalore
3. Bhopal
4. Bhubaneswar
5. Chandigarh
6. Chennai
7. Delhi
8. Guwahati
9. Hyderabad
10. Jaipur
11. Jammu
12. Kanpur
13. Kolkata
14. Lucknow
15. Mumbai
16. Nagpur
17. Patna
18. Thiruvananthapuram

*Training Institutes*

1. RBI Academy
2. College of Agricultural Banking
3. Reserve Bank Staff College
4. Bankers Training College

*Departments*

1. Department of Currency Management
2. Department of Economic Policy and Research
3. Department of External Investments and Operations
4. Department of Financial Markets
5. Department of Financial Stability
6. Department of Financial Inclusion and Development
7. Department of Human Resource Management
8. Department of Information Technology
9. Department of Legal Affairs
10. Department of Payment and Settlement Systems
11. Department of Regulation
12. Department of Risk Management
13. Department of Statistics and Information Management
14. Department of Supervision



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