Reserve Bank of India (RBI) – Important Points

  • Name of Central Bank of India: Reserve Bank of India (RBI)
  • No of Central Bank in India: One (1)
  • Reserve Bank of India Act passed in 1934.
  • Reserve Bank of India (RBI) established on 1 April 1935.
  • Reserve Bank of India (RBI) established  on the recommendation of Hilton-Young Commission.
  • Hilton-Young Commission submitted its report in the year 1926.
  • Initially RBI was constructed as a Private Share holders’ bank with fully paid-up capital of Rs 5 Crores.
  • RBI was nationalize in the year of 1st January,1949.
  • RBI is a statutory body.
  • RBI is the sole authority in India to issue Bank notes in India.
  • RBI can issue currency notes as much as the country requires, provided it has to make a security deposit of Rs. 200 crores, out of which Rs. 115 crores must be in gold and Rs. 85 crores must be FOREX Reserves.
  • Emblem of RBI: Panther and Palm Tree.
  • Initially the headquarter of RBI was in Calcutta (Now Kolkata) but in 1937 it was permanently moved to Mumbai, Maharastra.
  • The Reserve Bank of India has 19 regional offices, most of them in state capitals and 9 Sub-offices
  • The Executive head of RBI is known as Governor.
  • The governor is associated by Four Deputy Governors.
  • The bank has also two training colleges for its officers, viz. Reserve Bank Staff College at Chennai and College of Agricultural Banking at Pune.
  • RBI is a member bank of the Asian Clearing Union.
  • Chintaman Dwarkanath Deshmukh (C D Deshmukh) was the governor of RBI at the Time of nationalization of RBI in 1949.
  • C D Deshmukh, then Governor of RBI, represented India at the Bretton Woods negotiations in 1944.
  • 1st women Deputy Governor of RBI -K.J.Udeshi.
  • RBI is not a Commercial Bank.
  • RBI prints currency in 15 Languages.
  • RBI is a member of IMF (International Monetary Fund).
  • At present there are total 90 bank in the second schedule of Reserve Bank of India Act, 1934. [Latest inclusion – Bhartiya Mahila Bank]

To Know more about RBI, Check this RBI Rates and Policies

Last Update: May 21, 2014.

25 thoughts on “Reserve Bank of India (RBI) – Important Points

  1. Very nice, i suggest webmaster can set up a forum, so that we can talk and communicate.

  2. Vivekumar Ece says:

     very useful

  3. Monika 12raghuwanshi says:

    Sir rbi site says it has 19 regional offices and 9 sub office…and 4 local board

  4. outstanding…..:)

  5.  Kishorie Udeshi retired as deputy governor. There has not been a woman governor till date in RBI.

  6. sir,
       how can download pdf.

  7. Gourab Sarkar says:

    how can we download this page???

  8. shivani priya says:

    sir which job is better Ao in insurance sector ya bank po

  9. SACHIN SHARMA says:

    hi this is v v v good work. I appreciate it . plz tell me more abt rbi
    because i m preparing for grade b rbi officers. plz help dear

  10. PARMAL SINGH says:

    This is very good package for improving knowledge

  11. give the download link to read the materials…

  12. kanchan mallick says:

    select all letter and copy to past of MS word, thes is download.

  13. dear admin sir,
    please provide us the facility to copy text from the website
    plaese do it sir.

  14. dear admin sir,
    please provide us the facility to copy text from the website
    plaese do it sir.

  15. Use Google Chrome as Browser
    After visiting this site to save page
    Simply press ctrl+p
    then page will be loaded for printing
    there will be Destination column
    click on change and change the option as “Save as PDF”
    From another column pages two option will be there “All”& below option u can use
    like (eg 3-4) this will help u download pages of ur importance as pdf.

    Hope this will help.

  16. Rafiqul Islam says:

    Very lot of thanx to the uploader for their good introduction about the RBI.
    But I want to know that about a question is
    Is there a branch/office of RBI in every state in India?

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