Role and functions of rbi11/9/2022 The report also covers the information of balance sheets and performance indicators for each SCB in India. Statistical Tables Relating to Banks in India – This annual publication contains holistic timeline data with regards to the Scheduled Commercial Banks (SCBs) of India. These data inputs are used to analyse specific issues of relevance. State Finances: A Study of Budgets – The report is an essential source of segregated state-wise financial data and provides an analytical data-driven conceptualisation on the fiscal position of state governments across India. It is a resourceful storehouse of major statistical information. Handbook of Statistics on the Indian Economy – This report is an important initiative by the Reserve Bank to improve data distribution. Report on Currency and Finance – This report is documented and presented by the staff of Reserve Bank of India bank and focusses on a particular theme and presents a detailed economic analysis of the issues related to the theme. Two of these lectures are conducted by past Governors of the Reserve Bank and one lecture is by a noted economist. Lectures – The Reserve Bank of India has constituted three annual lectures. Report on Trend and Progress of Banking in India – This document is an assessment of the policies and progress of the financial sector for the preceding year. Overview of the economy, the working of the Reserve Bank during that year and the RBI’s projected vision and agenda for the following year along with the annual accounts of the Reserve Bank This report consists of valuation and progress of the Indian economy. Chief Banker to all banks: maintains banking accounts of all scheduled banks.Īnnual Report – The annual report is a statutory report of the Reserve Bank of India that is released every year.Provides banking solutions to the central and the state governments and also acts as their banker.Promotes and performs promotional functions to support national banking and financial objectives.Provides the public adequately with currency notes and coins and in good quality.Issues, exchanges or destroys currency and not fit for circulation.Facilitate external trade and development of foreign exchange market in India.Oversees the Foreign Exchange Management Act, 1999.Protect investors interest and provide economic and cost-effective banking to the public.Set parameters for banks and financial operations within which banking and financial systems function.Maintaining price stability across all sectors while also keeping the objective of growth.Formulating and implementing the national monetary policy.Payment and Settlement Systems Act, 2007.Credit Information Companies(Regulation) Act, 2005.Securitisation and Reconstruction of Financial Assets and Enforcement of Security Interest Act, 2002.Government Securities Regulations, 2007.The Reserve Bank of India comes under the purview of the following Acts: Fortifying the role of statutory auditors in the banking system.The primary objectives of RBI are to supervise and undertake initiatives for the financial sector consisting of commercial banks, financial institutions and non-banking financial companies (NBFCs). Non-Official Directors – Ten Directors from various fields and two government Official.Official Directors – The governor who is appointed/nominated for a period of four years along with four Deputy Governors.The Central board of directors comprise of: India in accordance with the Reserve Bank of India Act. The Reserve Bank’s operations are governed by aĬentral board of directors, RBI is on the whole operated with aĢ1-member central board of directors appointed by the Government of Modernising the monetary policy framework to meet economic challenges. The Preamble of the Reserve Bank of India describes the basic functions of the Reserve Bank as: The Reserve Bank is fully owned and operated by the Government of India.
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