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STRUCTURE OF RESERVE BANK OF INDIA
T he Reserve Bank of India is wholly owned by t he Government of India.
Its structure is simply represented by t he following:

Central Board of Director
Governors
Supportive Body
Office and branches



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2.1 CENTRAL BOARD OF DIRECTOR


The Central Board of Directors is at the top of the Reserve Banks
organizational structure. Appointed by the Government under the
provisions of the Reserve Bank of India Act, 1934, the Central Board has
the primary authority and responsibility for the oversight of the Reserve
Bank. It delegates specific functions to the Local Boards and various
committees.
The Governor is the Reserve Banks chief executive. The Governor
supervises and directs the affairs and business of the RBI. The
management team also includes Deputy Governors and Executive
Directors.
The Central Government nominates fourteen Directors on the Central
Board, including one Director each from the four Local Boards. The other
ten Directors represent different sectors of the economy, such as,
agriculture, industry, trade, and professions.
All these appointments are made for a period of four years. The
Government also nominates one Government official as a Director
representing the Government, who is usually the Finance Secretary
1

to the Government of India and remains on the Board during the pleasure
of the Central Government. The Reserve Bank Governor and a maximum
of four Deputy Governors are also ex officio Directors on the Central Board.


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2.2 GOVERNORS
A Governor and [not more than four] Deputy Governors to be appointed by
the Central Government. The current Governor of RBI is Raghuram Rajan.
There are four deputy governors, Deputy Governor K C hakrabarty, Anand
Sinha, H R Khan and Urjit Patel. Deputy Governor K C Chakrabarty's term
has been extended further by 2 years. Subir Gokarn was replaced by Urjit
Patel in January 2013.
The Governor and Deputy Governors shall devote their whole time to the
affairs of the Bank, and shall receive such salaries and allowances as may
be determined by the Central Board, with the approval of the [Central
Government]
The Governor and a Deputy Governor shall hold office for such term not
exceeding five ears as the [Central Government] may fix when appointing
them, and shall be eligible for re-appointment.
2







1 G. Balchandran The Reserve Bank of India
2 Indrani Sen Gupta The Reserve Bank of india
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2.3 SUPPORTIVE BODIES
The Reserve Bank of India has ten regional representations: North in New
Delhi, South in Chennai, East in Kolkata and West in Mumbai. The
representations are formed by five members, appointed for four years by
the central government and servebeside the advice of the Central Board
of Directorsas a forum for regional banks and to deal with delegated
tasks from the central boardThe ins titution has 22 regional offices.
The Board of Financial Supervision (BFS), formed in November 1994,
serves as a CCBD committee to control the financial institutions. It has four
members, appointed for two years, and takes measures to strength the role
of statutory auditors in the financial sector, external monitoring and internal
controlling systems.
The Tarapore committee was set up by the Reserve Bank of India under
the chairmanship of former RBI deputy governor S. S. Tarapore to "lay the
road map" to capital account convertibility. The five-member committee
recommended a three-year time frame for complete convertibility by 1999
2000.
On 1 July 2007, in an attempt to enhance the quality of customer service
and strengthen the grievance redressal mechanism, the Reserve Bank of
India created a new customer service department.




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2.4 OFFICES AND BRANCHES
The Reserve Bank of India has four zonal offices. It has 19 regional offices
at most state capitals and at a few major cities in India. Few of them Loc
ated Ahmedabad, Bangalore, Bhopal,Bhubaneswar, Chandigarh, Chennai,
Delhi, Guwahati, Hyderabad, Jaipur, Jammu, Kanpur, Kolkata, Lucknow,
Mumbai, Nagpur, Patna, and Thiruvananthapuram. It also has 9 sub-offices
located, Dehradun, Gangtok, Kochi, Panaji, Raipur, Ranchi, Shillong, Shiml
a and Srinagar.
The bank has also two training colleges for its officers, viz. Reserve Bank
Staff College at Chennai and College of Agricultural Banking at Pune.
There are also four Zonal Training enters at Mumbai, Chennai, Kolkata and
New Delhi.





1 G. Balchandran The Reserve Bank of India
2 Indrani Sen Gupta The Reserve Bank of india