Professional Documents
Culture Documents
Establishment
The Reserve Bank of India was established on April 1, 1935 in accordance with the provisions of the Reserve Bank of India Act, 1934. The Central Office of the Reserve Bank was initially established in Calcutta but was permanently moved to Mumbai in 1937. Though originally privately owned, since nationalization in 1949, the Reserve Bank is fully owned by the Government of India.
Instruments
Direct Instruments Cash Reserve Ratio (CRR) Statutory Liquidity Ratio (SLR Refinance facilities Indirect Instruments Liquidity Adjustment Facility (LAF Open Market Operations (OMO) Market Stabilisation Scheme Repo/reverse repo rate Bank rate
Management
The Reserve Bank's affairs are governed by a central board of directors. The board is appointed by the Government of India in keeping with the Reserve Bank of India Act. Appointed/nominated for a period of four years Constitution:
Official Directors
Full-time : Governor and not more than four Deputy
Governors
Non-Official Directors
Nominated by Government: ten Directors from various
fields and one government Official Others: four Directors - one each from four local boards
Organisation Structure
Central Board of Directors
Managers
Support Staff
Departments
RBI
Financial Markets Department Human Resources Development Department Internal Debt Management Department Department of Expenditure and Budgetary Control Department of Banking Operations and Development Department of Statistics and Information Management Department of Economic Analysis and Policy Department of Administration and Personnel Management Foreign Exchange Department Department of Government and Bank Accounts Urban Banks Department Department of Currency Management Legal Department Customer Service Department Inspection DepartmentInspection Department Department of Communication Department of Banking Supervision Department of Information Technology Department of External Investments and Operations
RESERVE BANK OF INDIA BALANCE SHEET AS AT 30th JUNE 2011 ISSUE DEPARTMENT (` Thousands) 2009-10 LIABILITIES Notes held in the 32,61,51 842008,36, 40 Banking Department Notes in Circulation 15,14,26 969261,23, 85 48577,21,5 2 792300,92, 96 842040,97, 91 Total Notes Issued 969276,38, 11 840878,14, 48 116,40,43 1046,43,00 2010-11 2009-10 ASSETS Gold Coin and Bullion: (a) Held in India (b) Held outside India Foreign Securities Total Rupee Coin Government of India Rupee Securities Internal Bills of Exchange and other 57806,52,5 7 2010-11
Commercial Paper
Total Assets
969276,38, 11