RBI

RBI - Reserve Bank of India

Founded: 1st April 1935
Location: Mumbai (Initially)
Establishment Act: Reserve Bank of India Act, 1934
First Governor: C.D. Deshmukh (1935–1943)
Headquarters: Mumbai (Currently)
Key Event: Nationalization in 1949
- Date: 1st April 1949
- Act: Reserve Bank (Nationalization) Act, 1948

Function	Description
Monetary Authority	Controls money supply, interest rates, and inflation.
Banker to the Government	Manages government accounts, issues currency, and handles public debt.
Issuer of Currency	Issues and withdraws currency notes and coins.
Lender of Last Resort	Provides liquidity to commercial banks in distress.
Regulator of Banking System	Supervises and regulates commercial banks and financial institutions.
Custodian of Foreign Exchange	Manages India’s foreign exchange reserves.
Promotes Financial Inclusion	Implements schemes like PM Jan Dhan Yojana.
Maintains Payment and Settlement Systems	Operates RTGS, NEFT, and other payment systems.

Domestic Operations:
- Monetary policy
- Banking regulation
- Financial inclusion
- Payment systems
International Operations:
- Participates in IMF and World Bank
- Engages in international financial cooperation
- Manages foreign exchange reserves
Key Policies:
- Monetary Policy: Implemented through the Standing Deposit Facility (SDF) and Liquidity Adjustment Facility (LAF)
- Financial Inclusion: Through various schemes and partnerships
- Digital Payments: Promotes UPI, BHIM, and other digital payment platforms

Governor: Head of RBI, appointed by the Government of India
Deputy Governors: Assist the Governor in various departments
Board of Directors: Includes 21 members, including 14 directors and 7 non-officials
Departments:
- Department of Currency and Mint
- Department of Banking Supervision
- Department of Financial Inclusion
- Department of Economic Affairs
- Department of Statistics and Information Management
- Department of Policy and Planning
Key Offices:
- Mint: Mumbai (Currency Printing)
- Regional Offices: Across India for regional operations
- RBI Research Department: Conducts economic research and policy analysis

First Governor: C.D. Deshmukh
Nationalization Date: 1st April 1949
Headquarters: Mumbai
Monetary Policy Tools: LAF, SDF, MSF
Important Schemes: PM Jan Dhan Yojana, UPI, BHIM
Foreign Exchange Management: Managed by the Department of Foreign Exchange Management (DFEM)
Payment Systems: RTGS, NEFT, IMPS

Feature	RBI	Other Central Banks
Location	Mumbai	Varies (e.g., Washington, D.C. for Fed)
Governance	Government of India appoints Governor	Varies by country
Monetary Policy	Conducted by RBI	Conducted by respective central banks
Currency Issuance	RBI issues currency notes	Central bank issues currency notes in respective countries