Facts About RBI
• Name of Central Bank of India: Reserve Bank of India (RBI)RBI
• 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.
• RBI is a statutory body.
• RBI is the sole authority in India to issue Banknotes 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, Maharashtra.
• The Reserve Bank of India has 4 Zonal offices,22 regional offices, most of them in state capitals and 9 Sub-offices
• The Executive head of RBI is known as Governor.
• RBI is controlled by the Central Board of Directors.
• Indian government appoints the directors for four years tenure. The central board of directors comprises Governor, four deputy governor and fifteen directors.
• 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.
• 1st women Deputy Governor of RBI -K.J.Udeshi.
• RBI is central Bank for INDIA.
• RBI prints currency in 15 Languages.
• RBI is a member of IMF (International Monetary Fund).
• Its financial year is from 1 July to 30 June. The emblem of RBI is a tiger and a Palm tree.
• The first governor of RBI was Sir Osborne Smith (1935-1937). The first Indian governor was CD Deshmukh (1943-1949).
Dr Manmohan Singh Ex Prime Minister of INDIA earlier held position as Governor of RBI.
• Name of Central Bank of India: Reserve Bank of India (RBI)RBI
• 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.
• RBI is a statutory body.
• RBI is the sole authority in India to issue Banknotes 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, Maharashtra.
• The Reserve Bank of India has 4 Zonal offices,22 regional offices, most of them in state capitals and 9 Sub-offices
• The Executive head of RBI is known as Governor.
• RBI is controlled by the Central Board of Directors.
• Indian government appoints the directors for four years tenure. The central board of directors comprises Governor, four deputy governor and fifteen directors.
• 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.
• 1st women Deputy Governor of RBI -K.J.Udeshi.
• RBI is central Bank for INDIA.
• RBI prints currency in 15 Languages.
• RBI is a member of IMF (International Monetary Fund).
• Its financial year is from 1 July to 30 June. The emblem of RBI is a tiger and a Palm tree.
• The first governor of RBI was Sir Osborne Smith (1935-1937). The first Indian governor was CD Deshmukh (1943-1949).
Dr Manmohan Singh Ex Prime Minister of INDIA earlier held position as Governor of RBI.
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