The Reserve Bank of India (RBI, Hindi: ) is India's central bankinginstitution, which controls the monetar !olic of the Indian ru!ee" It commenced its o!erations on # $!ril #%&' during the British Rule in accordance with the !rovisions of the Reserve Bank of India $ct, #%&(")(* Theoriginal share ca!ital was divided into shares of #++ each full !aid, which were initiall owned entirel b !rivate shareholders")'* ,ollowing India's inde!endence on #' $ugust #%(-, the RBI was nationalised on # .anuar #%(%"The RBI !las an im!ortant !art in the /evelo!ment 0trateg of the 1overnment of India" It is a member bank of the $sian 2learing 3nion" The general su!erintendence and direction of the RBI is entrusted with the 4#5member 2entral Board of /irectors: the 1overnor (/r" Raghuram Ra6an), ( /e!ut 1overnors, 4 ,inance 7inistr re!resentatives, #+ government5nominated directors to re!resent im!ortant elements from India's econom, and ( directors to re!resent local boards head8uartered at 7umbai, 9olkata, 2hennai and :ew /elhi" ;ach of these local boards consists of ' members who re!resent regional interests, and the interests of co5o!erative and indigenous banks"The bank is also active in !romoting +=#%>%#"( #%>%=#%?'#"' #%?'=#%%##"> #%%#=4+++#"- 0ince 4+++4 0tructure of RBI4"# 2entral Board of /irectors4"4 1overnors4"& 0u!!ortive bodies4"( @Aces and branches& 7ain functions&"# ,inancial 0u!ervision&"4 Regulator and su!ervisor of the +)edit*In the #%'+s, the Indian government, under its #" The Indian government found funds to !romote the econom and used the slogan G/evelo!ing BankingG" The government of India restructured the national bank market andnationaliFed a lot of institutes" $s a result, the RBI had to !la the central !artof control and su!!ort of this !ublic banking sector"#%>%=#%?')edit*In #%>%, the Indira 1andhi5headed government nationaliFed #( ma6or commercial banks" 3!on 1andhi's return to !ower in #%?+, a further siB banks were nationaliFed")-* The regulation of the econom and es!eciall the*#%?'=#%%#)edit*$ lot of committees analsed the Indian econom between #%?' and #%%#" Their results had an eJect on the RBI" The Board for Industrial and ,inancial Reconstruction, the Indira 1andhi Institute of /evelo!ment Research and the 0ecurit L ;Bchange Board of India investigated the national econom as a whole, and the securit and eBchange board !ro!osed better methods for more eJective markets and the !rotection of investor interests" The Indian ( is a noted eBam!le for this trend in the RBI"0u!!ortive bodies)edit*The Reserve Bank of India has four regional re!resentations: :orth in :ew /elhi, 0outh in 2hennai, ;ast in 9olkata and Eest in 7umbai" The re!resentations are formed b "It began according to the guidelines laid down b /r" B R $mbedkar"U a b GReserve Bank of India: Clatinum .ubilee (C/,)G" RBI"org"in" 4+#+" Retrieved on #' $!ril 4+#4"U 9olekar, Hogesh Crasad, The Reserve Bank of India and its functions,legalservicesindia"comU GHistorG" RBI" #%&'5+(5+#" Retrieved 4+#+5+?54+"U Beth $nne Eilson und 1eoJre :" 9eim: India and the 1lobal ;conom in Business ;conomics, .anuar 4++>, 0"4%"U a b :arenda .adhav, Cartha Ra, /hritiduti Bose, Indranil 0en 1u!ta: The Reserve Bank of IndiaIs Balance 0heet: $naltics and /namics of ;volution, :ovember 4++(, 0"" #>"U $nana 7ukher6ee Reed: 2or!orate 1overnance Reforms in India in .ournal of Business ;thics, Polume &-, :umber & S 7a, 4++4, !" 4'&"U 0unil 9umar, Rachita 1ulati: /id eAcienc of Indian !ublic sector banks converge with banking reformsV in Int Rev ;con (4++%) '>:(-=?(, !" (-5(?"U Canicos @" /emetriades, 9ul B" Duintel: ,inancial /evelo!ment, ;conomic 1rowth and Banking 0ector 2ontrols: ;vidence from India" in The ;conomic .ournal" Pol" #+>, :o" (&' (7arch #%%>), !!" &'%=&-(, !" &>+"U $l!ana 9illawala: GHistor of The Reserve Bank of India = 0ummarG, Reserve Bank of India Cress Release, #?"+&"4++> (RBI)U :arenda .adhav, Cartha Ra, /hritiduti Bose, Indranil 0en 1u!ta: The Reserve Bank of IndiaIs Balance 0heet: $naltics and /namics of ;volution, :ovember 4++(, 0" (+"U 0unil 9umar, Rachita 1ulati: /id eAcienc of Indian !ublic sector banks converge with banking reformsV in Int Rev ;con (4++%) '>:(-=?(, !" (?"U 2hronolog of ;vents, /evelo!ing the 7arkets: 0eeds of DiberaliFation5 #%?' to #%%# (RBI)U $mal 9anti Ra: IndiaIs 0ocial /evelo!ment in a /ecade of Reforms: #%%+=%#S#%%%=4+++ in 0ocial Indicators Research, Polume ?-, :umber & S .ul, 4++?, !" (#+"U $nana 7ukher6ee Reed: 2or!orate 1overnance Reforms in India in .ournal of Business ;thics, Polume &-, :umber & S 7a, 4++4, !" 4'-"U Raghbendra .ha, Ibotombi 0" Dong6am: 0tructure of ) :?>#=?>%, !"?>4"U 0unil 9umar, Rachita 1ulati: /id eAcienc of Indian !ublic sector banks converge with banking reformsV in Int Rev ;con (4++%) '>:(-=?(, !" (%,U 2hronolog of ;vents, 2risis and Reforms5 #%%# to 4+++ (RBI)U GRBI Histor = 0!anning - /ecades of Cublic 0erviceG" Rbidocs"rbi"org"in" #%&'5+(5+#" Retrieved 4+#+5+?54+"U 0ecurit Crinting L7inting 2or!oration of India, $bout 3s (0C72ID)U 0econd Wuarter Review of 7onetar Colic for the Hear 4++%=#+, Cunkt #'", (RBI)U 7acroeconomic and 7onetar /evelo!ments = 0econd Wuarter Review 4++%=#+, 0"%(, (RBI)U Reserve Bank of India 5 India's 2entral Bank" Rbi"org"in" Retrieved on 4+#(5+'54#"U GRBI !ro!oses 2@@ !ost in rank of /e!ut 1overnorG" intoda"in"U GRBI Cro!oses 2@@ Cost in Rank of /e!ut 1overnorG" ndtv"com"U G$bout us, @rganisation and ,unctionsG" RBI" Retrieved 4+#+5+?54+"U GReserve Bank of IndiaG" Rbi"org"in" Retrieved 4+##5+%5#>"U htt!s:SSwww"rbi"org"inS0cri!tsS@therDinks"as!BU GHistor of Reserve BankG" Retrieved 4++%5+454("U RBI, ,re8uentl $sked Wuestions, 2urrenc 7atters (RBI)U a b RBI, Right To Information /oc, Cg 4%S&+U GReserve Bank of India 5 India's 2entral BankG" rbi"org"in"U GRBI launches website to eB!lain detection of fake currencG" Times of India" ? .ul 4+#4"U GReserve Bank of IndiaG" rbi"org"in"U 0amar6it /as, 9aushik Bhattachara: Crice convergence across regions in India in ;m!irical ;conomics (4++?) &(:4%%=&, 0" "U $l!ana 0ivam, 0adasivam 9aru!!annan: Role of state and market in housing deliver for low5income grou!s in India in .ournal of Housing and the Built ;nvironment #-: >%=??, 4++4, 0"?'"U GIndian banks can weather im!act of drought: RBIG" +-5+?54+#4" 2heck date values in: XdateY (hel!)U 2" R" D" :arasimhan (4 /ecember 4+#&)" G:C$ reduction, a ke issueG" The Hindu" Retrieved 4 /ecember 4+#&"U G7aintaining the status 8uoG" 4 $!ril 4+#(" Retrieved > $!ril 4+#(";Bternal links)edit*Eikimedia 2ommons has media related to Reserve Bank of India"@Acial websitev t e2entral banks 1lobal1lobalBank for International 0ettlements Basel 2ommittee on Banking 0u!ervision ,inancial 0tabilit Board B continent$fricaBank of 2entral $frican 0tates 2entral Bank of 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$ruba 2entral Bank of The Bahamas 2entral Bank of Barbados Bermuda 7onetar $uthorit 2entral Bank of BraFil Bank of 2anada 2entral Bank of 2hile Bank of the Re!ublic (2olombia) 2entral Bank of 2uba 2entral Bank of 2ura]ao and 0int 7aarten ;astern 2aribbean 2entral Bank 2aman Islands 7onetar $uthorit 2entral Bank of ;cuador Bank of 1uatemala Bank of the Re!ublic of Haiti 2entral Bank of Honduras Bank of .amaica Bank of 7eBico 2entral Bank of :icaragua 2entral Reserve Bank of Ceru 2entral Bank of 0uriname 2entral Bank of Trinidad and Tobago ,ederal Reserve 0stem (3nited 0tates) 2entral Bank of 3rugua 2entral Bank of PeneFuela$sia/a $fghanistan Bank 2entral Bank of Bahrain Bangladesh Bank Roal 7onetar $uthorit of Bhutan Brunei 2urrenc and 7onetar Board $utoriti 7onetari Brunei /arussalam :ational Bank of 2ambodia Ceo!le's Bank of 2hina Hong 9ong 7onetar $uthorit Reserve Bank of India Bank Indonesia 2entral Bank of the Islamic Re!ublic of Iran 2entral Bank of Ira8 Bank of IsraelBank of .a!an 2entral Bank of .ordan :ational Bank of 9aFakhstan :ational Bank of the 9rgF Re!ublic Bank of 9orea 2entral Bank of the /emocratic Ceo!le's Re!ublic of 9orea 2entral Bank of 9uwait Ban8ue du Diban 7onetar $uthorit of 7acao Bank :egara 7alasia 7aldives 7onetar $uthorit Bank of 7ongolia 2entral Bank of 7anmar :e!al Rastra Bank 2entral Bank of @man 0tate Bank of Cakistan Calestine 7onetar $uthorit Bangko 0entral ng Cili!inas Watar 2entral Bank 0audi $rabian 7onetar $genc 7onetar $uthorit of 0inga!ore 2entral Bank of 0ri Danka 2entral Bank of 0ria 2entralBank of the Re!ublic of 2hina (Taiwan) Bank of Thailand 2entral Bank of Turkmenistan 2entral Bank of the 3nited $rab ;mirates 2entral Bank of 3Fbekistan 0tate Bank of Pietnam 2entral Bank of Hemen;uro!e;uro!ean 2entral Bank (;urosstem) :ational Bank of the Re!ublic of $bkhaFia Bank of $lbania 2entral Bank of $rmenia :ational Bank of $ustria 2entral Bank of $Ferbai6an :ational Bank of the Re!ublic of Belarus :ational Bank of Belgium 2entral Bank of Bosnia and HerFegovina Bulgarian :ational Bank 2roatian :ational Bank 2entral Bank of 2!rus 2Fech :ational Bank /anmarks :ationalbank /eutsche Bundesbank Bank of ;ngland Bank of ;stonia Bank of ,inland Ban8ue de ,rance :ational Bank of 1eorgia Bank of 1reece Hungarian :ational Bank 2entral Bank of Iceland 2entral Bank of Ireland Banca d'Italia 2entral Bank of 9osovo :ational Bank of Datvia Bank of Dithuania 2entral Bank of DuBembourg :ational Bank of the Re!ublic of 7acedonia 2entral Bank of 7alta :ational Bank of 7oldova 2entral Bank of 7ontenegro /e :ederlandsche Bank :orges Bank 2entral Bank of the Turkish Re!ublic of :orthern 2!rus :ational Bank of Coland Banco de Cortugal :ational Bank of Romania 2entral Bank of Russia Banka 0loveni6e (0lovenia) :ational Bank of 0erbia Bank of 0!ain :^rodn^ banka 0lovenska (0lovakia) 0veriges Riksbank 0wiss :ational Bank 2entral Bank of the Re!ublic of Turke:ational Bank of 3kraine@ceaniaReserve Bank of $ustralia Reserve Bank of ,i6i Reserve Bank of :ew Qealand Bank of Ca!ua :ew 1uinea 2entral Bank of 0amoa 2entral Bank of 0olomon Islands :ational Reserve Bank of Tonga Colicies and im!lementationColicies2a!ital re8uirement 2ontractionar monetar !olic ;B!ansionar monetar !olic Basel II Basel III Basel (Im!lementation2a!ital control /iscount rate Interest rates 7one creation @!en market o!eration 0overeign wealth fund Bretton Eoods sstemInternational 7onetar ,und Eorld Bank 1rou! International Bank for Reconstruction and /evelo!ment International 2entre for 0ettlement of Investment /is!utes International /evelo!ment $ssociation International ,inance 2or!oration 7ultilateral Investment 1uarantee $genc DistsDist of central banks 2entral banks and currencies of $frica 2entral banks andcurrencies of the 2aribbean 2entral banks and currencies of 2entral $merica and 0outh $merica:ames in italics indicate non5sovereign (de!endent) territories, former countries, or states with limited recognitionv t eIndia Banking in IndiaReserve bankReserve Bank of IndiaCublic sector banks$llahabad Bank $ndhra Bank Bank of Baroda Bank of India Bank of 7aharashtra Bharatia 7ahila Bank 2anara Bank 2entral Bank of India 2or!oration Bank /ena Bank I/BI Bank Indian Bank Indian @verseas Bank @riental Bank of 2ommerce Cost Bank of India Cun6ab L 0ind Bank Cun6ab :ational Bank 0tate Bank of Bikaner L .ai!ur 0tate Bank of Hderabad 0tate Bank of India 0tate Bank of 7sore 0tate Bank of Catiala 0tate Bank of Travancore 0ndicate Bank 32@ Bank 3nion Bank of India 3nited Bank of India Pi6aa BankCrivate sector banks$Bis Bank 2atholic 0rian Bank 2it 3nion Bank /2B Bank /hanlaBmi Bank ,ederal Bank H/,2 Bank I2I2I Bank IndusInd Bank I:1 Psa Bank .ammu L 9ashmir Bank 9arnataka Bank 9arur Psa Bank 9otak 7ahindra Bank Dakshmi Pilas Bank :ainital Bank RBD Bank (Ratnakar Bank) 0outh Indian Bank Tamilnad 7ercantile Bank Dimited Hes Bank2oo!erative banksBuldhana 3rban 2osmos Bank Re!co Bank 0araswat Bank 0hamrao Pithal 2o5o!" Bank T:02 Bank Ra6kot :agrik 0ahakari Bank,oreign banks$B: $7R@ $bu /habi 2ommercial Bank $ntwer! /iamond Bank $ustralia and:ew Qealand Banking 1rou! Bank Internasional Indonesia Bank of $merica Bank of Bahrain and 9uwait Bank of 2elon The Bank of Toko57itsubishi 3,. Barclas 2itibank India 2redit 0uisse /eutsche Bank H0B2 The Roal Bank of 0cotland 0cotiabank 0tandard 2harteredRegional Rural Banks$ndhra Cragathi 1rameena Bank 9erala 1ramin Bank Bangia 1ramin Pikash Bank 1ramin Bank of $ravart :orth 7alabar 1ramin Bank Callavan 1rama Bank Candan 1rama Bank Caschim Banga 1ramin Bank 0arva 3C 1ramin Bank 0outh 7alabar 1ramin Bank 3ttar Bihar 1ramin Bank Pananchal 1raminBank Dist of regional rural banks in 3ttar CradeshInterbank networksB$:20 2ashnet 2ashTree 2irrus I7C0 7ITR :,0 CD30 RuCa/efunct banks$lliance Bank of 0imla $rbuthnot L 2o Bank of Bomba Bank of 2alcutta Bankof 2hettinad Bank of 7adras Bank of 7adura Bank of Ra6asthan Bengal 2entral Bank Bharat @verseas Bank 2enturion Bank of Cun6ab 2hartered Bankof India, $ustralia and 2hina 2ommercial Bank of India /ass Bank ;Bchange Bank of India L $frica 1lobal Trust Bank 1rindlas Bank Im!erial Bank of IndiaDord 9rishna Bank 7adhav!ura 7ercantile 2oo!erative Bank 7ercantile Bank of India, Dondon and 2hina :ath Bank :edungadi Bank :ew Bank of India @riental Bank 2or!oration @udh 2ommercial Bank Calai 2entral Bank CandanBank 0tate Bank of Indore 0tate Bank of 0aurashtra 3nited Industrial BankRelated to!icsBanking 2odes and 0tandards Board of India $T7 usage fees in India /e57aterialisation (/;7$T) ,oreign ;Bchange (,@R;T) Indian ,inancial 0stem 2ode (I,02) Dist of banks in India :ational ;lectronic ,und Transfer (:;,T) :ational Caments 2or!oration of India Real Time 1ross 0ettlement (RT10) 0tructured ,inancial 7essaging 0stem (0,70) Cre!aid Cament Instruments in Indiav t eIndia 1overnors of the Reserve Bank of India;mblem of India@sborne 0mith (#%&'=&-) .ames Braid Talor (#%&-=(&) 2" /" /eshmukh (#%(&=(%) Benegal Rama Rau (#%(%='-) 9" 1" $mbegaonkar (#%'-='-) H" P" R" Iengar (#%'-=>4) C" 2" Bhattachara (#%>4=>-) Dakshmi 9ant .ha (#%>-=-+) B" :" $darkar (#%-+=-+) 0" .agannathan (#%-+=-') :" 2" 0en 1u!ta (#%-'=-') 9" R" Curi (#%-'=--) 7" :arasimham (#%--=--) I" 1" Catel (#%--=?4) 7anmohan 0ingh (#%?4=?') $mitav 1hosh (#%?'=?') R" :" 7alhotra (#%?'=%+) 0" Penkitaramanan (#%%+=%4) 2" Rangara6an (#%%4=%-) Bimal .alan(#%%-=4++&) H" Penugo!al Redd (4++&=+?) /uvvuri 0ubbarao (4++?=#&) Raghuram Ra6an (4+#&=!resent)