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 Ô| 
@ MEMBERS
9 SHANTI SHUKLA
9 ANITA TIWARI
9 ANKITA SINGH
9 PURNIMA SINGH
 |
9 A Ã

,


,  

,

, or 
 
 is the entity responsible for the
monetary policy of a country or of a
group of member states .

9 It is a bank that can lend money to

other banks in times of need.

9 Its primary responsibility is to maintain

the stability of the national currency
and money supply.
supply.

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9 It act as lender of the last resort to the banking sector during
financial crisis.

9 Most richer countries today have an "independent" central

bank.

9 Examples include the European Central Bank (ECB) and the

Federal Reserve System in the United States.
 |
`RBI is the central bank of India and was established in 1st April
1935 in accordance with the provision of RBI act 1934.

`The Reserve Bank of India was set up on the recommendations of

the P

 
.

` It was established in Kolkata and shifted to Mumbai in 1937.

` It has 22 regional offices.

 
NATIONALIZATION OF RBI
 |

` Since January 1st ,1949 the reserve bank of India is
`functioning
Since January 1st ,1949 the reserve bank of India is
as a state owned and state controlled
functioning as a
(nationalized) state owned and state controlled
bank.
(nationalized) bank..
` RBI was nationalized in tune with the changing national and
international political and economical scenario.

` RBI was nationalized in tune with the changing national

and international political and economical scenario.
     
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Central bank
9 A central bank is also known
as a reserve bank or
monetary authority.
9 It does not provide direct
banking facilities to the
public.
9 It usually includes: printing
and issuing of the banknotes
and coins
Commercial Bank
9 A commercial bank, also
known as a retail bank.
9 Provides cheque,
cheque, savings
and money market accounts
to its customers.
9 It usually includes: opening
and providing bank
accounts.
 G G |



` Issue of notes

` Bankers ,agent and advisor to the government

` Banker·s bank

` Regulation of Banking system

` Credit control

` Other functions
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9 A committee appointed by the Government of India in August

1991, to examine all aspects of the financial system.

0
9 The committee was headed by M . Narasimham , former

Governor of RBI.

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9 Some of the recommendations offered by the committee, in
its report submitted in November 1991are:

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The Narasimham Committee recommendations were made,

among other things, to reduce the Non-
Non-Performing Assets
(NPAs) of banks.
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9 Central banks plays an important role in achieving economic
growth of developing country.
9 It promote economic growth with stability.
9 It helps in attaining full employment of resources , overcoming
balance of payment , disequilibrium and in stabilizing
exchange rates.
÷