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RESERVE BANK OF INDIA

Everything you need to know about RESERVE BANK OF INDIA: news, reviews, in-depth analysis, opinion and more

The Reserve Bank of India was instituted on April 1, 1935 in Calcutta but in 1937 was shifted to Mumbai in the view to regulate the issue of money in India. RBI is generally called the bankers bank as all the nationalized and private banks have been affiliated to it and in accordance with its policies the banks run. It has a board of directors mainly from economists to operate its work smoothly. Reserve Bank of India was established with its own objectives and aims to authorize the monetary policy in India. It is the sole government organisation that issues Indian rupee-notes and coins. It regulates and supervises the financial system of India as well as operationalises the banks. RBI manages the economic infrastructure so that it can accomplish the stability of price and economic development. The Reserve Bank facilitates external trade in India, in addition handles expansion and operation of foreign exchange market in India. The central government of India recruits a governer in the Reserve Bank to execute its major issues and objectives. The 1st governer was Narain Murthy and the present is Dr Y. V. Reddy.

'Team India' to take India forward: PM Modi

May 10, 2015 at 2:36 PM

PM Modi described Governments of 29 states and Union Government as 'Team India' and said that this team will take India forward.

INFERNO BREAKS OUT AT A PAPER MILL IN NORTHERN INDIA

April 9, 2012 at 10:18 AM

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INDIA'S COMMUNIST PARTY RULES OUT POSSIBILITY OF A THIRD POLITICAL FRONT

April 9, 2012 at 10:18 AM

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POLICE ARREST TWO MAOISTS AND SEIZE HUGE CACHE OF EXPLOSIVES IN EASTERN INDIA

April 9, 2012 at 10:18 AM

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INDIA'S FINANCE MINISTER HAILS STELLAR INCREASE IN DIRECT TAX BASE

April 9, 2012 at 10:18 AM

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PAKISTAN ENVOY TERMS PRESIDENT ZARDARI'S TALKS WITH INDIAN PM AS 'POSITIVE'

April 9, 2012 at 10:18 AM

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EMIR OF QATAR ARRIVES IN NEW DELHI

April 9, 2012 at 10:18 AM

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ZARDARI OFFERS PRAYERS AT SUFI SAINT'S SHRINE IN NORTHWESTERN INDIA

April 9, 2012 at 10:17 AM

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BUSINESSMEN OF FAISALABAD FROM PAKISTAN ARRIVE IN INDIA TO STRENGTHEN BILATERAL TRADE

April 9, 2012 at 10:17 AM

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VIOLENCE IN TWIN CITIES OF SOUTHERN INDIA RESULTS IN IMPOSITION OF CURFEW

April 9, 2012 at 10:17 AM

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JEWELLERS ACROSS INDIA PROTEST AGAINST EXCISE DUTY HIKE ON GOLD

April 2, 2012 at 9:20 PM

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MAOISTS DO NOT BELIEVE IN PEACEFUL TALKS, SAYS INDIA'S INTERIOR SECRETARY

April 2, 2012 at 9:20 PM

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JEWELLERS IN NEW DELHI INTENSIFY STIR AGAINST HIKE IN EXCISE DUTY ON GOLD

April 2, 2012 at 9:20 PM

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NOBEL PEACE LAUREATE ARRIVES IN INDIA TO SEEK LESSONS ON DEMOCRACY

April 2, 2012 at 9:20 PM

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Sunny Leone to chat with fans on Valentine's Day

February 14, 2012 at 12:05 PM

New Delhi, Feb 14 (ANI): Sunny Leone has come up with a special Valentine's Day surprise for fans who want to get in touch with her.

Sunny Leone to chat with fans on Valentine's Day

February 14, 2012 at 11:01 AM

New Delhi, Feb 14 (ANI): Sunny Leone has come up with a special Valentine's Day surprise for fans who want to get in touch with her.

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