What would you like to do?
I take it you mean the Reserve Bank of India.
- Barring the emergence of any adverse and unexpected developments in various sectors of the economy, assuming that capital flows are effectively managed, and keeping in view the current assessment of the economy including the outlook for growth and inflation, the overall stance of monetary policy in 2008-09 will broadly continue to be:
- To ensure a monetary and interest rate environment that accords high priority to price stability, well-anchored inflation expectations and orderly conditions in financial markets while being conducive to continuation of the growth momentum.
- To respond swiftly on a continuing basis to the evolving constellation of adverse international developments and to the domestic situation impinging on inflation expectations, financial stability and growth momentum, with both conventional and unconventional measures, as appropriate.
- To emphasise credit quality as well as credit delivery, in particular, for employment-intensive sectors, while pursuing financial inclusion.
- (Taken from the RBI's Policy document.)
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RBI in baseball stands for Runs Batted In. It is the amount of runs scored in a game as a direct result of a particular batters at bats. So, if there is a man on third and… the batter gets a base hit and the run scores, the batter got a run batted in for that at-bat. This is tallied throughout the game and season. The batter does not have to get a base hit in order to get a RBI. He can get an RBI for any run that scores directly as a result of: - base hit - draws a bases loaded walk - gets a HBP (Hit By Pitch) with bases loaded - Sacrifice Fly - Sacrifice Bunt - Fielder's Choice (in which a runner advance home on the batted ball, not the throws) Additionally, there are are several situations in which a batter can get an RBI, the most notable way he does not get an RBI is on a fielding error, or any run the was determined would have not scored without the aid of an error on that particular play. RBI also stands for Reserve Bank of India. It is India's Central Bank. It is the authority that announces India's Monetary policy. In the military RBI stands for "Recruiter Background Investigation."
An RBI, or Run Batted In, is received when a batter gets a base hit and a run comes in.
Just link to this site and ull get ur answer http://www.slideshare.net/rajeevj/foreign-exchange-market-presentation
In any economy the government needs to be the neucleus of all econimic activity. Let to itself the government alone cannot look after all the aspects of the economic developme…nt sphere. It forms various agencies, institutions, staturoty bodies, departments, and the like as an instrument through which it (the government) seeks to progress the State/economy. In this direction a central body to take care of all the monetary systems, functions and other activities in the economy is vested with this function, the most important of all functions in the sphere of State Adminstration, is the Central Bank- the mother of all banks, the bank of the Government or the bank of the country itself. RBI in India is the Central Bank.
to keep liquidity in financial markets
Role of RBI in Indian economyIssuer of currency - Except for issuing one rupee notes and coins, RBI is the sole authority for the issue of currency in India. The Indian gove…rnment issues one rupee notes and coins. Major currency is in the form of RBI notes, such as notes in the denominations of two, five, ten, twenty, fifty, one hundred, five hundred, and one thousand. Earlier, notes of higher denominations were also issued. But, these notes were demonetized to discourage users from indulging in black-market operations. RBI has two departments - the Issue department and Banking department. The issue department is dedicated to issuing currency. All the currency issued is the monetary liability of RBI that is backed by assets of equal value held by this department. Assets consist of gold, coin, bullion, foreign securities, rupee coins, and the government�s rupee securities. The department acquires these assets whenever required by issuing currency. The conditions governing the composition of these assets determine the nature of the currency standard that prevails in India. The Banking department of RBI looks after the banking operations. It takes care of the currency in circulation and its withdrawal from circulation. Issuing new currency is known as expansion of currency and withdrawal of currency is known as contraction of currency.Banker to the Government - RBI acts as banker, both to the central government and state governments. It manages all the banking transactions of the government involving the receipt and payment of money. In addition, RBI remits exchange and performs other banking operations. RBI provides short-term credit to the central government. Such credit helps the government to meet any shortfalls in its receipts over its disbursements. RBI also provides short term credit to state governments as advances. RBI also manages all new issues of government loans, servicing the government debt outstanding, and nurturing the market for government�s securities. RBI advises the government on banking and financial subjects, international finance, financing of five-year plans, mobilizing resources, and banking legislation.Managing Government Securities - Various financial institutions such as commercial banks are required by law to invest specified minimum proportions of their total assets/liabilities in government securities. RBI administers these investments of institutions. The other responsibilities of RBI regarding these securities are to ensure - Smooth functioning of the marketReadily available to potential buyersEasily available in large numbersUndisturbed maturity-structure of interest rates because of excess or deficit supplyNot subject to quick and huge fluctuationsReasonable liquidity of investmentsGood reception of the new issues of government loansBanker to Other Banks - The role of RBI as a banker to other banks is as follows: Holds some of the cash reserves of banksLends funds for short periodProvides centralized clearing and quick remittance facilities RBI has the authority to statutorily ensure that the scheduled commercial banks deposit a stipulated ratio of their total net liabilities. This ratio is known as cash reserve ratio [CRR]. However, banks can use these deposits to meet their temporary requirements for interbank clearing as the maintenance of CRR is calculated based on the average balance over a period.Controller of Money Supply and Credit - In a planned economy, the central bank plays an important role in controlling the paper currency system and inflationary tendency. RBI has to regulate the claims of competing banks on money supply and credit. RBI also needs to meet the credit requirements of the rest of the banking system. RBI needs to ensure promotion of maximum output, and maintain price stability and a high rate of economic growth. To perform these functions effectively, RBI uses several control instruments such as - Open Market OperationsChanges in statutory reserve requirements for banksLending policies towards banksControl over interest rate structureStatutory liquidity ration of banksExchange Manager and Controller - RBI manages exchange control, and represents India as a member of the international Monetary Fund [IMF]. Exchange control was first imposed on India in September 1939 when World War II started and continues till date. Exchange control was imposed on both receipts and payments of foreign exchange. According to foreign exchange regulations, all foreign exchange receipts, whether on account of export earnings, investment earnings, or capital receipts, whether of private or government accounts, must be sold to RBI either directly or through authorized dealers. Most commercial banks are authorized dealers of RBI.Publisher of Monetary Data and Other Data - RBI maintains and provides all essential banking and other economic data, formulating and critically evaluating the economic policies in India. In order to perform this function, RBI collects, collates and publishes data regularly. Users can avail this data in the weekly statements, the RBI monthly bulletin, annual report on currency and finance, and other periodic publications.Promotional Role of RBI - Promotion of commercial banking Promotion of cooperative banking Promotion of industrial finance Promotion of export finance Promotion of credit to weaker sections Promotion of credit guarantees Promotion of differential rate of interest scheme Promotion of credit to priority sections including rural & agricultural sector.....
What are the Functions and Roles of RBIFunctions of the BankThe RBI functions within the framework of a mixed economicsystem. With regard to framing various policies, it is ne…cessaryto maintain close and continuous collaboration between thegovernment and the RBI. In the event of a difference ofopinion or conflict, the government view or position can alwaysbe expected to prevail.The Preamble of the RBI Act, 1934 states that "Whereas it is expedient to constitute a Reserve Bank for India to regulate the issue of bank notes and the keeping of reserves with a view to securing monetary stability in (India) and generally to operate the currency and credit system of the country to its advantage". To elaborate, the main functions of the RBI are:•To maintain monetary stability so that the business andeconomic life can deliver welfare gains of a properlyfunctioning mixed economy.•To maintain financial stability and ensure sound financialinstitution so that monetary stability can be safely pursuedand economic units can conduct their business withconfidence.•To maintain stable payments system so that financialtransactions can be safely and efficiently executed.•To promote the development of financial infrastructure of markets and systems, and to enable it to operate efficiently i.e., to play a leading role in developing a sound financial system so that it can discharge its regulatory function efficiently.•To ensure that credit allocation by the financial systembroadly reflects the national economic priorities and societalconcerns.•To regulate the overall volume of money and credit in theeconomy with a view to ensure a reasonable degree of pricestability.Ro le o f t h e Ba n k In view of the Bank's close contacts and intimate knowledge of the financial markets, it is in a position to advise the Central and State Governments on the Quantum, timing and terms of issue of new loans. While formulating the borrowing program for the year, the Government and the Bank take into account a number of considerations such as the amount of Central and State loans maturing for redemption during the year, theestimate of available resources (based on the estimated growthin deposits with the banks, premium income of insurancecompanies and accretions to provident funds) and theabsorptive capacity of the market.In India, banks, insurance companies and provident funds arestatutorily required to invest a portion of their liabilities,premium income or accretions, as the case may be, inGovernment and other approved securities, which ensures acaptive market for these securities, facilitating the easyabsorption of new issues. The Bank tries to ensure that over a reasonably long period it will be neither a net purchaser of securities from the market nor a net seller so that the loans raised are absorbed by the market outside the Bank to the maximum extent.The Bank actively operates in the gilt-edged market to ensurethe success of Government loan operations. For instance, theBank grooms the market by acquiring securities nearing maturityto facilitate redemption. If maturing stocks are held by investors to the last, conditions in the money market are likely to be disturbed as most of the cash paid out seeks avenues of reinvestment, but, in practice, all the investors are not equally eager to wait for cash repayment on the redemption date and then undertake reinvestment, as they can reinvest the proceedsat times of their own choosing if these were realized earlier, theBank, therefore, stands ready as the stock approaches maturityto buy all the stocks offered for sale at these terms. Thus, incarrying out the loan operations of the Government the Bankendeavours on the one hand to minimize the effects of suchoperations on the money market and Government securitiesmarket, and on the other to obtain the best possible terms for the Government concerned. The close involvement in the market by its continuous presence and the willingness to deal in the securities at process determined by it give the Bank a good degree of flexibility when it is seeking occasions forimplementing a shift in policy on prices.The timing of the issue of new loans is normally left to theReserve Bank. The Central Government and the stateGovernments float market loans separately, but through theReserve Bank. For the management of the public debt of the Government, the Bank charges a commission. In addition, the Reserve Bank also charges for all new issues both by Central and State Government loans, besides recovering brokerage andexpenses incurred by the Bank on account of printing of loannotifications, telegrams, advertisements, etc.
1)It helps the bank in stabilizing the external value of currency. 2)It helps in pursuing a coordinated policy towards the balance of payments situation of the country.
RBI stands for Reserve Bank of India. RBI is the governing body for all banks in India. It supervises the operations of all banks that operate in India. They decide the intere…st rates, cash reserve ratio, liquidity issue etc that these banks are supposed to maintain. All banks in India are supposed to abide by the rules laid down by the RBI. The main functions of RBI are:- Formulate, implement and monitor the monetary policy with the objective of maintaining price stability and ensuring adequate flow of credit to productive sectors. Regulate and supervise the financial system by prescribing the broad parameters of banking operations within which the system must function. Manager foreign exchange in order to facilitate external trade and promote orderly development and maintenance of foreign exchange market in India. Issues and exchanges or destroys currency and coins not fit for circulation, so as to give the public adequate quantity of supplies of currency notes and coins and in good quality. Performs a wide range of promotional functions to support national objectives. Banker to the Central and State Governments. Banker to banks by maintaining banking accounts of all scheduled banks.
It means run(s) batted in. RBI also stands for Reserve Bank of India.
It's an acronym for a baseball statistic: Runs Batted In.
A subsidiary company of Mastek, RBI manuactures boilers, water heaters, and pool heaters. They may be contacted through their website. They are located in Westfield MA. . R…BI 260 North Elm Street Westfield, MA 01085 Phone: 413-568-9571 Fax: 413-568-9613 .
Why did RBI have to change its role from controller to facilitator of financial sector in India during 1991?
It is in tune with the policy of the government. Even now the role of the RBI has not changed from controller of the entities it regulates. What has changed is the policies of… reserve bank of India which are based on terms of liberalisation proposed by the government,