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What is the role of RBI?
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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An rbi is when there is a runner on a base and the hitter is at the plate and hits the ball and the runner that was on the base comes home and scores rbi = RUN BATTED IN
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.
Reserve Bank of Indian [RBI] was established on 1st April, 1935.
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."
1. Currency issue 2. Banker's Bank 3. Government Bank 4. Credit Control 5. Foreign Exchange Reserve
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.
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.....
Dr. YV Reddy is the Governor of the RBI
An RBI, or Run Batted In, is received when a batter gets a base hit and a run comes in.
1935 April 1 with 5 corers of money all of are 100 rupees notes
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.
Sir Osborne Smith (1 April 1935 - 30 June 1937)Sir James Braid Taylor (1 July 1937 - 17 February 1943)Sir C. D. Deshmukh (11 August 1943 - 30 June 1949)Sir Benegal Rama Rau (1… July 1949 - 14 January 1957)K. G. Ambegaonkar (14 January 1957 - 28 February 1957)H. V. R. Iyengar (1 March 1957 - 28 February 1962)P. C. Bhattacharya (1 March 1962 - 30 June 1967)L. K. Jha (1 July 1967 - 3 May 1970)B. N. Adarkar (4 May 1970 - 15 June 1970)S. Jagannathan (16 June 1970 - 19 May 1975)N. C. Sen Gupta (19 May 1975 - 19 August 1975)K. R. Puri (20 August 1975 - 2 May 1977)M. Narasimham (2 May 1977 - 30 November 1977)Dr. I. G. Patel (1 December 1977 - 15 September 1982)Dr. Manmohan Singh (16 September 1982 - 14 January 1985)A. Ghosh (15 January 1985 - 4 February 1985)R. N. Malhotra (4 February 1985 - 22 December 1990)S. Venkitaramanan (22 December 1990 - 21 December 1992)Dr. C. Rangarajan (22 December 1992 - 21 November 1997)Dr. Bimal Jalan (22 November 1997 - 6 September 2003)Dr. Y. V. Reddy (6 September 2003 - 5 September 2008)Dr. Duvvuri Subbarao (6 September 2008 - Present)
RBI stands for Runs Batted In. This means how many runs have you scored for your team as a direct result of your batting. Any runs scored when you get a base hit, a home… run, a sacrifice fly or even a routine ground out count towards your RBI. Even if the bases are loaded and you walk in a run, it counts as an RBI.
The acronym RBI stands for 'runs batted in'. This means that there is one or more baserunners when a batter hits the ball causing one of more of them to score. Any run tha…t was a result of that at-bat counts as an RBI for the batter, whether or not the batter actually made it to first base safely.