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Reserve Bank of India
Reserve Bank of India or RBI is the Central Bank of India. RBI was established in 1935, 1st April. RBI is entrusted with the monetary stability, the management of currency and the supervision of the financial as well as the payments system of India.
134 Questions
The current governor of the Reserve Bank of India is one Mr. Raghuram Rajan.
Can you make payment for a order self cheque to a third party?
Self cheque can not isssue to third party this is for personnal use of individal I.e. account holder
Who is the bank manager of rbi?
Please rephrase this question. There is no such thing as a governor of RBI.
Is Tamilnad Mercantile Bank a schedule bank?
The bank initially known as "The Nadar Bank Ltd." became a Scheduled Bank under the Reserve Bank of India Act on May 11, 1935. The Nadar Bank Ltd., changed its name to the Tamilnad Mercantile Bank Ltd., on Nov 26, 1962 .
More Info visit refer to their website in the related links section below.
Is reserve bank of india is a banker bank?
Yes, the Reserve Bank of India can be considered the bakers bank. It is the bank that governs all banks that operate in india and is considered the bank for all commercial banks. If let us say SBI Bank is short of funds, they can borrow from RBI.
What is the current CRR and SLR rate for 2011?
The present rate of CRR is 6% and SLR is 24%.Thank you.
Where reserve bank of India is placed?
The Reserve Bank of India has branch offices at most state capitals and at a few major cities in India. They are:
a. Mumbai - Head Office
b. Ahmedabad
c. Bangalore
d. Bhopal
e. Bhubaneswar
f. Chandigarh
g. Chennai
h. Delhi
i. Guwahati
j. Hyderabad
k. Jaipur
l. Jammu
m. Kanpur
n. Kolkata
o. Lucknow
p. Mumbai
q. Nagpur
r. Patna and
s. Thiruvananthapuram.
CITI BANK NA is the schedule bank approved by reserve bank of India?
Citibank India is a Scheduled Bank in India that is permitted to carryout banking operations in India by Reserve Bank of India. It is a direct subsidiary of Citibank NA. i.e., Citibank NA owns and operates Citibank India.
Is rbi officer is a gazetted officer?
An RBI officer of the rank General Manager and above is a gazetted officer.
What is the maximum and minimum limit of CRR?
The Reserve Bank of India (Amendment) Act, 2006 was enacted in June 2006. Consequent to the enactment, the Reserve Bank, has decided to do away with the minimum requirement of 3% CRR and also to not have any maximum cap of 20% (as was the case before the Amendment).
Hence the present position is that there is no upper or lower fixed statutory limit.
Who is the general manager of reserve bank of India?
RBI does not have a general manager. The Governor is the head of the Reserve Bank of India.
The present Governor of Reserve bank of India is Duvvuri Subbarao. Some of the previous governors of RBI in reverse order are:
- Y Venugopal
- Bimal Jalan
- C Rangarajan
- S Venkitramanan
- R N Malhotra
- A Ghosh
- Manmohan Singh
- I G Patel
- M Narasimham
- K R Puri
- N C Sen Gupta
- S Jagannathan
- B N Adarkar
- L K Jha
- P C Bhattacharya
- H V R Iyengar
- K G Ambegaonkar
- Sir Benegal Rama Rau
- Sir C D Deskmukh
- Sir James Taylor
- Sir Osborne Smith (The first governor)
Who is the present Governor of the Reserve Bank of India?
- Y Venugopal
- Bimal Jalan
- C Rangarajan
- S Venkitramanan
- R N Malhotra
- A Ghosh
- Manmohan Singh
- I G Patel
- M Narasimham
- K R Puri
- N C Sen Gupta
- S Jagannathan
- B N Adarkar
- L K Jha
- P C Bhattacharya
- H V R Iyengar
- K G Ambegaonkar
- Sir Benegal Rama Rau
- Sir C D Deskmukh
- Sir James Taylor
- Sir Osborne Smith (The first governor)
What are the role of Reserve Bank of India?
The Reserve Bank of India is the central bank of India, and was established on April 1, 1935. The RBI is fully owned by the Government of India since nationalization in 1949.
The Key roles of the RBI are:
- Regulator and supervisor of the financial system
- Manager of exchange control
- Issuer of currency
- Banker to the Government
- Bank to banks: maintains banking accounts of all scheduled banks
What are functions of Reserve Bank OF India?
Restructuring of the system of bank inspections introduction of off-site surveillance,strengthening of the role of statutory auditors and strengthening of the internal defenses of supervised institutions.
The Central Bank makes it mandatory on all commercial banks to invest a certain percentage of their liabilities [(only demand) or (demand and time both)] in government securities viz. T-Bills, Bonds etc which is called Statutory Liquidity Requirement. These securities are parked in an account maintained with the Central Bank which is called Subsidiary General Ledger. The main purpose of this account is the holding and trading of government securities. Why is holding separated from trading? B/c holding is the minimum requirement. Trading comes in case of Excess Securities which can be traded by the commercial banks. For example, if a commercial bank is carrying a short position, and has excess securities available, it will borrow from the interbank against security (called Repo)while comlying with the minimum requirement. This involves movement of SGLA (subsidiary General Ledger accounts). Entry will be as follows: Current Account (commercial bank) debit SGLA credit The Central Bank makes it mandatory on all commercial banks to invest a certain percentage of their liabilities [(only demand) or (demand and time both)] in government securities viz. T-Bills, Bonds etc which is called Statutory Liquidity Requirement. These securities are parked in an account maintained with the Central Bank which is called Subsidiary General Ledger. The main purpose of this account is the holding and trading of government securities. Why is holding separated from trading? B/c holding is the minimum requirement. Trading comes in case of Excess Securities which can be traded by the commercial banks. For example, if a commercial bank is carrying a short position, and has excess securities available, it will borrow from the interbank against security (called Repo)while comlying with the minimum requirement. This involves movement of SGLA (subsidiary General Ledger accounts). Entry will be as follows: Current Account (commercial bank) debit SGLA credit
What is a third party payment and how can it protect buyers right?
Third party payment is an effective way to solve troubles in payment. It can guarantee the goods quality and reliable exchange, and the exchange of a purchase. It will monitor the processes of trade to ensure the both buyer and seller are honest. The third party payment offers necessary support for ensuring a successful business in e-commerce. In international trade, third party payment is more important too. Recently some famous platforms existed are Paypal of ebay , Escrow in USA , Safe Trade
The bank on which a cheque is drawn (the bank whose name is printed on the cheque) and which pays the amount for which the cheque is written and deducts that sum from the customer's account.
