Thursday, 6 August 2015

Important Points About Reserve Bank of India (RBI)

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Friends ! Hope Doing All Preparation well .Now The Time for Bank exams (IBPS RRB, Clerk & PO) . Here We are Providing Banking Awareness Topic On RBI ( Reserve Bank of India ) Some Important Information About And Aspirants Must to Know . Find Below RBI Data Briefly :

Functions of RBI:

  • Issue of Currency Notes
  • Banker of Banks (Lender of last resort)
  • Custodian of Foreign Exchange Reserves
  • Credit control
  • Banker of GOI and state governments
  • Bill discounting

Role of RBI in the Economy :

  • India’s monetary authority
  • Responsible for supervision of financial system in India
  • Issuer of currency
  • Manager of foreign exchange reserves
  • Banker and debt manager to the government
  • Supervisor of the payments system
  • Banker to banks
  • Direct Instruments of monetary control exercised by RBI :

    • Cash Reserve Ratio CRR
    • Statutory Liquidity Ratio SLR
    • Refinance Facilities

    Indirect Instruments for monetary control :

    • Liquidity Adjustment Facility LAF
    • Open Market Operations
    • Market Stabilization Scheme MSS
    • Repo/Reverse repo rates
    • Bank rate


    All The Best

    Also read :

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    General Awareness PDF Download (MCQ)

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