The Reserve Bank of India is an essential and middle axis banking establishment of the country. It is the institution which is a controlling power of financial strategy of the Indian currency. Reserve Bank of India came in to existence on 1 April 1935 at point of the British Raj in agreement with the stipulations of the Reserve Bank of India Act, 1934. The share capital of the organization was alienated into shares of 100 all completely paid which was wholly possessed by personal shareholders in the commencement. Subsequently independence period in 1947 of India; Reserve Bank of India became public sector in 1949. The Reserve Bank of India stages significant element in the expansion plan of the Government of India.
Reserve Bank of India(RBI) Head Office Address :
Main Bldg. P. B. No. 901 Shahid Bhagatisngh Road
Mumbai : 400001
Maharashtra ,India .
Reserve Bank of India(RBI) Phone Number : (22) 22601500 22660500
Reserve Bank of India(RBI) Website : http://www.rbi.org.in/
This one banking group is a component bank of the Asian Clearing Union too. The broad superintendence and course of Reserve Bank of India is commended with smart and powerful 21 members as the fundamental board of directors. 4 deputy governors, 2 finance ministry spokespersons, 10 government designated directors to stand for imperative constituents for financial system of the country. Also 4 local board directors at appointed at cities like Mumbai, Kolkata, Chennai and New Delhi by Reserve Bank of India. Each of these Local Boards contains 5 members who are entitled to symbolize provincial awareness and the welfare of supportive and native banks. This central bank is as well as dynamic in sponsoring fiscal insertion guidelines. Reserve Bank of India is a most important component of the Alliance for Financial inclusion. The Bank was originated in 1935 to act in reaction for several cost-effective difficulties behind the First World War period. The banking source was all came with the real effect of instructions placed by Dr. B.R. Ambedkar.
Reserve Bank of India was set with connections on the basis on the suggestions of the 1926 Royal Commission on Indian Currency and Finance. Previously, the fundamental office of Reserve Bank of India was set up the city of Calcutta; afterwards it was all transferred to Bombay in the year 1937. The bank institution also performed as central bank of Burma. Following the partition of India in 1947, it was catering the needs of Pakistan till 1948 as the mid bank when the State Bank of Pakistan inaugurates its operations there. In 1950 -1960, the government of India urbanized a centrally premeditated financial document that paid full attention on the farming section in the country underneath the first Prime Minister of India, Jawaharlal Nehru.
The Reserve Bank of India has 4 regional offices. It has 19 area offices which are located at most of the capital towns of the states in the country. Some of the important branches of Reserve Bank of India are placed the cities like in Ahmadabad, Bangalore, Bhopal, Bhubaneswar, Chandigarh, Chennai, Delhi, Guwahati, Hyderabad, Jaipur, Jammu, Kanpur, Kolkata, Lucknow, Mumbai, Nagpur, Patna, and Thiruvananthapuram etc. Alongside these foremost official branches, the bank includes more 9 associate offices positioned at Agartala, Dehradun, Gangtok, Kochi, Panaji, Raipur, Ranchi, Shillong, Srinagar and Shimla.Reserve Bank of India provides 2 training institution for the employees and staff officers in India.
The Reserve Bank Staff College at Chennai and College of Agricultural Banking at Pune are the vital resource of education for the members of the bank. The Governor Dr. D. Subbarao is appointed at the central office in Mumbai. The address for Mumbai is Reserve Bank of India is at Main Building. P. B. No. 901 Shahid Bhagatisngh Road, Mumbai: 400001, Maharashtra. The contact details are as follows 022- 22601500 22660500. http://www.rbi.org.in/ is an official administrative website of the bank.