Search This Blog

Showing posts with label Reserve Bank of India. Show all posts
Showing posts with label Reserve Bank of India. Show all posts

Saturday 19 October 2019

RESERVE BANK OF INDIA


  • RBI Act passed in the year 1934
  • Reserve Bank of  India established on 1 April 1935
  • First headquarters of RBI in calcutta 
  • In 1937 RBI headquarter was transferred to Mumbai 
  • RBI nationalised in the year 1st January 1949
  • RBI is the Central bank of India 
  • Monitary policy of India controlled by RBI
  • First Governor of RBI sir Osborne Smith 
  • CD Deshmukh is the first Indian Governor of RBI
  • 15th Governor of RBI  Dr Manmohan Singh
  • 25th and Present Governor of RBI Sakti Kanta Das
  • RBI is the custodian of foreign exchange reserve in india
  • Service area approach was introduced by RBI
  • Credit control is the function of RBI
  • Regional Rural Banks get recommendation from RBI for opening branches
  • RBI introduced 14 day intermediate treasury bills and 14 day treasury bills on 1997
  • RBI introduced a bill rediscounting scheme in 1970




                                   

INTERNATIONAL CO OPERATIVE ALLIANCE (ICA)

ICA stands for International Co operative Alliance  ICA is a federation of co operative organisation in the world ICA established...