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Banking & Credit :: RESERVE BANK OF INDIA (RBI)

4. Main Functions

Monetary Authority

  • Formulates, implements and monitors the monetary policy.
  • Objective: maintaining price stability and ensuring adequate flow of credit to productive sectors.
Regulator and supervisor of the financial system
  • Prescribes broad parameters of banking operations within which the country's banking and financial system functions.
  • Objective: maintain public confidence in the system, protect depositors' interest and provide cost-effective banking services to the public.
Manager of Foreign Exchange
  • Manages the Foreign Exchange Management Act, 1999.
  • Objective: to facilitate external trade and payment and promote orderly development and maintenance of foreign exchange market in India.
Issuer of currency
  • Issues and exchanges or destroys currency and coins not fit for circulation.
  • Objective: to give the public adequate quantity of supplies of currency notes and coins and in good quality.
Developmental role
  • Performs a wide range of promotional functions to support national objectives.
Related Functions
  • Banker to the Government: performs merchant banking function for the central and the state governments; also acts as their banker.
  • Banker to banks: maintains banking accounts of all scheduled banks.
Office: Has 22 regional offices, most of them in state capitals.

Office in Tamil Nadu: Regional Director, Fort Glacis, Rajaji Salai, Chennai-600 001, India

5. RBI’s Free On-line Database on Indian Economy

The Reserve Bank of India has released to public a number of long time series data pertaining to financial sector, real sector, financial market, external sector, public finance and corporate finance in user friendly manner through dynamic web based application for the convenience of analysts, researchers and other users. This database consisting of 216 Static reports, 74 Simple query templates (subject wise), 53 Simple query templates (frequency wise) can be accessed from the home page of the RBI website (www.rbi.org.in) through the static headline “Database on Indian Economy (DBIE)” or directly using the website URL http://dbie.rbi.org.in. List of data series available on the site is progressively enlarged on a regular interval on the basis of feedback received and availability of relevant data series in the RBI’s data warehouse.

For further details Click here
 

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