Important Points About Reserve Bank of India (RBI)

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

 

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