Reserve Bank of India Official Website, New Vacancy 2021,

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Reserve Bank of India Official Website

The Reserve Bank of India (RBI) is a regulatory body that comes under the authority of the Central Bank of India and the Ministry of Finance, Government of India. It is responsible for the issue and supply of Indian rupees and the regulation of the Indian banking system. It also manages the country’s main payment systems and promotes its economic development. Its top officer is designated as the Governor who is a civil servant of the IAS or IES cadre. Until the Monetary Policy Committee was set up in 2016, India also had complete control over monetary policy. It started its operations on 1 April 1935 as per the Reserve Bank of India Act, 1934. The original share capital was divided into 100 fully paid shares each. After the independence of India on 15 August 1947, the RBI was built on nationalization on 1 January 1949. The RBI’s overall directive is with the 21-member Central Board of Directors, which is constituted by the Governor; Four Deputy Governors; Two representatives of the Ministry of Finance (usually the Secretary of Economic Affairs and the Secretary of Financial Services); Ten government-nominated directors; And four directors who represent local boards for Mumbai, Kolkata, Chennai and Delhi. Each of these local boards consists of five members representing the regional interests and interests of cooperative banks and domestic banks. Reserve Bank of India Official Website

Reserve Bank of India Official Website Link

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Reserve Bank of India Official Website

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