Statistics Project

Functions of RBI ( The Indias Central Bank ) List ? As a central chamfer, the Reserve Bank has significant powers and duties to perform. For smooth and sprightly progress of the Indian Financial System, it has to perform some underlying tasks. Among opposites it includes maintaining monetary and financial stability, to develop and maintain stable pay system, to promote and develop financial infrastructure and to regulate or control the financial institutions. For simplification, the functions of the Reserve Bank are reason into the traditional functions, the development functions and supervisory functions. handed-down Functions of RBI ? traditionalistic functions are those functions which every central bank of each terra firma performs all over the world. Basically these functions are in seam with the objectives with which the bank is set up. It includes fundamental functions of the Central Bank. They comprise the following(a) tasks. 1.Issue of specie Notes : The RBI has the sole right or license or monopoly of issuing funds checks except one rupee note and coins of smaller denomination. These currency notes are legal tenderise veerd by the RBI. Currently it is in denominations of Rs. 2, 5, 10, 20, 50, 100, 500, and 1,000.

The RBI has powers not only when to issue and withdraw but even to transfer these currency notes for other denominations. It issues these notes against the security of gold bullion, foreign securities, rupee coins, exchange bills and promissory notes and government of India bonds. 2.Banker to other Banks : The RBI being an peak admonitory insti tution has obligatory powers to guide, help ! and direct other commercial message banks in the country. The RBI can control the volumes of banks reserves and stick out other banks to create credit in that proportion. all(prenominal) commercial bank has to maintain a part of their reserves with its parents viz. the RBI. as well as in need or in urgency these banks antenna the RBI for fund. Thus it is called as the lender of the...If you want to attract a full essay, order it on our website: OrderCustomPaper.com

If you want to get a full essay, visit our page: write my paper