Updated on : Oct 04, - PM. The RBI controls the monetary and other banking policies of the Indian government. The Reserve Bank is permanently situated in Mumbai since The primary objectives of RBI are to supervise and undertake initiatives for the financial sector consisting of commercial banks, financial institutions and non-banking financial companies NBFCs.
Annual Report — The annual report is a statutory report of the Reserve Bank of India that is released every year. This report consists of valuation and progress of the Indian economy. Report on Trend and Progress of Banking in India — This document is an assessment of the policies and progress of the financial sector for the preceding year. Lectures — The Reserve Bank of India has constituted three annual lectures. Two of these lectures are conducted by past Governors of the Reserve Bank and one lecture is by a noted economist.
Report on Currency and Finance — This report is documented and presented by the staff of Reserve Bank of India bank and focusses on a particular theme and presents a detailed economic analysis of the issues related to the theme. Handbook of Statistics on the Indian Economy — This report is an important initiative by the Reserve Bank to improve data distribution.
It is a resourceful storehouse of major statistical information. State Finances: A Study of Budgets — The report is an essential source of segregated state-wise financial data and provides an analytical data-driven conceptualisation on the fiscal position of state governments across India. These data inputs are used to analyse specific issues of relevance. The report also covers the information of balance sheets and performance indicators for each SCB in India.
The journal also includes segregated data sources on some essential factors relating to bank-wise, bank group-wise and state-wise level of information. Basic Statistical Returns — This is another data-focused yearly journal which represents complex information on the number of offices, employees, deposits and credit of Scheduled Commercial Banks in minute levels of detail such as, region-wise, state-wise and district-wise information.
This information also trickles down to the population and credit requirements in each bank. Repo or repurchase rate is the benchmark interest rate at which the RBI lends money to all other banks for a short-term. When the repo rate increases, borrowing from RBI becomes more expensive and hence customers or the public bear the outcome of high-interest rates. In the RBI banned the use of virtual currencies by the financial agencies and banks that it regulates. The RBI was originally set up as a private entity, but it was nationalized in The reserve bank is governed by a central board of directors appointed by the national government.
Directors are appointed for a period of four years. According to its website, the current focus of the RBI is to continue its increased supervision of financial institutions, while dealing with legal issues related to bank fraud and consolidated accounting and attempting to create a supervisory rating model for its banks. Federal Reserve. Monetary Policy. Advanced Forex Trading Concepts. Your Privacy Rights. To change or withdraw your consent choices for Investopedia.
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