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Establishme
Reserve Bank of India was established on April 1, 1935 in accordance with the provisions of the Reserve Bank of India Act, 1934.
The Central Office of the Reserve Bank was initially established in Calcutta but was permanently moved to Mumbai in 1937. The Central Office is where the Governor sits and where policies are formulated.
Though originally privately owned, since nationalisation in 1949, the Reserve Bank is fully owned by the Government of India.Preamble
The Preamble of the Reserve Bank of India describes the basic functions of the Reserve Bank as:
"...to regulate the issue of Bank Notes and keeping of reserves with a view to securing monetary stability in India and generally to operate the currency and credit system of the country to its advantage."
Central Board
The Reserve Bank's affairs are governed by a central board of directors. The board is appointed by the Government of India in keeping with the Reserve Bank of India Act.
- Appointed/nominated for a period of four years
- Constitution:
- Official Directors
- Full-time : Governor and not more than four Deputy Governors
- Non-Official Directors
- Nominated by Government: ten Directors from various fields and two government Officials
- Others: four Directors - one each from four local boards
- Profile of Central Board Directors
Functions : General superintendence and direction of the Bank's affairs
RBI( Reserve bank of India ) in Recruitment news. Good news for Banking Job Aspirants. RBI Assistants Recruitment Notification released for post of 525 jobs, this time RBI Assistant examgoing to conduct Online .education in Qualification Minimum 50 % in graduation. Now its news from a major news paper in India. But no updates in Official website of RBI :www.rbi.org.in :
Assistants: 525 posts
Educational Qualification : Any graduation with minimum 50 % from Recognized University (pass for SC/ST/pwd candidates )
Age limit : minimum 18 years and Maximum 28 years .
Age relaxations As per rules
Fees : No fees for SC/ST/PWD/EXS/Staff
400/- for GEN/OBC
How to Apply : Apply through online visiting RBI Official website www.rbi.org.in
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