RBI - Apex monetary institution of India

RBI - Reserve Bank of India

"... to regulate the issue of bank notes & keeping of reserves with a view to securing monetary stability in India and generally to operate the currency & credit system of the country to its advantages. "

Headquarter- Mumbai

Established  - 1 April'1935 ( nationalized in the year 1949)

Governor   - D. Subbarao

Activities or Functions of RBI: there are four majors activities carried out by RBI

      1- Monetary Authority

                  - maintaining price stability

                  - ensuring adequate flow of credit

                  - financial stability

      

      2- Direct Instruments

                  - Cash Reserve Ratio (CRR- 4.25% on Jan'2013)

                  - Statutory Liquidity Ratio (SLR- 23% on Jan'2013)

                  - Refinance facilities

      3- Indirect Instruments

                  - Repo Rate (8 % on Jan'2013)

                  - Reserve Repo Rate (7 % on Jan'2013)

                  - Bank Rate (9 % on Jan'2013)

                  - Marginal Standing Facility Rate (9 % on Jan'2013)

      4- Priority Sector Lending

                  - Micro Credit

                  - Small Scale Industries

                  - Agriculture, Retail trade, Education , Housing etc...

For any query feel free to write me on tk.pccs2@gmail.com.