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Functions - Coggle Diagram
Functions
Traditional
Temporary comes and goes
For e.g. Financial Inclusion
Non Traditional
Printing Notes
Foreign Reserves
Bankers to the
Govt.
Banks - Lander of Last Resort
Control the entire banking system & some categories of NBFCs
Scheduled banks have to follow the guidelines given by RBI I - 1/4th bank in rural areas etc.
By making 25% of branches in Rural areas banks are in no need to take permission from RBI to open branches in Area
Monetory Policy
Custodian of forex
Issues Currency above 1 rupee
1 rupee is issued by C. GOVT.
All coins by C. Govt.
Signed by Fin. Secratory
But circulated by RBI
Highest 10000 R note
1977 10000 note was running
Demonetized
Janta Govt.
Indira govt. fired
1977 National Emergency
1st Demo - 1947
To remove British currency
Yearly financial upto 10000 cr
RBI Financial year July - June
For this min reserve system is used
What: Must Keep backlog currency
200 cr in reserve 115 cr gold
To issue 10000 cr yearly
85 cr hard currency
115 cr gold