(Established 1935; Nationalized 1949;)
Present Governor : Dr D Subbarao
1st Governor : Sir Smith
Ist Indian Governor : C D Deshmukh
Scheduled Banks
Scheduled Commercial Banks (163) Non-Scheduled
Commercial Banks (4) Scheduled Cooperative Banks (69)
(Mentioned
in II Schedule of RBI Act, 1934)
Public
Sector Banks (26) Private
Sector Banks (21) RRBs (82) Scheduled Urban
Nationalized
banks (20) Old
Private Banks (14) Cooperative
Banks (53)
SBI
& Asso (6) New
Private Banks (7)
Scheduled State
Cooperative Banks (16)
With the SBI, the number of Associates of SBI are 6
The RBI and
Credit Control
Quantitative
Credit Control
It is used to control the volume of credit and
indirectly to control the inflationary and deflationary pressures. These are
1. Cash Reserve Ratio
2. Statutory Liquidity Ratio (SLR)
3. Repo Rate
4. Reverse Repo Rate
5. Bank Rate
Functions of
the RBI
The functions of the RBI, today can be categorized as
follows
Monetary Policy
·
Regulation and
supervision of the banking and non-banking financial institutions, including
credit information companies.
·
Debit and cash
management for Centre and State Governments.
·
Foreign exchange
management current and capital account management.
·
Management of
foreign exchange reserves.
·
Banker’s banks
·
Banker to the
Centre and State Governments
·
Currency
management.
·
Oversight of the
payment and settlement systems.
·
Development role
·
Research and
statistics.
Operating
Abroad
·
22 Indian banks
(6 Private and 16 Public) operate overseas in 52 countries.
·
SBI has the
largest network of foreign offices followed by Bank of Baroda.
·
Among Private
sector banks, ICICI Bank has the largest foreign presence.
13th Finance Commission
The
Thirteenath Finance Commission was constituted in accordance with the Articles 270, 275 and 280 of the Indian
Constitution. The FC-XIII Submitted its report on December 30,2009. The
FC-XII’s overall approach was to foster inclusive
and green growth promoting fiscal federalism.
The
first Finance commission was headed by KC
Neogi and the 13 Finance Commission is headed by Vijay L Kelkar.
Stock Exchange of India
·
A Stock Exchange provides services for brokers and traders to trade stocks, bonds and
other securities.
·
The Bombay Stock Exchange (BSE) is a stock exchange located on dalal Street, Mumbai
and is the oldest stock exchange in Asia . The
BSE has the largest number of listed companies in the world.
·
The National Stock Exchange (NSE) is the 16th largest stock exchange in the
world. It is situated in Mumbai.
Agriculture
·
Green Revolution is associated with the use of HYVS
(High Yielding Variety Seeds), Chemical fertilizers and new technology which
led to a revolutionary results in agriculture production.
·
The term ‘Green
Revolution’ was given by American Scientist Dr William Gaud.
Agriculture
Credit
·
Institutional
credit covers cooperative societies banks RRBs and NABARD.
·
Lead bank Scheme
(1969) is an area approach to credit.
·
Service area
approach to credit was adopted in 1988.
·
NABARD as an apex agricultural bank was set up in
1982.
Yellow
Revolution Oilseeds
White
Revolution Milk
Black
Revolution Petro Production
Red
Revolution Meat
and Tomato Production
Round
Revolution Potato
Silver Fibre
Revolution Cotton
Blue
Revolution Fish
Pink
Revolution Shrimp
Grey
Revolution Wool
Evergreen
Revolution Overall
development of Agriculture
Green
Revolution Foodgrains
Golden
Revolution Horticulture
Sliver
Revolution Egg and Poultry
Brown
Revolution Cocoa
Rainbow
Revolution Amalgamation
of all above revolutions.
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