65288a64fe RBIIt stands for the Reserve Bank Of India which is the centralized body of all the banks in India. ^ Sunil Kumar, Rachita Gulati: Did efficiency of Indian public sector banks converge with banking reforms? in Int Rev Econ (2009) 56:4784, p. Issue of currency. It acts as the lender of the last resort by providing emergency advances to the banks. From 1 July 2014, however, to exchange more than 15 pieces of 500 and 1000 notes, non-customers will have to furnish proof of identity and residence as well as show aadhar to the bank branch in which she/he wants to exchange the notes. Vasudevan et al. Venkitaramanan (199092) C. ^ "Reserve Bank of India".
The Reserve Bank of India has four zonal offices at Chennai, Delhi, Kolkata and Mumbai. It has 19 regional offices and 10 sub-offices. 2005. The RBI is also a banker to the government and performs merchant banking function for the central and the state governments. ^ "Indian banks can weather impact of drought: RBI". ^ "RBI Proposes COO Post in Rank of Deputy Governor". When the repo rate increases, borrowing from RBI becomes more expensive. Raj. The RBI controls the monetary supply, monitors economic indicators like the gross domestic product and has to decide the design of the rupee banknotes as well as coins.. Recruitment. Public finance Policies Agricultural Economic Energy Industrial Investment Social Trade Fiscal Monetary Policy mix Fiscal policy Budget policy Debt external internal Deficit/ Surplus Finance ministry Fiscal union Revenue Spending deficit Tax Monetary policy Bank reserves (requirements) Discount window Gold reserves Interest rate Monetary authority central bank currency board Monetary base Monetary (currency) union Money supply Trade policy Balance of trade Free trade Gains from trade Non-tariff barrier Protectionism Tariff Trade bloc Trade creation Trade diversion Trade/ Commerce ministry Revenue Spending Non-tax revenue Tax revenue Discretionary spending Mandatory spending Optimum Balanced budget (fiscal) Growth (trade and investment) Price stability (monetary) Reform Fiscal adjustment Monetary reform v t e .