What are the departments in RBI?

Departments of RBI

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• Issue Department.
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• Banking Department.
• Currency Management Department.
• Government and Bank Accounts Department.
• Budgetary Control and Expenditure Department.
• Department of Exchange Control.

Does RBI have HR department?

Recognising the importance of human resources in a skill-intensive organisation, the Reserve Bank has been constantly striving to upgrade the skills and quality of its human resources. X. 2 Commencing its operations in April 1935, the Reserve Bank completed its 75th year in April 2010.

What is the purpose of inspection department in a bank?

Inspection Department, Central Office, oversees the functioning of the internal audit systems with a view to consolidating and co-ordinating all the activities relating to Concurrent Audit (CA) and Control Self Assessment Audit (CSAA) undertaken at all the offices of the Reserve Bank and ensure its smooth functioning.

How many departments are in Reserve Bank of India?

23 Departments
23 Departments of the Reserve Bank of India.

What are the departments in RBI Grade B?

Departments in RBI

• Consumer Education and Protection Department.
• Corporate Strategy and Budget Department.
• Department of Banking Regulation.
• Department of Banking Supervision.
• Department of Communication.
• Department of Cooperative Bank Regulation.
• Department of Cooperative Bank Supervision.
• Department of Corporate Services.

What is RBI Issue Department?

Issue Department: The Issue department is concerned with the proper and efficient management of the note issue. Currency Management Department: This department is responsible for forecasting the long-term requirements of the currency and subsequently allocating it to the various other branches.

Can RBI inspect banks?

The Banking Regulation Act, 1949 empowers the Reserve Bank of India to inspect and supervise commercial banks. These powers are exercised through on-site inspection and off site surveillance.

How many departments are there in RBI Grade B?

There are over 30 departments in the Reserve Bank of India. There are a few sections (4–5) in each department, and each section has 4–5 sub sections. So, if you look at the RBI’s organisational structure, you’ll note that there are over 400 work profiles. The Departments are listed below in alphabetical order.

What are different departments in a bank?

While different banks may have different divisions, these are often the main divisions offered:

• Retail Banking.
• Corporate/Commercial Banking.
• Global Banking.
• Private Banking.
• Investment Banking.

What is the work of the RBI inspection and legal department?

Thus, it collects the data from the operational point of view of the RBI. The inspection department carries out the inspections of the various departments and offices of the RBI. For the legal advice on various issues referred by the RBI, the legal department is responsible.

How many departments are there in RBI?

To regulate this supply and various other policies, RBI has dedicated various departments. Thus, these departments are responsible for the work that goes around in the RBI. Thus, these departments help in organizing and smoothening of the functions in the RBI. In total, there are 23 departments in the RBI.

What is the work of RBI rural finance department?

This is one of the oldest departments in the RBI. Also, it was established in the year 1982 and is concerned with the issues like lead bank scheme, credit plans for the district, provision for the expert assistance, processing the credit line for short-term loans the NABARD, and putting forward the policies for reserve bank regarding rural India.

What is the full form of RBI Department of communication?

The Division was, in March 2007, given the status of a full-fledged department and was renamed Department of Communication (DoC). In 2008, the Reserve Bank of India for the first time, elaborated its communication policy which was placed on the RBI website with the approval of the Reserve Bank’s Central Board of Directors.