Structure of RBI Organisation

RBI is wholly owned by the government In India. Central Board of directors oversees the Reserve Bank’s business.

Central Board

The Central Board has primary authority for the oversight of the Reserve Bank. It delegates specific functions through Its committees and sub committees, It Includes the Governor, Deputy Governors and a few Directors (of relevant local boards). Currently Dr Raghuram Rajan is the governor.

Committee of Central Board Overseas

The current business of the Central Bank and typically meets every week, on Wednesdays. The agenda focuses on current operations, including approval of the weekly statement of counts related to the issue and banking departments.

Board for Financial Supervision

It regu1ates and supervises Commercial Banks, Non-Banking Finance Companies (NBPCS), development finance institutions urban Co-operative Banks and primary dealers.

Board for Payment and Settlement Systems

Regulates and supervises the payment and settlement systems.

Sub Committees of the Central Board

 It includes those on inspection and audit, staff and building Focus of each sub-committee Is on specific areas of operations.

Local Boards

In Chennai, Kolkata, Mumbai and New Delhi, representing the country’s four regions. Local board members, appointed by the Central Government for 4 year terms, represent regional and economic interests and the interests of Co-operative and Indigenous Banks,

Training Centers

The Reserve Bank Staff College at Chennai addresses the training needs of RB! Officers, the College of agricultural banking at Pune trains staff of Co-operative and Commercial Banks, Including Regional Rural Banks. The zonal training centers, located at regional offices, train non executive staff.

Research Institutes

RBI-funded institutions to advance training and research on banking issues, economic growth and banking technology, such as, National Institute of Bank Management (NIBM) at Pune, Indira Gandhi Institute of Development Research (IGIDR) at Mumbai and Institute for Development and Research in Banking 1chno1ogy (IDRBT) at Hyderabad.

Subsidiaries

Fully-owned subsidiaries include National Housing Bank (NHB), Deposit Insurance and Credit Guarantee Corporation (DICGC), Bharatiya Reserve Bank Note Mudran Private Limited (BRBNMPU. The Reserve Bank also has a majority stake in the National Bank of Agriculture and Rural Development (NABARD).