About Reserve Bank of India
The organization regulates India's banking system, overseeing currency issuance and monetary policy to ensure price stability and economic growth.
The Preamble of the Reserve Bank of India describes the basic functions of the Reserve Bank as: "to regulate the issue of Bank notes and keeping of reserves with a view to securing monetary stability in India and generally to operate the currency and credit system of the country to its advantage; to have a modern monetary policy framework to meet the challenge of an increasingly complex economy, to maintain price stability while keeping in mind the objective of growth." The Reserve Bank of India was established on April 1, 1935 in accordance with the provisions of the Reserve Bank of India Act, 1934. The Central Office of the Reserve Bank was initially established in Calcutta but was permanently moved to Mumbai in 1937. The Central Office is where the Governor sits and where policies are formulated. Though originally privately owned, since nationalisation in 1949, the Reserve Bank is fully owned by the Government of India.
Vision
To pursue the public interest and common good as a leading central bank that is recognised for its credible, transparent and proactive policies.
Mission
To foster monetary and financial stability conducive to sustainable economic growth and to ensure the development of an efficient and inclusive financial system.
A little more about Reserve Bank of India
+12 more
PatnaBengaluruAgartalaKolkataMumbaiHyderabadNew DelhiRanchiKanpurChennaiThiruvananthapuramBhopalSubsidiaries
Companies similar to Reserve Bank of India
Government of India
Government
Food Corporation of India
Government
Government of Andhra Pradesh
Government
Government of West Bengal
Government
Central Reserve Police Force
Government
India Post
Government
Ministry of Defence
Government
Council of Scientific and Industrial Research
Government
Ordnance Factory
Government
Frequently asked questions about Reserve Bank of India
What does Reserve Bank of India do?
Reserve Bank of India is a leading company in the Government sector. It provides innovative solutions to clients across multiple industries globally.
Where is Reserve Bank of India headquartered?
Reserve Bank of India is headquartered in Mumbai. The company operates across multiple locations in India and internationally.
How many employees does Reserve Bank of India have?
Reserve Bank of India employs 10001-50000 professionals worldwide. The company continues to grow and regularly hires across various functions and geographies.
When was Reserve Bank of India founded?
Reserve Bank of India was founded in 1935. Over the years it has grown into a globally recognised organisation in the Government space.
Who is the CEO of Reserve Bank of India?
The CEO of Reserve Bank of India is . The leadership team is committed to driving innovation and employee growth.
Is Reserve Bank of India a good place to work?
Reserve Bank of India is widely regarded as a strong employer in the Government sector. The company offers structured career paths, learning programmes, and a collaborative work environment.
What is the hiring process at Reserve Bank of India?
The hiring process at Reserve Bank of India typically includes an online application, aptitude or technical assessments, and multiple interview rounds. The process varies by role and experience level.
Does Reserve Bank of India hire freshers?
Yes, Reserve Bank of India actively recruits freshers through campus placement programmes and graduate hiring drives. Entry-level roles are available across technology, business, and operations functions.
What are the career growth opportunities at Reserve Bank of India?
Reserve Bank of India invests in employee development through structured learning platforms, mentorship programmes, and internal mobility. Employees can advance across technical, managerial, and leadership tracks.
What benefits does Reserve Bank of India offer to employees?
Reserve Bank of India offers a comprehensive benefits package that typically includes health insurance, paid leave, retirement benefits, and learning allowances. Specific benefits may vary by location and role level.