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♦️Founded : 1935♦️Nationalised : 1949
♦️HQ : Mumbai, Maharashtra.
♦️Committee : Hilton Young Commission.
♦️1st Governor : OS Smith.
♦️1st Indian Governor : CD Deshmukh.
♦️Present Governor : Shaktikanta Das [25th].
♦️RBI Governor Shaktikanta Das ranked top Central Banker for 2nd Year in a row.
◾️Monetry Policy Rates :-
♦️Repo Rates : 6.50%
♦️Cash Reserve Ratio : 4.50%
♦️Reverse Repo Rate : 3.35%
♦️Standing Deposit Facility Rate : 6.25%
♦️Marginal Facility Rate : 6.75%
♦️Bank Rate : 6.75%
♦️Statutory Liquidity Ratio : 18%.
◾️Voting on the Resolution to keep the Policy Repo Rate unchanged at 6.50 per cent :-
♦️Shaktikanta Das : Yes.
♦️Shashanka Bhide : Yes.
♦️Ashima Goyal : No.
♦️Jayanth R. Varma : No.
♦️Rajiv Ranjan : Yes.
♦️Michael Debabrata Patra : Yes.
◾️ Some Important Points About Monetry Policy :-
♦️According to the RBI Act 1934, the Monetary Policy Committee has to meet at least four times in a financial year.
♦️The fiftieth meeting of the Monetary Policy Committee (MPC), constituted under Section 45ZB of the Reserve Bank of India Act, 1934, was held during August 6th to 8th, 2024.
♦️According to Section 45ZL of the Reserve Bank of India Act, 1934, the Reserve Bank publishs, on the fourteenth day after every meeting of the Monetary Policy Committee.
♦️The Next meeting will be held on October 7th to 9th, 2024. This is the 3rd Bi-monthly monetary policy of the financial year 2024-25.
♦️Shaktikanta Das the Governor of Reserve Bank of India (RBI) said that the Monetary Policy Committee (MPC) has voted by a 4:2 majority to keep the policy repo rate unchanged at 6.5%.
♦️Repo Rate unchanged at 6.50% for the #Ninth_consecutive_times.
♦️The quarterly estimates for GDP in 2024-25 are 7.1, 7.2, 7.3 & 7.2 in Q1-Q4, Respectively.
◾️Coin Minted By GOI :-
♦️Mumbai, Maharashtra.
♦️Hyderabad, Telangana.
♦️Noida, Uttar Pradesh.
♦️Calcutta, West Bengal.
◾️Currency Note Printing Press :-
♦️Salboni, WB.
♦️Mysuru, Karnataka.
♦️Nasik, Maharashtra.
♦️Dewas, Madhya Pradesh.
◾️RBI’s Five Subsidiaries :-
♦️Reserve Bank Innovation Hub : RBIH.
♦️Bharatiya Reserve Bank Note Mudra Private Limited : BRBNMPL.
♦️Reserve Bank Information Technology Private Limited : ReBIT.
♦️Indian Financial Technology & Allied Services : IFTAS.
♦️Deposit Insurance & Credit Guarantee Corporation of India : DICGC.
Credit: RBI