Reserve Bank of India
Reserve Bank of India
भारतीय रिज़र्व बैंक
RBI seal RBI headquarters in Mumbai
Headquarters Mumbai, Maharashtra
Established 1 April 1935
Governor Duvvuri Subbarao
Currency Indian rupee (₹)
ISO 4217 Code INR
Reserves US$302.1 billion [1][Note 1]
Base borrowing rate 8.00%
Base deposit rate 6.00%
Website http://www.rbi.org.in

The Reserve Bank of India (RBI) is India's central banking institution, which controls the monetary policy of the Indian rupee. It was established on 1 April 1935 during the British Raj in accordance with the provisions of the Reserve Bank of India Act, 1934.[2] The share capital was divided into shares of ₹100 each fully paid which was entirely owned by private shareholders in the beginning.[3] Following India's independence in 1947, the RBI was nationalised in the year 1949.
The RBI plays an important part in the development strategy of the Government of India. It is a member bank of the Asian Clearing Union. The general superintendence and direction of the RBI is entrusted with the 21-member-strong Central Board of Directors—the Governor (currently Duvvuri Subbarao), four Deputy Governors, two Finance Ministry representative, ten Government-nominated Directors to represent important elements from India's economy, and four Directors to represent Local Boards headquartered at Mumbai, Kolkata, Chennai and New Delhi. Each of these Local Boards consist of five members who represent regional interests, as well as the interests of co-operative and indigenous banks.

NATIONALISED BANKS

 1. Allahabad Bank   2. Andhra Bank  3. Bank of Baroda  4. Bank of India  5. Bank of Maharashtra  6. Canara Bank  7. Central Bank of India  8. Corporation Bank  9. Dena Bank  10. IDBI  11. Indian Bank  12. Indian Overseas Bank  13. Oriental Bank of Commerce  14. Punjab and Sind Bank  15. Punjab National Bank  16. State Bank of Bikaner & Jaipur  17. State Bank of Hyderabad  18. State Bank of India (SBI)  19. State Bank of Mysore  20. State Bank of Patiala  21. State Bank of Travancore  22. Syndicate Bank   23. UCO Bank  24. Union Bank of India  25. United Bank of India  26. Repco Bank

New private-sector banks

HDFC Bank
ICICI Bank
Kotak Mahindra Bank
Yes Bank
IndusInd Bank
ING Vysya Bank
City Union Bank
South Indian Bank
HPD Benefit Fund Ltd (A Quasi Bank)

Foreign banks operating in India

• ABN AMRO Bank N.V. (Now merged with RBS)(Applied for withdraw of Retail Bank License)
• Abu Dhabi Commercial Bank
• American Express Bank
• Australia and New Zealand Bank
• Bank Internasional Indonesia
• Bank of America NA
• Bank of Bahrain and Kuwait
• Bank of Ceylon
• Bank of Nova Scotia (Scotia Bank)
• Bank of Tokyo Mitsubishi UFJ
• Barclays Bank PLC
• BNP Paribas
• Calyon Bank
• Chinatrust Commercial Bank
• Citibank N.A.
• Credit Suisse
• CommonWealth Bank Of Australia (Recently Launches Retail Services in Mumbai)
• DBS Bank
• DCB Bank now RHB Bank
• Deutsche Bank AG
• FirstRand Bank
• HSBC
• JPMorgan Chase Bank
• Krung Thai Bank
• Mashreq Bank psc
• Mizuho Corporate Bank
• Royal Bank of Scotland
• Shinhan Bank
• Société Générale
• Sonali Bank
• Standard Chartered Bank
• State Bank of Mauritius
• UBS
• VTB