The Reserve Bank of India (RBI) is India’s central bank, which controls the issue and supply of the Indian rupee. RBI is the regulator of entire Banking in India. RBI plays an important part in the Development Strategy of the Government of India. RBI regulates commercial banks and non-banking finance companies working in India. It serves as the leader of the banking system and the money market. It regulates money supply and credit in the country. The RBI carries out India’s monetary policy and exercises supervision and control over banks and non-banking finance companies in India. RBI was set up in 1935 under the Reserve Bank of India Act,1934.
Sarkari Job Contents
Asst Vacancies 2020
Brief Information of this Sarkari Job in 2020
Reserve Bank of India (RBI) has published notification for the recruitment of Assistant vacancies. Those Candidates who are interested in the vacancy details & completed all eligibility criteria can read the Notification & Apply Online.
Vacancy Details of this Sarkari Job in 2020
| Sr. | Post Name | No.of Posts | Qualification | Age Limit |
|---|---|---|---|---|
| 1 | Assistant | 926 | Graduation (UG) with Relevant Experience | 20 to 28 Years |
Dates to Remember for this Govt. Job
| Start Date | 23-Dec-2019 |
| End Date | 24-Jan-2020 |
| Date of Advertisement | 26-Dec-2019 |
| Latest Update | 17-03-2020 |
| Last Date for Editing Application Details | 24-01-2020 |
| Last Date for Printing Your Application | 08-02-2020 |
| Tentative Date of Online Main Test | 29-03-2020 (postponed) |
| Tentative Date of Online Preliminary Test | 14 & 15-02-2020 |
Preamble
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.
History
The Reserve Bank of India was established following the Reserve Bank of India Act of 1934. Though privately owned initially, it was nationalised in 1949 and since then fully owned by Government of India (GoI).
Structure
The central board of directors is the main committee of the central bank. The Government of India appoints the directors for a four-year term. The board consists of a governor, and not more than four deputy governors; four directors to represent the regional boards; two — usually the Economic Affairs Secretary and the Financial Services Secretary — from the Ministry of Finance and ten other directors from various fields. The Reserve Bank — under Raghuram Rajan’s governorship — wanted to create a post of a chief operating officer (COO), in the rank of deputy governor and wanted to re-allocate work between the five of them (four deputy governor and COO).[
