List Of Reserve Bank Of India ifsc code and address of all bank branches in india Find Verified IFSC/MICR code .
Reserve Bank Of India IFSC Code & Details:
Reserve Bank of India (RBI) is the central bank and regulator of the entire Banking in India. The Bank controls the issue and supply of the Indian rupee and plays an important role in the Development Strategy of the Government of India. The Bank was established on April 1, 1935, though initially privately owned, it was nationalised in 1949. It regulates the functioning of the commercial and the non-commercial banks in India. The RBI is an independent monetary authority that provides important financial services.
The main purpose of the Reserve Bank is to supervise the financial institutions all over India in their services and other necessary functions. The various monetary policies in India are formulated and implemented by the bank. It is the responsibility of the bank to ensure stability in the price and proper flow of credit in the productive economic factors. The management of the foreign exchange under the Foreign Exchange Management Act is also done by the Reserve Bank. In order to promote the development and health of the foreign exchange market in India, the bank facilitates external trade and payment.
RBI acts as the main bank that issues the national currency in India. They even regulate the supply of the currency in the form of notes and coins among the public. RBI has also taken initiatives in restructuring the banks and in strengthening the role of the auditors. The bank acts as the banker of the Government. All the banking functions of the Centre and the State are performed by the Reserve Bank. Any of the financial advice to the Government is given by the Reserve Bank.
The Reserve Bank of India lends money to all the other commercial banks of India. It performs the same functions for a commercial bank, as a bank performs for its customers. It acts as the representative of the Government in the Indian MonetarY Fund.
State wise list of all Reserve Bank Of India branches
The following are the states, where Reserve Bank Of India has branch / branches. Select an individual state link to view list of districts, where this bank has branch / branches.