Reserve Bank of India - Kolkata

The Kolkata Regional Office of India's Central Bank.

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. Until the Monetary Policy Committee was established in 2016,[6] it also controlled monetary policy in India.[7] It commenced its operations on 1 April 1935 in accordance with the Reserve Bank of India Act, 1934.[8] The original share capital was divided into shares of 100 each fully paid .[9] Following India's independence on 15 August 1947, the RBI was nationalised on 1 January 1949. It is a member bank of the Asian Clearing Union. The general superintendence and direction of the RBI is entrusted with the 21-member central board of directors: the governor; four deputy governors; two finance ministry representatives (usually the Economic Affairs Secretary and the Financial Services Secretary); ten government-nominated directors to represent important elements of India's economy; and four directors to represent local boards headquartered at Mumbai, Kolkata, Chennai and the capital New Delhi. Each of these local boards consists of five members who represent regional interests, the interests of co-operative and indigenous banks. The central bank is an independent apex monetary authority which regulates banks and provides important financial services like storing of foreign exchange reserves, control of inflation, monetary policy report till August 2016. A central bank is known by different names in different countries. The functions of a central bank may vary from country to country and are autonomous or body and perform or through another agency vital monetary functions in the country. A central bank is a vital financial apex institution of an economy and the key objects of central banks may differ from country to country still they perform activities and functions with the goal of maintaining economic stability and growth of an economy. The bank is also active in promoting financial inclusion policy and is a leading member of the Alliance for Financial Inclusion (AFI). The bank is often referred to by the name 'Mint Street'. RBI is also known as banker's bank.

The Reserve Bank of India is the Central Bank of India, having its headquarters at Mumbai. This one is the Regional Office in Kolkata established in April 1,1935. Its function is 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. Mrinal Kumar Bhattacharyya's workplace for 34 years (May 7,1973-May 4,2007)...in his words,one of the greatest places in the world to work in,"royal employers",he said

The Reserve Bank of India is the central banking institute controlling the monetary policy of the Indian rupee. The building greets you with a majestic door, and the building is equipped with state of the art services for all your financial needs.

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.The RBI has four regional representations: North in New Delhi, South in Chennai, East in Kolkata and West in Mumbai.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 . Staffs are friendly. But if you go to change torn or damage notes take time.

I came here on a quest to find 10 Rupees or 20 Rupees Coins/Notes as I needed small change for a tour. Outside there were two Queues, one for Soiled/Torn Note replacement and one for Denomination exchange like me. Fellow people in my queue, were mostly brokers with lakhs of rupees in Gunny bags. They were polite and allowed me to stand ahead as I had a mere 2000 rupees to change. The Issue Department, functions in the Main Hall of this majestic edifice from 1000 hours to 1400 hours, so kindly adhere to the timings. Once inside, CISF guards will scan your bags and mobile phones in airport style. You will be issued a token and stand in a designated queue. ₹10 note printing has stopped as of 2021, ₹10 Coin Pouches, ₹20 Coins/Notes, ₹50 Notes and ₹100 Notes are available as of 24 December, 2021.

Regional office of RBI in Kolkata

The Reserve Bank of India is the biggest bank in India. It was started in the year 1935. It is the issuer of currency in the country. It also keeps a record of all the transactions made by the government. It also provides loan to the government. It is open on all the seven days of the week.