Protocol & Security officer. of genuine currency notes. Persons resident in India have to simply approach the Authorised Persons for their foreign exchange needs. Issue Department.
chests and their withdrawal and disposal through a mechanised and eco-friendly Maintaining the Reserve Bank’s Data Warehouse and disseminating data/information. Acts as a nodal department for the Bank to act as a lender of the last resort. The central bank of the country is the Reserve Bank of India (RBI). The process of enforcement action entails issuance of show cause notice to the regulated entity and providing it with a reasonable opportunity of being heard in line with the principle of natural justice involving ‘due process’.
(i) the Banker’s Training College, Bombay, (ii) the College of Agricultural Banking, Pune, (iii) the Reserve Bank Staff College, Madras. ; and. Following the formation of the Financial Stability and Development Council (FSDC), FSU provides the Secretariat to the Sub-Committee of the FSDC which is headed by the Governor. The assessments are carried out by persons unconnected with the operations/process being assessed. The Department is tasked with the mandate of providing an independent and objective assurance/feedback on the operations/working of the offices of the Reserve Bank. Mumbai 400001 Activities related to broad policy formulation for IT Architecture in the Bank, Information Security and the Implementation of these policies. The department also keeps liaison with the Agricultural Refinance and Development Corporation, the Agricultural Finance Corporation, SCBs and LDBs. Compiles sector-wise and industry-wise bank credit data. monitors customer service to the public in this regard. manner. The process provides comfort to individuals and corporates that have inadvertently contravened FEMA while taking serious view of wilful, mala fide and fraudulent transactions. The Department undertakes off-site monitoring as well as on-site evaluation, wherever necessary.
For... 3. RBI is also empowered to initiate penal action against regulated entities under Section 30 of the Payment & Settlement Systems Act, 2007, Section 22 of Factoring Regulation Act, 2011, Section 25 of Credit Information Companies (Regulation) Act, 2005 and Section 30A of SARFAESI Act, 2002. (ii) Institutes funded by the Bank. The Internal Audit function constitutes a key dimension in the Reserve Bank's governance architecture. The Department is also responsible for the Reserve Bank’s external services and relations including on matters of technical cooperation with other central banks. Banking Department: If you are at an office or shared network, you can ask the network administrator to run a scan across the network looking for misconfigured or infected devices. There are 14 branches of the Banking Department, each headed by a Joint/Deputy Manager. Privacy Policy 8. The Reserve Bank of India’s Vigilance unit is under the overall charge of the Chief Vigilance Officer (CVO).
Payment and settlement systems in India includes cheque based clearing systems, Electronic Clearing Service (ECS) suite, National Electronic Funds Transfer (NEFT) System, electronic payments using debit and credit cards, prepaid payment instruments, mobile banking, internet banking, etc.
chests, and monitoring their operations.
To create institutional memory by building a database of 'loss' and 'near loss' events. Presently, a three-member Committee of Executive Directors adjudicates the matter and passes a speaking order.
licensing, branch expansion and maintenance of statutory reserves, management and methods of operations, amalgamation, reconstruction and liquidation of banking companies. Central Office Building, 20th floor
It allocates capital budgets to Regional Offices and monitors high- value works/projects of Estate Departments across the country, keeping in mind ecological and environmental concerns. Completing the CAPTCHA proves you are a human and gives you temporary access to the web property. For the conduct of monetary transactions, the country has been divided into 14 circles of issue, each having an Office of Issue — the branch of the Issue Department.
The Department is responsible for participation in international fora and for supporting the top Management’s interactions in this area, as also to facilitate their involvement of the institution in international economic cooperation. Under compounding the contravener has the option of voluntarily admitting to the contravention, pleading guilty and seeking redressal.
Department of External Investments and Operations. Legal Cell. The Department of Supervision carries out the mandate of supervising all scheduled commercial banks (excluding Regional Rural Banks), Local Area Banks, Payments Banks, Small Finance Banks, Credit Information Companies, Primary Urban Cooperative Banks, Non-Banking Financial Companies, Asset Reconstruction Companies, Factoring companies and All India Financial Institutions (AIFIs) within the legal framework of the Banking Regulation Act, 1949, the Reserve Bank of India Act, 1934, the Credit Information Companies (Regulation) Act, 2005, Securitisation and Reconstruction of Financial Assets and Enforcement of Security Interest Act, 2002 and Factoring Regulation Act, 2011. This Department was entrusted with the responsibility of the supervision, control and development of the commercial bank system in the country.
The Credit Planning and Banking Development Cell have been constituted for the formulation and monitoring of credit policies as well as the developmental aspects of commercial banking. Undertaking forward-looking surveys on macroeconomic changes and expectations for monetary policy formulation.
Although regulated by RBI, the Housing Finance Companies (HFCs) and various Rural Cooperative Banks are not supervised by RBI. Subscription, Consumer Education and Protection Department, Department of Economic and Policy Research, Department of External Investments and Operations, Department of Government and Bank Accounts, Department of Payment and Settlement Systems, Department of Statistics and Information Management, Financial Markets Operation Department, Financial Markets Regulation Department. You may visit to the website for more details. The primary activities of the department include: Regulation and development of the money, government securities, foreign exchange markets and related derivative markets; Regulation and supervision of financial benchmarks for interest rates and foreign exchange markets; Development work related to financial market infrastructure for the money, government securities, foreign exchange markets and related derivative markets, including trade repository for over-the-counter(OTC) derivative transactions; Oversight / surveillance of the money, government securities, foreign exchange markets and related derivative markets; and. The department has four Regional Offices at Chennai, Kolkata, Mumbai and New Delhi. Preparing research notes on current issues in international economic cooperation. The Cash Department deals with the cash transactions. These are carried out either at the directions of Central Board/Audit and Risk Management Sub-Committee (ARMS)/Information Technology Sub-Committee (ITSC)/Top Management or on receipt of request from the Business Owner Departments/User Departments/Department of Information Technology (DIT) or as felt necessary by the Department considering the criticality/importance of operations/systems.
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