The Reserve Bank of India is now 35 years old. Relatively to some of the oldest Central
Banks, such as the Riksbank of Sweden and the Bank of England which date back to the
17th century, the Reserve Bank is still a very young institution indeed. However, it is one
of the oldest central banks in the developing countries. Its formative years have been
eventful. Its efforts to adapt central banking functions and techniques to an economy in
which modern banking was neither deep-rooted nor widespread, the special
responsibilities including those of exchange control that it was called upon to shoulder
with the outbreak of World War II in the very first decade of its existence, its
transformation from a privately owned institution to a nationalized undertaking, its new
role in the economy with the advent of independence -all these make the Bank’s initial
years of special interest. The Bank therefore felt that it would not be too soon for a
history of its earlier years to be written.
Author(s): C. D. Deshmukh, Shri J. J. Anjaria, Shri R.G. Saraiya, Bhabatosh Datta
Publisher: Reserve Bank of India
Year: 2005
Language: English
Pages: 915
Tags: RBI,Reserve Bank of India
1
Genesis of
Central Banking in India
2
Currency, Exchange and
Banking Prior to 1935
3
The Reserve Bank of India Act
4
The Beginnings
5
Early Central Banking Policies
and Operations
6
Emerging Role as a Bankers’ Bank
7
First Steps in Agricultural
Finance
8
Governors, Government, Board
and Shareholders
9
Organisation, Management
and Allied Matters
10
The Pattern and Consequences
of War Financing
11
War-Time Central Banking
Operations
12
Exchange Control
13
Repatriation of Sterling Debt
14
Participation in Post-War
Currency Plans
15
Commercial Banking
Developments
16
Policies in the Sphere of
Agricultural Credit
17
Changes in the Bank’s
Organisation and Status
18
The Bank And The Partition
19
International Financial Institutions
and Sterling Balances
20
Exchange Control And
Management
21
Monetary Management And
Allied Issues
22
A Commercial Bank Regulation
Act At Last
23
Progress in the Sphere of
Agricultural Credit
24
The Bank As An Employer
