Sarkari Naukri - Sarkari Results - Admit Card 2017

RBI Recruitment 2017 – 01 Post – Officer

RBI Reserve Bank of India is India’s central banking institution, which controls the monetary policy of the Indian rupee. It commenced its operations on 1 April 1935 during the British Rule in accordance with the provisions of the Reserve Bank of India Act, 1934. The original share capital was divided into shares of 100 each fully paid, which were initially owned entirely by private shareholders. Following India’s independence on 15 August 1947, the RBI was nationalized on 1 January 1949.

Latest Jobs

  • Officer – Graduate – Posted Date 24-Jul-2017
  • Director – Post Graduate – Posted Date 24-Jul-2017
  • Legal Consultant – C/D – Graduate – Posted Date 22-Jul-2017
  • Legal Consultant-F – Graduate – Posted Date 22-Jul-2017
  • PhDs – Post Graduate – Posted Date 22-Jul-2017
  • RBI Fullform Reserve Bank of India
    Headquarters Mumbai, Maharashtra
    Established 1 April 1935; 81 years ago
    Governor Urjit Patel
    Central bank of  India
    Currency Indian rupee
    Products Airports
    Address C/o CGM and Secretary, Secretary’s Department, Reserve Bank of India
    16th floor, Central Office Building, Shahid Bhagat Singh Marg, Mumbai – 400 001
    Website www.rbi.org.in

    The RBI plays an important part in the Development Strategy of the Government of India. It is a member bank of the Asian Clearing Union. The general superintendence and direction of the RBI are entrusted with the 21-member Central Board of Directors: the Governor, 4 Deputy Governors, 2 Finance Ministry representatives, 10 government-nominated directors to represent important elements of India’s economy, and 4 directors to represent local boards headquartered at Mumbai, Kolkata, Chennai and New Delhi. Each of these local boards consists of 5 members who represent regional interests, the interests of co-operative and indigenous banks.

    A 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. A Central Bank is known by different names in different countries. The functions of a Central Bank vary from country to country and are an autonomous or quasi-autonomous 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 the country still they perform activities and functions with the goal of maintaining economic stability and growth of an economy.The bank 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.

    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.”

    Structure of RBI: The Central Board of Directors is the main committee of the Central Bank. The Government of India appoints the directors for a 4-year term. The Board consists of a Governor, and not more than 4 Deputy Governors, 4 Directors to represent the regional boards, 2 from the Ministry of Finance and 10 other directors from various fields. RBI wants to create a post of Chief Operating Officer (COO) and re-allocate work between the five of them(4 Deputy Governor and COO).

    The bank is headed by the Governor and the post is currently held by economist Urjit Patel. There are 4 Deputy Governors R Gandhi, S S Mundra, N S Vishwanathan and Viral Acharya. Two of the four Deputy Governors are traditionally from RBI ranks and are selected from the Bank’s Executive Directors. One is nominated from among the Chairpersons of public sector banks and the other is an economist. An Indian Administrative Service officer can also be appointed as Deputy Governor of RBI and later as the Governor of RBI as with the case of Y. Venugopal Reddy. Other persons forming part of the central board of directors of the RBI are Dr. Nachiket Mor, Y C Deveshwar, Prof Damodar Acharya, Ajay Tyagi and Anjuli Duggal.

    Main Functions of RBI;

    Monetary Authority:

    • Formulates, implements and monitors the monetary policy.
    • Objective: maintaining price stability and ensuring adequate flow of credit to productive sectors.

    Regulator and supervisor of the financial system:

    • Prescribes broad parameters of banking operations within which the country’s banking and financial system functions.
    • Objective: maintain public confidence in the system, protect depositors’ interest and provide cost-effective banking services to the public.

    Manager of Foreign Exchange

    • Manages the Foreign Exchange Management Act, 1999.
    • Objective: to facilitate external trade and payment and promote orderly development and maintenance of foreign exchange market in India.

    Issuer of currency:

    • Issues and exchanges or destroys currency and coins not fit for circulation.
    • Objective: to give the public adequate quantity of supplies of currency notes and coins and in good quality.

    Developmental role: Performs a wide range of promotional functions to support national objectives.
    Related Functions:

    • Banker to the Government: performs merchant banking function for the central and the state governments; also acts as their banker.
    • Banker to banks: maintains banking accounts of all scheduled banks.

    Offices: RBI has 19 regional offices, most of them in state capitals and 9 Sub-offices.

    Training Establishments: RBI has five training establishments

    • Two, namely, College of Agricultural Banking and Reserve Bank of India Staff College are part of the Reserve Bank
    • Others are autonomous, such as National Institute for Bank Management, Indira Gandhi Institute for Development Research (IGIDR), Institute for Development and Research in Banking Technology (IDRBT)

    Subsidiaries: Fully owned Subsidiaries of RBI are: Deposit Insurance and Credit Guarantee Corporation of India(DICGC), Bharatiya Reserve Bank Note Mudran Private Limited(BRBNMPL), National Housing Bank(NHB)

    • Deposit Insurance and Credit Guarantee Corporation of India(DICGC)
    • Bharatiya Reserve Bank Note Mudran Private Limited(BRBNMPL)
    • National Housing Bank(NHB)

    Central Board of RBI: The Reserve Bank’s affairs are governed by a central board of directors. The board is appointed by the Government of India in keeping with the Reserve Bank of India Act.

    • Appointed/nominated for a period of four years
    • Constitution:
      • Official Directors
        • Full-time: Governor and not more than four Deputy Governors
      • Non-Official Directors
        • Nominated by Government: ten Directors from various fields and two government Official
        • Others: four Directors – one each from four local boards

    RBI RECRUITMENT


    Officer – Graduate – Posted Date 24-Jul-2017

  • Designation Name : Officer
  • Date Posted : 24-Jul-2017
  • Last Date : 11-Aug-2017
  • Total Vacancies : 01
  • Location : All India(jobs in All India)
  • Details regarding Officer job post at RBI

  • Age Limit : Minimum & Maximum age limit is 26 to 35 years as on 01.07.2017
  • Age Relaxation: NA
  • Pay Scale : Rs. 62400/- Per Month
  • Nationality : Indian
  • Minimum Qualification: Minimum Graduation with first class (preferably in Economics ) and a Degree or Diploma in Journalism or Mass Communication or Public Relations of minimum one year duration conducted by reputed institutes. (graduate-jobs)
  • Selection Process : Selection will be based on Interview.
  • Application Fee : GEN / OBC Candidates have to pay Rs. 600/- and Rs.100/- for SC/ST/PWD through Debit Cards (RuPay/Visa/MasterCard/Maestro), Credit Cards, Internet Banking, IMPS, Cash Cards/ Mobile Wallets.
  • Application Mode : Apply Online
  • How To Apply : Interested candidates may apply Online through the website http://www.rbi.org.in from 24.07.2017 to 11.08.2017 till 11:59 PM thereafter website link will be disabled.
  • Important Dates for Officer at RBI

  • Application Opening Date : 24.07.2017
  • Application Closing Date : 11-Aug-2017
  • Last Date for Challan Generation : NA
  • Last Date for Payment of Fee : NA
  • Date of Exam : NA
  • Date of Interview : NA
  • Important Links

  • Online Apply Link : http://ibps.sifyitest.com/rbiphdbjul17/
  • Download Application Form :
  • Official Website URL : https://www.rbi.org.in/
  • Official Advertisement Link : https://rbidocs.rbi.org.in/rdocs/Content/PDFs/RPCCP20072017FF3BEE74A1474C63A157C1B589A71010.PDF
  • Detail Guidelines Link :
  • Qualification Detail Link :
  • Click here for more bank Jobs


    Director – Post Graduate – Posted Date 24-Jul-2017

  • Designation Name : Director
  • Date Posted : 24-Jul-2017
  • Last Date : 11-Aug-2017
  • Total Vacancies : 01
  • Location : All India(jobs in All India)
  • Details regarding Director job post at RBI

  • Age Limit : Minimum & Maximum age limit is 40 to 50 years as on 01.07.2017
  • Age Relaxation: NA
  • Pay Scale : Rs. 102350/- Per Month
  • Nationality : Indian
  • Minimum Qualification: Minimum Post Graduation with first class (equivalent to 60%) (preferably in Economics) and a Degree or Diploma in Journalism or Mass Communication or Public Relations of minimum one year duration conducted by reputed institutes. (post-graduate-jobs)
  • Selection Process : Selection will be based on Interview.
  • Application Fee : GEN / OBC Candidates have to pay Rs. 600/- and Rs.100/- for SC/ST/PWD through Debit Cards (RuPay/Visa/MasterCard/Maestro), Credit Cards, Internet Banking, IMPS, Cash Cards/ Mobile Wallets.
  • Application Mode : Apply Online
  • How To Apply : Interested candidates may apply Online through the website http://www.rbi.org.in from 24.07.2017 to 11.08.2017 till 11:59 PM thereafter website link will be disabled.
  • Important Dates for Director at RBI

  • Application Opening Date : 24.07.2017
  • Application Closing Date : 11-Aug-2017
  • Last Date for Challan Generation : NA
  • Last Date for Payment of Fee : NA
  • Date of Exam : NA
  • Date of Interview : NA
  • Important Links

  • Online Apply Link : http://ibps.sifyitest.com/rbiphdbjul17/
  • Download Application Form :
  • Official Website URL : https://www.rbi.org.in/
  • Official Advertisement Link : https://rbidocs.rbi.org.in/rdocs/Content/PDFs/RPCCP20072017FF3BEE74A1474C63A157C1B589A71010.PDF
  • Detail Guidelines Link :
  • Qualification Detail Link :
  • Click here for more bank Jobs


  • Designation Name : Legal Consultant – C/D
  • Date Posted : 22-Jul-2017
  • Last Date : 11-Aug-2017
  • Total Vacancies : 03
  • Location : All India(jobs in All India)
  • Details regarding Legal Consultant – C/D job post at RBI

  • Age Limit : Minimum & Maximum age limit is 30 to 40 as on 01.07.2017
  • Age Relaxation: NA
  • Pay Scale : Rs. 296500/- Per Month
  • Nationality : Indian
  • Minimum Qualification: Bachelor’s Degree in Law recognized by the Bar Council of India for the purpose of enrollment as an Advocate with a minimum of 50% marks or equivalent in the aggregate of all semesters/years with Post Graduate Degree in Law from a recognized university. (graduate-jobs)
  • Selection Process : Selection will be based on Interview.
  • Application Fee : GEN / OBC Candidates have to pay Rs. 600/- and Rs.100/- for SC/ST/PWD through Debit Cards (RuPay/Visa/MasterCard/Maestro), Credit Cards, Internet Banking, IMPS, Cash Cards/ Mobile Wallets.
  • Application Mode : Apply Online
  • How To Apply : Interested candidates may apply Online through the website http://www.rbi.org.in from 24.07.2017 to 11.08.2017 till 11:59 PM thereafter website link will be disabled.
  • Important Dates for Legal Consultant – C/D at RBI

  • Application Opening Date : 24.07.2017
  • Application Closing Date : 11-Aug-2017
  • Last Date for Challan Generation : NA
  • Last Date for Payment of Fee : NA
  • Date of Exam : NA
  • Date of Interview : NA
  • Important Links

  • Online Apply Link : http://ibps.sifyitest.com/rbiphdbjul17/
  • Download Application Form :
  • Official Website URL : https://www.rbi.org.in/
  • Official Advertisement Link : https://rbidocs.rbi.org.in/rdocs/Content/PDFs/ALO20072017266DFB5BEEC9477588DEBB6E50F79782.PDF
  • Detail Guidelines Link :
  • Qualification Detail Link :
  • Click here for more bank Jobs


  • Designation Name : Legal Consultant-F
  • Date Posted : 22-Jul-2017
  • Last Date : 11-Aug-2017
  • Total Vacancies : 02
  • Location : All India(jobs in All India)
  • Details regarding Legal Consultant-F job post at RBI

  • Age Limit : Minimum & Maximum age limit is 45 to 55 as on 01.07.2017
  • Age Relaxation: NA
  • Pay Scale : Rs. 445250/- Per Month
  • Nationality : Indian
  • Minimum Qualification: Bachelor’s Degree in Law recognized by the Bar Council of India for the purpose of enrollment as an Advocate with a minimum of 50% marks or equivalent in the aggregate of all semesters/years with Post Graduate Degree in Law from a recognized university. (graduate-jobs)
  • Selection Process : Selection will be based on Interview.
  • Application Fee : GEN / OBC Candidates have to pay Rs. 600/- and Rs.100/- for SC/ST/PWD through Debit Cards (RuPay/Visa/MasterCard/Maestro), Credit Cards, Internet Banking, IMPS, Cash Cards/ Mobile Wallets.
  • Application Mode : Apply Online
  • How To Apply : Interested candidates may apply Online through the website http://www.rbi.org.in from 24.07.2017 to 11.08.2017 till 11:59 PM thereafter website link will be disabled.
  • Important Dates for Legal Consultant-F at RBI

  • Application Opening Date : 24.07.2017
  • Application Closing Date : 11-Aug-2017
  • Last Date for Challan Generation : NA
  • Last Date for Payment of Fee : NA
  • Date of Exam : NA
  • Date of Interview : NA
  • Important Links

  • Online Apply Link : http://ibps.sifyitest.com/rbiphdbjul17/
  • Download Application Form :
  • Official Website URL : https://www.rbi.org.in/
  • Official Advertisement Link : https://rbidocs.rbi.org.in/rdocs/Content/PDFs/ALO20072017266DFB5BEEC9477588DEBB6E50F79782.PDF
  • Detail Guidelines Link :
  • Qualification Detail Link :
  • Click here for more bank Jobs


    PhDs – Post Graduate – Posted Date 22-Jul-2017

  • Designation Name : PhDs
  • Date Posted : 22-Jul-2017
  • Last Date : 11-Aug-2017
  • Total Vacancies : 03
  • Location : All India(jobs in All India)
  • Details regarding PhDs job post at RBI

  • Age Limit : Maximum age limit is 34 years as on 01.07.2017
  • Age Relaxation: NA
  • Pay Scale : Rs. 62400/- Per Month
  • Nationality : Indian
  • Minimum Qualification: Ph.D. in areas of Economics or Finance from reputed universities (Indian or Foreign) (post-graduate-jobs)
  • Selection Process : Selection will be based on Interview.
  • Application Fee : GEN / OBC Candidates have to pay Rs. 600/- and Rs.100/- for SC/ST/PWD through Debit Cards (RuPay/Visa/MasterCard/Maestro), Credit Cards, Internet Banking, IMPS, Cash Cards/ Mobile Wallets.
  • Application Mode : Apply Online
  • How To Apply : Interested candidates may apply Online through the website http://www.rbi.org.in from 24.07.2017 to 11.08.2017 till 11:59 PM thereafter website link will be disabled.
  • Important Dates for PhDs at RBI

  • Application Opening Date : 24.07.2017
  • Application Closing Date : 11-Aug-2017
  • Last Date for Challan Generation : NA
  • Last Date for Payment of Fee : NA
  • Date of Exam : NA
  • Date of Interview : NA
  • Important Links

  • Online Apply Link : http://ibps.sifyitest.com/rbiphdbjul17/
  • Download Application Form :
  • Official Website URL : https://www.rbi.org.in/
  • Official Advertisement Link : https://rbidocs.rbi.org.in/rdocs/Content/PDFs/RESEARCHE5F20DFEA5C44D69902E9E6881638267.PDF
  • Detail Guidelines Link :
  • Qualification Detail Link :
  • Click here for more bank Jobs

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