Hello Aspirants. Welcome to Daily Jankari Current Affairs in Dailyjankari.com. Here we are giving Current Affairs covering important events, which is common for Civil Services, SSC, CDS, Railways, MBA, CLAT, all the bank exams and other state level competitive exams.

January 1, 2016
  • Monetary Authority: Maintaining price stability, ensuring adequate flow of credit to the productive sectors of the economy to support economic growth and ensure financial stability.


  • Regulator and supervisor of the financial system: Prescribes broad parameters of banking operations within which the country’s banking and financial system functions.


  • Manager of foreign exchange: Facilitates 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.


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


  • Banker to the Govt: Performs merchant banking function for the Central and the State governments and also acts as their banker.


  • Banker to banks: Maintains banking accounts ofa11 scheduled banks. The Reserve Bank provides products and services for the nation’s banks similar to what banks offer their own customers.


  • Non-interest earning current accounts: Banks hold accounts with the Reserve Bank based on certain terms and conditions, such as, maintenance of minimum balances. They can hold accounts at each of our regional offices. Banks draw on these accounts to settle their obligations arising from inter-bank settlement systems. Banks can electronically transfer payments to other banks from this account, using the Real Time Gross Settlement System (RTGS).


  • Deposit Accounts Department: This department’s computerised central monitoring system helps banks manage their funds position in real time to maintain the optimum balance between surplus and deficit centres.


  • Remittance facilities: Banks and govt departments can use these facilities to transfer funds.


  • Lender of the last resort: The RBI provides liquidity to banks unable to raise short-term liquid resources from the inter-bank market. Like other central banks, the RBI considers this a critical function because it protects the interests of depositors, which, in turn, has a stabilising impact on the financial system and on the economy as a whole.


  • Loans and advances: The RBI provides short-term loans and advances to banks/financial institutions, when necessary, to facilitate lending for specified purposes.