Reserve Bank of India(RBI): भारतीय रिज़र्व बैंक

Establish: 1^st April 1935

Nationalize: 1^st Jan 1949 (According to Act 1948) Reserve Bank of India

Headquarter: Mumbai

Paid-up Capital: 5cr

RBI 1^st Governor: O. Smith

1^st Indian Governor: C D Deshmukh Reserve Bank of India

Financial Year: 1^st July to 31^st June

Minimum Reserve System: 200cr = 115cr (Gold) + 85cr (Foreign Currency)

The Reserve Bank of India, often referred to as the RBI, holds a prominent place in India’s financial history. Established on April 1, 1935, under the RBI Act, it was nationalized in 1949. Its primary mission is to oversee India’s monetary policy, regulate the country’s banking sector, and manage foreign exchange reserves. Over the years, the RBI has played a pivotal role in fostering economic stability and development.

The RBI’s journey began with Sir Osborne Smith as its first Governor, and it has been guided by illustrious individuals like C. D. Deshmukh and Benegal Rama Rau, who made significant contributions to India’s financial system. It has witnessed various phases and transformations, adapting to the ever-changing economic landscape. The RBI has been instrumental in introducing key financial reforms, such as the nationalization of banks in 1969 and the introduction of the Indian Financial Code.

In recent years, the RBI has been at the forefront of digital transformation, emphasizing the promotion of a cashless economy and ensuring the security of digital transactions. Its role during the COVID-19 pandemic as a stabilizing force in the financial sector has been crucial, with measures like loan moratoriums and liquidity support.

• In 1926 “John Hilton Young Commission” recommended to the government to establish a central bank for India. Reserve Bank of India
• John Hilton Young Commission is also known as “Royal Commission” on Indian currency and finance.
• In 1934 RBI (Reserve Bank of India) Act was passed.  reserve bank of India

Board of Director of RBI: Reserve Bank of India

Total Member: 21 Reserve Bank of India

Governor: 1

Deputy Governor: 4 (2 deputy governor appointed by RBI, 1 Deputy governor by the government and 1 Deputy governor is an officer of Commercial Bank)

Director: 4 (Head of a local/zone of RBI)

Director: 10 (Experts & Different Fields)

Government Employee: 2 (Generally, 1 Secretory of Finance Minister)

The function of RBI:

• Prices stability in credit control through monetary policy
• As currency authority
• Regular and supervisory function
• Bankers to the bank
• Bankers to the government
• Foreign exchange manager
• OMO (Open Market Operation)

RBI Policy:

Financial Inclusion, KYC-Norms, Micro-Finance, Banking Oman cements, NPA, CAR, BASEL-Norms, Bank Assurance, Negotiable Instrument Act., Bank Customer Relationship etc.

There are five regularizes bodies in India: Reserve Bank of India

1. FMC – Forward Market Commission – Commodity Market
2. SEBI – Securities and Exchange Board of India – Capital market regulator
3. IRDA – Insurance Regulatory and Development Authority – Insurance Regulator
4. PFRDA – Pension Fund Regulatory and Development Authority – Pension Regulator
5. Money Market Regulator

There are four Printing Press(notes) in the country: RBI

• Nasik (Maharashtra) – Currency note press, India Security Press
• Devas (Madhya Pradesh) – Banknote press
• Mysore (Karnataka) – Currency note press
• Salboni (West Bengal) – Currency note press

1. Security Paper Mill: Hoshangabad (Madhya Pradesh)
2. Security Printing Press: Hyderabad (Andhra Pradesh)

Local Board of RBI:

• Northern Zone: Delhi
• Southern Zone: Chennai
• Eastern Zone: West Bengal (Kolkata)
• Western Zone: Mumbai
• Total Regional Office: 19
• Total Sub Regional Office: 09

Note:

• RBI held 6 meeting in a year. There should be held 1 meeting in 3 months to review of monetary policy.
• Rs 2 to 10000 notes are issued by RBI and Rs. 1-rupee note is issued by Finance Minister
• The denomination of note is written in 15 languages.

In a nutshell, the Reserve Bank of India has a rich and dynamic history, shaping the nation’s economy and financial system. From its inception in 1935 to its significant role in today’s digital age, the RBI continues to be a pillar of strength, fostering economic stability and progress. Its journey reflects the evolution of India’s financial sector, and its legacy continues to influence the nation’s economic future.

Indian economy is based on agriculture and more than 75% of Indian citizens work in agriculture sector. You may also know this, Agriculture has begun to be done in a modern way at present Where tractor has a indispensable role. owing to this, the competition has now started to bring a tractor among the farmers. Those who are rich farmers take it easily but those who are a pauper farmer. They do not have as much money. So that he could buy a tractor. Which is why they think of taking the farmer tractor loan owing to less information they can not get the best advantage of the loan. Tatkal Tractor Loan

Today, how will you get Tractor? Which bank can you provide Tractor Loan? I am sharing information about all important things for tractor Loan. You can read our tractor loan information complete today. Thereby, you can not get much trouble in taking loan. First of all know this. Who is eligible for this loan.

Who can take a tractor loan?  What is eligibility?

1. Anyone can take a tractor loan. If you are not a farmer and you want to take a tractor loan you can also get it. Now you do not have to worry.
2. You can take the loan from any bank. If you take this loan from SBI(State Bank of India), you must have at least two acres of land then only  SBI Bank provides you this loan. These are their condition.
3. You must have enough income to pay for the loan. Your annual income should be at least 1.5 lakh rupees in SBI Female Strength Loan.

What is the interest rate in a tractor loan?

The SBI tractor loans an intrest rate of around 12% on the loan. Let us understand this from the table.

Margin

Effective interest rate (% annual)

How much can get a tractor loan?

1. There is the same rule in all the vehicle loan terms. In this you will not get the entire value of the tractor. You have to put some money on your behalf.
2. The rules of each bank or financial institution can be different about this. But you have to bring the value of 15-20% in your own way.
3. In SBI, you can get a loan up to 85% of the price of the tractor.

What are the documents you required for a tractor loan?

All banks take the same documents. But a bank can take a separate document. We are telling you about the necessary documents.

1. Fully filled application form
2. 3 new passport size photos
3. Identity proof – Voter ID card / PAN card / Passport / Aadhaar card / Driving license etc.
4. Address proof: Voter Identity Card / Passport / Aadhar Card / Driving License etc.
5. Documentary proof of land, Whose land is in the name of.
6. Quotation of the tractor issued to the customer by the dealer

Before disbursement

1. Loan documents
2. 48 or 60 answers dated check

After disbursement

1. RC Book  in favor of bank
2. Original invoice / bill issued to the customer by the dealer
3. Comprehensive insurance copy

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Features of SBI Tractor Loan

1. The bank gives you a mortgage-free tractor loan.
2. Approval within only 48 hours (TAT)
3. Sbi gives you Rs. Free accident insurance cover of 4.00 lakhs gives protection. If you get an accident, then you get Rs 4.00 lakh.
4. In SBI, you get a loan at a lower interest rate than the other bank.
5. It does not charge any processing fee from you. Many banks charge 2% on the tractor loan.
6. Provides a special type of repayment facility. (Monthly / Quarter / Half Yearly)

Do you have to give some security for a tractor loan?

If you talk about tractor loan security then You ask the Reserve Bank of India (SBI) to mortgage the land of value of loan.

Some banks ask you to pledge some land. There are also some banks which do not ask for security until the loan is paid, the tractor keeps them hypothecate.

With the HDFC Bank and Mahindra Finance, you do not need to pledge the land.

How do you know about this Tractor Loan? If you like this information, then you must share this information with your friends and with the help of which your friends can also get this important information. If you have any questions related to Tractor Loan, you can send a mail to us. We will definitely reply of your mail.

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Public Sector Bank(PSB):

Public sector banks are those banks in which the majority stake is held by Government of India. bank taglines in India

1. PSB together make the largest categories of Indian Banking System.
2. Currently, 22 PSB are working In India. Public Sector Bank List

Here, I am sharing Public Sector Bank List and When Public Sector Bank (PSB) established. nationalize bank list

Bank taglines in India:

PUBLIC SECTOR BANKS THEIR HEADQUARTERS AND TAGLINE: Public Sector Bank List

bank taglines in India

Headquarter: Mumbai

CEO: click here

Key Points of idbi bank

Merger of IDBI Home Finance Ltd. and IDBI Gilts with IDBI Bank Ltd. – April 26, 2011

Change of name of IDBI Ltd. to IDBI Bank Ltd – May 07, 2008

Merger of United Western Bank with IDBI Ltd – October 03, 2006

Industrial Development Bank of India Limited – September 27, 2004 (working as Commercial Bank) vision of idbi bank

Industrial Development Bank of India (IDBI) – July 01, 1964

1. Headquartered in Mumbai, IDBI Bank today rides on the back of a robust business strategy, a highly competent and dedicated workforce and a state-of-the-art information technology platform, to structure and deliver personalized and innovative Banking services and customized financial solutions to its clients across various delivery channels.
2. As a Universal Bank, IDBI Bank, besides its core banking and project finance domain, has an established presence in associated financial sector businesses like Capital Market, Investment Banking, and Mutual Fund Business. Going forward, IDBI Bank is strongly committed to work towards emerging as the ‘Bank of choice’ and ‘the most valued financial conglomerate’, besides generating wealth and value to all its stakeholders. vision of idbi bank

Vision of idbi bank

To be the most preferred and trusted bank enhancing value for all stakeholders

Mission of idbi bank

1. Delighting customers with our excellent service and comprehensive suite of best-in-class financial solutions;
2. Touching more people’s lives with our expanding retail footprint while maintaining our excellence on corporate and infrastructure financing;
3. Continuing to act in an ethical, transparent and responsible manner, becoming the role model for corporate governance
4. Deploying world class technology, systems and processes to improve business efficiency and exceed customer’s expectations Mission of Idbi bank
5. Encouraging a positive, dynamic and performance-driven work culture to nurture employees grow them and build a passionate and committed work force;
6. Expanding our global presence Mission of Idbi bank
7. Relentlessly striving to become a greener bank vision of idbi bank