Introductory Presentation
Prabhuti Samal,
Reserve Bank of India
Outline of Presentation
• Indian Economy overview in brief
• Banking sector in India in brief
• Organization structure of Reserve Bank of India ( RBI) • My
role and responsibilities
• Issues and challenges faced by RBI
• Recent Initiatives by RBI to
mitigate COVID-19 Challenges •
Areas of interest in the Program
GDP Growth: Y-o-Y and 3-Quarter MA-
SAAR
Indian
economy
review
Growth in Industrial Production
Movements in
Headline Inflation
Banking Sector in India
Structure -
RBIOrganisatio
n
Reserve Bank of
India – Main
Functions 1. Issue of bank
notes and coins.
2. Acts as monetary authority and
formulates, implements and monitors the
3. Regulation and supervision of the
financial system(banks, Non-Bank 4. Regulation and supervision of the payment and
settlement systems. 5. Acts as Manager of foreign exchange.
6. Maintaining and managing the country’s foreign exchange reserves. 7. Acting as
the banker to banks and the governments.
8. Acting as the debt manager of the governments.
9. Developmental functions to support national objectives.
monetary policy.
Financial Companies-NBFCs).
1. Central Vigilance Cell
2. Consumer Education and Protection Department
3. Corporate Strategy and Budget Department
4. Department of Communication
5. Department of Currency Management
6. Department of Economic and Policy Research 7. Department of External Investments and Operations
8. Department of Government and Bank Accounts
9. Department of Information Technology
10. Department of Payment and Settlement Systems
11. Department of Regulation
Departments of RBI
12. Department of Statistics and Information Management
13. Department of Supervision
14. Enforcement Department 16. Financial Markets Operations Department
15. Financial Inclusion and Development Department
17. Financial Markets Regulation Department
18. Financial Stability Unit .
19. Foreign Exchange Department .
20. Human Resource Management Department
21. Inspection Department
22. Internal Debt Management Department
23. International Department
24. Legal Department
25. Monetary Policy Department
26. Premises Department
27. Rajbhasha Department
28. Risk Monitoring Department
29. Secretary’s Department
Key Policy and Money Market Rates
Liquidity Management
Durable Liquidity Injections
Credit -
Deposit Ratio
RBI Medium term
Strategy Framework -
Utkarsh 2022
For re-articulating its
mission statement, core
purpose and values,setting goals
and milestones to fulfil its core
purposes. These goals andmilestones feed into the following visions set
by the Reserve Bank for
the medium-term: • Vision 1: Excellence in
performance of statutory and other functions. • Vision 2: Strengthened trust of citizens
and other institutions in the RBI. • Vision 3: Enhanced relevance and significance in
national and global roles.
• Vision 4: Transparent, accountable and ethics driven internal governance. • Vision 5:
Best-in-class and environment friendly digital as well as physical infrastructure.
• Vision 6: Innovative, dynamic and skilled human resources.
My roles and responsibilities banks,
in RBI • Assessment of compliance
• Assessment of Governance framework in banks• Risk based
frameworks including risk
management and audit functions in Supervision of banks • Targeted
banks. scrutiny for specific issues • Quality
• Asset Quality Review in banks to assurance functions
assess quality of credit portfolio in
• Capacity building and skill
development regulatory guidelines and review of
• Part of internal groups to review supervisory frameworks
Issues and challenges
• International Financial Reporting Standards particularly IFRS -9 implementation in
Banks – ECL provisioning
• Credit growth and greater transmission of monetary policy • Inflation
Targeting
• Resolution of Non-Performing Loans in Banking System • challenges from the
evolution of cryptocurrency.
• Coordination Between Fiscal Policy and Monetary Policy •
Increasing frauds in banking system • Fintech regulation and
Supervision
• Cybersecurity
• Challenges due to Digitalisation transformation
• Liquidity Measures for COVID- 9 (Targeted Long Term Repo, Refinancing All India
Recent Initiatives by RBI
• Accommodative stance to revive growth and mitigate the impact of COVID-19
FIs, Raising Limit of Ways and Means Advances)
• Resolution Framework for COVID-19 ( Moratorium and restructuring)
• Basel III Capital Regulations relaxations (activation of Countercyclical Capital
BufferLowering of Liquidity Coverage Ratio requirement)
• Restructuring of Advances to MSMEs
• Draft Framework for Authorization of Pan-India Umbrella Entity for Retail Payments• Draft
Framework Self-Regulatory Organization for Payment System Operators • pilot scheme to
be conducted for small value payments in off-line mode • Creation of the Reserve Bank
Innovation Hub
Thanks
