BANKING PART 1 | RBI, Functions of RBI, Narasimham Committee, Repo Rate | SSC CGL, HSSC, Railway

📚 *BANKING PART 1 | Banking Awareness for Competitive Exams* Welcome to **GS Simplified by Ashish**! 🎯 In this video, we cover *Banking Part 1* with important concepts and exam-oriented facts related to the *Reserve Bank of India (RBI)* and the Indian banking system. 📌 Topics Covered in This Video: 🔹 *Reserve Bank of India (RBI)* • Establishment of RBI – 1935 • RBI Act – 1934 • RBI commenced operations – 1 April 1935 • RBI headquarters shifted to Mumbai – 1937 • RBI nationalisation – 1 January 1949 • First Governor of RBI – Sir Osborne Smith • First Indian Governor – C. D. Deshmukh • RBI logo and important facts 🔹 *Central Board of Directors* • Composition of the Central Board • Governor and Deputy Governors • Non-official Directors • Government representatives • Local Board representatives 🔹 *Important RBI Facts* • Banking Ombudsman Scheme – 1995 • Repo Rate and Repurchase Agreement • Fixed-Rate Repo – 1997 🔹 *Lead Bank Scheme* • Introduction – December 1969 • Area Approach • Lead Bank and Lead District Manager (LDM) • Objectives of the scheme • Financial inclusion and rural credit 🔹 *Functions of RBI* • Regulator of Banks • Monetary Authority • Currency Issuing & Management Authority • Lender of Last Resort • Regulation of CRR and SLR • Monetary policy and credit management 🔹 *Narasimham Committee-I (1991)* • Banking sector reforms • Reduction of SLR and CRR • Prudential norms • Income Recognition • Asset Classification • Provisioning • Capital Adequacy Norms • Greater autonomy to banks • Entry of private sector banks • Competitive and efficient banking system 🔹 *Narasimham Committee-II (1998)* • Reduction of NPAs • Strengthening banking supervision • Consolidation and merger of banks • Asset Reconstruction Companies/Funds • Capital adequacy and risk management • Three-Tier Banking Structure 🔹 *Currency & Coin Management* 💵 Banknote printing centres: • Nashik – Maharashtra • Dewas – Madhya Pradesh • Mysuru – Karnataka • Salboni – West Bengal 🪙 Coin minting centres: • Mumbai • Hyderabad • Kolkata • Noida 🎯 Useful For: ✅ SSC CGL ✅ SSC CHSL ✅ SSC MTS ✅ HSSC CET ✅ HPSC ✅ Railway Exams ✅ Banking Exams ✅ UPSC & State PCS ✅ Defence Exams ✅ Other One-Day Competitive Exams This lecture is designed to help you understand **Banking Awareness concepts in a simple and exam-oriented manner**, with important facts frequently useful for competitive examinations. 📌 *Don't forget to LIKE 👍, SHARE ↗️ and SUBSCRIBE 🔔 to GS Simplified by Ashish for more GS, GK, Economics, History, Polity and Current Affairs content.* #BankingPart1 #RBI #BankingAwareness #NarasimhamCommittee #RepoRate #LeadBankScheme #SSCCGL #HSSC #Railway #BankingExams #GSsimplified #AshishMalik