Reserve Bank Of India

Reserve Bank Of India has about 24 branches spread across India. RBI is currently one of about 160 banks (Nationalised, Private, Co-Operative and Foreign) in India.

Below given is the list of states where Reserve Bank Of India currently have branches. Click on any of the states to find the IFSC code of RBI in the state.

About Reserve Bank Of India

Reserve Bank of India The Reserve Bank of India was established on April 1, 1935 in accordance with the provisions of the Reserve Bank of India Act, 1934. The Central Office of the Reserve Bank was initially established in Calcutta but was permanently moved to Mumbai in 1937. The Central Office is where the Governor sits and where policies are formulated. Though originally privately owned, since nationalisation in 1949, the Reserve Bank is fully owned by the Government of India.The Reserve Bank of India (RBI) has asked banks to develop a unique system of customer identification across the banking system. This could be accessed by all banks while vetting loan proposals. The move follows concern on the multiple lending model, one in which a customer can avail of loans from multiple lenders. Limited knowledge on borrowers’ credit histories has been a challenge for banks.RBI said it expected banks to use credit bureau information not just for retail borrowers, but for corporate houses as well. “Commercial banks are increasingly using information from the credit bureau to extend more loans to retail investors than to companies. The impression we had sometime back was this was used actively for retail, not so much for corporates,” Anand Sinha said.