RBI Recruitment 2020: Reserve Bank of India has advertised the Latest Jobs Notification for the Recruitment of Assistant Vacancies. As per the RBI Recruitment 2020, candidates having qualifications of Bachelor's Degree are eligible. Eligible and interested candidates can make use of the wonderful opportunity by applying online within the last date as noticed in the official notification. Job seekers and aspirants, who are willing to acquire the job may keep visiting our official web page for further job notifications over RBI as sequenced below. Hopeful candidates can also check other information like selection process, application fee and more details as described below.
Reserve Bank of India has announced the Recruitment Notification for the Medical Consultant Post with 14 Vacancies. Candidates who have completed the Graduation in Graduation in Medicine are eligible to Submit the Online Application for the RBI Recruitment Notification. However, Interested Candidates may check out the Notification details given below.
|Name of the Post||Qualification||Number of Posts|
Applicant age not more than 42 years
Selection Process: On the basis of Interview
Human Resource Management Department,
Reserve Bank of India,
Mumbai Regional Office,
Shahid Bhagat Sing Road,
Mumbai - 400001
|Official Notification & Application form||Click Here|
|Last Date for Submit Application||13th March 2020|
About Reserve Bank of India (RBI): Reserve Bank of India was established on 1st April 1935 and its headquarters is situated at Mumbai in Maharashtra, India. RBI is India's central bank, which controls the issue and supply of the Indian rupee. RBI regulates commercial banks and non-banking finance companies working in India and serves as the leader of the banking system and the money market. The Reserve Bank of India is fully owned and operated by the Government of India and is permanently situated in Mumbai since 1937. The RBI maintains the economic structure of the country so that is can archive the objective of price stability as well as economic development because of both objectives are diverse in themselves.
RBI plays an important role in the development strategy of the Government of India. The RBI carries out India's monetary policy and exercises supervision and control over banks and non-banking finance companies in India. The preamble of the Reserve Bank of India describes the basic functions of the Reserve Bank as Regulating the issue of Banknotes, Securing monetary stability in India and Modernising the monetary policy framework to meet economic challenges. The Reserve Bank's operations are governed by a central board of directors, RBI is on the whole operated with a 21-member central board of directors appointed by the Government of India. Other than the Government of India, the Reserve Bank of India is the sole body authorised to issue banknotes in India.
The Central Board of directors comprises of Official Directors and Non-Official Directors. RBI was requested to establish and monitor a deposit insurance system. Meant to restore the trust in the national bank system, it was initialised on 07th December 1961. The Indian government founded funds to promote the economy and used the slogan 'Developing Banking'. The government of India restructured the national bank market and nationalised a lot of institutes. The RBI has custody of the country's reserves of international currency, and this enables the Reserve Bank to deal with a crisis connected with adverse balance of payments position.
The objectives of RBI are to supervise and undertake initiatives for the financial sector consisting of commercial banks, financial institutions and non-banking financial companies (NBFCs). RBI uses methods like On-site inspections, off-site surveillance, scrutiny & periodic meetings to supervise new bank licenses, setting capital requirements and regulating interest rates in specific areas. RBI has the responsibility of regulating the nation's financial system. The functions of RBI is to advise the Central Board on local matters and to represent territorial and economic interests of local cooperative and indigenous banks and to perform such other functions as delegated by Central Board from time to time.