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The Reserve Bank of India manages monetary policy, regulates financial institutions, promotes financial inclusion, and boosts economic growth to steer the Indian economy.
The RBI controls money, ensures that money is stable, keeps currency reserves, and monitors India's credit and currency system.
RBI collects a large amount of raw data (mostly about financial variables) at different times (daily, weekly, fortnightly, monthly, quarterly, yearly, etc.). The number of digital payments in the country grew by 13.24% from March 2022 to March 2023, according to the RBI's index that tracks how many people use online purchases. At the end of March 2023, the RBI Digital Payments Index (RBI-DPI) was 395.57.
Therefore, a distributed database management system ensures each bank office has its copy of the most recent customer information. Furthermore, the bank doesn't send the information about the customer's account to a central computer. Instead, the bank copies the data.
The RBI gives all Indian banks listed with them a seven-digit Basic Statistical Return (BSR) Code. The first three numbers tell you which bank it is, and the following four numbers tell you which branch it is.
The Reserve Bank of India gets information from different bank offices about several banking factors through regular returns and statements. To use these facts in the computer system, know their source. Each bank office receives a "Uniform Code Number." This system was first put in place in 1972 for commercial banks. In 1982, the same was tried with all cooperative credit institutions and state financial companies participating in the Lead Bank Scheme.
The data provided are about the balance sheets of banks that do business worldwide. The locational data show how banks' assets and liabilities are split up by geography and currency, including intragroup business.
Since 1998, everyone has had free access to the Indian economy's macroeconomic and financial data available in the Handbook of Statistics on the Indian Economy.
The RBI's outlook on the current and future economy is deeply dissected through articles, lectures, and statistical tables in the RBI's official publication, the Bulletin.
Primary Co-operative Banks, also known as Urban Co-operative Banks (UCBs), are organized as co-operative societies under either the State Co-operative Societies Act of the state in question or the Multi-State Co-operative Societies Act, 2002.
In the eighteenth century, the East India Company was the first to borrow money from the people of India to pay for its fights with Britain and France in South India. Over time, the government's debt to the people became known as "public debt."
The Reserve Bank released a report called "Statistical Tables Relating to Banks in India." It describes what banks do in India.
The publication gives information about each entity's significant liabilities and assets, their maturity profiles, income and expenses, specific financial ratios, the number of workers, and data about priority sector advances for scheduled commercial banks, except for regional rural banks. Also included are capital-to-risk-weighted asset ratios, non-performing assets, exposure to sensitive sectors, contingent liabilities, and unclaimed accounts. The combined balance sheets of rural cooperative banks are also broken down by state.
RBI publishes a weekly report called Weekly Statistical Supplement (WSS). WSS has 22 tables, each with much information about RBI's monetary activities and new trends in banking and financial markets.
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