RBI Thiruvananthapuram RBI Thiruvananthapuram RBI Thiruvananthapuram is a branch office of the Reserve Bank of India with its jurisdiction covering the State of Kerala and the Union Territory of Lakshadweep. This regional office contains nearly all of the major Departments of Reserve Bank of India. The only exceptions are the departments of Foreign Exchange (FED) and Economic Policy & Research (DEPR), both of which are housed at the Bank's sub-office at Kochi. The office is headed by Nirmal Chand, Regional Director. RBI Thiruvananthapuram started operating on 2 January 1954, from a rented building with just one Department, viz. Department of Banking Operations
Banking in India 962 crore. Nevertheless, the partition of India in 1947 adversely impacted the economies of Punjab and West Bengal, paralysing banking activities for months. India's independence marked the end of a regime of the Laissez-faire for the Indian banking. The Government of India initiated measures to play an active role in the economic life of the nation, and the Industrial Policy Resolution adopted by the government in 1948 envisaged a mixed economy. This resulted in greater involvement of the state in different segments of the economy including banking and finance. The major steps to regulate banking included: Despite the provisions, control