Reserve Bank of India, South Zonal Office 1935 and was operated from a rented premises of the State Bank of India office building located at Parry's Corner. The present building was constructed in the 1960s by Tarapore Company. Zonal Training Centre of RBI Reserve Bank of India, South Zonal Office The Reserve Bank of India in Chennai is one of the four zonal representations of the Reserve Bank of India, the central bank of India, the other three being located in New Delhi, Mumbai, and Kolkata. The central office of the Reserve Bank is located in Mumbai. The Chennai office serves the southern region of the country.
Currency crisis probability of a banking crisis or a default crisis. During a currency crisis the value of foreign denominated debt will rise drastically relative to the declining value of the home currency. Financial institutions and the government will struggle to meet debt obligations and economic crisis may ensue. Causation also runs the other way. The probability of a currency crisis rises when a country is experiencing a banking or default crisis. To offset the damage resulting from a banking or default crisis, a central bank will often increase currency issuance, which can decrease reserves to a point where a fixed exchange