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
Central bank Central bank A central bank, reserve bank, or monetary authority is an institution that manages a state's currency, money supply, and interest rates. Central banks also usually oversee the commercial banking system of their respective countries. In contrast to a commercial bank, a central bank possesses a monopoly on increasing the monetary base in the state, and usually also prints the national currency, which usually serves as the state's legal tender. Central banks also act as a "lender of last resort" to the banking sector during times of financial crisis. Most central banks usually also have supervisory and regulatory powers