BANKING AFFAIRS

Detailed explanation-1: -Reserve Bank of India maintains the Principal Accounts of Central as well as State Governments at its Central Accounts Section, Nagpur.

Detailed explanation-2: -Maintains internal accounts of the Bank including preparation of weekly statement of affairs of the Bank and the annual profit and loss account/ balance sheet of the Bank as per the provisions of RBI Act and the RBI General Regulations, and. ii. Supervises and controls Deposit Accounts Departments of the Bank.

Detailed explanation-3: -the reserve bank of India has two branches in Nagpur in which of it houses India’s entire gold assets. Intervention Required: The present condition of the building is good.

Detailed explanation-4: -The RBI has upgraded the computer systems at its Central Accounts Section (CAS), Nagpur, and has started supplying data electronically to the circle offices of several Central Government Ministries.