For any country central banks play a pivotal role in driving its economy. It is the central banks who take decisions that help them in formulating rules and regulations controlling the commercial banking institutions and the economy in general. Interest rates, exchange rates, lending rates and money supply are all governed by the central banks. In India it is the Reserve Bank of India (RBI) that acts as the central banking institution in the country. The monetary policy for the country is set by the RBI. The functioning of the financial market, issuing of currency and its distribution into the marketplace, taking in old and worn out currencies and destroying them are all tasks of the central banking institution of the country.
Eligibility and course duration
Pass in 10+2 in any of the streams or any undergraduate degree from a recognized institution. A few institute like ISBM Ahmedabad require only a high school qualification for undergoing this course.
Duration of the course is 1-year full time.
More about the course
Diploma Central Banking is certainly a useful course in learning about how the central banking institutions of a country work in giving a sense of direction to the country's economy. The objectives learnt from this course is also useful for a career in the commercial banking system of the country. The RBI being a banker's bank, one gets to learn how it lends money to the other banks and sets the lending rates. It also lends money to both the state and the central governments and is thus a bank for the government too. You get to learn how the central banking institutions work, their power to inspect banks and audit them. You learn of the role of the central bank in giving financial advice on issues concerning the country's economy. One also gets to study the role of the RBI in controlling the supply of money in the economy and thus control inflation and its role with respect to managing the exchange rate of the rupee in the foreign markets and exchanges.
Job opportunities and scope
For graduates and others, undergoing this course means improved chances of getting into the banking and financial institutions. It provides you an additional advantage over others while applying for jobs in the Reserve Bank of India. There are various other graduate and post graduate programs in banking that can be undertaken after doing this course for improved career prospects.
Diploma Central Banking Admissions for 2020 - 2021 Academic Year
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