Profile

The state of Himachal Pradesh, comprising 12 districts, is characterized by a rugged topography ranging from the Shivalik hills in the south to the lofty Dhauladhar and Pir Panjal ranges in the north, with agriculture as the primary livelihood for a significant portion of the population. Shimla, the state capital, serves as the administrative and commercial nerve centre. Formerly the summer capital of British India, the city retains a rich colonial heritage, evident in its architecture and layout. Today, it stands as a bustling hub that blends its historical legacy with modern development, hosting key Government offices and financial institutions.

The Regional Office of the Reserve Bank of India at Shimla, Himachal Pradesh, has evolved from a specialized sub-office into a pivotal independent unit overseeing banking and financial services in the state. Established on July 02, 2007 as a sub-office of Chandigarh Regional Office with primary focus on rural credit under the erstwhile Rural Planning and Credit Department (now Financial Inclusion and Development Department), it was upgraded as an independent unit on November 01, 2012 with important departments, such as, Financial Inclusion and Development Department, Government Banking Division, Department of Supervision, Consumer Education and Protection Cell and Market Intelligence Cell. Key responsibilities include driving financial inclusion initiatives to reach out to population in remote locations, redressal of complaints related to banking/ financial services, supervision of Urban Cooperative Banks as well as Non-Banking Finance Companies, and regulatory function of Rural Cooperative Banks and Regional Rural Banks. Significant development in the recent history of the Office was the effort towards enhancement of grievance redressal mechanisms as well as strengthening consumer protection with the establishment of the Office of RBI Ombudsman on March 27, 2023.

Jurisdiction
State of Himachal Pradesh

Head of the Office
Shri P. S. Khual, Regional Director

Working Hours