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Bera joined the Reserve Bank of India in 1978. He worked in various areas, including public debt management, government & bank accounts and cooperative banking. His career took off when as an administrator, he took over as officer-in-charge of RBI Belapur in 2005.
The committee suggested a six-member MPC - three members from the RBI and three nominated by the government. The government initially proposed a seven-member committee [5] - three from the RBI and four nominated by it. Subsequent negotiations led to the current composition of the committee, with the external members having a four-year term.
The Banking Regulation Act, 1949 is a legislation in India that regulates all banking companies in India. [1] Passed as the Banking Companies Act 1949, it came into force on 16 March 1949 and changed to Banking Regulation Act 1949 from 1 March 1966. It is applicable in Jammu and Kashmir from 1956.
2021: The Securities and Exchange Board of India (SEBI) introduces a new framework for investment advisors to strengthen their role as fiduciaries to their clients. The Reserve Bank of India (RBI) sets up a committee to review the functioning of asset reconstruction companies (ARCs) and recommend measures to improve their effectiveness. [41]
Reserve Bank of India Act, 1934 is the legislative act under which the Reserve Bank of India (RBI) was formed. This act along with the Companies Act, which was amended in 1936, were meant to provide a framework for the supervision of banking firms in India. [1]
Central banks have increasingly engaged in public communication to ensure accountability, build trust, and manage inflation expectations. [73] Various aspects of central bank communication are also analyzed, including textual content through text mining techniques, [ 74 ] facial expressions during press conferences, [ 75 ] vocal characteristics ...
1-May-1949: Financial system and monetary policy: Reserve Bank of India: 01-Apr-1935: Mining and Mineral Exploration: Directorate General of Mines Safety(DGMS) 07-Jan-1902: Food Safety: Food Safety and Standards Authority of India: Aug-2011: Security Market: Securities and Exchange Board of India: 12-Apr-1992: Aeronautical Tariff
Headquartered in Mumbai, the mandate of the IFTAS is to provide IT-related services to the RBI, banks and other financial institutions. [18] Services like Indian Financial Network (INFINET), [19] Structured Financial Messaging System (SFMS) [20] and the Indian Banking Community Cloud (IBCC) [21] have been handed over to IFTAS with effect from 1 ...