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Reserve Bank of India, abbreviated as RBI, ... Nagpur Reserve Bank was established in 1956, while the Ahmedabad branch was established in 1950.
Indian Rupee currency notes, issued by the Reserve Bank of India, bear the governor's signature. Since its establishment in 1935 by the government of the Republic of India, the RBI has been headed by twenty-six governors. The governor of the Reserve Bank of India is a member of the Strategic Policy Group headed by National Security Advisor Ajit ...
A collection of speeches delivered during his stint as the Governor of the Reserve Bank of India [90] The Third Pillar: How the State and Markets are leaving Communities Behind (2019), Penguin Press. What the Economy Needs Now (2019), Juggernaut Books. Co-authored. Breaking the Mould: Reimagining India's Economic Future (2023), Penguin Press ...
Madhavpura Mercantile Cooperative Bank (MMCB) was a Gujarat-based interstate cooperative bank that became defunct and lost its licence after it was unable to pay back the money it owed public depositors. Reserve Bank of India cancelled its licence in June 2012 under section 22 of the Banking regulations Act, 1949. [2]
The Ashram Road is one of the major roads in the city of Ahmedabad in India.The road was constructed in 1976, with a major portion of it running parallel to the Sabarmati. [1] [2] The road is a major financial hub of the city with the offices of the Reserve Bank of India and the Income Tax department located on the road.
Paresh Chandra Bhattacharya OBE (born 1 March 1903) [1] was the seventh Governor of the Reserve Bank of India from 1 March 1962 to 30 June 1967. [2] Unlike his predecessors he was a member of the Indian Audits and Accounts Service (IA&AS). He was appointed an Officer of the Order of the British Empire (OBE) in the 1946 New Year Honours. [3]
He served as a deputy governor of the Reserve Bank of India from 1982 to 1991, after which he served as the governor of the Reserve Bank of India between 22 December 1992 and 21 December 1997. [citation needed] He served as the governor of Andhra Pradesh from 24 November 1997 to 3 January 2003. After demitting that office, he took charge as the ...
On 1 July 1955, the Imperial Bank of India became the State Bank of India. In 2008, the Government of India acquired the Reserve Bank of India's stake in SBI to remove any conflict of interest because the RBI is the country's banking regulatory authority. In 1959, the government passed the State Bank of India (Subsidiary Banks) Act.