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Sir C. D. Deshmukh was the first Indian to serve as the governor. Sir Benegal Rama Rau was the longest serving governor. I. G. Patel, the fourteenth governor Manmohan Singh, the fifteenth governor, later served as the thirteenth prime minister of India Raghuram Rajan, the twenty-third governor Shaktikanta Das, the twenty-fifth governor Sanjay Malhotra, the twenty-sixth and the incumbent governor
The Act gives the RBI the power to license banks, have regulation over shareholding and voting rights of shareholders; supervise the appointment of the boards and management; regulate the operations of banks; lay down instructions for audits; control moratorium, mergers and liquidation; issue directives in the interests of public good and on ...
On 7 April 2008 (in a draft report) and on 12 September 2008 (in a final report) the High-Level Committee on Financial Sector Reforms recommended the introduction of Priority Sector Lending Certificates. On 7 April 2016 the portal for trading Priority Sector Lending Certificates was launched by the Reserve Bank of India. Within twelve months of ...
The committee comprises six members – three officials of the Reserve Bank of India and three external members nominated by the government of India. They need to observe a "silent period" seven days before and after the rate decision for "utmost confidentiality". The governor of the Reserve Bank of India is the chairperson ex officio of the ...
Deputy Governor of Reserve Bank of India Kamalesh Chandra Chakrabarty or K. C. Chakrabarty , (27 June 1952 – 26 March 2021) was an Indian banker who served as one of the four Deputy Governors of the Reserve Bank of India (RBI) (India's central bank ) from 15 June 2009 to 25 April 2014, resigning three months ahead of the completion of his term.
The RBI announced on 11 June 2019 that 'all charges for payments via RTGS and National Electronic Funds Transfer (NEFT) collected from banks would be waived from 1 July 2019, and asked banks to pass on the benefits to customers.' [7]
Reserve Bank of India found out on 31 March 2011 that the bank's net assets were worth - ₹ 1,316.50 crore (US$150 million) and deposit erosion was 100 percent, the gross non performing assets were - ₹ 1,126.55 crore (US$130 million) and losses were ₹ 1,357.41 crore (US$160 million).
He joined the Central Bank of India as a probationary officer and worked in a number of roles until becoming the 14th chairman of State Bank of India, a position he held from 19 February 1990 until 31 July 1992.