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Any other matter relating to the violation of the directives issued by the Reserve Bank in relation to banking or other services. complaints from Non-Resident Indians having accounts in India in relation to their remittances from abroad, deposits and other bank-related matters; [2]
The preamble of the Reserve Bank of India describes the basic functions of the reserve bank as: [13]...to regulate the issue of Bank notes and keeping of reserves with a view to securing monetary stability in India and generally to operate the currency and credit system of the country to its advantage; to have a modern monetary policy framework to meet the challenge of an increasingly complex ...
Status: Chief Executive Officer of Reserve Bank of India: Appointer: Government of the Republic of India: Term length: 3 years (extendable) Constituting instrument: Reserve Bank of India Act, 1934: Inaugural holder: Sir Osborne Smith: Formation: 1 April 1935; 89 years ago () Deputy: Deputy Governor: Salary ₹ 250,000 (US$2,900) Website: rbi.org.in
The Reserve Bank of India extended financial support to the Board, meeting its expenses for the first five years. [3] However, on 28 September 2021, the member banks passed resolutions approving BCBSI dissolution. Accordingly it has stopped its operations and is under dissolution. [4]
Reserve Bank of India Act, 1934: This is the primary legislation governing the functions and powers of the Reserve Bank of India (RBI), which is the central bank of India. The act provides for the regulation of banking and credit in India and gives the RBI the authority to issue licenses to banks and regulate their activities.
Institute of Chartered Accountants of India: 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 ...
Sh. Unnikrishnan A, Legal Adviser, Reserve Bank of India 10. Part Time Member Dr. Krishnamurthy Subramanian, Former Chief Economic Advisor, Government of India 11. Part Time Member Sh. B. Sriram, Former Managing Director & CEO of IDBI Bank Ltd.
This closed a case of bank fraud in which Chatwal had been embroiled for over a decade. Along with four others, Chatwal was charged with being part of a "criminal conspiracy" to defraud the Bank of India's New York branch of ₹ 28.32 crore (US$3.3 million). Four charges were filed by the CBI, with Chatwal named a defendant in two.