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Reserve Bank of India, abbreviated as RBI, is the central bank of India, and regulatory body responsible for regulation of the Indian banking system and Indian currency. Owned by the Ministry of Finance , Government of India , it is responsible for the control, issue, and maintenance of the supply of the Indian rupee.
risk profile by grade; migrations across different grades; risk parameter estimates for each grade; a comparison of the actual default rates against the expected as predicted by the rating system; Banks must have independent functions responsible for development and ongoing monitoring of the rating systems.
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 ...
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 Government of India, in consultation with RBI, notified the 'Inflation Target' in the Gazette of India Extraordinary dated 5 August 2016 for the period beginning from the date of publication of the notification and ending on 31 March 2021 as 4%. At the same time, lower and upper tolerance levels were notified to be 2% and 6% respectively.
Governor of the Reserve Bank of India [1] [2] [3] 31 C. Rangarajan: 12 February 1982 20 August 1991 9 years, 189 days Career banker Governor of the Reserve Bank of India [1] [2] [3] 32 M.V. Hate 12 March 1982 11 March 1985 2 years, 364 days [1] [2] [3] 33 R.K. Kaul 1 October 1983 30 September 1986 2 years, 364 days [1] [2] [3] 34 P.D. Ojha 29 ...
Liquidity adjustment facility (LAF) is a monetary policy tool which allows banks to borrow money through repurchase agreements (repos) that is primarily used by the Reserve Bank of India (RBI). [ 1 ] The LAF is used to aid banks in adjusting the day to day mismatches in liquidity .
Payment banks (currently five banks Airtel Payments Bank, Fino Payments Bank, India Post Payments Bank, NSDL Payments Bank, Jio Payments Bank,Paytm Payments Bank(Paytm payment Bank restricted to deposit money in 2024) have been granted Scheduled bank status). [3] [4] Scheduled Co-operative banks are further divided into 2 types namely: