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RBI issue taxable bonds for investments. From 1 July 2020, RBI is offering Floating Rate Savings Bonds, 2020 (Taxable) – FRSB 2020 (T). The interest on the bonds is payable semi-annually on 1 January and 1 July every year. The coupon on 1 January 2021 shall be paid at 7.15%.
The Institute of Banking Personnel Selection (IBPS) is a central recruitment agency operating under the ownership of the Ministry of Finance in the Government of India that was started with an aim to encourage the recruitment and placement of young undergraduates, postgraduates and doctorates at the rank of Group 'A' officer, Group 'B' officer, Group 'C' employee and Group 'D' employee in ...
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
There are various section in the RBI Act but the most controversial and confusing is Section 7. Although this section has been used only once by the central govt, [3] it puts a restriction on the autonomy of the RBI. Section 7 states that the central government can legislate the functioning of the RBI through the RBI board, and the RBI is not ...
The Digital Rupee's offline capability and programmability have been announced by RBI on 8 February 2024. e₹-R will allow offline transactions in places with spotty or nonexistent internet access. Numerous offline methods, both proximity- and non-proximity-based, will be assessed in mountainous, rural, and urban settings in order to ...
Shaktikanta Das (born 26 February 1957) is an Indian Bureaucrat official who served as the 25th governor of the Reserve Bank of India (RBI). He was earlier a member of the Fifteenth Finance Commission and India's Sherpa to the G20.
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.
A 10 rupee note signed by Bhattacharya fetches 800 to 1000 rupees today. [6] During his tenure as Governor of RBI, the size of the bank notes of Rs 5, 10 and 100 denominations had been reduced to cut cost of production, which make these notes relatively rare in the collectors market.