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  2. Liquidity adjustment facility - Wikipedia

    en.wikipedia.org/wiki/Liquidity_adjustment_facility

    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.

  3. Monetary policy of India - Wikipedia

    en.wikipedia.org/wiki/Monetary_policy_of_India

    The Reserve Bank of India Act, 1934 (RBI Act) was amended by the Finance Act, 2016, to provide a statutory and institutionalised framework for a Monetary Policy Committee, for maintaining price stability, while keeping in mind the objective of growth. The Monetary Policy Committee is entrusted with the task of fixing the benchmark policy rate ...

  4. Reserve Bank of India - Wikipedia

    en.wikipedia.org/wiki/Reserve_Bank_of_India

    The Banking Ombudsman Scheme has been formulated by the Reserve Bank of India (RBI) for effective addressing of complaints by bank customers. The RBI controls the monetary supply, monitors economic indicators like the gross domestic product and has to decide the design of the rupee banknotes as well as coins. [67]

  5. Open market operation - Wikipedia

    en.wikipedia.org/wiki/Open_market_operation

    Thus India's central bank, the Reserve Bank of India (RBI), has to make policies and use instruments accordingly. The RBI uses Open Market Operations (OMO) along with other monetary policy tools such as repo rate, cash reserve ratio and statutory liquidity ratio to adjust the quantum and price of money in the system.

  6. Monetary Policy Committee (India) - Wikipedia

    en.wikipedia.org/wiki/Monetary_Policy_Committee...

    The setting up of a committee to decide on monetary policy was first proposed by the Urjit Patel Committee. 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 ...

  7. Deposit Insurance and Credit Guarantee Corporation - Wikipedia

    en.wikipedia.org/wiki/Deposit_Insurance_and...

    The functions of the subsidiary are governed by the provisions of 'The Deposit Insurance and Credit Guarantee Corporation Act, 1961' (DICGC Act) and 'The Deposit Insurance and Credit Guarantee Corporation General Regulations, 1961' framed by the Reserve Bank of India in exercise of the powers conferred by sub-section (3) of Section 50 of the Act.

  8. RBI Monetary Museum - Wikipedia

    en.wikipedia.org/wiki/RBI_Monetary_Museum

    RBI Monetary Museum or Reserve Bank of India Monetary Museum is a museum in Fort, Mumbai that covers the evolution of money in India, from the earliest barter system and the use of cowries to paper money, coins, stock markets and modern-day electronic transactions.

  9. Narasimham Committee - Wikipedia

    en.wikipedia.org/wiki/Narasimham_Committee

    In 1998, RBI Governor Bimal Jalan informed the banks that the RBI had a three to four-year perspective on the implementation of the committee's recommendations. [27] Based on the other recommendations of the committee, the concept of a universal bank was discussed by the RBI and finally ICICI bank became the first universal bank of India.