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  2. Reserve Bank of India - Wikipedia

    en.wikipedia.org/wiki/Reserve_Bank_of_India

    The Reserve Bank of India (abbreviated as RBI) is India's central bank and regulatory body responsible for regulation of the Indian banking system and Indian currency. Owned by the Ministry of Finance ,Government of the Republic of India , it is responsible for the control, issue and maintaining supply of the Indian rupee.

  3. List of governors of the Reserve Bank of India - Wikipedia

    en.wikipedia.org/wiki/List_of_governors_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

  4. Monetary policy of India - Wikipedia

    en.wikipedia.org/wiki/Monetary_policy_of_India

    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.

  5. Monetary Policy Committee (India) - Wikipedia

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

    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 ...

  6. Reserve Bank of India Act, 1934 - Wikipedia

    en.wikipedia.org/wiki/Reserve_Bank_of_India_Act...

    Section 7 states that the central government can legislate the functioning of the RBI through the RBI board, and the RBI is not an autonomous body. Section 17 of the Act defines the manner in which the RBI can conduct business as the central bank of India. The RBI can accept deposits from the central and state governments without interest.

  7. List of regulators in India - Wikipedia

    en.wikipedia.org/wiki/List_of_regulators_in_India

    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 ...

  8. Financial Stability and Development Council - Wikipedia

    en.wikipedia.org/wiki/Financial_Stability_and...

    The council is headed by the finance minister and has the Reserve Bank of India (RBI) governor and chairpersons of the Securities and Exchange Board of India, Insurance Regulatory and Development Authority and Pension Fund Regulatory and Development Authority as other members along with finance ministry officials.

  9. Payment and settlement systems in India - Wikipedia

    en.wikipedia.org/wiki/Payment_and_settlement...

    The acronym 'RTGS' stands for Real-time gross settlement. The Reserve Bank of India (India's Central Bank) maintains this payment network. Real-time gross settlement is a funds transfer mechanism where transfer of money takes place from one bank to another on a 'real time' and on 'gross' basis.