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Narasimham was a RBI research officer who served as an additional Secretary to the Department of Economic Affairs prior to becoming the governor. 14 I. G. Patel: 1 December 1977 — 15 September 1982 4 years, 288 days Patel was an economist who served as a secretary in the Ministry of Finance prior to becoming the governor.
Gopinath was known to be a low profile and compassionate Deputy Governor of the RBI. Liquidity management and regulation was her forte and is known to have handled crises [11] including the Kargil conflict of 1999, managing liquidity during the India Millennium Bond redemption in 2000, and the bankruptcy of Lehman brothers in 2008.
These regulations were imposed to negate liquidity risks of banks that played a prominent role in financial crises. Financial banks profit from providing liquidity and maturity transformation , which is the practice by financial institutions of borrowing money on shorter timeframes than they lend money out.
RBI – Reserve Bank of India. 1.2 2. SEBI – Securities and Exchange Board of India. ... Financial regulation in India; References This page was last edited on 10 ...
Banking Regulation Act, 1949: This act regulates the functioning of banks in India and empowers the RBI to supervise and regulate the banking sector. [ 8 ] [ 48 ] [ 49 ] [ 9 ] Securities and Exchange Board of India Act, 1992 : This act established the Securities and Exchange Board of India (SEBI), which is responsible for regulating the ...
The committee suggested a five-member MPC - three members from the RBI and two nominated by the government. [5] The government initially proposed a seven-member committee [6] - 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.
In India, the Statutory liquidity ratio (SLR) is the Government term for the reserve requirement that commercial banks are required to maintain in the form of cash, gold reserves, Govt. bonds and other Reserve Bank of India (RBI)- approved securities before providing credit to the customers. The SLR to be maintained by banks is determined by ...
The Federal Reserve System headquarters in Washington, D.C. The Bank of England in London The Reserve Bank of New Zealand in Wellington. In public finance, a lender of last resort (LOLR) is the institution in a financial system that acts as the provider of liquidity to a financial institution which finds itself unable to obtain sufficient liquidity in the interbank lending market when other ...