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The Act gives the RBI the power to license banks, have regulation over shareholding and voting rights of shareholders; supervise the appointment of the boards and management; regulate the operations of banks; lay down instructions for audits; control moratorium, mergers and liquidation; issue directives in the interests of public good and on ...
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.
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 ...
Shaktikanta Das (born 26 February 1957) is an Indian bureaucrat 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. Das is a retired 1980 batch Indian Administrative Service (IAS) officer of Tamil Nadu cadre.
A government circular is a written statement of government policy. It will often provide information, guidance, rules, and/or background information on legislative or procedural matters. See also
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.
Look out circular (LOC) is a circular letter used by authorities in India to check whether a traveling person is wanted by the police. It may be used at immigration checks at international borders such as international airports or sea ports .
Khan joined Reserve Bank of India in 1978. Between 2007 and 2008, Khan was the Director of Bank of Maharashtra and Punjab and Sind Bank.He has also been an Executive Director of RBI and Director of NABARD and later became the Principal of RBI's College of Agricultural Banking (CAB) at Pune, before getting appointed as the Regional Director of RBI, New Delhi. . [2]