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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.
Earlier ₹ 1,000 notes have been discarded by the RBI. On 19 May 2023 the Reserve Bank of India announced the discontinuation of the Rs 2,000 denomination banknotes from circulation. This decision follows the cessation of its printing in 2018-19 due to the ample availability of other denominations and the note's limited use in transactions.
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.
Swaminathan Janakiraman is an Indian career banker who served as the Managing Director State Bank of India from January 2021 until June 2023. On 20 June 2023, he was appointed as the Deputy Governor of Reserve Bank of India by the Government of India. [1] [2] He served the State Bank of India for 34 years and became a managing director. [3]
Financial regulation in India is governed by a number of regulatory bodies. [1] Financial regulation is a form of regulation or supervision, which subjects financial institutions to certain requirements, restrictions and guidelines, aiming to maintain the stability and integrity of the financial system.
Viral V. Acharya (born 1 March 1974) is an Indian economist who was appointed as Deputy Governor of Reserve Bank of India (RBI). He also served as a member of the advisory council of the RBI Academy and was a member of the Academic Council of the National Institute of Securities Markets (NISM), Securities and Exchange Board of India (SEBI) since 2014.
Duvvuri Subbarao (born 11 August 1949) [2] is an Indian economist, Central Banker, and retired IAS officer.He was the 22nd Governor of Reserve Bank of India, served under Prime Minister Dr. Manmohan Singh.
The Bloomberg US Aggregate Bond Index, or the Agg, is a broad base, market capitalization-weighted bond market index representing intermediate term investment grade bonds traded in the United States. Investors frequently use the index as a stand-in for measuring the performance of the US bond market .