Search results
Results from the WOW.Com Content Network
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.
The RBI regulates this ratio so as to control the amount a bank can lend to its customers. For example, an individual wants to buy a car using borrowed money and the car's value is ₹1 million. If the LTV is set to 70% he can borrow a maximum of ₹700,000. The RBI can decrease or increase to curb inflation or deflation respectively.
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.
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.
Ram Narain Malhotra [1] popularly known as R. N. Malhotra (1926 [2] – 29 April 1997 [3] [4]) was the seventeenth governor of the Reserve Bank of India (RBI), serving from 4 February 1985 to 22 December 1990. [5] Malhotra was a member of the Indian Administrative Service.
The first demonetisation of India was carried out in the year 1946 when, under the then Governor General of India, Field Marshal Archibald Wavell, 1st Earl Wavell, the Reserve Bank of India demonetised notes of ₹500, ₹1000, and ₹10,000 in order to check black market operations and tax evasions.
Sri Venkitaramanan (28 January 1931 – 18 November 2023) was an Indian civil servant and economist who served as the 18th governor of the Reserve Bank of India between 1990 and 1992, where he oversaw India's actions to tide over the balance of payments crisis.
The PCR is the culmination of recommendations given by the committee headed by Y.M. Deosthalee. The idea behind creating the public registry is to collate the financial information of individual and corporate borrowers under one platform, inclusive of financial delinquencies, pending legal suits, and willful defaulters.