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Patra is a 1985 batch RBI Grade B officer. [4] [5] Before his appointment as deputy governor, Patra served as the executive director of the monetary policy department of RBI—where he moved to in 2006—and as such, was an internal member of the powerful Monetary Policy Committee.
The 2016 exam was held in 44 batches across 96 cities. [14] There were 3.8 million applicants, of which 1.48 million took the Tier 1 exam. 149,319 candidates passed Tier 1, [15] and 35,096 candidates passed Tier 2. [16] The final number of positions for the 2016 exam was estimated to be roughly 10,661. [17]
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.
A group of students preparing for a test. Test preparation (abbreviated test prep) or exam preparation is an educational course, tutoring service, educational material, or a learning tool designed to increase students' performance on standardized tests.
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 ...
Some IRS officers are also recruited from Central Services (Group B). These include Customs Appraisers Service (Group B), Customs Preventive Service (Group B), and Central Excise Service (Group B). Group 'B' officers are gradually promoted over several years of service. The current ratio of two streams at the entry level is kept 1:1. [6]
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.
Public Financial Management System, 2016: This system is an online platform for the management of government finances in India, including budget preparation, expenditure management, and reporting. Foreign Contribution (Regulation) Act, 2010 : This act regulates the receipt of foreign contributions by non-profit organizations in India and aims ...