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The Reserve Bank of India, abbreviated as RBI, is India's central bank and regulatory body responsible for regulation of the Indian banking system. Owned by the Ministry of Finance, Government of India, it is responsible for the control, issue and maintaining supply of the Indian rupee. It also manages the country's main payment systems and ...
James Braid Taylor and Sikandar Hayat Khan. Deputy. Executive Director. Salary. ₹ 2,25,000/-. Website. www .rbi .org .in /scripts /deputygovernors .aspx. The deputy governor of the Reserve Bank of India is the second most senior executive of the Reserve Bank of India after its governor. Since its establishment in 1934 by the government of ...
The Monetary Policy Committee is responsible for fixing the benchmark interest rate in India. The meetings of the Monetary Policy Committee are held at least four times a year (specifically, at least once a quarter) and it publishes its decisions after each such meeting. The committee comprises six members – three officials of the Reserve ...
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The Digital Rupee (e₹) [6] or eINR or E-Rupee is a tokenised digital version of the Indian Rupee, issued by the Reserve Bank of India (RBI) as a central bank digital currency (CBDC). [7] The Digital Rupee was proposed in January 2017 and launched on 1 December 2022. [8] Digital Rupee is using blockchain distributed-ledger technology.
Holding office for over seven years, Sir Benegal Rama Rau was the longest-serving governor, while Amitav Ghosh 's 20-day term is the shortest. The bank's fifteenth governor, Dr Manmohan Singh, later became India's thirteenth prime minister. Shaktikanta Das is the twenty-fifth governor of the Reserve Bank of India from 12 December 2018.
In India, the central monetary authority is the Reserve Bank of India (RBI). Monetary policy committee [ edit ] The Reserve Bank of India Act, 1934 (RBI Act) was amended by the Finance Act, 2016, to provide a statutory and institutionalised framework for a Monetary Policy Committee , for maintaining price stability, while keeping in mind the ...
Civil servant, Economist. Known for. Governor of Reserve Bank of India. 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.