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In January 2020, Patra was appointed a Deputy Governor of the Reserve Bank of India by the Appointments Committee of the Cabinet—on the recommendation of the Cabinet Secretary-headed Financial Sector Regulatory Appointment Search Committee [6] —for a period of three years, succeeding Viral Acharya, who had resigned in July 2019.
National Electronic Funds Transfer (NEFT) is an electronic funds transfer system maintained by the Reserve Bank of India (RBI). Started in November 2005, the setup was established and maintained by Institute for Development and Research in Banking Technology. [1]
If the file has been modified from its original state, some details may not fully reflect the modified file. Short title The Maternity Allowance, Statutory Maternity Pay, Statutory Paternity Pay, Statutory Adoption Pay, Statutory Shared Parental Pay and Statutory Parental Bereavement Pay (Normal Weekly Earnings etc.) (Coronavirus) (Amendment ...
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.
Priority sector lending is lending to those sectors of the economy which may not otherwise receive timely and adequate credit. This role is assigned by the Reserve Bank of India to the banks for providing a specified portion of the bank lending to few specific sectors like agriculture and allied activities, micro- and small enterprises, education, housing for the poor, and other low-income ...
The 2020 United States Olympic trials for track and field were staged in Eugene, Oregon, having been moved from the initially selected Hilmer Lodge Stadium in Walnut, California. [1] This was first major event for the redesigned and rebuilt Hayward Field .
Public Sector Undertakings (Banks) are a major type of government-owned banks in India, where a majority stake (i.e., more than 50%) is held by the Ministry of Finance (India) of the Government of India or State Ministry of Finance of various State Governments of India.
PETA India was founded in 2000 and is based in Mumbai, India. [19] PETA and the NGO Animal Rahat, authorized by the Animal Welfare Board of India (AWBI), participated in a nine-month investigation of 16 circuses in India. After it was said that "animals used in circuses were subjected to chronic confinement, physical abuse, and psychological ...