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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.
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.
The Act gives the RBI the power to license banks, have regulation over shareholding and voting rights of shareholders; supervise the appointment of the boards and management; regulate the operations of banks; lay down instructions for audits; control moratorium, mergers and liquidation; issue directives in the interests of public good and on ...
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.
Listen and subscribe to Opening Bid on Apple Podcasts, Spotify, or wherever you find your favorite podcasts. Artificial intelligence has quickly become a tool many companies are looking to utilize ...
Sen. Lindsey Graham (R-S.C.) said on Sunday he’s confident Robert F. Kennedy Jr., President Trump’s nominee to lead the Department of Health and Human Services (HHS), will support a “pro ...
Data entry speed test - candidates enter data at the rate of 2000 key presses in 15 minutes. This is mainly for positions such as tax assistants. Section 4 Statistics; Section 5 General studies (finance and economics) Most positions require the candidate to take only the first three sections, but certain positions require the fourth or fifth ...
Unfortunately, a growing body of research has detected contaminants and microplastics pretty much everywhere, including our tap water. Now, new research has detected microplastics in yet another ...