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Sanjay Malhotra (born 14 February 1968) is an Indian bureaucrat who is serving as the Current and 26th Governor of the Reserve Bank of India (RBI) since December 11, 2024. [ 3 ] [ 4 ] He is an Indian Administrative Service Officer of 1990 Batch Rajasthan Cadre. [ 5 ]
Patel is an economist who worked with the IMF and the central government. He served as the deputy governor of RBI prior to becoming the governor. His governorship oversaw the demonetization of ₹500 and ₹1000 banknotes. He later resigned citing personal reasons. [6] [7] [8] 25 Shaktikanta Das: 12 December 2018 — 11 December 2024 5 years ...
The Staff Selection Commission is expected to release the SSC CGL result 2024 soon on its official website - ssc.gov.in. The Commission released the SSC CGL answer key on October 3, 2024. The last date to send objections was October 8, 2024. The Commission will consider the objections and analyze the representation received from the candidates.
List of deputy governors of the Reserve Bank of India No. Officeholder Portrait Term start Term end Term in office Background Other offices held References 1 James Braid Taylor: 1 April 1935 30 June 1937 2 years, 90 days Civil servant Indian Civil Service officer [1] [2] [3] 2 Sikandar Hayat Khan: 1 April 1935 20 October 1935 202 days Politician
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.
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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.
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.