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The latest GDP numbers paint a sobering picture. Between July and September, India's economy slumped to a seven-quarter low of 5.4%, well below the Reserve Bank of India (RBI) forecast of 7%.
Ghosh was the deputy governor of RBI who was appointed as the interim governor until R. N. Malhotra assumed the office. 17 R. N. Malhotra: 4 February 1985 — 22 December 1990 5 years, 321 days Malhotra was an Indian Administrative Services officer who served as executive director of the International Monetary Fund prior to becoming the governor.
The preamble of the Reserve Bank of India describes the basic functions of the reserve bank as: [13]...to regulate the issue of Bank notes and keeping of reserves with a view to securing monetary stability in India and generally to operate the currency and credit system of the country to its advantage; to have a modern monetary policy framework to meet the challenge of an increasingly complex ...
The bank then complained to the CBI, who is currently investigating the scam apart from ED and Reserve Bank of India.CBI named key officials Usha Ananthasubramanian, former CEO of PNB, executive directors KV Brahmaji Rao and Sanjiv Sharan in a chargesheet holding them responsible for failure to implement several circular and caution notices ...
Sri Venkitaramanan (28 January 1931 – 18 November 2023) was an Indian civil servant and economist who served as the 18th governor of the Reserve Bank of India between 1990 and 1992, where he oversaw India's actions to tide over the balance of payments crisis.
Swaminathan Janakiraman is an Indian career banker who served as the Managing Director State Bank of India from January 2021 until June 2023.. On 20 June 2023, he was appointed as the Deputy Governor of Reserve Bank of India by the Government of India.
Gurumurthy is a part-time director on the central board of the Reserve Bank of India (RBI). [4] Gurumurthy is a Rashtriya Swayamsevak Sangh (RSS) ideologue. [5] [6] [7] He is a Chartered Accountant by profession. [7] He is the co-convenor of the RSS affiliate Swadeshi Jagaran Manch. [8]
The RBI will grant full licenses under Section 22 of the Banking Regulation Act, 1949, after it is satisfied that the conditions have been fulfilled. [ 12 ] March 2019 witness, Paytm account for over 19% of all mobile-banking transactions while Airtel's Payments Bank contributed more than 5% to the 867 million transactions made during the month.