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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 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.
Swaminathan Gurumurthy (born 1949) [2] is the editor of the Tamil political weekly magazine Thuglak. [3] 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]
R. Gandhi was born in 1956 in Devanallur, Tirunelveli, Tamil Nadu. He obtained his undergraduate degree in Economics from V.O.Chidambaram College, Thoothukudi. He obtained his post graduation in Economics from the Annamalai University .
20 June – 2024 Tamil Nadu alcohol poisoning: At least 47 people are reported killed after suffering methanol poisoning caused by tainted liquor in Kallakurichi district in Tamil Nadu. [98] [99] 22 June – Subodh Kumar Singh is dismissed as the director general of the National Testing Agency following uproar over the 2024 NEET controversy. [100]
He said the RBI was against the move and warned the government of the potential negative effects. Rajan also termed the currency notes ban exercise as, "One cannot in any way say it has been an economic success". In addition to his work at the University of Chicago and RBI, Raghuram is also a member of the Berggruen Institute's 21st Century ...
The National Bank for Agriculture and Rural Development (NABARD) is an All India Development Financial Institution (DFI) [4] and an apex Supervisory Body for overall supervision of Regional Rural Banks, State Cooperative Banks and District Central Cooperative Banks in India. [5]
To accelerate the implementation, RBI and the NPCI are also focusing on feature phone-based payments in addition to purpose-defined transactions. [45] The Digital Rupee's offline capability and programmability have been announced by RBI on 8 February 2024. e₹-R will allow offline transactions in places with spotty or nonexistent internet access.