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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 ...
Sir C. D. Deshmukh was the first Indian to serve as the governor. Sir Benegal Rama Rau was the longest serving governor. I. G. Patel, the fourteenth governor Manmohan Singh, the fifteenth governor, later served as the thirteenth prime minister of India Raghuram Rajan, the twenty-third governor Shaktikanta Das, the twenty-fifth governor Sanjay Malhotra, the twenty-sixth and the incumbent governor
NIBM was established on September 24, 1969, by the Reserve Bank of India (RBI), in consultation with the Government of India (GoI), as an autonomous apex institution for research, training, education and consultancy in Bank Management. Its mandate is to play a proactive role of "think-tank" of the banking system.
Since its establishment in 1934 by the government of India, the RBI has had 63 deputy governors. Currently the rank of deputy governor is equivalent to the rank of secretary to the govt. of India. The term of office typically runs for three years and can, in some cases, be extended for another two years.
As of 10 November 2016, the RBI issues banknotes in this series in denominations from ₹5 to ₹100. Printing of five-notes, which had stopped earlier, restarted in 2009. On 8 November 2016, the ₹500 and ₹1000 banknote denominations of this series were demonetised and the new Mahatma Gandhi Series of banknotes were revealed in ...
Each participating bank will test e₹-R among 10,000 to 50,000 people. RBI will collaborate with PayNearby and Bankit to integrate CBDC as payment option while National Payments Corporation of India (NPCI) will manage the backend infrastructure. [50] RBI will also undertake cross border transactions using Digital Rupee during the pilot project ...
(The immunity question in the January 6 lawsuits is different than the situation the Supreme Court decided last summer, in giving Trump presidential immunity protection, as a criminal defendant ...
The RBI announced on 19 July 2018 that it would shortly issue a new ₹ 100 note. [7] The new denomination has a motif of the Rani Ki Vav (the Queen's Stepwell), a UNESCO World Heritage site in Patan in Gujarat, India on the reverse, depicting the country's cultural heritage.