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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.
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.
He worked in diverse areas including currency management and information technology and was also the Executive Assistant to the RBI Governor for more than three years. He had a brief stint at the Securities Exchange Board of India. He was elevated to the position of Executive Director of RBI on 1 March 2011.
Shaktikanta Das (born 26 February 1957) is an Indian Bureaucrat official who served as the 25th governor of the Reserve Bank of India (RBI). He was earlier a member of the Fifteenth Finance Commission and India's Sherpa to the G20. Das is a retired 1980 batch Indian Administrative Service (IAS) officer of Tamil Nadu cadre.
The committee suggested a six-member MPC - three members from the RBI and three nominated by the government. The government initially proposed a seven-member committee [5] - 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.
19 April 2024: Date of counting of votes/Result 4 June 2024: No. of constituencies: 1 Odisha. Schedule of 2024 Indian general election in Odisha for each constituency.
Data of Sovereign Gold Bonds (Tranche wise) issued till 23 April 2024 [18] S No Tranche ISIN Issue Date Issue price/unit Units subscribed (grams) Redemption price/unit CAGR Returns (Absolute) (%) 1 2015-I IN0020150085 November 30, 2015 2684 913571 6132 [19] [20] 10.87 (128.46) 2 2016-I IN0020150101 February 8, 2016 2600 2869973 6271 [21] [22]