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Narasimham was a RBI research officer who served as an additional Secretary to the Department of Economic Affairs prior to becoming the governor. 14 I. G. Patel: 1 December 1977 — 15 September 1982 4 years, 288 days Patel was an economist who served as a secretary in the Ministry of Finance prior to becoming the governor.
Reserve Bank of India, abbreviated as RBI, is the central bank of India, and regulatory body responsible for regulation of the Indian banking system and Indian currency. Owned by the Ministry of Finance, Government of India, it is responsible for the control, issue, and maintenance of the supply of the Indian rupee. It also manages the country ...
RBI – Reserve Bank of India. 1.2 2. SEBI – Securities and Exchange Board of India. 1.3 3. IRDAI – Insurance Regulatory and Development Authority of India. 1.4 4 ...
Section 22 states that only the RBI has the exclusive rights to issue currency notes in India. Section 24 states that the maximum denomination a note can be is ₹ 10,000 (US$120). Section 26 of Act describes the legal tender character of Indian bank notes. Section 28 allows the RBI to form rules regarding the exchange of damaged and imperfect ...
Combined Graduated Level Examination (SSC CGL or CGLE) is an examination conducted by the Staff Selection Commission to recruit Group B and C officers to various posts in ministries, departments and organizations of the Government of India. The Staff Selection Commission was established in 1975.
The Institute of Banking Personnel Selection (IBPS) is a central recruitment agency operating under the ownership of the Ministry of Finance in the Government of India that was started with an aim to encourage the recruitment and placement of young undergraduates, postgraduates and doctorates at the rank of Group 'A' officer, Group 'B' officer, Group 'C' employee and Group 'D' employee in ...
It made a world record by printing more than 20,000 million pieces of bank notes in financial year 2016–17, It has its own design cell. It has the capability to print all the denominations of Indian bank notes.
Liquidity adjustment facility (LAF) is a monetary policy tool which allows banks to borrow money through repurchase agreements (repos) that is primarily used by the Reserve Bank of India (RBI). [ 1 ] The LAF is used to aid banks in adjusting the day to day mismatches in liquidity .