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Sanjay Malhotra (born 14 February 1968) is an Indian bureaucrat who is serving as the Current and 26th Governor of the Reserve Bank of India (RBI) since December 11, 2024. [ 3 ] [ 4 ] He is an Indian Administrative Service Officer of 1990 Batch Rajasthan Cadre. [ 5 ]
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.
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 ...
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.
General elections were held in India from 19 April to 1 June 2024 in seven phases, to elect all 543 members of the Lok Sabha. [a] Votes were counted and the result was declared on 4 June to form the 18th Lok Sabha. [2] [3] On 7 June 2024, Prime Minister Narendra Modi confirmed the support of 293 MPs to Droupadi Murmu, the president of India. [4]
Small Industries Development Bank of India (SIDBI) is the apex regulatory body for overall licensing and regulation of micro, small and medium enterprise finance companies in India.
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 RBI can increase the SLR to control inflation, suck liquidity out of the market, to tighten the measure to safeguard the customers' money. Decrease in SLR rate is done to encourage growth. In a growing economy banks would like to invest in stock market, not in government securities or gold as the latter would yield less returns.