query: who appoints governor of reserve bank of india

pos: Reserve Bank of India part in the Development Strategy of the Government of India. It is a member bank of the Asian Clearing Union. The general superintendence and direction of the RBI is entrusted with the 21-member central board of directors: the governor; four deputy governors; two finance ministry representatives (usually the Economic Affairs Secretary and the Financial Services Secretary); ten government-nominated directors to represent important elements of India's economy; and four directors to represent local boards headquartered at Mumbai, Kolkata, Chennai and the capital New Delhi. Each of these local boards consists of five members who represent regional interests, the interests of co-operative

pos: Reserve Bank of India of 2008–2009 and the central bank promotes the economic development. In 2016, the Government of India amended the RBI Act to establish the Monetary Policy Committee (MPC) to set . This limited the role of the RBI in setting interest rates, as the MPC membership is evenly divided between members of the RBI (including the RBI governor) and independent members appointed by the government. However, in the event of a tied vote, the vote of the RBI governor is decisive. The central board of directors is the main committee of the central bank. The Government of India appoints the directors

pos: James Braid Taylor Controller in the Currency Department of the Government of India for over a decade. He later became the Controller of Currency, and additionally secretary in the Finance Department. He then became the Deputy Governor of the Reserve Bank and succeeded Smith as the Governor. He was closely associated with the preparation and piloting of the Reserve Bank of India Bill. He governed the bank during the war years and was involved in decision to move from a silver currency to fiat money. Even though he was the second Governor, his signature was the first to appear on the currency notes

pos: C. Rangarajan Honorary Fellow of IIM-A in 1997. In 2002, the Government of India awarded him the Padma Vibhushan, India's second highest civilian award. He served as a Deputy Governor of the Reserve Bank of India from 1982 to 1991, after which he served as the Governor of the Reserve Bank of India between 22 December 1992 and 21 December 1997. He also served as the Governor of Andhra Pradesh from 24 November 1997 to 3 January 2003. After demitting that office, he took charge as the chairman of the Twelfth Finance Commission. From 2005 onwards, he was the Chairman of the

pos: Bimal Jalan from 1998-2008, Jalan was the President of the Governing Body of the National Council of Applied Economic Research, Planning Commission in New Delhi. He was the Governor of Reserve Bank of India for two terms. The Government of India reappointed Jalan as Governor of the Reserve Bank of India, first for a period of two years commencing 22 November 2000 to 21 November 2002 and again for a further period of two years commencing from 22 November 2002 and ending 21 November 2004. He was succeeded by Y. Venugopal Reddy on 6 September 2003. During his tenure the Indian Rupee

pos: Monetary Policy Committee of India Monetary Policy Committee of India The Monetary Policy Committee of India is responsible for fixing the benchmark interest rate in India. The meetings of the Monetary Policy Committee are held at least 4 times a year and it publishes its decisions after each such meeting. The committee comprises six members - three officials of the Reserve Bank of India and three external members nominated by the Government of India. They need to observe a "silent period" seven days before and after the rate decision for "utmost confidentiality". The Governor of Reserve Bank of India is the chairperson ex officio of

pos: ICICI Bank violation of Money Laundering Control Act. The Government of India and Reserve Bank of India ordered an inquiry following the exposé. On 15 March 2013, ICICI Bank suspended 18 employees, pending inquiry. On 11 April 2013 Deputy Governor of RBI, H R Khan reportedly told that the central bank is initiating action against ICICI Bank in connection with allegations of money laundering. 2003 2004 2006 2007 2009 2010 2011 2012 2013 2014 2015 2016 ICICI Bank ICICI Bank Limited (Industrial Credit and Investment Corporation of India) is an Indian multinational banking and financial services company headquartered in Mumbai, Maharashtra. In

pos: D. R. Mehta to 1995 Mehta served as the Deputy Governor of the Reserve Bank of India (RBI) which is the Central Bank of India. Still earlier, from 1991 to 1992 he was the Director General of Foreign Trade, Government of India, and Ministry of Commerce. Prior to this from 1989 to 1991, Mehta was Additional Secretary to the Government of India in the Ministry of Finance, dealing with banking. From 1974 to 1989, except for a period of five years in between when he was serving the Ministry of Finance in the Government of India, Mehta had served the State Government of

pos: India Government Mint, Mumbai India Government Mint, Mumbai The India Government Mint, Mumbai is one of the four mints in India and is in the city of Mumbai. The mint was established in 1829 by the then governor of the Bombay Presidency. Its main activity is the production of commemorative and development-oriented coins. The mint is opposite the Reserve Bank of India in the Fort area of South Mumbai. Initially governed by the governor of the Bombay Presidency, it was transferred to the Government of India on 18 May 1876 through Finance Department Resolution 247. In 1918, a branch of the Royal Mint of

pos: B. N. Adarkar B. N. Adarkar Bhaskar Namdeo Adarkar MBE (18 May 1910–20 March 1998) was the ninth Governor of the Reserve Bank of India from 4 May 1970 to 15 June 1970. His term was the second-shortest (42 days) after Amitav Ghosh who had served for only 20 days. His term was short since he was filling in as interim before S. Jaganathan took over. Unlike his predecessors who were from the Indian Civil Service, Adarkar was an economist and had served in the office of the Economic Adviser of the Government of India. Prior to that he had held various important

pos: State Bank of India Indian subcontinent. The Bank of Madras merged into the other two "presidency banks" in British India, the Bank of Calcutta and the Bank of Bombay, to form the Imperial Bank of India, which in turn became the State Bank of India in 1955. The Government of India took control of the Imperial Bank of India in 1955, with Reserve Bank of India (India's central bank) taking a 60% stake, renaming it the State Bank of India. In 2008, the government took over the stake held by the Reserve Bank of India. The roots of the State Bank of India lie

pos: State Bank of India the Government of India. The Presidency banks amalgamated on 27 January 1921, and the re-organised banking entity took as its name Imperial Bank of India. The Imperial Bank of India remained a joint stock company but without Government participation. Pursuant to the provisions of the State Bank of India Act of 1955, the Reserve Bank of India, which is India's central bank, acquired a controlling interest in the Imperial Bank of India. On 1 July 1955, the Imperial Bank of India became the State Bank of India. In 2008, the Government of India acquired the Reserve Bank of India's stake

neg: Raghuram Rajan Singh's request. On 10 August 2012 Rajan was appointed as [[Chief Economic Adviser to the Government of India|chief economic adviser]] to India's [[Ministry of Finance (India)|Ministry of Finance]], succeeding [[Kaushik Basu]] in the role. He prepared the [[Economic Survey of India]] for the year 2012–13. On 6 August 2013 it was announced that Rajan would take over as the [[Governor of the Reserve Bank of India|Governor]] of the [[Reserve Bank of India]] for a term of 3 years, succeeding [[Duvvuri Subbarao]]. On 5 September 2013 he took charge as the [[List of Governors of Reserve Bank of India|23rd governor]], at

neg: Viral Acharya of India as Deputy Governor of the Reserve Bank of India for a period of three years, starting on 20 January 2017. He has composed a music album titled "Yaadon Ke Silsile". Acharya is a recipient of the Alexandre Lamfalussy Senior Research Fellowship of the Bank for International Settlements for 2017, and the inaugural Banque de France and Toulouse School of Economics Junior Prize in Monetary Economics and Finance in 2011. Viral Acharya Viral V. Acharya (born 1 March 1974) is an Indian economist who has been appointed as Deputy Governor of Reserve Bank of India (RBI). He also serves

neg: Osborne Smith Osborne Smith Sir Osborne Arkell Smith, KCSI, KCIE (26 December 1876 – 30 August 1952) was the first Governor of the Reserve Bank of India, a post he held from 1 April 1935 to 30 June 1937. Smith was a professional banker who served for 20 years with the Bank of New South Wales and 10 years with the Commonwealth Bank of Australia. He then came to India in 1926 as Managing Governor of the Imperial Bank of India. He was knighted in March 1929, and was invested with his knighthood by the Governor-General of India, Lord Irwin, at the

neg: Urjit Patel resigned from the post of Governor of the Reserve Bank of India (RBI) effective immediately. When the UPA Government in India came into power for a second term in 2009, it announced a '100-day’ action plan, which became a hot topic for media discussion. Surprisingly, Urjit Patel was the expert commentator on UPA's first 100 days on Hindi News Channel, although he had no prior media exposure in India. Urjit Patel Urjit Ravindra Patel (born 28 October 1963) is an Indian economist, who served as the 24th Governor of the Reserve Bank of India (RBI) from 4 September 2016 to

neg: James Braid Taylor of the Indian rupee. His second term came to an end when he died in office on 17 February 1943. He was succeeded by Sir C. D. Deshmukh who became the first Indian to lead the Reserve Bank of India. Who's Who, 1941 James Braid Taylor Sir James Braid Taylor, KCIE (21 April 1891 – 17 February 1943) was the second Governor of the Reserve Bank of India, holding office from 1 July 1937 until his death on 17 February 1943. He succeeded Sir Osborne Smith who was the Governor from 1 April 1935 to 30 June 1937. He was

neg: Viral Acharya Viral Acharya Viral V. Acharya (born 1 March 1974) is an Indian economist who has been appointed as Deputy Governor of Reserve Bank of India (RBI). He also serves as a member of the advisory council of the RBI Academy and is a member of the Academic Council of the National Institute of Securities Markets (NISM), Securities and Exchange Board of India (SEBI) since 2014. As of 20 January 2017, he is serving a three-year term as a Deputy Governor of the Reserve Bank of India. Acharya was ranked fifth nationally in 1991 in the Joint Entrance Examination on the

neg: Mayo College of Axis Bank, P.J. Nayak, Member of the Bank of England Monetary Policy Committee, Sushil Wadhwani, the retired Chief general manager & Executive Director of the Reserve Bank of India & erstwhile managing director of NABARD, Yashwant Thorat, as well as Rakesh Mohan, who served as Deputy Governor of the Reserve Bank of India have all schooled at Mayo. Mayo has also produced academic economists like Alok Bhargava who researches on food policy issues in developing countries and in developed countries for formulating public policies. Mayo has produced scientists such as the eminent scientist in the field of electronic materials,

neg: Usha Thorat Usha Thorat Usha Thorat, (born 20 February 1950) served as Deputy Governor of the Reserve Bank of India (RBI) (India's central bank) from 10 November 2005 to 8 November 2010. Prior to this she was the executive Director of the RBI. Thorat is an alumna of the Lady Shri Ram College for Women, New Delhi and Delhi School of Economics. Usha Thorat has been the Reserve Bank of India nominee on the boards of Bank of Baroda, Indian Overseas Bank and the Securities Trading Corporation of India. She has been Executive Director of RBI since April 2004. As Deputy Governor

neg: Jagdish Capoor 20 July 2010. Jagdish Capoor Mr. Jagdish R. Capoor is a former Deputy Governor of Reserve Bank of India. He is also the Chairman of Manappuram Finance Limited. Reserve Bank of India. Mr. Jagdish Capoor holds a master's degree in Commerce from the University of Agra. He is also a Fellow of the Indian Institute of Banking and Finance. Capoor retired from RBI on 30 June 2001. After retirement, he joined HDFC Bank as the Chairman. Jagdish Capoor's commercial affiliation post retirement reads like a Who is Who of the Indian financial industry. He has been the Chairman of "Agricultural

neg: Jagdish Capoor Jagdish Capoor Mr. Jagdish R. Capoor is a former Deputy Governor of Reserve Bank of India. He is also the Chairman of Manappuram Finance Limited. Reserve Bank of India. Mr. Jagdish Capoor holds a master's degree in Commerce from the University of Agra. He is also a Fellow of the Indian Institute of Banking and Finance. Capoor retired from RBI on 30 June 2001. After retirement, he joined HDFC Bank as the Chairman. Jagdish Capoor's commercial affiliation post retirement reads like a Who is Who of the Indian financial industry. He has been the Chairman of "Agricultural Finance Corporation Ltd"

neg: 1997 Constitution of Fiji: Chapter 10 Commissioner of Police. In consultation with the applicable Cabinet Minister and with the Board of the Reserve Bank, the Constitutional Offices Commission also appoints the Governor of the Reserve Bank; this last office is declared "not" to be a public office. Sections 147 through 151 specify the functions of the Public Service Commission. It is empowered to appoint, remove, and take disciplinary action against holders of public offices. Offices that are explicitly excluded from the jurisdiction of the Public Service Commission include judges, offices for which the Constitutional Offices Commission or the Disciplined Services Commission are responsible, offices which come

neg: Governor of the Central Bank of Iran Governor of the Central Bank of Iran Governor of the Central Bank of Iran () is the highest administrative authority of the Central Bank of Iran, making decisions concerning all such current affairs of the bank. Presently, the President appoints the governor upon the recommendation of the Minister of Economic Affairs and Finance, who must be verified by the CBI's general assembly. Unlike many countries, the governor of central bank is not mandated to decide on the monetary policy in Iran by himself, but he is head of the body with that responsibility, The Currency and Credit Council, an organ

neg: Carmichael Road Khanderao Gaekwar, and later by the Wagles and Lalvanis families, sold for , also in same year, an apartment in the Kamal Mahal building fetched . The street has official residences of the Governor of Reserve Bank of India, Chairman of the Mumbai Port Trust and the Municipal Commissioner of Mumbai, besides consulates of Japan, China and Belgium. Some of the notable residents have been [Dr. Manmohan Singh, former Prime Minister of India, when he was the Governor of Reserve Bank of India], Ashok Kumar Jain, Chairman, Bennet & Colemann, The Times of India group, Andrew Geddis, industrialist, Kumar Mangalam

neg: Reserve Bank of India and takes measures to strength the role of statutory auditors in the financial sector, external monitoring and internal controlling systems. The Tarapore committee was set up by the Reserve Bank of India under the chairmanship of former RBI deputy governor S.S.Tarapore to "lay the road map" to capital account convertibility. The five-member committee recommended a three-year time frame for complete convertibility by 1999–2000. On 8 December 2017, Surekha Marandi, Executive Director (ED) of Reserve Bank of India, said RBI will open an office in the north-eastern state of Arunachal Pradesh The central bank of any country executes many functions such

neg: I Do What I Do I Do What I Do I do what I Do is a non fiction book authored by economist and former Governor of the Reserve Bank of India, Raghuram Rajan published by Harper Collins India in 2017. The book is a collection of speeches delivered by Rajan during his stint as the Governor of the Reserve Bank of India along with his commentary on the economic and political context prevalent at that time. The book was released on September 5, 2017 and quickly made its way to topping the list of best sellers on Amazon India and Flipkart. The book has

neg: H. V. R. Iyengar H. V. R. Iyengar H V R Iyengar (Haravu Venkatanarasimha Varadaraja Iyengar) CIE, ICS (23 August 1902 – 22 February 1978) was the sixth Governor of the Reserve Bank of India from 1 March 1957 to 28 February 1962. He was a member of the Indian Civil Service, entering on 20 October 1926. He was invested as a Companion of the Order of the Indian Empire (CIE) in the 1941 New Year Honours. He served as the Chairman of State Bank of India, before his appointment as the Governor of the Reserve Bank. During Iyengar's tenure the Indian coinage system

neg: Reserve Bank of Australia The longest-serving governor, if his service to both the Commonwealth Bank and the Reserve Bank of Australia are included, is H.C. Coombs, who served nineteen years and six months combined. He is regarded by some as one of the most committed anti-inflationists in government throughout the 1950s and 1960s. The longest-serving Commonwealth Bank governor is Sir Ernest Riddle, who served eleven years and four months, while the longest-serving Reserve Bank governor is Ian Macfarlane, who served ten years. The shortest-serving governor by many years is James Kell, who served 2 years for the Commonwealth Bank. A number of buildings associated

neg: Raghuram Rajan Raghuram Rajan Raghuram Govind Rajan (born 3 February 1963) is an Indian economist and an international academician who is the Katherine Dusak Miller Distinguished Service Professor of Finance at the University of Chicago Booth School of Business. He was the 23rd Governor of the Reserve Bank of India between September 2013 and September 2016. Between 2003 and 2006, Rajan was the Chief Economist and Director of Research at the International Monetary Fund. In 2015, during his tenure at the Indian Reserve Bank he also became Vice-Chairman of the Bank for International Settlements. At the Federal Reserve annual Jackson Hole conference

neg: Reserve Bank of India for a four-year term. The Board consists of a governor, and not more than four deputy governors; four directors to represent the regional boards; 2 — usually the Economic Affairs Secretary and the Financial Services Secretary — from the Ministry of Finance and 10 other directors from various fields. The Reserve Bank — under Raghuram Rajan's governorship — wanted to create a post of a chief operating officer (COO), in the rank of deputy governor and wanted to re-allocate work between the five of them (four deputy governor and COO). The bank is headed by the governor, currently Shaktikanta Das.

neg: M. Narasimham M. Narasimham Maidavolu Narasimham (born 1927) was the thirteenth governor of the Reserve Bank of India (RBI) from 2 May 1977 to 30 November 1977. He hails from Mydavolu village of Guntur District in Andhra Pradesh. RBI follows a policy of in-house promotions, where all staff persons are promoted internally. The only two jobs where this is not done is for the governor and one deputy governor. In Narasimham's case, in house promotion was upheld even for the governor's post. Hence he was the first Reserve Bank cadre officer to be appointed as governor. He had joined the bank as

neg: C. D. Deshmukh Berar where he went on to hold several posts including as undersecretary to the government, Deputy Commissioner and Settlement Officer and as secretary to the Secretary-General at the Second Round Table Conference of 1931, later becoming secretary to the finance and public works department. He also served briefly as Joint Secretary to Government of India in the departments of education and health and was Custodian of Enemy Property. Deshmukh joined the Reserve Bank of India in 1939 and served successively as its Secretary to the Board, Deputy Governor and the Governor. He was appointed Governor of the Reserve Bank of

neg: Dattatreya Gopal Karve to become a Director of the Bombay State Cooperative Bank, Vice-Chairman of the State Bank of India (1960-1962) and Deputy Governor of the Reserve Bank of India (1962-1964). During his tenure at the Reserve Bank of India he served as Chairman of the Central Committee of Cooperative Training – a position that helped spread the cooperative model widely within India. He went on to serve as a special consultant to the United Nations Food and Agriculture Organization. He participated in and chaired several commissions of the International Cooperative Alliance, and was Chairman of the 23rd session of the International Cooperative

neg: I Do What I Do success. He has further gone on to call that rather than demonetization as an exercise, better end to end income and asset tracking mechanisms, including the usage of biometric systems such as Aadhaar will be instrumental in battling 'black money'. I Do What I Do I do what I Do is a non fiction book authored by economist and former Governor of the Reserve Bank of India, Raghuram Rajan published by Harper Collins India in 2017. The book is a collection of speeches delivered by Rajan during his stint as the Governor of the Reserve Bank of India along with

neg: Reserve Bank of India, South Zonal Office Bank of India Act, 1934 (II of 1934). The bank began its operations by taking over from the government the functions so far being performed by the Controller of Currency and from the Imperial Bank of India, the management of government accounts and public debt. The Central Office of the Reserve Bank, where the governor sits and where policies are formulated, was initially established in Calcutta but was permanently moved to Mumbai in 1937. The existing currency offices at Calcutta, Bombay, Madras, Rangoon, Karachi, Lahore and Cawnpore (Kanpur) became branches of the Issue Department. Offices of the Banking Department were

neg: Bandhan Bank Bandhan Bank Bandhan Bank Ltd. is an Indian banking and financial services company headquartered in Kolkata, West Bengal. Bandhan, which started as a micro-finance company in 2001, received banking licence by Reserve Bank of India in 2014. Bandhan Bank became the 8th largest bank (27 March 2018) in India by market capital (₹ 569520 Cr). According to the Annual Report of the bank of 2016-17, the Bank has 936 branches, 2,764 DSCs (Doorstep Services) and 460 ATMs and 15,185 Mini-ATMs (Hand-Held Devices). Bandhan Bank has Mr. Harun Rasid Khan as Chairman. He has been the Deputy Governor of the Reserve

neg: Shaktikanta Das simultaneously superannuated from service on 28May2017, after being given a three-monthextension by the government. During his tenure as Union Economic Affairs Secretary, Das was widely regarded as one of the most powerful civil servants in India. Post his retirement from the IAS, Das was appointed a member of the FifteenthFinance Commission by the ACC. In addition, he was appointed as India's Sherpa to the G20 by the ACC. In December2018, on his appointment as the governor of the Reserve Bank of India, Das resigned from his position in the FifteenthFinance Commission. Das was appointed Governor of the Reserve Bank of

neg: Duvvuri Subbarao Duvvuri Subbarao Duvvuri Subbarao (born 11 August 1949), is an Indian Economist, Central Banker and Civil Servant. He was the 22nd Governor of Reserve Bank of India, served under Prime Minister Dr.Manmohan Singh. He currently lives in Singapore and is a distinguished visiting faculty at National University of Singapore. Dr. D. Subbarao is a 1972 batch Indian Administrative Service (IAS) officer of Andhra Pradesh cadre. He was appointed the 22nd Governor of Reserve Bank of India (RBI) from 5 September 2008, with an extension in 2011 till 4 September 2013. Subbarao's hometown is Eluru in West Godavari district, Andhra Pradesh.

neg: Y. Venugopal Reddy approach to financial sector reforms. A 19 December 2008 article in the "New York Times" has credited the tough lending standards he imposed on the Indian banks as RBI Governor for saving the entire Indian banking system from the sub-prime and liquidity crisis of 2008. At the Reserve Bank, he was Member-Secretary of two high level committees: one on Balance of payments and the other on Public Sector disinvestments. Dr. C. Rangarajan, former Governor, Reserve Bank of India headed both the committees. Reddy was also a member of the Reserve Bank of India's Policy Group on External Debt Statistics. Reddy

neg: Monetary Policy Committee of India benchmark interest rates used to be taken by the Governor of Reserve Bank of India alone prior to the establishment of the committee. The Governor of RBI is appointed and can be disqualified by the Government anytime. This led to uncertainty and resulted in friction between the Government and the RBI, especially during the times of low growth and high inflation. Before the constitution of the MPC, a Technical Advisory Committee (TAC) on monetary policy with experts from monetary economics, central banking, financial markets and public finance advised the Reserve Bank on the stance of monetary policy. However, its role

neg: Governor (India) the Legislative Assembly. The governor also appoints the other members of the Council of Ministers and distributes portfolios to them on the advice of the chief minister. The Council of Ministers remain in power during the 'pleasure' of the governor, but in the real sense it means the pleasure of obtaining majority in the Legislative Assembly. As long as the majority in the Vidhan Sabha supports the government, the Council of Ministers cannot be dismissed. The governor appoints the chief minister of a state. He or she also appoints the Advocate General and the chairman and members of the State

neg: House of Habib holds an important place in Pakistan's early history. Habib Bank was shifted to Pakistan on the personal request of its first Governor General Mohammad Ali Jinnah. Mohammad Ali Habib came to the aid of the nascent state "even before the Government of Pakistan was ready to issue appropriate government paper" with a Rs 80 million loan when the Reserve Bank of India failed to deliver Pakistan share of Rs 900 million held by it. It is said that Mohammad Ali Habib gave a blank cheque on Lloyds Bank to Governor General Jinnah who wrote Rs 80 million in it. The

neg: Constitution of Bhutan appoints the heads of the Defence Forces from a list of names recommended by the Service Promotion Board. The King appoints the Attorney General of Bhutan, the Chairperson of the Pay Commission, the Governor of the Central Bank of Bhutan, the Cabinet Secretary, and Bhutanese ambassadors and consuls on the recommendation of the Prime Minister. The King also appoints Dzongdags to head Local Governments, and other secretaries to the Government on the recommendation of the Prime Minister who obtains nominations from the Royal Civil Service Commission on the basis of merit and seniority and in accordance with other relevant rules

neg: Reserve Bank of Australia and other securities, for markets both in and outside of Australia. The Payments System Board fills the role of deciding on the bank's payments system policy and the Reserve Bank Board is responsible for all other monetary and banking policies of the bank. Conflicts between the two Boards do not occur often and when they do, they are resolved by the governor. The Reserve Bank Board consists of nine members in total. These members include the three "ex officio" members of the board, consisting of the governor of the reserve bank, who is chairman of the board, the deputy governor

neg: P. C. Bhattacharya P. C. Bhattacharya Paresh Chandra Bhattacharya OBE (born 1 March 1903) was the seventh Governor of the Reserve Bank of India from 1 March 1962 to 30 June 1967. Unlike his predecessors he was a member of the Indian Audits and Accounts Service (IA&AS). He was appointed an Officer of the Order of the British Empire (OBE) in the 1946 New Year Honours. He served as Secretary in the Finance Ministry and later as Chairman of State Bank of India before his appointment as the Governor. As RBI Governor he strongly opposed the nationalising of private banks in India, by

neg: Central Bank of Bosnia and Herzegovina appointed by the BH presidency for a six-year mandate. The governing board appoints one of its members as governor. The governor of the Central Bank of Bosnia and Herzegovina is Senad Softić. The management of the Central Bank of Bosnia and Herzegovina consists of governor and three vice governors, appointed by the governor with the approval of the governing board. The task of the management is the operative management of the Central Bank business. Each vice governor is directly responsible for the operations of one sector of the Central Bank. Central Bank of Bosnia and Herzegovina The Central Bank of

neg: Narendra Chandra Dutta then Governor of the Reserve Bank of India, the New Standard Bank of India merged with the Comilla Banking Corporation, transferring all its assets to the latter. In 1950, Narendra Chandra Dutta along with Jyotish Chandra Das completed the merger of Comilla Banking Corporation and Bengal Central Bank and founded the United Bank of India. Narendra Chandra Dutta Narendra Chandra Dutta () (25 November 1878 – 15 April 1962) was an Indian banker, founder of Comilla Banking Corporation and later the prime mover behind the incorporation of the United Bank of India. Dutta was born to Mahesh Chandra Dutta in

neg: The High Denomination Bank Notes (Demonetisation) Act, 1978 The High Denomination Bank Notes (Demonetisation) Act, 1978 The High Denomination Bank Notes (Demonetisation) Act, 1978, of India is a law passed in the Indian Parliament, ceasing the usage of high-denomination bank notes of ₹ 500, and ₹1000. On 16 January 1978, the then President of India Neelam Sanjiva Reddy introduced the High Denomination Bank Notes (Demonetisation), Ordinance 1978. The then Prime Minister India, Morarji Desai of Janata Party, Finance Minister Hirubhai M. Patel, and Reserve Bank of India Governor I. G. Patel, are considered the key architects in the development and execution of the policy. The Preamble to the

neg: Uma Subramaniam was now given the charge of Monitoring of Fraud in NBFCs, an area where she had proved her efficiency. Uma Subramaniam Uma Subramaniam is an officer of the Reserve Bank of India, who got embroiled in the sensational Rs 20 lakh scam in December 2003 by a hoax caller claiming to be the then RBI Governor Y. V. Reddy. Although the amount involved was small, the modus operandi of the fraud and its subsequent ramifications were unparalleled in the history of Indian banking and finance system. During her long career in the Reserve Bank, Subramaniam worked as Regional Director of

neg: Uma Subramaniam Uma Subramaniam Uma Subramaniam is an officer of the Reserve Bank of India, who got embroiled in the sensational Rs 20 lakh scam in December 2003 by a hoax caller claiming to be the then RBI Governor Y. V. Reddy. Although the amount involved was small, the modus operandi of the fraud and its subsequent ramifications were unparalleled in the history of Indian banking and finance system. During her long career in the Reserve Bank, Subramaniam worked as Regional Director of RBI Bhopal, and Chief General Manager of the important Departments of Banking Supervision (DBS) and Non-Banking Supervision (DNBS) at

neg: Reserve Bank of India non-banking finance companies. The Board is constituted by co-opting four Directors from the Central Board as members for a term of two years and is chaired by the governor. The deputy governors of the reserve bank are ex-officio members. One deputy governor, usually, the deputy governor in charge of banking regulation and supervision, is nominated as the vice-chairman of the board. The Board is required to meet normally once every month. It considers inspection reports and other supervisory issues placed before it by the supervisory departments. BFS through the Audit Sub-Committee also aims at upgrading the quality of the statutory

neg: Subir Gokarn Economic Advisor -Ministry of Finance (India)) were also considered for the post that was eventually handed to Dr.Gokarn after a decision by a search panel headed by Duvvuri Subbarao and comprising Janki Ballabh (former SBI Chairman) and Vepa Kamesam (former Deputy Governor- RBI). Prior to his appointment as the Deputy Governor of the Reserve Bank of India, Dr.Gokarn was the Chief Economist of global rating agency Standard and Poor's (S&P ) Asia-Pacific since August 2007. He is the head of CRISIL's Research and Information business and also a nominee Board Member of the State Bank Of India. Appointed at the

neg: Indian 200-rupee note of India (GOI) had examined the introduction of the ₹200 notes that would help citizens transact easily. In June 2017, a photograph of a ₹200 banknote went viral on social media platforms like Facebook and WhatsApp. RBI announced the specifications of new the 200 rupee note in the Mahatma Gandhi New Series, bearing the signature of Dr. Urjit R. Patel, Governor of the Reserve Bank of India on 25 August 2017. The Reserve Bank of India announced that new 200-rupee banknotes would be in circulation from 25 August 2017 on the occasion of Ganesh Chaturthi. As like the other Indian

neg: Mahatma Gandhi New Series of Dr. Urjit R. Patel, Governor, Reserve Bank of India on 25 August 2017.. The Reserve Bank of India has also issued 10 denomination banknotes in the Mahatma Gandhi New Series. The new denomination has a motif of the Sun Temple, Konark on the reverse, depicting the country's cultural heritage. The base colour of the note is Chocolate Brown. The RBI announced on 19 July 2018 that is would shortly issue a new 100 note.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

neg: Government policies and the subprime mortgage crisis Reserve board governor Edward Gramlich to take a more active role in policing the subprime business. A related criticism is made by economist Raghuram Rajan (Governor of Reserve Bank of India) who in a book on the financial crisis also argues that the low interest rate policy of the Greenspan Fed both allowed and motivated investors to seek out risk investments offering higher returns, leading to the subprime crisis (as well as the Dot-com bubble). The underlying cause for the American economy's tendency to go "from bubble to bubble", according to Rajan, was the "economy’s weak safety nets” for the

neg: Y. Venugopal Reddy the RBI, and infuriated Dr Reddy, who insisted on a full inquiry. Y. Venugopal Reddy Dr. Yaga Venugopal Reddy, better known as Y. V. Reddy (born 17 August 1941) is an Indian Economist and a retired Indian Administrative Service (IAS) officer of the 1964 batch belonging to Andhra Pradesh cadre. Reddy served as Governor of the Reserve Bank of India (RBI) (India's central bank) from 6 September 2003 until 5 September 2008. In 2010, he was awarded India's second highest civilian honour, the Padma Vibhushan. Reddy received his M.A. in economics from Madras University, India, and his PhD from Osmania

neg: Payment and settlement systems in India people to adopt it. Raghuram Rajan, Ex-Governor, RBI, and Nandan Nilekani, Ex-Chairman, UIDAI and Advisor, NPCI, and at the launch of Unified Payments Interface (UPI) in Mumbai. Imagine paying for everyday purchases directly from your bank, without the need for carrying cash. The RBI's new interface helps you do just that. Reserve Bank of India Governor Raghuram Rajan launched the Unified Payments Interface (UPI) system, as its latest offering in boosting digital money transfers. The interface has been developed by National Payments Corporation of India (NPCI), the umbrella organisation for all retail payments in the country. The UPI seeks to

neg: Urjit Patel Urjit Patel Urjit Ravindra Patel (born 28 October 1963) is an Indian economist, who served as the 24th Governor of the Reserve Bank of India (RBI) from 4 September 2016 to 10 December 2018. Previously, as an RBI deputy governor, he looked after monetary policy, economic policy research, statistics and information management, deposit insurance, communication and Right to Information. Appointed by the NDA government, Patel succeeded Raghuram Rajan as RBI governor on 4 September 2016. He resigned from his post on 10 December 2018 citing personal reasons. He is the first governor after 1990s to resign from his post before

neg: Bengal development compared to its neighbors. West Bengal, Tripura and Assam (home to the Barak Valley) are provincial states of the Republic of India, with local executives and assemblies- features shared with other states in the Indian federal system. The president of India appoints a governor as the ceremonial representative of the union government. The governor appoints the chief minister on the nomination of the legislative assembly. The chief minister is the traditionally the leader of the party or coalition with most seats in the assembly. President's rule is often imposed in Indian states as a direct intervention of the union

neg: Indian Institute of Management Raipur lectures, case studies, business games, simulation exercises, role plays, group discussions, field visits, and industry based projects. The students receive guest lectures from personalities of the corporate world, e.g. Governor of the Reserve Bank of India, Duvvuri Subbarao and Chairman & Managing Director of the Union Bank of India, Mavila Vishwanathan Nair. Admission to the postgraduate course of IIM Raipur is through the Common Admission Test conducted in November each year. In an effort to diversify the gender of students, a bonus 30 marks to the overall score are granted to each female candidate who is not an engineer. IIM

neg: Expenditure management commission Expenditure management commission The constitution of Expenditure Management Commission (EMC) was announced in the Budget Speech by Honorable Finance Minister of India Shri Arun Jaitley in the budget of 2014-15. The Commission will be a recommendation body with the primary responsibility of suggesting major expenditure reforms that will enable the government to reduce and manage its fiscal deficit at more sustainable levels. EMC is a five-member body composed of the former Reserve Bank Of India (RBI) Governor Bimal Jalan, who has been appointed to Head the Commission, former Finance Secretary Sumit Bose, former Deputy RBI Governor Subir Gokarn and two

neg: Indian 2000-rupee note reported that ₹2000 notes had been printed from the currency printing press in Mysuru by the end of October 2016. Post 2016 Indian banknote demonetisation, five new currency notes have been announced by Reserve Bank of India-- ₹2,000, ₹500, ₹200, ₹50, and ₹10. The new 2000 banknote is a 66 mm × 166 mm violet shade coloured note, with the obverse side featuring a portrait of Mahatma Gandhi, the Ashoka Pillar Emblem, and the signature of Reserve Bank of India Governor. It has Braille print on it, to assist the visually challenged in identifying the currency. The reverse side features

neg: Duvvuri Subbarao Governor to the very organisation against which the complaint had been made. This led to alleged and massive harassment of Dr. Tuljapurkar (an ex-Director of Bank of Maharashtra) by the bank management, undermining the abject failure of whistle-blowing policy in both RBI and BoM. He is married to Urmila Subbarao. They have two sons, Mallik and Raghav, who are both IIT graduates like their father. Subbarao's book, ""Who Moved My Interest Rate?: Leading the Reserve Bank of India Through Five Turbulent Years", was published in July 2016. Duvvuri Subbarao Duvvuri Subbarao (born 11 August 1949), is an Indian Economist, Central

neg: Gerhard de Kock Gerhard de Kock Dr. Gerhardus Petrus Christiaan de Kock better known as Gerhard de Kock (14 February 1926 — 7 August 1989) was the sixth Governor of the South African Reserve Bank. He was the son of Dr. M.H. de Kock, who was the third Governor of the South African Reserve Bank. South Africa's constitutional arrangements were changed during his term in office. The 1st Republic was superseded by the 2nd Republic in late 1984. Dr. de Kock was the first (and only) Governor of the South African Reserve Bank to die in office. His term was from 1 January

neg: Reserve Bank of India, South Zonal Office 1935 and was operated from a rented premises of the State Bank of India office building located at Parry's Corner. The present building was constructed in the 1960s by Tarapore Company. Zonal Training Centre of RBI Reserve Bank of India, South Zonal Office The Reserve Bank of India in Chennai is one of the four zonal representations of the Reserve Bank of India, the central bank of India, the other three being located in New Delhi, Mumbai, and Kolkata. The central office of the Reserve Bank is located in Mumbai. The Chennai office serves the southern region of the country.

neg: India Observatory India Observatory The India Observatory (IO) is a research unit at the London School of Economics and Political Science (LSE). The IO and the IG Patel Chair were established in 2006 in partnership with the Reserve Bank of India (RBI) and the State Bank of India (SBI) in honour of former Director of LSE and former Governor of RBI, Dr IG Patel. The Director of the IO, and current holder of the IG Patel Chair, is Lord Nicholas Stern of Brentford. Dr Ruth Kattumuri, Co-Director of the IO, is founder of the IG Patel Chair and the India Observatory. As

neg: SBI Youth for India Kalam (ex-President of India), Mr. Ratan Tata (Chairman, Tata Group), D.S. Subbarao (Governor, Reserve Bank of India), Mrs. Rajashree Birla (Director of the Aditya Birla Group of Companies), Mr. O. P. Bhatt (Chairman, State Bank of India), and Professor M.S. Swaminathan (the proponent of the Green Revolution in India) amongst others. The Programme seeks to help India secure an equitable and sustainable growth path by: ve change at the grass root level in rural India. The Fellows range between 21–32 years of age and they come from all parts of India. Adequate representation of all geographical regions of the country

neg: India Observatory at LSE and currently the annual LSE SU India Forum. India Observatory The India Observatory (IO) is a research unit at the London School of Economics and Political Science (LSE). The IO and the IG Patel Chair were established in 2006 in partnership with the Reserve Bank of India (RBI) and the State Bank of India (SBI) in honour of former Director of LSE and former Governor of RBI, Dr IG Patel. The Director of the IO, and current holder of the IG Patel Chair, is Lord Nicholas Stern of Brentford. Dr Ruth Kattumuri, Co-Director of the IO, is founder

neg: Priority Sector Lending Certificates Priority Sector Lending Certificates was launched by the Reserve Bank of India. Within twelve months of the launch of the Priority Sector Lending Certificates portal for trading, a total of INR 430.1 billion (US$6.63 billion as of 31 March 2017) of PSLC SF/MF and PSLC General by volume was traded. Reserve Bank of India Deputy Governor R. Gandhi said that "PSL certificates, which will be eligible for classification under respective categories of priority sector, bought by banks, may dent the growth of securitised market." No reason has been shared for this assertion. A direct tax combined with a system for

neg: Indian 10-rupee note announced, a new redesigned 10 banknote. The Reserve Bank of India issued 10 denomination banknotes in the Mahatma Gandhi (New) Series with motif of Sun Temple, Konark on the reverse, depicting the country's cultural heritage. The base colour of the note is Chocolate Brown. Dimension of the banknote will be 63mm x 123mm. The 10 banknote of the Mahatma Gandhi Series is 137 × 63 mm Orange-violet coloured, with the obverse side featuring a portrait of Mahatma Gandhi with a signature of the governor of Reserve Bank of India. It has the Braille feature to assist the visually challenged in

neg: Reserve Bank of India, South Zonal Office Reserve Bank of India, South Zonal Office The Reserve Bank of India in Chennai is one of the four zonal representations of the Reserve Bank of India, the central bank of India, the other three being located in New Delhi, Mumbai, and Kolkata. The central office of the Reserve Bank is located in Mumbai. The Chennai office serves the southern region of the country. It is also the office of the regional director of the bank for the Indian state of Tamil Nadu, along with 19 other regional offices across the country. The Chennai zonal office is located in Fort

neg: International Monetary Fund Popescu-Tăriceanu claimed that "Since 2005, IMF is constantly making mistakes when it appreciates the country's economic performances". Former Tanzanian President Julius Nyerere, who claimed that debt-ridden African states were ceding sovereignty to the IMF and the World Bank, famously asked, "Who elected the IMF to be the ministry of finance for every country in the world?" Former chief economist of IMF and former Reserve Bank of India (RBI) Governor Raghuram Rajan who predicted Financial crisis of 2007–08 criticised IMF for remaining a sideline player to the Developed world. He criticised IMF for praising the monetary policies of the US, which

neg: Reserve Bank of India still they perform activities and functions with the goal of maintaining economic stability and growth of an economy. The bank is also active in promoting financial inclusion policy and is a leading member of the Alliance for Financial Inclusion (AFI). The bank is often referred to by the name Mint Street. RBI is also known as banker's bank. The preamble of the Reserve Bank of India describes the basic functions of the reserve bank as: The Reserve Bank of India was established following the Reserve Bank of India Act of 1934. Though privately owned initially, it was nationalised in 1949

neg: Reserve Bank of India report titled "Trend and Progress of Banking In India" is published annually, as required by the "Banking Regulation Act, 1949". The report sums up trends and developments throughout the financial sector. Starting in April 2014, the Reserve Bank of India publishes bi-monthly policy updates. Reserve Bank of India The Reserve Bank of India (RBI) is India's central banking institution, which controls the issuance and supply of the Indian rupee. Until the Monetary Policy Committee was established in 2016, it also controlled monetary policy in India. It commenced its operations on 1 April 1935 in accordance with the "Reserve Bank of

neg: H. S. S. Lawrence rural banks under Lawrence's Chairmanship. Interviews for selection of candidates for banks were held in Calcutta, Berhampur, Burdwan, Malda, Krishnagar, Midnapur, Siliguri, Gangtok (Sikkim), and Port Blair (Andamans). He lectured in staff colleges of UCO Bank and Allahabad Bank on the conduct of interviews. Lawrence was elected member of Governing Board of IBPS, Bombay. He attended meetings of the Governing Board at the office of the Governor Reserve Bank of India, Mr R. N. Malhotra who was also Chairman of IBPS. In 1978, Lawrence introduced vocational education at the +2 stage along with a syllabus for 52 vocational subjects. Vocational

neg: Reserve Bank of New Zealand Reserve Bank of New Zealand The Reserve Bank of New Zealand (RBNZ, ) is the central bank of New Zealand. It was established in 1934 and is constituted under the Reserve Bank of New Zealand Act 1989. The Governor of the Reserve Bank is responsible for New Zealand's currency and operating monetary policy. The Bank's current Governor is Adrian Orr. Employees of the bank operate under the framework of a managerial hierarchy. The Reserve Bank of New Zealand does not offer financial services to the public nor does it offer deposit insurance, and its website refers people to other financial

neg: Glenn Stevens the Federal Reserve Bank of San Francisco. Subsequently, Stevens held positions in the Reserve Bank of Australia, as Head of the Economic Analysis Department, the Head of the International Department, and was Assistant Governor (Economic) from 1996 to 2001, prior to his appointment as Deputy Governor in December 2001. Following the September 2006 retirement of Ian Macfarlane, who served as Governor for ten years, Stevens was appointed to replace Macfarlane. Stevens has demonstrated a commitment to the style of operation of the Reserve established under Macfarlane including its independence from the direct influence of government, the 2-3% inflation target over

neg: R Gandhi R Gandhi Rama Subramaniam Gandhi is a retired deputy governor of the Reserve Bank of India. He was appointed as Deputy Governor in April 2014. During the three years in office as Deputy Governor, Gandhi held charge of almost every area of the central bank; initially he held the portfolio of banking, non-banking and cooperative banking regulation, risk management (financial and operational risk management, internal control, and financial stability) and currency management. During the last year of his term, in a portfolio change, he held the portfolio of financial market regulation, foreign exchange and external reserves management, accounts, payment systems,

neg: M. Narasimham a research officer in the Economic Department. He later joined the government, and prior to his appointment as governor he served as additional secretary of the Department of Economic Affairs. After his short term as RBI governor, he served as India's executive director at the World Bank and later at the International Monetary Fund. Narasimham also served as secretary in the Ministry of Finance. He was awarded Padma Vibhushan award in 2000. M. Narasimham Maidavolu Narasimham (born 1927) was the thirteenth governor of the Reserve Bank of India (RBI) from 2 May 1977 to 30 November 1977. He hails from

neg: R Gandhi diverse fields as banking and non-banking regulation, financial market regulation and operation, payment systems, currency management, risk management, information technology, and human resources management. R Gandhi - Executive Profile R Gandhi Rama Subramaniam Gandhi is a retired deputy governor of the Reserve Bank of India. He was appointed as Deputy Governor in April 2014. During the three years in office as Deputy Governor, Gandhi held charge of almost every area of the central bank; initially he held the portfolio of banking, non-banking and cooperative banking regulation, risk management (financial and operational risk management, internal control, and financial stability) and currency

neg: Reserve Bank of India Act, 1934 anyone. The Section 42(1) says that every scheduled bank must have an average daily balance with the RBI. The amount of the deposit shall be more that a certain percentage of its net time and demand liabilities in India. Reserve Bank of India Act, 1934 Reserve Bank of India Act, 1934 is the legislative act under which the Reserve Bank of India was formed. This act along with the Companies Act, which was amended in 1936, were meant to provide a framework for the supervision of banking firms in India. The Act contains the definition of the so-called scheduled banks,

neg: New Development Bank and that’s quite important I think. It’s a permanent working instrument which will be working every day and which will be in the heart of BRICS cooperation," he added. According to former Reserve Bank of India governor Raghuram Rajan, the NDB "Is a co-operative effort between all BRICS countries." "We have already reached contingency reserve agreement (CRA). This is second. Let’s see how it develops. Lots of hopes embedded in it for greater cooperation (among the) BRICS countries," he told reporters in February 2016. The logo of the New Development Bank borrows from the mathematical concept of a Mobius strip

neg: Bank of Uganda formulates policy and ensures that anything required to be done by the bank under the statute as well as anything else that is within or incidental to the functioning of the bank is carried out. The president of Uganda appoints both the governor and the deputy governor, on the advice of the cabinet, for five-year renewable terms. Other members of the board (not fewer than four and not more than six) are appointed by the minister of finance for three-year renewable terms. The secretary to the treasury is an ex-officio member of the board. The governor is Emmanuel Tumusiime-Mutebile and

neg: P. C. Bhattacharya writing a letter to the then Deputy Prime Minister Morarji Desai warning about the costs of nationalising the banks saying it was not desirable. During his tenure the size of the currency notes of denomination 5, 10 and 100 were reduced in size for economic reasons. Bhattacharya's tenure saw the establishment of the Industrial Development Bank of India in 1964, the Agricultural Refinance Corporation in 1963 and the Unit Trust of India in 1964. P. C. Bhattacharya Paresh Chandra Bhattacharya OBE (born 1 March 1903) was the seventh Governor of the Reserve Bank of India from 1 March 1962 to

neg: Reserve Bank of Australia government and so in the Reserve Bank Board's opinion that its powers are used to help with: In practice the Reserve Bank concentrates on the first objective, that is to control inflation through monetary policy. The current objective is a policy of inflation targeting aimed at maintaining the annual inflation rate at between "2–3 per cent, on average, over the cycle". This target was first set in 1993 by the then Reserve Bank Governor Bernie Fraser and was then formalised in 1996 by the then Treasurer Peter Costello and incoming Reserve Bank Governor Ian Mcfarlane. The Reserve Bank gives banking

neg: Chief minister (India) Chief minister (India) In the Republic of India, a chief minister is the elected head of government of each of Twenty nine states and seven union territories (Delhi and Pondicherry). According to the Constitution of India, the Governor is a state's "de jure" head, but "de facto" executive authority rests with the chief minister. Following elections to the state legislative assembly in a state, the state's governor usually invites the party (or coalition) with a majority of seats to form the government. The governor appoints and swears in the chief minister, whose council of ministers are collectively responsible to the

neg: James Braid Taylor James Braid Taylor Sir James Braid Taylor, KCIE (21 April 1891 – 17 February 1943) was the second Governor of the Reserve Bank of India, holding office from 1 July 1937 until his death on 17 February 1943. He succeeded Sir Osborne Smith who was the Governor from 1 April 1935 to 30 June 1937. He was appointed a CIE in the 1933 New Year Honours List, knighted in the 1935 Silver Jubilee and Birthday Honours List and further appointed a KCIE in the 1939 Birthday Honours List. Taylor, a member of the Indian Civil Service, served as a Deputy

neg: Government of Andhra Pradesh Government of Andhra Pradesh Government of Andhra Pradesh is the Government for the state of Andhra Pradesh in South India. It is an elected government with 175 MLAs elected to the legislative assembly for a 5-year term. Government of ANDHRA PRADESH is a democratically elected body that governs the State of ANDHRA PRADESH, India. The state government is headed by the Governor of ANDHRA PRADESH as the nominal head of state, with a democratically elected Chief Minister as the real head of the executive. The governor who is appointed for five years appoints the chief minister and his council of

neg: State governments of India the states with regional parties. State Executive consists of Governor, Council of Ministers with Chief Minister as its head and Advocate General. The Governor of a State is appointed by the President for a term of five years and holds office during his pleasure. Only Indian citizens above 35 years of age are eligible for appointment to this office. Executive power of the State is vested in Governor. Council Of Ministers The Chief Minister is appointed by the Governor who also appoints other ministers on the advice of the Chief Minister. The Council of Ministers is collectively responsible to legislative

neg: Governor (India) and defend the constitution and the law as incorporated in his/her oath of office under of the Indian constitution in the administration of the State affairs. All his/her actions, recommendations and supervisory powers (Article 167c, Article 200, Article 213, Article 355, etc.) over the executive and legislative entities of a State shall be used to implement the provisions of the Constitution. In this respect, the governor has many different types of powers: The Constitution vests in the governor all the executive powers of the state government. The governor appoints the chief minister, who enjoys the support of the majority in

neg: National Payments Corporation of India ten core promoter banks (State Bank of India, Punjab National Bank, Canara Bank, Bank of Baroda, Union Bank of India, Bank of India, ICICI Bank, HDFC Bank, Citibank and HSBC). The Board consists of Biswamohan Mahapatra as the Non Executive Chairman, Nominees from Reserve Bank of India and Nominees from ten core promoter banks. Dilip Asbe is the current managing director and chief executive officer of NPCI after A. P. Hota, who retired from the post on August 10, 2017. The corporation service portfolio now and in the future include: RuPay is a domestic card scheme of India. The card

neg: Reserve Bank of India Act, 1934 Reserve Bank of India Act, 1934 Reserve Bank of India Act, 1934 is the legislative act under which the Reserve Bank of India was formed. This act along with the Companies Act, which was amended in 1936, were meant to provide a framework for the supervision of banking firms in India. The Act contains the definition of the so-called scheduled banks, as they are mentioned in the 2nd Schedule of the Act. These are banks which were to have paid up capital and reserves above 5 lakh. The Section 17 of the Act defines manner in which the RBI can

neg: Reserve Bank of India, South Zonal Office Glacis on Rajaji Salai. The Chennai office also represents the local board for the southern region of India headed by a director and is also one of the four zonal training centres of the bank. The Reserve Bank Staff College is located at Anna Salai, Teynampet, which is one of the two colleges of the bank, the other one located in Pune. The Reserve Bank of India was established on the basis of the recommendations of the Hilton Young Commission. The bank commenced operations on 1 April 1935. The bank was established in accordance with the provisions of the Reserve

neg: Reserve Bank of India Reserve Bank of India The Reserve Bank of India (RBI) is India's central banking institution, which controls the issuance and supply of the Indian rupee. Until the Monetary Policy Committee was established in 2016, it also controlled monetary policy in India. It commenced its operations on 1 April 1935 in accordance with the "Reserve Bank of India Act, 1934". The original share capital was divided into shares of 100 each fully paid, which were initially owned entirely by private shareholders. Following India's independence on 15 August 1947, the RBI was nationalised on 1 January 1949. The RBI plays an important

neg: Governor (India) Public Service Commission. Apart from this, State Election Commissioner are also appointed by the Governor (though removed by the President). The president consults the governor in the appointment of judges of the High Courts and the governor appoints the judges of the District Courts. All administrations are carried on his or her name, he or she also has the power to appoint staff for his tenure in class one and class four as per constitution of India. The Governor of the state by virtue of his office is also the Chancellor of most of the Universities in the State. The

neg: Reserve Bank of Australia banking policy, which is often accomplished through the governor's meetings with the Treasurer. Since 1996, the governor and other senior members of the bank have appeared twice annually before the House of Representatives Standing Committee on Economics to explain the conduct of the bank. The Reserve Bank governor is appointed to a term of up to seven years by the Treasurer and are eligible to be reappointed at the end of their term. The governor is the chairman of both the Payment Systems Board and the Reserve Bank Board and therefore resolves any disputes that occur between the two entities.

neg: Gerhard de Kock Lecture, which was delivered annually by a prominent personality in the field of central banking. A bronze bust of Dr de Kock by the sculptor Jo Roos remains to this day, to the entrance of the Gerhard de Kock Auditorium in the Head Office Building of the Reserve Bank. Gerhard de Kock Dr. Gerhardus Petrus Christiaan de Kock better known as Gerhard de Kock (14 February 1926 — 7 August 1989) was the sixth Governor of the South African Reserve Bank. He was the son of Dr. M.H. de Kock, who was the third Governor of the South African Reserve

neg: P. V. Narasimha Rao up to foreign investment, reforming capital markets, deregulating domestic business, and reforming the trade regime. Rao's government's goals were reducing the fiscal deficit, Privatization of the public sector and increasing investment in infrastructure. Trade reforms and changes in the regulation of foreign direct investment were introduced to open India to foreign trade while stabilising external loans. Rao wanted I.G. Patel as his Finance Minister. Patel was an official who helped prepare 14 budgets, an ex-governor of Reserve Bank of India and had headed The London School of Economics. But Patel declined. Rao then chose Manmohan Singh for the job. Manmohan

neg: Sarukkai Jagannathan Sarukkai Jagannathan Sarukkai Jagannathan (18 May 1914 – 1996) was the tenth Governor of the Reserve Bank of India from 16 June 1970 to 19 May 1975. Educated at the Presidency College, Madras, Jagannathan was a member of the Indian Civil Service, and had served with the Central Government. Prior to becoming the Governor of the RBI, he was India's Executive Director at the World Bank. The oil shock of the 1970s was re-elected by a very active monetary policy during his tenure. Other achievement include an expansion of banking offices in pursuance of the objectives of the nationalisation of