July 24, 2014 10:06 PM ET

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Company Overview of Reserve Bank of India

Company Overview

Reserve Bank of India regulates the issue of bank notes, maintains reserves to secure monetary stability, and operates the currency and credit system in India. The company also formulates, implements, and monitors the monetary policy; prescribes broad parameters for banking operations within which the country's banking and financial system work; and issues and exchanges or destroys currency and coins not fit for circulation. It also performs various promotional functions to support national objectives; manages the foreign exchange management; and performs merchant banking function for the central and the state governments, as well as acts as their banker. Reserve Bank of India was founded in...

Central Office Building

21st Floor

Shahid Bhagat Singh Marg

Mumbai,  400001

India

Founded in 1935

Key Executives for Reserve Bank of India

Deputy Governor and Director
Age: 64
Deputy Governor and Director
Age: 65
Deputy Governor
Age: 60
Head of Economic Policy Statistics and Information
Compensation as of Fiscal Year 2014.

Reserve Bank of India Key Developments

Reserve Bank of India, Board Meeting, May 15, 2014

Reserve Bank of India, Board Meeting, May 15, 2014.

The Reserve Bank of India Announces Board Appointments

The Reserve Bank of India has appointed NS Vishwanathan, US Paliwal and Chandan Sinha as Executive Directors. While NS Vishwanathan had earlier served as Principal Chief General Manager in the Department of non-banking supervision, US Paliwal was Principal Chief General Manager in Human Resources and Chandan Sinha was Principal General Manager in Banking Operations, respectively.

Reserve Bank of India Announces Executive Changes

G Gopalakrishna, Reserve Bank of India's executive director, who was superseded for deputy governor's post, has voluntarily retired from his post. He has taken charge as the director of the Centre for Advanced Financial Research and Learning (CAFRAL), from April 21. His term was to end in a few months. The government appointed R Gandhi as the Deputy Governor.

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