Diversified Financial Services
Company Overview of Reserve Bank of India
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
Shahid Bhagat Singh Marg
Founded in 1935
Key Executives for Reserve Bank of India
Deputy Governor and Director
Deputy Governor and Director
Head of Economic Policy Statistics and Information
Compensation as of Fiscal Year 2013.
Reserve Bank of India Key Developments
Reserve Bank of India Presents at Citi India Investor Conference 2014, Feb-13-2014 10:00 AM
Feb 9 14
Reserve Bank of India Presents at Citi India Investor Conference 2014, Feb-13-2014 10:00 AM. Venue: Trident Hotel, Bandra Kurla, Mumbai, Maharashtra, India. Speakers: Kamlesh Chandra Chakrabarty, Deputy Governor.
Reserve Bank of India Extends Bank Loan Recast Norms to NBFCs
Jan 24 14
The Reserve Bank of India decided to extend the guidelines on restructuring of advances applicable to banks to non-banking finance companies (NBFCs). NBFCs will now not be able to restructure infrastructure, non infrastructure, and commercial real estate (CRE) projects based on mere extension of date of commencement of commercial operations (DCCO) up to a specified period. Special asset classification benefit will be made available to CDR and consortium cases,including small and medium enterprises (SME) debt restructuring mechanism, apart from infrastructure and non-infrastructure project loans subject to certain conditions. To strengthen the process of recovery,the central bank has also permitted securitisation companies (SCs) and asset restructuring companies (ARCs) to acquire debt from other SC or ARCs.
Reserve Bank of India Announces Board Changes
Jan 21 14
The Reserve Bank of India reported it has reallocated the portfolios of its three deputy governors following the retirement of its fourth deputy governor, Anand Sinha. KC Chakrabarty, the seniormost among the three, will handle the Financial Stability Unit, customer service as well as the departments of banking supervision, currency management, human resources, rural planning & credit, urban banks and legal. He will also manage the secretary's department and premises department as well as coordination work. HR Khan will handle the crucial Department of Banking Operations & Development. Besides, he will also handle the Central Security Cell and the departments of external investments & operations, government & bank accounts, payment & settlement systems, foreign exchange, internal debt management, inspection, non-banking supervision and IT. Urjit Patel will handle the Monetary Policy Department. Besides, he will also handle the departments of economic policy & research, communications, statistics & information management, financial markets, expenditure & budgetary control, risk monitoring and Rajbhasha. The Right to Information Division and Deposit Insurance and Credit Guarantee Corporation will also be under him.
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