The Reserve Bank of India,abbreviated as RBI,is India's central bank and regulatory body responsible for regulation of the Indian banking system. It is under the ownership of Ministry of Finance,Government of India. It is responsible for the control,issue and maintaining supply of the Indian rupee. It also manages the country's main payment systems and works to promote its economic development. Bharatiya Reserve Bank Note Mudran (BRBNM) is a specialised division of RBI through which it prints and mints Indian currency notes (INR) in two of its currency printing presses located in Mysore and Salboni. The RBI,along with the Indian Banks' Association,established the National Payments Corporation of India to promote and regulate the payment and settlement systems in India. Deposit Insurance and Credit Guarantee Corporation was established by RBI as one of its specialized division for the purpose of providing insurance of deposits and guaranteeing of credit facilities to all Indian banks.
ICICI Bank Limited is an Indian multinational bank and financial services company headquartered in Mumbai with registered office in Vadodara. It offers a wide range of banking and financial services for corporate and retail customers through a variety of delivery channels and specialized subsidiaries in the areas of investment banking,life,non-life insurance,venture capital and asset management.
The IDBI Bank Limited is a development finance institution under the ownership of Life Insurance Corporation of India and Government of India. It was established in 1964 as Industrial Development Bank of India,a development finance institution,which provided financial services to industrial sector. In 2005,the institution was merged with its commercial division,IDBI Bank,forming the present-day banking entity and was categorised as "other development finance institution" category. Later in March 2019,Government of India asked Life Insurance Corporation to infuse capital in the bank due to high NPA and capital adequacy issues and also asked LIC to manage the bank to meet the regulatory norms. IDBI was put under Prompt corrective action of the RBI and on 10 March 2021 IDBI came out of the PCA. At present direct and indirect shareholding of Government of India in IDBI Bank is approximately 95%,which Government of India (GoI) vide its communication F.No. 8/2/2019-BO-II dated December 17,2019,has clarified and directed all Central/State Government departments to consider IDBI Bank for allocation of Government Business. Many national institutes find their roots in IDBI like SIDBI,EXIM,National Stock Exchange of India,SEBI,National Securities Depository Limited.
Raghuram Govind Rajan is an Indian economist and the Katherine Dusak Miller Distinguished Service Professor of Finance at the University of Chicago's Booth School of Business. Between 2003 and 2006 he was Chief Economist and director of research at the International Monetary Fund. From September 2013 through September 2016 he was the 23rd Governor of the Reserve Bank of India. In 2015,during his tenure at the RBI,he became the Vice-Chairman of the Bank for International Settlements.
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. It is under the jurisdiction of Ministry of Finance,Government of India headquartered at Lucknow and having its offices all over the country.The SIDBI was established on April 2,1990,by Government of India,as a wholly owned subsidiary of IDBI Bank. It was delinked from IDBI w.e.f. March 27,2000. Its purpose is to provide refinance facilities to banks and financial institutions and engage in term lending and working capital finance to industries,and serves as the principal financial institution in the Micro,Small and Medium Enterprises (MSME) sector. SIDBI also coordinates the functions of institutions engaged in similar activities. It was established in 1990,through an Act of Parliament.
Sarukkai Jagannathan was the tenth Governor of the Reserve Bank of India from 16 June 1970 to 19 May 1975.
Amitav Ghosh was an Indian banker. He served for 20 days from 15 January to 4 February 1985,as the 16th governor of the Reserve Bank of India. His term was the shortest ever served by any Reserve Bank of India governor. He died at age 90.
Palai Central Bank was a commercial bank headquartered in Kerala,South India that functioned during the middle of the last century. Although it was started in a small,remote city,the bank grew to become not only the largest bank but the largest institution in Kerala,after the state government,and the 17th largest among the 94 scheduled banks in India. The Kerala High Court in 1960 ordered the liquidation of the Palai Central Bank on a petition from the Reserve Bank of India.
Shyamala Gopinath is Chairperson of HDFC Bank,India's largest lender by market capitalization. Ms. Gopinath is a former deputy governor of the Reserve Bank of India (RBI),a position she served for seven years.
The Indian Banks' Association (IBA),formed on,is an unregistered,voluntary association of like-minded banks and individuals in India —an representative body of Indian banks and financial institutions based in Mumbai. With an initial membership of 22 banks in India in 1946,IBA currently represents 247 banking companies operating in India. IBA was formed for the development,coordination,and strengthening of Indian banking and to assist the member banks in various ways,including the implementation of new systems and the adoption of standards among the members.
The National Institute of Bank Management is an autonomous institute located in Pune,India. It is an autonomous,apex institution for research,training,education and consultancy in bank management.
All India Financial Institutions (AIFI) is a group composed of financial regulatory bodies that play a pivotal role in the financial markets. Also known as "financial instruments",the financial institutions assist in the proper allocation of resources,sourcing from businesses that have a surplus and distributing to others who have deficits - this also assists with ensuring the continued circulation of money in the economy. Possibly of greatest significance,the financial institutions act as an intermediary between borrowers and final lenders,providing safety and liquidity. This process subsequently ensures earnings on the investments and savings involved. In Post-Independence India,people were encouraged to increase savings,a tactic intended to provide funds for investment by the Indian government. However,there was a huge gap between the supply of savings and demand for the investment opportunities in the country.
Yes Bank is an Indian bank headquartered in Mumbai,India and was founded by Rana Kapoor and Ashok Kapoor in 2004.
Kamalesh Chandra Chakrabarty or K. C. Chakrabarty,was an Indian banker who served as one of the four Deputy Governors of the Reserve Bank of India (RBI) from 15 June 2009 to 25 April 2014,resigning three months ahead of the completion of his term. He was noted for his contributions to advancing financial inclusion and financial literacy during his time at the central bank.
Urjit Patel is an Indian economist,who formerly served as the 24th Governor of the Reserve Bank of India and also Deputy Governor of Reserve Bank of India,looking after monetary policy,economic research,financial markets,statistics and information management. He resigned from his post on 10 December 2018,being the first RBI governor to state personal reasons as a driving factor for resigning.
Anand Sinha served as a deputy governor of the Reserve Bank of India,looking after Urban Banking,Risk Monitoring,Banking Operations &Development,Non-Banking Supervision,Expenditure &Budgetary Control and Information Technology.
Dr. Sailendra Narain is a development finance specialist born in Nawadah,Bihar Province,India. For over 40 years,Narain has been a pioneer in developing the global SME sector. His specialities include:designing policy frameworks for SME Growth,establishing SME financing programs in banking and development financial institutions,and capacity building for SMEs with a focus on Entrepreneurship.
Shaktikanta Das is serving as the current &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.
VFS Capital Limited formerly known as Village Financial Services Ltd (VFS),is headquartered in Kolkata,was incorporated on 28 June 1994,as a private limited company before it got its present name.
Borra Venkatappiah was an Indian banker and was the Chairman of State Bank of India from March 1962 until February 1965.
