The Reserve Bank of India (RBI) is India's central bank and regulatory body under the jurisdiction of Ministry of Finance, Government of India. It is responsible for the issue and supply of the Indian rupee and the regulation of the Indian banking system. It also manages the country's main payment systems and works to promote its economic development. Its top official is designated as Governor who is a civil servant of the IAS or IES or ISS cadre.
ICICI Bank Limited is a privately owned Indian development finance institution with its registered office in Vadodara, Gujarat, and corporate office in Mumbai, Maharashtra. It offers a wide range of banking products and financial services for corporate and retail customers through a variety of delivery channels and specialised subsidiaries in the areas of investment banking, life, non-life insurance, venture capital and asset management. The bank has a network of 5,275 branches and 15,589 ATMs across India and has a presence in 17 countries.
Modern banking in India originated in the last decade of the 18th century. Among the first banks were the Bank of Hindustan, which was established in 1770 and liquidated in 1829–32; and the General Bank of India, established in 1786 but failed in 1791.
CG Power and Industrial Solutions Limited, previously known as Crompton Greaves Limited, is an Indian multinational company engaged in design, manufacturing, and marketing of products related to power generation, transmission, and distribution. It is based in Mumbai and a part of the Murugappa Group. The company was restructured in 2016 following the demerger of its consumer goods business.
TAGUP or Technology Advisory Group for Unique Projects is a government of India advisory group to look into technology part of 5 large financial sector projects. It is headed by UIDAI chairman, Nandan Nilekani.
Yaga Venugopal Reddy 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) from 6 September 2003 until 5 September 2008.
Mahatma Gandhi Road, commonly referred to by the abbreviation MG Road, is a station on the Purple Line of the Namma Metro in Bangalore, India. It was constructed by Punj Lloyd and opened to the public on 20 October 2011. The station MG Road has a bicycle stand next to the Urban Square, from where commuters can rent cycles.
Muthoot Finance Ltd. is an Indian financial corporation and the largest gold loan NBFC in the country. In addition to financing gold transactions, the company offers foreign exchange services, money transfers, wealth management services, travel and tourism services, and sells gold coins. The company's headquarters are located in Kerala, India, and it operates over 4,400 branches throughout the country. Outside India, Muthoot Finance is established in the UK, the US, and the United Arab Emirates.
A monetary hawk, or hawk for short, is someone who advocates keeping inflation low as the top priority in monetary policy. In contrast, a monetary dove is someone who emphasizes other issues, especially low unemployment, over low inflation.
Silatech is an organization based in Qatar, spearheaded by the wife of the former Emir of Qatar Sheikha Mozah bint Nasser. The current CEO of this organization is Ms Sabah AlHaidoos. Silatech means "your connection" in Arabic. The initiative seeks to create jobs and economic opportunities for young people in the Arab world, targeting 18- to 30-year-olds. by 2016, Silatech claims to have helped 200,000 young Arabs to obtain jobs. The initiative’s model involves building partnerships with governments, private companies and NGOs.
StarAgri is an India based agricultural marketing company providing warehousing, Procurement and Collateral Management of Agri-Commodities. Staragri was established in April 2006 by former ICICI Bank associates, the company has presence in 190 locations across 16 states. It has 800 agri commodity warehouses under its control, with a cumulative capacity of around 1.2 million metric tons. It has over 500 employees. The company has five post-harvesting focus areas: agri-warehousing, procurement, collateral management, lab testing and logistics. A bulk of its revenues (65%) are derived from warehousing services.
Vivek Lall, a world renowned aerospace and defence leader has been appointed as Chief Executive of US defence and nuclear giant General Atomics Global Corporation. Before joining General Atomics, Dr Lall worked with Lockheed Martin till April this year, and held key positions with Boeing and Reliance. It is Dr Lall's second stint with General Atomics, he has earlier worked with the company from August 2014 to December 2017. He has also worked as CEO and President of Reliance New Ventures Reliance Industries Limited. Dr. Lall was heading the Boeing operations in India from 2007 till April 2011. Dr. Lall previously worked for the US-based global defense and nuclear giant General Atomics as the global Chief Executive for international Commercial Strategic Development for General Atomics. He has been also recognized as one of the world's top scientists of the twentieth century by Cambridge. General Atomics is best known for manufacturing one of the most important tools in modern warfare: the Predator, an unmanned spy plane used by the US in many global engagements. As Chief Executive he had US and international responsibilities of strategic development of systems like EMALS. Electromagnetic Aircraft Launch System (EMALS) is a complete launch system designed to replace the existing steam catapult currently being used on U.S. Navy aircraft carriers. EMALS is being considered by the Indian Navy for its forthcoming aircraft carrier.
Sageworks is a private financial information company headquartered in Raleigh, North Carolina. Founded in 1998, Sageworks provides financial analysis and risk management software, in addition to creating products for commercial lenders. It collects financial information on the private sector by aggregating data from large accounting firms. The company also publishes "private company indicator" reports, which analyze activity and profitability in certain market segments. The firm is a private business key executives include co-founder and Chairman Brian Hamilton and CEO Scott Ogle.
Committee on Comprehensive Financial Services for Small Businesses and Low Income Households was an expert committee formed by Raghuram Rajan on 23 September 2013, after he was appointed as the governor of the Reserve Bank of India (RBI). It was headed by Nachiket Mor. The objective of the panel was to study various aspects of financial inclusion in India. The panel submitted its final report on 7 January 2014.
Payments banks is an Indian new model of banks conceptualised by the Reserve Bank of India (RBI). These banks can accept a restricted deposit, which is currently limited to ₹200,000 per customer and may be increased further. These banks cannot issue loans and credit cards. Both current account and savings accounts can be operated by such banks. Payments banks can issue ATM cards or debit cards and provide online or mobile banking. Bharti Airtel set up India's first payments bank.
PhonePe is an Indian digital payments and financial services company headquartered in Bangalore, India. PhonePe was founded in December 2015, by Sameer Nigam, Rahul Chari and Burzin Engineer. The PhonePe app, based on the Unified Payments Interface (UPI), went live in August 2016.
Indiabulls Housing Finance Limited is a mortgage lender headquartered in Gurugram, Haryana, India. It is India's second largest housing finance company and is regulated by the National Housing Bank. It is part of Sameer Gehlaut's Indiabulls group and contributes approximately 80% of the groups turnover.
Shaktikanta Das is a retired 1980 batch Indian Administrative Service (IAS) officer of Tamil Nadu cadre. Currently serving 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.
The 1992 Indian stock market scam was a market manipulation carried out by Harshad Shantilal Mehta with other bankers and politicians on the Bombay Stock Exchange. The scam caused significant disruption to the stock market of India, with over one billion USD defrauded.
ICICI Prudential Life Insurance Company Limited is a life insurance company in India. Established as a joint venture between ICICI Bank and Prudential plc, ICICI Prudential is engaged in life insurance and asset management business. The firm offers long term life insurance plans and is headquartered in Mumbai. in 2016, the firm became the first insurance company in India to be listed in the domestic stock exchanges.
