The Reserve Bank of India,abbreviated as RBI,is India's central bank and regulatory body responsible for regulation of the Indian banking system. Owned by the 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.
The Indian Administrative Service (IAS) is the administrative arm of the All India Services of Government of India. The IAS is one of the three All India Services along with the Indian Police Service and Indian Forest Service. Members of these three services serve the Government of India as well as the individual states. IAS officers are also deployed to various government establishments such as constitutional bodies,staff and line agencies,auxiliary bodies,public sector undertakings,regulatory bodies,statutory bodies and autonomous bodies.
Modern banking in India originated in the mid of 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.
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.
Maidavolu Narasimham was an Indian banker who served as the thirteenth governor of the Reserve Bank of India (RBI) from 2 May 1977 to 30 November 1977. For his contributions to the banking and financial sector in India,he is often referred to as the father of banking reforms in India. Some of the reforms attributed to his recommendations include changes to banking structures,introduction of private sector banks,creation of asset recovery funds,rural banking,changes to capital adequacy and provisioning standards,technology upgradation and modernization of public sector banks,and capital market linked banking reforms.
Sir Chintaman Dwarakanath DeshmukhICS was an Indian civil servant and the first Indian to be appointed the Governor of the Reserve Bank of India in 1943 by the British Raj authorities. He subsequently served as the Finance Minister in the Union Cabinet (1950–1956). It was during this time that he also became a founding member of the Governing Body of NCAER,the National Council of Applied Economic Research in New Delhi,India's first independent economic policy institute established in 1956 at the behest of Prime Minister Jawaharlal Nehru. After resignation from Union Cabinet he worked as Chairman of UGC (1956–1961). He served as Vice-Chancellor of University of Delhi (1962–67). He was also President of Indian Statistical Institute from 1945 to 1964,Honorary Chairman of National Book Trust (1957–60).
Lakshmi Kant Jha,MBE,born in Darbhanga district,Bihar was the eighth Governor of the Reserve Bank of India from 1 July 1967 to 3 May 1970.
The Ministry of Finance is a ministry within the Government of India concerned with the economy of India,serving as the Treasury of India. In particular,it concerns itself with taxation,financial legislation,financial institutions,capital markets,centre and state finances,and the Union Budget.
Subir Vithal Gokarn was one of the four Deputy Governors of the Reserve Bank of India along with Anand Sinha,K.C. Chakrabarty and H.R.Khan. He was replaced by Urjit Patel in January 2013.
Duvvuri is an Indian surname. People using this surname generally hail from the village of Duvvur in Kadapa district of Andhra Pradesh or from East and West Godavari districts in Andhra Pradesh.
RBI Thiruvananthapuram is a branch office of the Reserve Bank of India,with its jurisdiction covering the State of Kerala and the Union Territory of Lakshadweep. This regional office contains nearly all of the major departments of Reserve Bank of India. The only exceptions are the departments of Foreign Exchange (FED) and Economic Policy &Research (DEPR),both of which are housed at the bank's sub-office at Kochi. The office is headed by Nirmal Chand,regional director.
Chakravarthi Rangarajan is an Indian economist,a former Member of Parliament and 19th governor of the Reserve Bank of India. He is the former chairman of the Prime Minister's Economic Advisory Council;he resigned the day the UPA lost power. He is also the Chairman of the Madras School of Economics;former president of the Indian Statistical Institute;the founding chairman of the CR Rao Advanced Institute of Mathematics,Statistics and Computer Science;former chancellor of the University of Hyderabad;and a professor in Ahmedabad University.
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),India's central bank,from September 2003 until September 2008.
The Centre for Economic and Social Studies (CESS) is an Indian autonomous research institute,established in 1980 to facilitate research activity in Economics and Social Sciences. It was a brain child of B.P.R. Vithal,IAS (Retd).,a former Principal Secretary to Government of Andhra Pradesh,Finance and Planning Department. The campus is situated at Begumpet,in Hyderabad.
Deepak Mohanty is an economist. He holds the post of Chairperson of India’s pension regulator,Pension Fund Regulatory and Development Authority(PFRDA). He was Chief Economic Advisor,Federation of Indian Chambers of Commerce and Industry (FICCI) and was an independent Director on a few companies’Boards. Prior to that,Dr. Mohanty was Whole Time Member,PFRDA.
Urjit Patel is a Kenyan-born 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.
Pradeep Kumar Sinha is a 1977 batch Indian Administrative Service (IAS) officer of the Uttar Pradesh cadre,who was the 31st Cabinet Secretary of India. Prior to this appointment he served as the Power Secretary of India,and was the Shipping Secretary of India before that.
Secretary to the Government of India,often abbreviated as Secretary,GoI,or simply as Secretary,is a post and a rank under the Central Staffing Scheme of the Government of India. The authority for the creation of this post solely rests with the Union Council of Ministers.
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.
