Everything you need to know about RESERVE BANK OF INDIA: news, reviews, in-depth analysis, opinion and more
The Reserve Bank of India was instituted on April 1, 1935 in Calcutta but in 1937 was shifted to Mumbai in the view to regulate the issue of money in India. RBI is generally called the bankers bank as all the nationalized and private banks have been affiliated to it and in accordance with its policies the banks run. It has a board of directors mainly from economists to operate its work smoothly. Reserve Bank of India was established with its own objectives and aims to authorize the monetary policy in India. It is the sole government organisation that issues Indian rupee-notes and coins. It regulates and supervises the financial system of India as well as operationalises the banks. RBI manages the economic infrastructure so that it can accomplish the stability of price and economic development. The Reserve Bank facilitates external trade in India, in addition handles expansion and operation of foreign exchange market in India. The central government of India recruits a governer in the Reserve Bank to execute its major issues and objectives. The 1st governer was Narain Murthy and the present is Dr Y. V. Reddy.
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New Delhi, March 25 (IANS) YES BANK signed up as Indian Premier League's (IPL) official financial services partner Monday.
New Delhi, March 24 (IANS) After a thumping 4-0 triumph over Australia in the Border-Gavaskar Trophy, India was congratulated on the social networking site Twitter by several cricketers Sunday.
New Delhi, Dec 29 (IANS) Bollywood celebrities are "angry" and "ashamed" following the death Saturday of the 23-year-old Delhi gang-rape victim in a Singapore hospital, where she had been airlifted for treatment. Her fight for life must not be forgotten and India needs to "wake up", they said.
New Delhi/Singapore, Dec 29 (IANS) The unnamed and unidentified gang-rape victim who became the face of courage against savage odds died in a Singapore hospital Saturday, leaving all of India stunned and shaken with Prime Minister Manmohan Singh and President Pranab Mukherjee echoing millions in saying her death should not be in vain.
Mumbai, Dec 29 (IANS) The death of the Delhi gang-rape victim in Singapore shocked Bollywood, with Shabana Azmi urging the country to "wake up" and combat violence against women.
NOIDA (Uttar Pradesh), Sep.5 (ANI): Fifteen prodigies from the mechanical and automation branch of the Amity School of Engineering and Technology (ASET) have designed an avant garde Formula 1 Race Car.
London, Aug 1 (IANS) Parupalli Kashyap scripted history by becoming the first Indian male shuttler to enter the singles quarterfinals at Olympics, but fancied archer Deepika Kumari suffered an opening round loss while the hockey team stumbled to their second back-to-back defeat at the London Games here on a scandal-hit Wednesday.
Thiruvananthapuram, July 30 (IANS) Kerala Chief Minister Oommen Chandy Monday said that 21 countries and 1,600 delegates have now registered for the Emerging Kerala investment meet to be held at Kochi in September.
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New Delhi, Feb 14 (ANI): Sunny Leone has come up with a special Valentine's Day surprise for fans who want to get in touch with her.
New Delhi, Feb 14 (ANI): Sunny Leone has come up with a special Valentine's Day surprise for fans who want to get in touch with her.
New Delhi, July 7 (ANI): Bilateral trade between India and Canada is expected to touch 15 billion Canadian dollars by 2015, senior Commerce Ministry officials have said.
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Melbourne, Nov 05 (ANI): A survey has found that Australians have a very laid back approach to nicknames, pseudonyms and name changes.
New Delhi, Aug.19 (ANI-Business Wire India): Canon India Private Limited, India's No 1. Complete Digital Imaging Company today announces strategic initiatives in the field of education.
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London, April 06(ANI): Lindsay Lohan sent blessings to the Indian children, whom she met while shooting a BBC documentary last year, on the occasion of Easter.
London, April 06(ANI): Lindsay Lohan sent blessings to the Indian children, whom she met while shooting a BBC documentary last year, on the occasion of Easter.
Lilongwe (Malawi), Jan.9 (ANI): India and Malawi today inked three agreements to strengthen bilateral cooperation in key areas of interaction.
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