July 25, 2016 12:40 AM ET

Diversified Financial Services

Company Overview of Reserve Bank of India

Company Overview

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

21st Floor

Shahid Bhagat Singh Marg

Mumbai,  400001

India

Founded in 1935

Phone:

91 22 2266 0868

Fax:

91 22 2266 1784

Key Executives for Reserve Bank of India

Governor and Director
Chief General Manager of Premises Department
Head of Economic Policy Statistics & Information and Executive Director
Deputy Governor and Director
Deputy Governor and Director
Age: 53
Compensation as of Fiscal Year 2016.

Reserve Bank of India Key Developments

Reserve Bank of India Appoints Sudarshan Sen as Executive Director

Reserve Bank of India has appointed Sudarshan Sen as its executive director. In his new role, Sen will take care of the Department of Banking Regulation, Department of Non-Banking Regulation and Department of Co-operative Bank Regulation. The appointment is effective from July 4. Prior to this appointment, Sen worked for the Reserve Bank of India as its chief general manager.

Reserve Bank of India Announces Executive Changes

The government's appointments committee has cleared the appointment of N.S. Vishwanathan as a deputy governor of the Reserve Bank of India (RBI). Vishwanathan will take over from H.R. Khan, who retires on 3 July. Vishwanathan has been executive director at RBI since 2014. Khan was appointed deputy governor in 2011 and has since been managing portfolios including payment and settlement systems, foreign exchange and internal debt management. Khan has been an RBI lifer and joined the central bank in 1978. Vishwanathan, who will take over from Khan, has been overseeing the banking and non-banking regulation departments.

Fairfax Financial Holdings plans to acquire over 10% stake in the Catholic Syrian Bank

Fairfax Financial Holdings Limited (TSX:FFH) is planning to acquire over 10% stake in the Catholic Syrian Bank Limited stated by the people familiar with the matter. Fairfax Financial is seeking approval from RBI as this acquisition is subject to the extant FDI Policy according to which FII/NRIs cannot exceed 74% of paid-up capital.

Recent Private Companies Transactions

Type
Date
Target
No transactions available in the past 12 months.
 

The information and data displayed in this profile are created and managed by Capital IQ, a Standard & Poor's company. Bloomberg.com does not create or control the content. For inquiries, please contact Capital IQ directly by clicking here.

Stock Quotes

Market data is delayed at least 15 minutes.

Company Lookup

Most Searched Private Companies

Company Name Geographic Region
Lawyers Committee for Civil Rights Under Law United States
Bertelsmann AG Europe
Bloomberg L.P. United States
NYC2012, Inc. United States
Rush University United States

Sponsored Financial Commentaries

Sponsored Links

Request Profile Update

Only a company representative may request an update for the company profile. Documentation will be required.

To contact Reserve Bank of India, please visit www.rbi.org.in. Company data is provided by Capital IQ. Please use this form to report any data issues.

Please enter your information in the following field(s):
Update Needed*

All data changes require verification from public sources. Please include the correct value or values and a source where we can verify.

Your requested update has been submitted

Our data partners will research the update request and update the information on this page if necessary. Research and follow-up could take several weeks. If you have questions, you can contact them at bwwebmaster@businessweek.com.