February 28, 2017 5:35 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
Age: 53
Chief General Manager of Premises Department
Head of Economic Policy Statistics & Information and Executive Director
Deputy Governor, Interim Head of Monetary Policy Department and Director
Age: 60
Deputy Governor, Director and Member of Committee on Comprehensive Financial Services for Small Businesses & Low-Income Households
Age: 62
Compensation as of Fiscal Year 2016.

Reserve Bank of India Key Developments

Reserve Bank of India Appoints N P Topno as Regional Director for Bihar and Jharkhand, Replacing M K Verma

The Reserve Bank of India has appointed N P Topno as regional director for Bihar and Jharkhand. Topno has replaced M K Verma.

Reserve Bank of India Announces Board Appointments

In exercise of the powers conferred by sub-section (1) of Section 9 of the Reserve Bank of India Act, 1934, the Central Government has appointed Dr. Prasnna Kumar Mohanty, Shri Vallabh Roopchand Bhansali and Shri Sunil Mitra as Members on the Southern, Western and Eastern Local Area Boards of Reserve Bank of India, respectively, for a period of four years with effect from February 9, 2017 or until further orders, whichever is earlier.

Indian Government Appoints Ashok Gulati as Director on Central Board of the Reserve Bank of India

The Indian Government has appointed Ashok Gulati as part-time director on Central Board of the Reserve Bank of India (RBI).

Recent Private Companies Transactions

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