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


Founded in 1935


91 22 2266 0868


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

No transactions available in the past 12 months.

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