To determine the value of 10 Indian Rupees (INR) in US Dollars (USD), you need to check the current exchange rate between the two currencies. As of my last update, the exchange rate fluctuates around 70-80 INR per USD, but this can vary. Therefore, 10 INR would be approximately 0.12 to 0.14 USD, depending on the current rate. For the most accurate conversion, it's best to check a reliable financial news source or currency converter.
The 10 rupee note in India is signed by the Governor of the Reserve Bank of India (RBI). As of my last knowledge update in October 2023, the signature would be that of the current RBI Governor. This signature authenticates the note as legal tender in India.
RTGS stands for Real Time Gross Settlement. It is an electronic funds transfer system available in India through the Reserve Bank of India. It is used for transfer of large sums of money (Usually greater than 10 lakhs) between bank accounts in India.
a schedule bank is one authorized by reserve bank of India to act as a banker (under section 2 (e) of RBI Act. only scheduled banks can do banking business in India. RBI is has direct control over the functioning of Scheduled Banks. Non-scheduled bank in India are banks defined in section 5 of the Banking Regulation Act, 1949 (10 of 1949), which is not a scheduled bank.
It is the amount of money any bank has to maintain with the Reserve bank for every customer. Say you deposit Rs. 100 in ABC Bank, the bank cannot lend all the 100 bucks. They have to pledge a small amount say Rs. 10 with RBI and can lend only the remaining 90 and make an income out of that 90. This 10 bucks is the statutory reserve. The RBI modifies this reserve periodically.
Scheduled Banks in India constitute those banks which have been included in the Second Schedule of Reserve Bank of India(RBI) Act, 1934. RBI in turn includes only those banks in this schedule which satisfy the criteria laid down vide section 42 (6) (a) of the Act. Non-scheduled bank in India" means a banking company as defined in clause (c) of section 5 of the Banking Regulation Act, 1949 (10 of 1949), which is not a scheduled bank".
Governor, Reserve Bank of India
The signature on the 10 rupee note is that of the Reserve Bank of India (RBI) Governor, not the state governor. The RBI Governor's signature signifies the authority of the central bank in issuing currency. State governors do not have a role in the issuance of currency notes in India.
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The currency used in India is the Rupee. The currency is distributed by the Reserve Bank of India and is available in several denominations such as 5, 10, 20, 50, 100, 500, and 1,000.
The Reserve Bank does not have a President but has a Governor. The present Governor of Reserve bank of India is Duvvuri Subbarao. Some of the previous governors of RBI in reverse order are: 1. Y Venugopal 2. Bimal Jalan 3. C Rangarajan 4. S Venkitramanan 5. R N Malhotra 6. A Ghosh 7. Manmohan Singh 8. I G Patel 9. M Narasimham 10. K R Puri 11. N C Sen Gupta 12. S Jagannathan 13. B N Adarkar 14. L K Jha 15. P C Bhattacharya 16. H V R Iyengar 17. K G Ambegaonkar 18. Sir Benegal Rama Rau 19. Sir C D Deskmukh 20. Sir James Taylor 21. Sir Osborne Smith (The first governor)
The 10 rupee note in India is signed by the Governor of the Reserve Bank of India (RBI). As of my last knowledge update in October 2023, the signature would be that of the current RBI Governor. This signature authenticates the note as legal tender in India.
RTGS stands for Real Time Gross Settlement. It is an electronic funds transfer system available in India through the Reserve Bank of India. It is used for transfer of large sums of money (Usually greater than 10 lakhs) between bank accounts in India.
Rs.17,00,00,00,000
10
a schedule bank is one authorized by reserve bank of India to act as a banker (under section 2 (e) of RBI Act. only scheduled banks can do banking business in India. RBI is has direct control over the functioning of Scheduled Banks. Non-scheduled bank in India are banks defined in section 5 of the Banking Regulation Act, 1949 (10 of 1949), which is not a scheduled bank.
It is the amount of money any bank has to maintain with the Reserve bank for every customer. Say you deposit Rs. 100 in ABC Bank, the bank cannot lend all the 100 bucks. They have to pledge a small amount say Rs. 10 with RBI and can lend only the remaining 90 and make an income out of that 90. This 10 bucks is the statutory reserve. The RBI modifies this reserve periodically.
There are many nationalized banks in India. Their names and year of nationalization are as follows: 1. Allahabad Bank - 19 July 1969 2. Bank of Baroda - 1969 3. Bank of India - 1969 4. Bank of Maharashtra - 1969 5. Canara Bank - 1969 6. Central Bank of India - 1969 7. Corporation Bank - 1980 8. Dena Bank - 1969 9. Indian Bank - 1969 10. Indian Overseas Bank - 1969 11. Oriental Bank of Commerce - 1980 12. Punjab & Sind Bank - 1980 13. Punjab National Bank - 1969 14. Syndicate Bank - 1969 15. UCO Bank - 1969 16. Union Bank of India - 1969 17. United Bank of India - 1969 18. Vijaya Bank - 1980 Apart from these, there is State Bank of India which was nationalized in 1955