To encourage learning about the Reserve Bank of India (RBI) among the youth of the country, the RBI conducts a major awareness and sensitization exercise on the role of the Reserve Bank and the banking system across the country. This exercise, the 'RBI Young Scholars Award Scheme', exposes youngsters to an actual banking and financial environment and inculcates a sense of pride in the selected ones of having had the opportunity to associate themselves with a prestigious organisation, the central bank of the country. Eligibility :All students across India who have completed 10 + 2 years of formal education or its equivalent from recognized institutions/boards in 2009 or before and are currently pursuing their undergraduate studies. However, those having enrolled for or having acquired degree's) higher than graduation will not be eligible.
Examination Pattern and Syllabus
The examination will be of objective type with multiple choices for answers. The paper will be of approximately 90 minutes duration and will have questions related to role and functioning of the RBI, the trend of banking industry in India and general economic andfncialenvironmenofthecountry.
Dr. YV Reddy is the Governor of the RBI
Sir Osborne Smith was the first governor of RBI.
explain in detail rbi's measures of money supply
It means run(s) batted in. RBI also stands for Reserve Bank of India.
Developing Banking
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in1995 and revised in 2002
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The last one time settlement scheme of RBI for NPA accounts of banks is where they will ask you to pay a certain amount. If you do pay that said amount the bank will not be able to go after you for the rest of the funds that you would have owed, if you did not take the settlement.
The last scheme of RBI for NPA of Banks is MSME OTS Scheme 2012-13. The coverage of the scheme is All the NPA (classified as 'Doubtful and Loss) and PWO accounts in Micro,Small and Medium Enterprises sector (manufacturing as well as services)with outstanding book balance not exceeding ` 10 crs. as on 31.03.2012 and outstanding as on date of launch will be eligible for OTS under the present scheme. BY VIKRANT RANA ADVOCATE HIGH COURT, ALLAHABAD MOB. NO. 9415316897
the value of mortgaged property does not matter, bank has to stick to its acceptance of the value.
It refers to scheme under which one of the commercial banks act as a lead bank and coordinates the activites of another financial institutions like cooperative banks for efficent functioning and rapid development at district level
Sir Osborne smith was the first RBI governor but the first Indian rbi governor was C.D.Deshmukh who was the third rbi governor
the RBI is situated in New Delhi
Formally, since RBI stands for "runs batted in" it should be "seven RBI". However, in virtually universal usage, RBI is treated as a singular noun and therefore seven of them would be "seven RBIs".