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Reserve Bank of India

Reserve Bank of India or RBI is the Central Bank of India. RBI was established in 1935, 1st April. RBI is entrusted with the monetary stability, the management of currency and the supervision of the financial as well as the payments system of India.

666 Questions
US Presidents
India Government
Reserve Bank of India

Who is the current president of RBI?

Duwuri Subbarao was appointed in 2008 and his term was extended to 2013.

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Baseball
Acronyms & Abbreviations
Reserve Bank of India

What does rbi stand for in baseball?

it stands for runs batted in. for example there is a guy at third base and the guy at the plate hits the ball into the out field and the guy on third gets. the batter got 1 rbi.

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Reserve Bank of India

What is the maximum and minimum limit of CRR?

The Reserve Bank of India (Amendment) Act, 2006 was enacted in June 2006. Consequent to the enactment, the Reserve Bank, has decided to do away with the minimum requirement of 3% CRR and also to not have any maximum cap of 20% (as was the case before the Amendment).

Hence the present position is that there is no upper or lower fixed statutory limit.

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Reserve Bank of India

Am I blacklisted by any banks?

Banks etc are in the business of providing services. There is a separate industry used by banks and other business regarding the credit worthiness/history of individual customers. This industry is called a Credit Rating Service and the companies providing this service (all round the world) gather history relating to the debt load, payment history, Court judgements, bankruptcy etc. of individuals.

Banks and other business dealing with individuals will then purchase information about individuals from these Credit Rating agencies before doing business with any individual.

Therefore if business will not deal with you, it is not because THEY are blacklisting you, it is because your credit history (held by the Credit Rating Service companies) is bad.

In most countries you have a rite to ask for and see your credit history (from these companies) and to challenge and change any FACTUAL mistakes.

To help you I include a link below to a UK Credit rating company, look for a similar service in your home country.

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In the US there are no such things. I'm not sure they would be used most anywhere.

That's because other than being illegal, they would have no good purpose. Each bank/lender/business makes it's own decisions...and a list of customers others don't want to have, would only be a benefit to those looking for new customers! They are competitors...why would anyone want to hurt itself to help it's competitor? They don't and won't! Believe it or not....there really isn't a conspiracy by all these against YOU...you ain't that important. Of course, if you may have a bad history that would make any reasonable business avoid you like the plague.

Same true for the idea there is an "employer" blacklist. Cos compete for good employees...if you are one, that's all that matters...no they wouldn't give up a profitable job because their competitor said they would like it....and the same is true about an employee...they ain't going to do what their competitor says, just because...heck...they would probably do the opposite.

However, the US does use credit services that report your credit history and even give it a grade. Banks and any credit providers generally use these as a primary tool for seeing if someone pays back on time, and is truthful in their application. They are made by 3rd parties, not involved in any actual lending...and are available to everyone...and for free to the person whose report it is. (In fact if your credit request is denied because of anything found on a credit report, that info must be provided to you when they tell you of your denial).

If you have bad credit that is your doing - and you can expect to be denied loan applications or others doing business with you. These things are not a right to you, but doing them only with whom one wants, is a right to everyone. Financial discrimination is entirely legal. If your credit report is inaccurate - it reports things that didn't happen...not that you don't like - the credit reporter MUST correct them upon your request and providing proof.

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Reserve Bank of India

What is the old name of reserve bank of India?

Imperial Bank of India

Reserve Bank of India was established on 1st April 1935 through the Reserve Bank of India Act, 1934, when the British Ruled India. It is the central bank of India that governs the operations of all banks in the country. It was created to help reduce the economic troubles in India after the First World War.It has always been called Reserve Bank of India and so it does not have any old name.

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Reserve Bank of India

When was the reserve bank of India nationalised?

The Reserve Bank is not a normal bank and was never nationalized. In fact, even when it was created in the year 1935 it was owned by the government that ruled the country (British). Later once, India got its independence, the government of India took over control of this bank. It is the central bank of India whose purpose is to regulate the issue of bank notes, to keep reserves with a view to securing monetary stability in India and generally to operate the currency and credit system in the best interests of the country.

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Reserve Bank of India

Why does a hundred rupee note have the Reserve Bank of India typed and the One rupee coin have Government of India written on it?

One rupee coin is issued Govt. of India to cope with fianacial crisis and have no value if you go to Reserve Bank of India to exchange with gold.

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Reserve Bank of India

When was reserve bank of India taken over by the government?

1949

After the Partition of India in 1947, the Bank served as the central bank for Pakistan until June 1948 when the State Bank of Pakistan commenced operations. Though originally set up as a shareholders' bank, the RBI has been fully owned by the Government of India since its nationalization in 1949.

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Reserve Bank of India

What is the financial year of Reserve Bank of India?

the financial year of rbi is from 1st July to 30th June.

i.e. for the year 2010-2011.. it is from 01/07/2010 to 30/06/2011.

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Reserve Bank of India

Minimum CRR LIMIT?

there is no minimum limit of CRR in India but the maximum limit is 15%

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Housing Development Finance Corporation Bank HDFC
India
India Business and Finance
Reserve Bank of India

Who are the top 10 entrepreneurs in India?

The 10 most famous entrepreneurs from India all have the same entrepreneurial spirit. These ten entrepreneurs did not inherit wealth from their families, or sign million dollar sport contracts. Each of these ten entrepreneurs started with a dream in a country that is known for producing successful entrepreneurs. They earned their millions the hard way through hard work, perseverance, and dedication.

  1. Tulsi Tanti is an entrepreneur who saw potential in an unshaped idea which he ventured into and made huge. Tulsi Tanti is Chairman of Suzion Energy LTD, a company that deals in wind energy. In 1990 Tanti invested in two windmills and from there realized the enormous potential. In 1995, he formed Suzion and has made Suzion Energy the sixth largest wind energy company in the world.
  2. Shiv Nadar is the Chief Executive Officer of Hindustan Computers Limited (HCL), India's largest info tech conglomerate. While working as an engineer with another company, Nadar knew that he wanted to become an entrepreneur by setting up his own business. He quit his job and launched his own company making office products mainly copiers. In 1970 when IBM quit India, Shiv Nadar's HCL stepped in for IBM.
  3. Rahul Bajaj is Chairman of the Bajat Group which is one of the top ten business groups in India. His company has diversified interests in everything ranging from automobiles to home appliances. After the recession and stock market collapse in 2001, the Bajaj Auto was hit hard. However, the company re-invented itself and become a major success.
  4. Dr. Pratap Reddy developed India's first corporate hospital group, The Apollo Hospital Group. He has revolutionized India's whole health care sector and today has over 750 corporate hospitals throughout the country. The idea came to Dr. Reddy when a patient could not make it to Texas for open heart surgery and died. Dr. Reddy created a medical infrastructure in India which made medical care more affordable and accessible for everyone.
  5. Naresh Goyal is the founder and Chairman of JetAirways, India's largest domestic airline. After he graduated college, Goyal joined the travel business. By 1974, Goyal founded JetAir to look after sales and marketing of foreign airlines in India. In 1991, Goyal took advantage of the open skies policy of the Indian Government and set up Jet Airways for operation of scheduled air service on domestic flights in India.
  6. Narayana Murthy is one of the founders of Infoys Technologies Limited. In 1999, Infoys became the first Indian company to be listed on NASDAQ. By 2006 the company employed over 50,000 people and had a turn over of two billion dollars. Murthy has always believed that honesty, transparency and moral integrity are the key factors in business.
  7. Anil Dhirubhai is the Chairman of Anil Dhirubhai Ambani Group. After receiving his MBA, Ambani joined Reliance Company. He was responsible for India Inc's entry into overseas capital markets. In 1997 the 100-year Yankee bond issue was launched under his command. After the split in the Reliance Group, Ambani formed his own company and became Chairman of several of the Reliance entities.
  8. Azim Premji is Chairman of Wipro Technologies which is one of the largest software companies in India. As a student Premji was summoned home due to the death of his father. During an annual meeting, a shareholder advised Premji to sell his shares. This made Premji even more determined to make the company a success. Today Wipro Technologies is the largest independent R&D service provider.
  9. Ekta Kapoor is known as the reigning Queen of Indian television. She is the creative director of Balaji Telefilms and was awarded the startup entrepreneur of the year in 2001 by Ernst & Young. At nineteen she ventured into the TV-serial production arena. Her company Balaji Telefilms has produced over 25 serials which are shown four times a week on different channels.
  10. Kiran Mazumdar Shaw is the Chairman and Managing Director of Biocon LTD, the largest Biotechnology Company in India. Shaw started Biocon in 1978 in a rented garage space. Faced with a variety of problems and challenges since biotechnology was a new field and woman entrepreneur was very rare, Shaw overcame all entrepreneurial barriers and made Biocon a success.
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Reserve Bank of India

What is the current CRR and SLR rate for 2011?

The present rate of CRR is 6% and SLR is 24%.Thank you.

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Banking
Commercial Bank and Checking Accounts
Reserve Bank of India

Who is a paying banker?

The bank on which a cheque is drawn (the bank whose name is printed on the cheque) and which pays the amount for which the cheque is written and deducts that sum from the customer's account.

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Reserve Bank of India

Reserve Bank of India provides loan to scheduled commercial banks on which rate?

When banks have any shortage of funds, they can borrow it from Reserve Bank of India or from other banks. The rate at which the RBI lends money to commercial banks is called repo rate.

The Reserve Bank parks its money with other banks at the reverse repo rate

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Reserve Bank of India

Who appoints governor of Reserve Bank of India?

president

474849
India
Terrorism
Reserve Bank of India

How do you get an anti terrorism certificate in India?

i want to anti terrorism certificate in india for transfering amount uk

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Banking
Economics
NAACP
Reserve Bank of India

What is a collecting banker?

A collecting banker is one who undertakes to collect the amount of a cheques & bills for his customer from the paying banker. A banker is under no legal obligation to collect cheques drawn upon other banks for a customer. But this function is performed by every modern bank.

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New Delhi
India Law and Legal Issues
US Army
Reserve Bank of India

What is a gazetted officer?

A gazetted officer is a civil servant and the authority to stamp comes from president of India.

In India, Gazette is published on regular bases, it is a official Central Government Publication(nicked name Gazette). It publishes the promotions of of certain government official.

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History of the United States
New York City
Nintendo
Reserve Bank of India

Earliest name for Manhattan?

New Amsterdam

313233
Sales and Customer Service
State Bank of India
Reserve Bank of India

What is a third party payment and how can it protect buyers right?

Third party payment is an effective way to solve troubles in payment. It can guarantee the goods quality and reliable exchange, and the exchange of a purchase. It will monitor the processes of trade to ensure the both buyer and seller are honest. The third party payment offers necessary support for ensuring a successful business in e-commerce. In international trade, third party payment is more important too. Recently some famous platforms existed are Paypal of ebay , Escrow in USA , Safe Trade

313233
India
Hyderabad
Reserve Bank of India

What is the functions of synopsys in Hyderabad India?

Synopsys has R/D as well as Application Engineering teams in Hyderabad. You see almost equal number of staff at banglaore and hyderabad.

313233
Ancient History
India
Reserve Bank of India

How is the social order established in classical India?

In classical India (whose boundaries stretched far beyond today's limits) social order, as described in Vedic literatures, was not a familial caste system. Rather, one's position in society was based on one's qualities and propensities. The purpose of the system was, and remains, to keep society in a state of peace and prosperity. From such a position of security and happiness one could more easily advance in life. The names and descriptions of the classes and orders persist till today from the ancient Vedas. These groupings were more descriptive than prescriptive. However, once one identified within a group one was expected to live by its tenets and expectations. One could change position through qualification, though, since position was not birth-dependent. The social system was and is called varnasrama. It has two parts, varna (occupational divisions) and asrama (social divisions). The four varnas are brahmana, ksatria, vaishya, and sudra. Membership in these occupational categories depends on education and training, qualities, and propensity. This is similar to the requirement, for example, that an elementary school teacher must be degreed, trained in education and the area of instruction, a holder of a teaching certificate, of good character, and of a nature compatible with the role. Roughly, brahmanas are priests and teachers, ksatriyas are military and management, vaishyas are in business, and sudras are the workers/employees. The four asramas are brahmachari, grhastha, vanaprastha, and sannyasa. Brahmacaris are single students, grhasthas are those in family life, vanaprasthas are in retired, semirenounced life, and those who elect sannyasa remain henceforward renounced. Under varnasrama, just as in modern society, one's social position is by choice. And similarly, each person is expected to live by the standards of his or her position, for the peace of society. For example, the proscription against adultery is not just a rule of religions but a societal principle for the benefit of both individuals and communities.

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Business & Finance
New Delhi
Reserve Bank of India

E mail id of reserve bank of India?

email id of reserve bank of india mumbai branch

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