The Reserve Bank of India (RBI) Act, 1934, governs the structure and appointments within the central bank. Specifically, Section 4(1)(c) read with relevant government notifications determines the number of Deputy Governors.
According to the current regulations, the central board of the RBI can have a maximum of four (4) full-time Deputy Governors appointed at any given time. These appointments are made by the Central Government.
Therefore, the maximum number of full-time Deputy Governors the Reserve Bank of India's central board can have is 4.
On April 9, 2025, the Reserve Bank of India's Monetary Policy Committee (MPC) announced a cut in the repo rate by:
At the 57th meeting of the Monetary Policy Committee (MPC) of the RBI held from 29 September to 1 October 2025, what decision was taken on the policy repo rate and stance?
Which of the following statements is/are correct regarding the Monetary Policy Committee (MPC)?
1. It decides the RBI's benchmark interest rates.
2. It is a 12-member body including the Governor of RBI and is reconstituted every year.
3. It functions under the chairmanship of the Union Finance Minister.
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The terms ‘Marginal Standing Facility Rate’ and ‘Net Demand and Time Liabilities’, sometimes appearing in news, are used in relation to
In the context of Indian economy; which of the following is/are the purpose/purposes of ‘Statutory Reserve Requirements’?
(1) To enable the Central Bank to control the amount of advances the banks can create
(2) To make the people’s deposits with banks safe and liquid
(3) To prevent commercial banks from making excessive profits
(4) To force the banks to have sufficient vault cash to meet their day-to-day requirements
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If the interest rate is decreased in an economy, it will
The lowering of Bank Rate by the Reserve Bank of India leads to: