who is the governer of RBI?what are the functions of RBI
Answers
Explanation:
Shri Shaktikanta Das, IAS Retd., former Secretary, Department of Revenue and Department of Economic Affairs, Ministry of Finance, Government of India assumed charge as the 25th Governor of the Reserve Bank of India effective December 12, 2018.
The central bank issues and regulates currency notes. It keeps reserves with a view to securing monetary stability and is called banker to banks. It regulates and supervise banks and other financial institutions. The RBI plays a vital role in economic growth of the country and maintaining price stability
Answer:
Shri Shaktikanta Das, IAS Retd., former Secretary, Department of Revenue and Department of Economic Affairs, Ministry of Finance, Government of India assumed charge as the 25th Governor of the Reserve Bank of India effective , .
RBI decides benchmark interest rate: - A six-member Monetary Policy Committee, headed by RBI Governor, decides the benchmark repo rate through voting that acts as a guide for banks to set interest rates for lending and deposit. In case of a tie, the Governor has the casting vote.,
Explanation: