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aria-controls="toc-History-sublist" class="cdx-button cdx-button--weight-quiet cdx-button--icon-only vector-toc-toggle"> <span class="vector-icon mw-ui-icon-wikimedia-expand"></span> <span>Toggle History subsection</span> </button> <ul id="toc-History-sublist" class="vector-toc-list"> <li id="toc-1935–1949" class="vector-toc-list-item vector-toc-level-2"> <a class="vector-toc-link" href="#1935–1949"> <div class="vector-toc-text"> <span class="vector-toc-numb">2.1</span> <span>1935–1949</span> </div> </a> <ul id="toc-1935–1949-sublist" class="vector-toc-list"> </ul> </li> <li id="toc-1950–1960" class="vector-toc-list-item vector-toc-level-2"> <a class="vector-toc-link" href="#1950–1960"> <div class="vector-toc-text"> <span class="vector-toc-numb">2.2</span> <span>1950–1960</span> </div> </a> <ul id="toc-1950–1960-sublist" class="vector-toc-list"> </ul> </li> <li id="toc-1961–1968" class="vector-toc-list-item vector-toc-level-2"> <a class="vector-toc-link" href="#1961–1968"> <div class="vector-toc-text"> <span class="vector-toc-numb">2.3</span> <span>1961–1968</span> </div> </a> <ul id="toc-1961–1968-sublist" class="vector-toc-list"> </ul> </li> <li id="toc-1969–1984" class="vector-toc-list-item vector-toc-level-2"> <a class="vector-toc-link" href="#1969–1984"> <div class="vector-toc-text"> <span class="vector-toc-numb">2.4</span> <span>1969–1984</span> </div> </a> <ul id="toc-1969–1984-sublist" class="vector-toc-list"> </ul> </li> <li id="toc-1985–1990" class="vector-toc-list-item vector-toc-level-2"> <a class="vector-toc-link" href="#1985–1990"> <div class="vector-toc-text"> <span class="vector-toc-numb">2.5</span> <span>1985–1990</span> </div> </a> <ul id="toc-1985–1990-sublist" class="vector-toc-list"> </ul> </li> <li id="toc-1991–1999" class="vector-toc-list-item vector-toc-level-2"> <a class="vector-toc-link" href="#1991–1999"> <div class="vector-toc-text"> <span class="vector-toc-numb">2.6</span> <span>1991–1999</span> </div> </a> <ul id="toc-1991–1999-sublist" class="vector-toc-list"> </ul> </li> <li id="toc-2000_-_2009" class="vector-toc-list-item vector-toc-level-2"> <a class="vector-toc-link" href="#2000_-_2009"> <div class="vector-toc-text"> <span class="vector-toc-numb">2.7</span> <span>2000 - 2009</span> </div> </a> <ul id="toc-2000_-_2009-sublist" class="vector-toc-list"> </ul> </li> <li id="toc-Since_2010" class="vector-toc-list-item vector-toc-level-2"> <a class="vector-toc-link" href="#Since_2010"> <div class="vector-toc-text"> <span class="vector-toc-numb">2.8</span> <span>Since 2010</span> </div> </a> <ul id="toc-Since_2010-sublist" class="vector-toc-list"> </ul> </li> </ul> </li> <li id="toc-Structure" class="vector-toc-list-item vector-toc-level-1"> <a class="vector-toc-link" href="#Structure"> <div class="vector-toc-text"> <span class="vector-toc-numb">3</span> <span>Structure</span> </div> </a> <ul id="toc-Structure-sublist" class="vector-toc-list"> </ul> </li> <li id="toc-Branches_and_support_bodies" class="vector-toc-list-item vector-toc-level-1"> <a class="vector-toc-link" href="#Branches_and_support_bodies"> <div class="vector-toc-text"> <span class="vector-toc-numb">4</span> <span>Branches and support bodies</span> </div> </a> <ul id="toc-Branches_and_support_bodies-sublist" class="vector-toc-list"> </ul> </li> <li id="toc-Subsidiaries" class="vector-toc-list-item vector-toc-level-1"> <a class="vector-toc-link" href="#Subsidiaries"> <div class="vector-toc-text"> <span class="vector-toc-numb">5</span> <span>Subsidiaries</span> </div> </a> <button aria-controls="toc-Subsidiaries-sublist" class="cdx-button cdx-button--weight-quiet cdx-button--icon-only vector-toc-toggle"> <span class="vector-icon mw-ui-icon-wikimedia-expand"></span> <span>Toggle Subsidiaries subsection</span> </button> <ul id="toc-Subsidiaries-sublist" class="vector-toc-list"> <li id="toc-Bharatiya_Reserve_Bank_Note_Mudran" class="vector-toc-list-item vector-toc-level-2"> <a class="vector-toc-link" href="#Bharatiya_Reserve_Bank_Note_Mudran"> <div class="vector-toc-text"> <span class="vector-toc-numb">5.1</span> <span>Bharatiya Reserve Bank Note Mudran</span> </div> </a> <ul id="toc-Bharatiya_Reserve_Bank_Note_Mudran-sublist" class="vector-toc-list"> </ul> </li> <li id="toc-Deposit_Insurance_and_Credit_Guarantee_Corporation" class="vector-toc-list-item vector-toc-level-2"> <a class="vector-toc-link" href="#Deposit_Insurance_and_Credit_Guarantee_Corporation"> <div class="vector-toc-text"> <span class="vector-toc-numb">5.2</span> <span>Deposit Insurance and Credit Guarantee Corporation</span> </div> </a> <ul id="toc-Deposit_Insurance_and_Credit_Guarantee_Corporation-sublist" class="vector-toc-list"> </ul> </li> <li id="toc-Reserve_Bank_of_India_Information_Technology" class="vector-toc-list-item vector-toc-level-2"> <a class="vector-toc-link" href="#Reserve_Bank_of_India_Information_Technology"> <div class="vector-toc-text"> <span class="vector-toc-numb">5.3</span> <span>Reserve Bank of India Information Technology</span> </div> </a> <ul id="toc-Reserve_Bank_of_India_Information_Technology-sublist" class="vector-toc-list"> </ul> </li> <li id="toc-Indian_Financial_Technology_and_Allied_Services" class="vector-toc-list-item vector-toc-level-2"> <a class="vector-toc-link" href="#Indian_Financial_Technology_and_Allied_Services"> <div class="vector-toc-text"> <span class="vector-toc-numb">5.4</span> <span>Indian Financial Technology and Allied Services</span> </div> </a> <ul id="toc-Indian_Financial_Technology_and_Allied_Services-sublist" class="vector-toc-list"> </ul> </li> <li id="toc-Reserve_Bank_of_India_Innovation_Hub" class="vector-toc-list-item vector-toc-level-2"> <a class="vector-toc-link" href="#Reserve_Bank_of_India_Innovation_Hub"> <div class="vector-toc-text"> <span class="vector-toc-numb">5.5</span> <span>Reserve Bank of India Innovation Hub</span> </div> </a> <ul id="toc-Reserve_Bank_of_India_Innovation_Hub-sublist" class="vector-toc-list"> </ul> </li> </ul> </li> <li id="toc-Functions" class="vector-toc-list-item vector-toc-level-1"> <a class="vector-toc-link" href="#Functions"> <div class="vector-toc-text"> <span class="vector-toc-numb">6</span> <span>Functions</span> </div> </a> <button aria-controls="toc-Functions-sublist" class="cdx-button cdx-button--weight-quiet cdx-button--icon-only vector-toc-toggle"> <span class="vector-icon mw-ui-icon-wikimedia-expand"></span> <span>Toggle Functions subsection</span> </button> <ul id="toc-Functions-sublist" class="vector-toc-list"> <li id="toc-Financial_supervision" class="vector-toc-list-item vector-toc-level-2"> <a class="vector-toc-link" href="#Financial_supervision"> <div class="vector-toc-text"> <span class="vector-toc-numb">6.1</span> <span>Financial supervision</span> </div> </a> <ul id="toc-Financial_supervision-sublist" class="vector-toc-list"> </ul> </li> <li id="toc-Regulator_and_supervisor_of_the_financial_system" class="vector-toc-list-item vector-toc-level-2"> <a class="vector-toc-link" href="#Regulator_and_supervisor_of_the_financial_system"> <div class="vector-toc-text"> <span class="vector-toc-numb">6.2</span> <span>Regulator and supervisor of the financial system</span> </div> </a> <ul id="toc-Regulator_and_supervisor_of_the_financial_system-sublist" class="vector-toc-list"> </ul> </li> <li id="toc-Regulator_and_supervisor_of_the_payment_and_settlement_systems" class="vector-toc-list-item vector-toc-level-2"> <a class="vector-toc-link" href="#Regulator_and_supervisor_of_the_payment_and_settlement_systems"> <div class="vector-toc-text"> <span class="vector-toc-numb">6.3</span> <span>Regulator and supervisor of the payment and settlement systems</span> </div> </a> <ul id="toc-Regulator_and_supervisor_of_the_payment_and_settlement_systems-sublist" class="vector-toc-list"> </ul> </li> <li id="toc-Banker_and_debt_manager_to_government" class="vector-toc-list-item vector-toc-level-2"> <a class="vector-toc-link" href="#Banker_and_debt_manager_to_government"> <div class="vector-toc-text"> <span class="vector-toc-numb">6.4</span> <span>Banker and debt manager to government</span> </div> </a> <ul id="toc-Banker_and_debt_manager_to_government-sublist" class="vector-toc-list"> </ul> </li> <li id="toc-Managing_foreign_exchange" class="vector-toc-list-item vector-toc-level-2"> <a class="vector-toc-link" href="#Managing_foreign_exchange"> <div class="vector-toc-text"> <span class="vector-toc-numb">6.5</span> <span>Managing foreign exchange</span> </div> </a> <ul id="toc-Managing_foreign_exchange-sublist" class="vector-toc-list"> </ul> </li> <li id="toc-Issue_of_currency" class="vector-toc-list-item vector-toc-level-2"> <a class="vector-toc-link" href="#Issue_of_currency"> <div class="vector-toc-text"> <span class="vector-toc-numb">6.6</span> <span>Issue of currency</span> </div> </a> <ul id="toc-Issue_of_currency-sublist" class="vector-toc-list"> </ul> </li> <li id="toc-Bankers'_bank" class="vector-toc-list-item vector-toc-level-2"> <a class="vector-toc-link" href="#Bankers'_bank"> <div class="vector-toc-text"> <span class="vector-toc-numb">6.7</span> <span>Bankers' bank</span> </div> </a> <ul id="toc-Bankers'_bank-sublist" class="vector-toc-list"> </ul> </li> <li id="toc-Detection_of_fake_currency" class="vector-toc-list-item vector-toc-level-2"> <a class="vector-toc-link" href="#Detection_of_fake_currency"> <div class="vector-toc-text"> <span class="vector-toc-numb">6.8</span> <span>Detection of fake currency</span> </div> </a> <ul id="toc-Detection_of_fake_currency-sublist" class="vector-toc-list"> </ul> </li> <li id="toc-Developmental_role" class="vector-toc-list-item vector-toc-level-2"> <a class="vector-toc-link" href="#Developmental_role"> <div class="vector-toc-text"> <span class="vector-toc-numb">6.9</span> <span>Developmental role</span> </div> </a> <ul id="toc-Developmental_role-sublist" class="vector-toc-list"> </ul> </li> <li id="toc-Custodian_to_foreign_exchange" class="vector-toc-list-item vector-toc-level-2"> <a class="vector-toc-link" href="#Custodian_to_foreign_exchange"> <div class="vector-toc-text"> <span class="vector-toc-numb">6.10</span> <span>Custodian to foreign exchange</span> </div> </a> <ul id="toc-Custodian_to_foreign_exchange-sublist" class="vector-toc-list"> </ul> </li> <li id="toc-CSD_for_G-Sec_(government_securities)" class="vector-toc-list-item vector-toc-level-2"> <a class="vector-toc-link" href="#CSD_for_G-Sec_(government_securities)"> <div class="vector-toc-text"> <span class="vector-toc-numb">6.11</span> <span>CSD for G-Sec (government securities)</span> </div> </a> <ul id="toc-CSD_for_G-Sec_(government_securities)-sublist" class="vector-toc-list"> </ul> </li> <li id="toc-MIFOR_(Mumbai_interbank_forward_offer_rate)" class="vector-toc-list-item vector-toc-level-2"> <a class="vector-toc-link" href="#MIFOR_(Mumbai_interbank_forward_offer_rate)"> <div class="vector-toc-text"> <span class="vector-toc-numb">6.12</span> <span>MIFOR (Mumbai interbank forward offer rate)</span> </div> </a> <ul id="toc-MIFOR_(Mumbai_interbank_forward_offer_rate)-sublist" class="vector-toc-list"> </ul> </li> </ul> </li> <li id="toc-2016_demonetisation" class="vector-toc-list-item vector-toc-level-1"> <a class="vector-toc-link" href="#2016_demonetisation"> <div class="vector-toc-text"> <span class="vector-toc-numb">7</span> <span>2016 demonetisation</span> </div> </a> <button aria-controls="toc-2016_demonetisation-sublist" class="cdx-button cdx-button--weight-quiet cdx-button--icon-only vector-toc-toggle"> <span class="vector-icon mw-ui-icon-wikimedia-expand"></span> <span>Toggle 2016 demonetisation subsection</span> </button> <ul id="toc-2016_demonetisation-sublist" class="vector-toc-list"> <li id="toc-Cash_crunch_and_demerits" class="vector-toc-list-item vector-toc-level-2"> <a class="vector-toc-link" href="#Cash_crunch_and_demerits"> <div class="vector-toc-text"> <span class="vector-toc-numb">7.1</span> <span>Cash crunch and demerits</span> </div> </a> <ul id="toc-Cash_crunch_and_demerits-sublist" class="vector-toc-list"> </ul> </li> <li id="toc-Merits" class="vector-toc-list-item vector-toc-level-2"> <a class="vector-toc-link" href="#Merits"> <div class="vector-toc-text"> <span class="vector-toc-numb">7.2</span> <span>Merits</span> </div> </a> <ul id="toc-Merits-sublist" class="vector-toc-list"> </ul> </li> </ul> </li> <li id="toc-Policy_rates_and_reserve_ratios" class="vector-toc-list-item vector-toc-level-1"> <a class="vector-toc-link" href="#Policy_rates_and_reserve_ratios"> <div class="vector-toc-text"> <span class="vector-toc-numb">8</span> <span>Policy rates and reserve ratios</span> </div> </a> <button aria-controls="toc-Policy_rates_and_reserve_ratios-sublist" class="cdx-button cdx-button--weight-quiet cdx-button--icon-only vector-toc-toggle"> <span class="vector-icon mw-ui-icon-wikimedia-expand"></span> <span>Toggle Policy rates and reserve ratios subsection</span> </button> <ul id="toc-Policy_rates_and_reserve_ratios-sublist" class="vector-toc-list"> <li id="toc-Repo_rate" class="vector-toc-list-item vector-toc-level-2"> <a class="vector-toc-link" href="#Repo_rate"> <div class="vector-toc-text"> <span class="vector-toc-numb">8.1</span> <span>Repo rate</span> </div> </a> <ul id="toc-Repo_rate-sublist" class="vector-toc-list"> </ul> </li> <li id="toc-Reverse_repo_rate_(RRR)" class="vector-toc-list-item vector-toc-level-2"> <a class="vector-toc-link" href="#Reverse_repo_rate_(RRR)"> <div class="vector-toc-text"> <span class="vector-toc-numb">8.2</span> <span>Reverse repo rate (RRR)</span> </div> </a> <ul id="toc-Reverse_repo_rate_(RRR)-sublist" class="vector-toc-list"> </ul> </li> <li id="toc-Statutory_liquidity_ratio_(SLR)" class="vector-toc-list-item vector-toc-level-2"> <a class="vector-toc-link" href="#Statutory_liquidity_ratio_(SLR)"> <div class="vector-toc-text"> <span class="vector-toc-numb">8.3</span> <span>Statutory liquidity ratio (SLR)</span> </div> </a> <ul id="toc-Statutory_liquidity_ratio_(SLR)-sublist" class="vector-toc-list"> </ul> </li> <li id="toc-Bank_rate" class="vector-toc-list-item vector-toc-level-2"> <a class="vector-toc-link" href="#Bank_rate"> <div class="vector-toc-text"> <span class="vector-toc-numb">8.4</span> <span>Bank rate</span> </div> </a> <ul id="toc-Bank_rate-sublist" class="vector-toc-list"> </ul> </li> <li id="toc-Liquidity_adjustment_facility_(LAF)" class="vector-toc-list-item vector-toc-level-2"> <a class="vector-toc-link" href="#Liquidity_adjustment_facility_(LAF)"> <div class="vector-toc-text"> <span class="vector-toc-numb">8.5</span> <span>Liquidity adjustment facility (LAF)</span> </div> </a> <ul id="toc-Liquidity_adjustment_facility_(LAF)-sublist" class="vector-toc-list"> </ul> </li> <li id="toc-Cash_reserve_ratio_(CRR)" class="vector-toc-list-item vector-toc-level-2"> <a class="vector-toc-link" href="#Cash_reserve_ratio_(CRR)"> <div class="vector-toc-text"> <span class="vector-toc-numb">8.6</span> <span>Cash reserve ratio (CRR)</span> </div> </a> <ul id="toc-Cash_reserve_ratio_(CRR)-sublist" class="vector-toc-list"> </ul> </li> <li id="toc-Open_market_operation_(OMO)" class="vector-toc-list-item vector-toc-level-2"> <a class="vector-toc-link" href="#Open_market_operation_(OMO)"> <div class="vector-toc-text"> <span class="vector-toc-numb">8.7</span> <span>Open market operation (OMO)</span> </div> </a> <ul id="toc-Open_market_operation_(OMO)-sublist" class="vector-toc-list"> </ul> </li> <li id="toc-Marginal_standing_facility_(MSF)" class="vector-toc-list-item vector-toc-level-2"> <a class="vector-toc-link" href="#Marginal_standing_facility_(MSF)"> <div class="vector-toc-text"> <span class="vector-toc-numb">8.8</span> <span>Marginal standing facility (MSF)</span> </div> </a> <ul id="toc-Marginal_standing_facility_(MSF)-sublist" class="vector-toc-list"> </ul> </li> </ul> </li> <li id="toc-Qualitative_tools" class="vector-toc-list-item vector-toc-level-1"> <a class="vector-toc-link" href="#Qualitative_tools"> <div class="vector-toc-text"> <span class="vector-toc-numb">9</span> <span>Qualitative tools</span> </div> </a> <button aria-controls="toc-Qualitative_tools-sublist" class="cdx-button cdx-button--weight-quiet cdx-button--icon-only vector-toc-toggle"> <span class="vector-icon mw-ui-icon-wikimedia-expand"></span> <span>Toggle Qualitative tools subsection</span> </button> <ul id="toc-Qualitative_tools-sublist" class="vector-toc-list"> <li id="toc-Margin_requirements" class="vector-toc-list-item vector-toc-level-2"> <a class="vector-toc-link" href="#Margin_requirements"> <div class="vector-toc-text"> <span class="vector-toc-numb">9.1</span> <span>Margin requirements</span> </div> </a> <ul id="toc-Margin_requirements-sublist" class="vector-toc-list"> </ul> </li> <li id="toc-Selective_credit_control" class="vector-toc-list-item vector-toc-level-2"> <a class="vector-toc-link" href="#Selective_credit_control"> <div class="vector-toc-text"> <span class="vector-toc-numb">9.2</span> <span>Selective credit control</span> </div> </a> <ul id="toc-Selective_credit_control-sublist" class="vector-toc-list"> </ul> </li> <li id="toc-Moral_suasion" class="vector-toc-list-item vector-toc-level-2"> <a class="vector-toc-link" href="#Moral_suasion"> <div class="vector-toc-text"> <span class="vector-toc-numb">9.3</span> <span>Moral suasion</span> </div> </a> <ul id="toc-Moral_suasion-sublist" class="vector-toc-list"> </ul> </li> </ul> </li> <li id="toc-Limitations_of_monetary_policy" class="vector-toc-list-item vector-toc-level-1"> <a class="vector-toc-link" href="#Limitations_of_monetary_policy"> <div class="vector-toc-text"> <span class="vector-toc-numb">10</span> <span>Limitations of monetary policy</span> </div> </a> <ul id="toc-Limitations_of_monetary_policy-sublist" class="vector-toc-list"> </ul> </li> <li id="toc-RTGS_and_NEFT_transactions'_charges_removal" class="vector-toc-list-item vector-toc-level-1"> <a class="vector-toc-link" href="#RTGS_and_NEFT_transactions'_charges_removal"> <div class="vector-toc-text"> <span class="vector-toc-numb">11</span> <span>RTGS and NEFT transactions' charges removal</span> </div> </a> <ul id="toc-RTGS_and_NEFT_transactions'_charges_removal-sublist" class="vector-toc-list"> </ul> </li> <li id="toc-Regulation_of_variable_pay_of_bank_management" class="vector-toc-list-item vector-toc-level-1"> <a class="vector-toc-link" href="#Regulation_of_variable_pay_of_bank_management"> <div class="vector-toc-text"> <span class="vector-toc-numb">12</span> <span>Regulation of variable pay of bank management</span> </div> </a> <ul id="toc-Regulation_of_variable_pay_of_bank_management-sublist" class="vector-toc-list"> </ul> </li> <li id="toc-Publications" class="vector-toc-list-item vector-toc-level-1"> <a class="vector-toc-link" href="#Publications"> <div class="vector-toc-text"> <span class="vector-toc-numb">13</span> <span>Publications</span> </div> </a> <ul id="toc-Publications-sublist" class="vector-toc-list"> </ul> </li> <li id="toc-Committees_set_up_by_RBI" class="vector-toc-list-item vector-toc-level-1"> <a class="vector-toc-link" href="#Committees_set_up_by_RBI"> <div class="vector-toc-text"> <span class="vector-toc-numb">14</span> <span>Committees set up by RBI</span> </div> </a> <button aria-controls="toc-Committees_set_up_by_RBI-sublist" class="cdx-button cdx-button--weight-quiet cdx-button--icon-only vector-toc-toggle"> <span class="vector-icon mw-ui-icon-wikimedia-expand"></span> <span>Toggle Committees set up by RBI subsection</span> </button> <ul id="toc-Committees_set_up_by_RBI-sublist" class="vector-toc-list"> <li id="toc-KV_Kamath_Committee" class="vector-toc-list-item vector-toc-level-2"> <a class="vector-toc-link" href="#KV_Kamath_Committee"> <div class="vector-toc-text"> <span class="vector-toc-numb">14.1</span> <span>KV Kamath Committee</span> </div> </a> <ul id="toc-KV_Kamath_Committee-sublist" class="vector-toc-list"> </ul> </li> </ul> </li> <li id="toc-Attempt_to_caution_customers_against_virtual_currencies" class="vector-toc-list-item vector-toc-level-1"> <a class="vector-toc-link" href="#Attempt_to_caution_customers_against_virtual_currencies"> <div class="vector-toc-text"> <span class="vector-toc-numb">15</span> <span>Attempt to caution customers against virtual currencies</span> </div> </a> <ul id="toc-Attempt_to_caution_customers_against_virtual_currencies-sublist" class="vector-toc-list"> </ul> </li> <li id="toc-Training_academies" class="vector-toc-list-item vector-toc-level-1"> <a class="vector-toc-link" href="#Training_academies"> <div class="vector-toc-text"> <span class="vector-toc-numb">16</span> <span>Training academies</span> </div> </a> <ul id="toc-Training_academies-sublist" class="vector-toc-list"> </ul> </li> <li id="toc-Research_Units" class="vector-toc-list-item vector-toc-level-1"> <a class="vector-toc-link" href="#Research_Units"> <div class="vector-toc-text"> <span class="vector-toc-numb">17</span> <span>Research Units</span> </div> </a> <ul id="toc-Research_Units-sublist" class="vector-toc-list"> </ul> </li> <li id="toc-All_India_financial_institutions_separated_from_Reserve_Bank_of_India" class="vector-toc-list-item vector-toc-level-1"> <a class="vector-toc-link" href="#All_India_financial_institutions_separated_from_Reserve_Bank_of_India"> <div class="vector-toc-text"> <span class="vector-toc-numb">18</span> <span>All India financial institutions separated from Reserve Bank of India</span> </div> </a> <ul id="toc-All_India_financial_institutions_separated_from_Reserve_Bank_of_India-sublist" class="vector-toc-list"> </ul> </li> <li id="toc-All_India_financial_institutions_separated_from_Reserve_Bank_of_India_2" class="vector-toc-list-item vector-toc-level-1"> <a class="vector-toc-link" href="#All_India_financial_institutions_separated_from_Reserve_Bank_of_India_2"> <div class="vector-toc-text"> <span class="vector-toc-numb">19</span> <span>All India financial institutions separated from Reserve Bank of India</span> </div> </a> <ul id="toc-All_India_financial_institutions_separated_from_Reserve_Bank_of_India_2-sublist" class="vector-toc-list"> </ul> </li> <li id="toc-International_collaboration" class="vector-toc-list-item vector-toc-level-1"> <a class="vector-toc-link" href="#International_collaboration"> <div class="vector-toc-text"> <span class="vector-toc-numb">20</span> <span>International collaboration</span> </div> </a> <button aria-controls="toc-International_collaboration-sublist" class="cdx-button cdx-button--weight-quiet cdx-button--icon-only vector-toc-toggle"> <span class="vector-icon mw-ui-icon-wikimedia-expand"></span> <span>Toggle International collaboration subsection</span> </button> <ul id="toc-International_collaboration-sublist" class="vector-toc-list"> <li id="toc-Project_Nexus" class="vector-toc-list-item vector-toc-level-2"> <a class="vector-toc-link" href="#Project_Nexus"> <div class="vector-toc-text"> <span class="vector-toc-numb">20.1</span> <span>Project Nexus</span> </div> </a> <ul id="toc-Project_Nexus-sublist" class="vector-toc-list"> </ul> </li> </ul> </li> <li id="toc-See_also" class="vector-toc-list-item vector-toc-level-1"> <a class="vector-toc-link" href="#See_also"> <div class="vector-toc-text"> <span class="vector-toc-numb">21</span> <span>See also</span> </div> </a> <ul id="toc-See_also-sublist" class="vector-toc-list"> </ul> </li> <li id="toc-Notes" class="vector-toc-list-item vector-toc-level-1"> <a class="vector-toc-link" href="#Notes"> <div class="vector-toc-text"> <span class="vector-toc-numb">22</span> <span>Notes</span> </div> </a> <ul id="toc-Notes-sublist" class="vector-toc-list"> </ul> </li> <li id="toc-References" class="vector-toc-list-item vector-toc-level-1"> <a class="vector-toc-link" href="#References"> <div class="vector-toc-text"> <span class="vector-toc-numb">23</span> <span>References</span> </div> </a> <ul id="toc-References-sublist" class="vector-toc-list"> </ul> </li> <li id="toc-Further_reading" class="vector-toc-list-item vector-toc-level-1"> <a class="vector-toc-link" href="#Further_reading"> <div class="vector-toc-text"> <span class="vector-toc-numb">24</span> <span>Further reading</span> </div> </a> <ul id="toc-Further_reading-sublist" class="vector-toc-list"> </ul> </li> <li id="toc-External_links" class="vector-toc-list-item vector-toc-level-1"> <a class="vector-toc-link" href="#External_links"> <div class="vector-toc-text"> <span class="vector-toc-numb">25</span> <span>External links</span> </div> </a> <ul id="toc-External_links-sublist" class="vector-toc-list"> </ul> </li> </ul> </div> </div> </nav> </div> </div> <div class="mw-content-container"> <main id="content" class="mw-body"> <header class="mw-body-header 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<h1 id="firstHeading" class="firstHeading mw-first-heading"><span class="mw-page-title-main">Reserve Bank of India</span></h1> <div id="p-lang-btn" class="vector-dropdown mw-portlet mw-portlet-lang" > <input type="checkbox" id="p-lang-btn-checkbox" role="button" aria-haspopup="true" data-event-name="ui.dropdown-p-lang-btn" class="vector-dropdown-checkbox mw-interlanguage-selector" aria-label="Go to an article in another language. Available in 44 languages" > <label id="p-lang-btn-label" for="p-lang-btn-checkbox" class="vector-dropdown-label cdx-button cdx-button--fake-button cdx-button--fake-button--enabled cdx-button--weight-quiet cdx-button--action-progressive mw-portlet-lang-heading-44" aria-hidden="true" ><span class="vector-icon mw-ui-icon-language-progressive mw-ui-icon-wikimedia-language-progressive"></span> <span class="vector-dropdown-label-text">44 languages</span> </label> <div class="vector-dropdown-content"> <div class="vector-menu-content"> <ul class="vector-menu-content-list"> <li class="interlanguage-link interwiki-ar mw-list-item"><a href="https://ar.wikipedia.org/wiki/%D8%A8%D9%86%D9%83_%D8%A7%D9%84%D8%A7%D8%AD%D8%AA%D9%8A%D8%A7%D8%B7%D9%8A_%D8%A7%D9%84%D9%87%D9%86%D8%AF%D9%8A" title="بنك الاحتياطي الهندي – Arabic" lang="ar" hreflang="ar" data-title="بنك الاحتياطي الهندي" data-language-autonym="العربية" data-language-local-name="Arabic" class="interlanguage-link-target"><span>العربية</span></a></li><li class="interlanguage-link interwiki-as badge-Q17437798 badge-goodarticle mw-list-item" title="good article badge"><a href="https://as.wikipedia.org/wiki/%E0%A6%AD%E0%A6%BE%E0%A7%B0%E0%A6%A4%E0%A7%80%E0%A6%AF%E0%A6%BC_%E0%A7%B0%E0%A6%BF%E0%A6%9C%E0%A6%BE%E0%A7%B0%E0%A7%8D%E0%A6%AD_%E0%A6%AC%E0%A7%87%E0%A6%82%E0%A6%95" title="ভাৰতীয় ৰিজাৰ্ভ বেংক – Assamese" lang="as" hreflang="as" data-title="ভাৰতীয় ৰিজাৰ্ভ বেংক" data-language-autonym="অসমীয়া" data-language-local-name="Assamese" class="interlanguage-link-target"><span>অসমীয়া</span></a></li><li class="interlanguage-link interwiki-ast mw-list-item"><a href="https://ast.wikipedia.org/wiki/Bancu_de_la_Reserva_de_la_India" title="Bancu de la Reserva de la India – Asturian" lang="ast" hreflang="ast" data-title="Bancu de la Reserva de la India" data-language-autonym="Asturianu" data-language-local-name="Asturian" class="interlanguage-link-target"><span>Asturianu</span></a></li><li class="interlanguage-link interwiki-awa mw-list-item"><a href="https://awa.wikipedia.org/wiki/%E0%A4%AD%E0%A4%BE%E0%A4%B0%E0%A4%A4%E0%A5%80%E0%A4%AF_%E0%A4%B0%E0%A4%BF%E0%A4%9C%E0%A4%BC%E0%A4%B0%E0%A5%8D%E0%A4%B5_%E0%A4%AC%E0%A5%88%E0%A4%82%E0%A4%95" title="भारतीय रिज़र्व बैंक – Awadhi" lang="awa" hreflang="awa" data-title="भारतीय रिज़र्व बैंक" data-language-autonym="अवधी" data-language-local-name="Awadhi" class="interlanguage-link-target"><span>अवधी</span></a></li><li class="interlanguage-link interwiki-bn mw-list-item"><a href="https://bn.wikipedia.org/wiki/%E0%A6%AD%E0%A6%BE%E0%A6%B0%E0%A6%A4%E0%A7%80%E0%A6%AF%E0%A6%BC_%E0%A6%B0%E0%A6%BF%E0%A6%9C%E0%A6%BE%E0%A6%B0%E0%A7%8D%E0%A6%AD_%E0%A6%AC%E0%A7%8D%E0%A6%AF%E0%A6%BE%E0%A6%99%E0%A7%8D%E0%A6%95" title="ভারতীয় রিজার্ভ ব্যাঙ্ক – Bangla" lang="bn" hreflang="bn" data-title="ভারতীয় রিজার্ভ ব্যাঙ্ক" data-language-autonym="বাংলা" data-language-local-name="Bangla" class="interlanguage-link-target"><span>বাংলা</span></a></li><li class="interlanguage-link interwiki-bh mw-list-item"><a href="https://bh.wikipedia.org/wiki/%E0%A4%AD%E0%A4%BE%E0%A4%B0%E0%A4%A4%E0%A5%80%E0%A4%AF_%E0%A4%B0%E0%A4%BF%E0%A4%9C%E0%A4%B0%E0%A5%8D%E0%A4%B5_%E0%A4%AC%E0%A5%88%E0%A4%82%E0%A4%95" title="भारतीय रिजर्व बैंक – Bhojpuri" lang="bh" hreflang="bh" data-title="भारतीय रिजर्व बैंक" data-language-autonym="भोजपुरी" data-language-local-name="Bhojpuri" class="interlanguage-link-target"><span>भोजपुरी</span></a></li><li class="interlanguage-link interwiki-cs mw-list-item"><a href="https://cs.wikipedia.org/wiki/Rezervn%C3%AD_banka_Indie" title="Rezervní banka Indie – Czech" lang="cs" hreflang="cs" data-title="Rezervní banka Indie" data-language-autonym="Čeština" data-language-local-name="Czech" class="interlanguage-link-target"><span>Čeština</span></a></li><li class="interlanguage-link interwiki-de badge-Q17437798 badge-goodarticle mw-list-item" title="good article badge"><a href="https://de.wikipedia.org/wiki/Reserve_Bank_of_India" title="Reserve Bank of India – German" lang="de" hreflang="de" data-title="Reserve Bank of India" data-language-autonym="Deutsch" data-language-local-name="German" class="interlanguage-link-target"><span>Deutsch</span></a></li><li class="interlanguage-link interwiki-es mw-list-item"><a href="https://es.wikipedia.org/wiki/Banco_de_la_Reserva_de_la_India" title="Banco de la Reserva de la India – Spanish" lang="es" hreflang="es" data-title="Banco de la Reserva de la India" data-language-autonym="Español" data-language-local-name="Spanish" class="interlanguage-link-target"><span>Español</span></a></li><li class="interlanguage-link interwiki-eo mw-list-item"><a href="https://eo.wikipedia.org/wiki/Rezerva_Banko_de_Barato" title="Rezerva Banko de Barato – Esperanto" lang="eo" hreflang="eo" data-title="Rezerva Banko de Barato" data-language-autonym="Esperanto" data-language-local-name="Esperanto" class="interlanguage-link-target"><span>Esperanto</span></a></li><li class="interlanguage-link interwiki-fa mw-list-item"><a href="https://fa.wikipedia.org/wiki/%D8%A8%D8%A7%D9%86%DA%A9_%D8%B0%D8%AE%D8%A7%DB%8C%D8%B1_%D9%87%D9%86%D8%AF" title="بانک ذخایر هند – Persian" lang="fa" hreflang="fa" data-title="بانک ذخایر هند" data-language-autonym="فارسی" data-language-local-name="Persian" class="interlanguage-link-target"><span>فارسی</span></a></li><li class="interlanguage-link interwiki-fr mw-list-item"><a href="https://fr.wikipedia.org/wiki/Banque_de_r%C3%A9serve_de_l%27Inde" title="Banque de réserve de l'Inde – French" lang="fr" hreflang="fr" data-title="Banque de réserve de l'Inde" data-language-autonym="Français" data-language-local-name="French" class="interlanguage-link-target"><span>Français</span></a></li><li class="interlanguage-link interwiki-gu mw-list-item"><a href="https://gu.wikipedia.org/wiki/%E0%AA%AD%E0%AA%BE%E0%AA%B0%E0%AA%A4%E0%AB%80%E0%AA%AF_%E0%AA%B0%E0%AA%BF%E0%AA%9D%E0%AA%B0%E0%AB%8D%E0%AA%B5_%E0%AA%AC%E0%AB%87%E0%AA%82%E0%AA%95" title="ભારતીય રિઝર્વ બેંક – Gujarati" lang="gu" hreflang="gu" data-title="ભારતીય રિઝર્વ બેંક" data-language-autonym="ગુજરાતી" data-language-local-name="Gujarati" class="interlanguage-link-target"><span>ગુજરાતી</span></a></li><li class="interlanguage-link interwiki-ko mw-list-item"><a href="https://ko.wikipedia.org/wiki/%EC%9D%B8%EB%8F%84_%EC%A4%80%EB%B9%84%EC%9D%80%ED%96%89" title="인도 준비은행 – Korean" lang="ko" hreflang="ko" data-title="인도 준비은행" data-language-autonym="한국어" data-language-local-name="Korean" class="interlanguage-link-target"><span>한국어</span></a></li><li class="interlanguage-link interwiki-hy mw-list-item"><a href="https://hy.wikipedia.org/wiki/%D5%80%D5%B6%D5%A4%D5%AF%D5%A1%D5%BD%D5%BF%D5%A1%D5%B6%D5%AB_%D5%BA%D5%A1%D5%B0%D5%B8%D6%82%D5%BD%D5%BF%D5%A1%D5%B5%D5%AB%D5%B6_%D5%A2%D5%A1%D5%B6%D5%AF" title="Հնդկաստանի պահուստային բանկ – Armenian" lang="hy" hreflang="hy" data-title="Հնդկաստանի պահուստային բանկ" data-language-autonym="Հայերեն" data-language-local-name="Armenian" class="interlanguage-link-target"><span>Հայերեն</span></a></li><li class="interlanguage-link interwiki-hi mw-list-item"><a href="https://hi.wikipedia.org/wiki/%E0%A4%AD%E0%A4%BE%E0%A4%B0%E0%A4%A4%E0%A5%80%E0%A4%AF_%E0%A4%B0%E0%A4%BF%E0%A4%9C%E0%A4%BC%E0%A4%B0%E0%A5%8D%E0%A4%B5_%E0%A4%AC%E0%A5%88%E0%A4%82%E0%A4%95" title="भारतीय रिज़र्व बैंक – Hindi" lang="hi" hreflang="hi" data-title="भारतीय रिज़र्व बैंक" data-language-autonym="हिन्दी" data-language-local-name="Hindi" class="interlanguage-link-target"><span>हिन्दी</span></a></li><li class="interlanguage-link interwiki-id mw-list-item"><a href="https://id.wikipedia.org/wiki/Reserve_Bank_of_India" title="Reserve Bank of India – Indonesian" lang="id" hreflang="id" data-title="Reserve Bank of India" data-language-autonym="Bahasa Indonesia" data-language-local-name="Indonesian" class="interlanguage-link-target"><span>Bahasa Indonesia</span></a></li><li class="interlanguage-link interwiki-it mw-list-item"><a href="https://it.wikipedia.org/wiki/Reserve_Bank_of_India" title="Reserve Bank of India – Italian" lang="it" hreflang="it" data-title="Reserve Bank of India" data-language-autonym="Italiano" data-language-local-name="Italian" class="interlanguage-link-target"><span>Italiano</span></a></li><li class="interlanguage-link interwiki-he mw-list-item"><a href="https://he.wikipedia.org/wiki/%D7%94%D7%91%D7%A0%D7%A7_%D7%94%D7%9E%D7%A8%D7%9B%D7%96%D7%99_%D7%A9%D7%9C_%D7%94%D7%95%D7%93%D7%95" title="הבנק המרכזי של הודו – Hebrew" lang="he" hreflang="he" data-title="הבנק המרכזי של הודו" data-language-autonym="עברית" data-language-local-name="Hebrew" class="interlanguage-link-target"><span>עברית</span></a></li><li class="interlanguage-link interwiki-kn mw-list-item"><a href="https://kn.wikipedia.org/wiki/%E0%B2%AD%E0%B2%BE%E0%B2%B0%E0%B2%A4%E0%B3%80%E0%B2%AF_%E0%B2%B0%E0%B2%BF%E0%B2%B8%E0%B2%B0%E0%B3%8D%E0%B2%B5%E0%B3%8D_%E0%B2%AC%E0%B3%8D%E0%B2%AF%E0%B2%BE%E0%B2%82%E0%B2%95%E0%B3%8D" title="ಭಾರತೀಯ ರಿಸರ್ವ್ ಬ್ಯಾಂಕ್ – Kannada" lang="kn" hreflang="kn" data-title="ಭಾರತೀಯ ರಿಸರ್ವ್ ಬ್ಯಾಂಕ್" data-language-autonym="ಕನ್ನಡ" data-language-local-name="Kannada" class="interlanguage-link-target"><span>ಕನ್ನಡ</span></a></li><li class="interlanguage-link interwiki-mai mw-list-item"><a href="https://mai.wikipedia.org/wiki/%E0%A4%AD%E0%A4%BE%E0%A4%B0%E0%A4%A4%E0%A5%80%E0%A4%AF_%E0%A4%B0%E0%A4%BF%E0%A4%9C%E0%A4%B0%E0%A5%8D%E0%A4%B5_%E0%A4%AC%E0%A5%88%E0%A4%82%E0%A4%95" title="भारतीय रिजर्व बैंक – Maithili" lang="mai" hreflang="mai" data-title="भारतीय रिजर्व बैंक" data-language-autonym="मैथिली" data-language-local-name="Maithili" class="interlanguage-link-target"><span>मैथिली</span></a></li><li class="interlanguage-link interwiki-ml mw-list-item"><a href="https://ml.wikipedia.org/wiki/%E0%B4%AD%E0%B4%BE%E0%B4%B0%E0%B4%A4%E0%B5%80%E0%B4%AF_%E0%B4%B1%E0%B4%BF%E0%B4%B8%E0%B5%BC%E0%B4%B5%E0%B5%8D_%E0%B4%AC%E0%B4%BE%E0%B4%99%E0%B5%8D%E0%B4%95%E0%B5%8D" title="ഭാരതീയ റിസർവ് ബാങ്ക് – Malayalam" lang="ml" hreflang="ml" data-title="ഭാരതീയ റിസർവ് ബാങ്ക്" data-language-autonym="മലയാളം" data-language-local-name="Malayalam" class="interlanguage-link-target"><span>മലയാളം</span></a></li><li class="interlanguage-link interwiki-mr mw-list-item"><a href="https://mr.wikipedia.org/wiki/%E0%A4%AD%E0%A4%BE%E0%A4%B0%E0%A4%A4%E0%A5%80%E0%A4%AF_%E0%A4%B0%E0%A4%BF%E0%A4%9D%E0%A4%B0%E0%A5%8D%E0%A4%B5_%E0%A4%AC%E0%A4%81%E0%A4%95" title="भारतीय रिझर्व बँक – Marathi" lang="mr" hreflang="mr" data-title="भारतीय रिझर्व बँक" data-language-autonym="मराठी" data-language-local-name="Marathi" class="interlanguage-link-target"><span>मराठी</span></a></li><li class="interlanguage-link interwiki-ms mw-list-item"><a href="https://ms.wikipedia.org/wiki/Bank_Rizab_India" title="Bank Rizab India – Malay" lang="ms" hreflang="ms" data-title="Bank Rizab India" data-language-autonym="Bahasa Melayu" data-language-local-name="Malay" class="interlanguage-link-target"><span>Bahasa Melayu</span></a></li><li class="interlanguage-link interwiki-mni mw-list-item"><a href="https://mni.wikipedia.org/wiki/%EA%AF%94%EA%AF%A4%EA%AF%96%EA%AF%94%EA%AF%9A_%EA%AF%95%EA%AF%A6%EA%AF%A1%EA%AF%9B_%EA%AF%91%EA%AF%A3%EA%AF%90_%EA%AF%8F%EA%AF%9F%EA%AF%97%EA%AF%A4%EA%AF%8C%EA%AF%A5" title="ꯔꯤꯖꯔꯚ ꯕꯦꯡꯛ ꯑꯣꯐ ꯏꯟꯗꯤꯌꯥ – Manipuri" lang="mni" hreflang="mni" data-title="ꯔꯤꯖꯔꯚ ꯕꯦꯡꯛ ꯑꯣꯐ ꯏꯟꯗꯤꯌꯥ" data-language-autonym="ꯃꯤꯇꯩ ꯂꯣꯟ" data-language-local-name="Manipuri" class="interlanguage-link-target"><span>ꯃꯤꯇꯩ ꯂꯣꯟ</span></a></li><li class="interlanguage-link interwiki-ne mw-list-item"><a href="https://ne.wikipedia.org/wiki/%E0%A4%AD%E0%A4%BE%E0%A4%B0%E0%A4%A4%E0%A5%80%E0%A4%AF_%E0%A4%B0%E0%A4%BF%E0%A4%9C%E0%A4%B0%E0%A5%8D%E0%A4%B5_%E0%A4%AC%E0%A5%88%E0%A4%99%E0%A5%8D%E0%A4%95" title="भारतीय रिजर्व बैङ्क – Nepali" lang="ne" hreflang="ne" data-title="भारतीय रिजर्व बैङ्क" data-language-autonym="नेपाली" data-language-local-name="Nepali" class="interlanguage-link-target"><span>नेपाली</span></a></li><li class="interlanguage-link interwiki-ja mw-list-item"><a href="https://ja.wikipedia.org/wiki/%E3%82%A4%E3%83%B3%E3%83%89%E6%BA%96%E5%82%99%E9%8A%80%E8%A1%8C" title="インド準備銀行 – Japanese" lang="ja" hreflang="ja" data-title="インド準備銀行" data-language-autonym="日本語" data-language-local-name="Japanese" class="interlanguage-link-target"><span>日本語</span></a></li><li class="interlanguage-link interwiki-no mw-list-item"><a href="https://no.wikipedia.org/wiki/Indias_sentralbank" title="Indias sentralbank – Norwegian Bokmål" lang="nb" hreflang="nb" data-title="Indias sentralbank" data-language-autonym="Norsk bokmål" data-language-local-name="Norwegian Bokmål" class="interlanguage-link-target"><span>Norsk bokmål</span></a></li><li class="interlanguage-link interwiki-or mw-list-item"><a href="https://or.wikipedia.org/wiki/%E0%AC%AD%E0%AC%BE%E0%AC%B0%E0%AC%A4%E0%AD%80%E0%AD%9F_%E0%AC%B0%E0%AC%BF%E0%AC%9C%E0%AC%B0%E0%AD%8D%E0%AC%AD_%E0%AC%AC%E0%AD%8D%E0%AD%9F%E0%AC%BE%E0%AC%99%E0%AD%8D%E0%AC%95" title="ଭାରତୀୟ ରିଜର୍ଭ ବ୍ୟାଙ୍କ – Odia" lang="or" hreflang="or" data-title="ଭାରତୀୟ ରିଜର୍ଭ ବ୍ୟାଙ୍କ" data-language-autonym="ଓଡ଼ିଆ" data-language-local-name="Odia" class="interlanguage-link-target"><span>ଓଡ଼ିଆ</span></a></li><li class="interlanguage-link interwiki-pa mw-list-item"><a href="https://pa.wikipedia.org/wiki/%E0%A8%AD%E0%A8%BE%E0%A8%B0%E0%A8%A4%E0%A9%80_%E0%A8%B0%E0%A8%BF%E0%A8%9C%E0%A8%BC%E0%A8%B0%E0%A8%B5_%E0%A8%AC%E0%A9%88%E0%A8%82%E0%A8%95" title="ਭਾਰਤੀ ਰਿਜ਼ਰਵ ਬੈਂਕ – Punjabi" lang="pa" hreflang="pa" data-title="ਭਾਰਤੀ ਰਿਜ਼ਰਵ ਬੈਂਕ" data-language-autonym="ਪੰਜਾਬੀ" data-language-local-name="Punjabi" class="interlanguage-link-target"><span>ਪੰਜਾਬੀ</span></a></li><li class="interlanguage-link interwiki-pnb mw-list-item"><a href="https://pnb.wikipedia.org/wiki/%D8%B1%DB%8C%D8%B2%D8%B1%D9%88_%D8%A8%DB%8C%D9%86%DA%A9_%D8%A2%D9%81_%D8%A7%D9%86%DA%88%DB%8C%D8%A7" title="ریزرو بینک آف انڈیا – Western Punjabi" lang="pnb" hreflang="pnb" data-title="ریزرو بینک آف انڈیا" data-language-autonym="پنجابی" data-language-local-name="Western Punjabi" class="interlanguage-link-target"><span>پنجابی</span></a></li><li class="interlanguage-link interwiki-pt mw-list-item"><a href="https://pt.wikipedia.org/wiki/Reserve_Bank_of_India" title="Reserve Bank of India – Portuguese" lang="pt" hreflang="pt" data-title="Reserve Bank of India" data-language-autonym="Português" data-language-local-name="Portuguese" class="interlanguage-link-target"><span>Português</span></a></li><li class="interlanguage-link interwiki-ru mw-list-item"><a href="https://ru.wikipedia.org/wiki/%D0%A0%D0%B5%D0%B7%D0%B5%D1%80%D0%B2%D0%BD%D1%8B%D0%B9_%D0%B1%D0%B0%D0%BD%D0%BA_%D0%98%D0%BD%D0%B4%D0%B8%D0%B8" title="Резервный банк Индии – Russian" lang="ru" hreflang="ru" data-title="Резервный банк Индии" data-language-autonym="Русский" data-language-local-name="Russian" class="interlanguage-link-target"><span>Русский</span></a></li><li class="interlanguage-link interwiki-simple mw-list-item"><a href="https://simple.wikipedia.org/wiki/Reserve_Bank_of_India" title="Reserve Bank of India – Simple English" lang="en-simple" hreflang="en-simple" data-title="Reserve Bank of India" data-language-autonym="Simple English" data-language-local-name="Simple English" class="interlanguage-link-target"><span>Simple English</span></a></li><li class="interlanguage-link interwiki-fi mw-list-item"><a href="https://fi.wikipedia.org/wiki/Reserve_Bank_of_India" title="Reserve Bank of India – Finnish" lang="fi" hreflang="fi" data-title="Reserve Bank of India" data-language-autonym="Suomi" data-language-local-name="Finnish" class="interlanguage-link-target"><span>Suomi</span></a></li><li class="interlanguage-link interwiki-sv mw-list-item"><a href="https://sv.wikipedia.org/wiki/Indiens_centralbank" title="Indiens centralbank – Swedish" lang="sv" hreflang="sv" data-title="Indiens centralbank" data-language-autonym="Svenska" data-language-local-name="Swedish" class="interlanguage-link-target"><span>Svenska</span></a></li><li class="interlanguage-link interwiki-ta mw-list-item"><a href="https://ta.wikipedia.org/wiki/%E0%AE%87%E0%AE%A8%E0%AF%8D%E0%AE%A4%E0%AE%BF%E0%AE%AF_%E0%AE%B0%E0%AE%BF%E0%AE%9A%E0%AE%B0%E0%AF%8D%E0%AE%B5%E0%AF%8D_%E0%AE%B5%E0%AE%99%E0%AF%8D%E0%AE%95%E0%AE%BF" title="இந்திய ரிசர்வ் வங்கி – Tamil" lang="ta" hreflang="ta" data-title="இந்திய ரிசர்வ் வங்கி" data-language-autonym="தமிழ்" data-language-local-name="Tamil" class="interlanguage-link-target"><span>தமிழ்</span></a></li><li class="interlanguage-link interwiki-te mw-list-item"><a href="https://te.wikipedia.org/wiki/%E0%B0%AD%E0%B0%BE%E0%B0%B0%E0%B0%A4%E0%B1%80%E0%B0%AF_%E0%B0%B0%E0%B0%BF%E0%B0%9C%E0%B0%B0%E0%B1%8D%E0%B0%B5%E0%B1%8D_%E0%B0%AC%E0%B1%8D%E0%B0%AF%E0%B0%BE%E0%B0%82%E0%B0%95%E0%B1%8D" title="భారతీయ రిజర్వ్ బ్యాంక్ – Telugu" lang="te" hreflang="te" data-title="భారతీయ రిజర్వ్ బ్యాంక్" data-language-autonym="తెలుగు" data-language-local-name="Telugu" class="interlanguage-link-target"><span>తెలుగు</span></a></li><li class="interlanguage-link interwiki-th mw-list-item"><a href="https://th.wikipedia.org/wiki/%E0%B8%98%E0%B8%99%E0%B8%B2%E0%B8%84%E0%B8%B2%E0%B8%A3%E0%B8%97%E0%B8%B8%E0%B8%99%E0%B8%AA%E0%B8%B3%E0%B8%A3%E0%B8%AD%E0%B8%87%E0%B8%AD%E0%B8%B4%E0%B8%99%E0%B9%80%E0%B8%94%E0%B8%B5%E0%B8%A2" title="ธนาคารทุนสำรองอินเดีย – Thai" lang="th" hreflang="th" data-title="ธนาคารทุนสำรองอินเดีย" data-language-autonym="ไทย" data-language-local-name="Thai" class="interlanguage-link-target"><span>ไทย</span></a></li><li class="interlanguage-link interwiki-uk mw-list-item"><a href="https://uk.wikipedia.org/wiki/%D0%A0%D0%B5%D0%B7%D0%B5%D1%80%D0%B2%D0%BD%D0%B8%D0%B9_%D0%B1%D0%B0%D0%BD%D0%BA_%D0%86%D0%BD%D0%B4%D1%96%D1%97" title="Резервний банк Індії – Ukrainian" lang="uk" hreflang="uk" data-title="Резервний банк Індії" data-language-autonym="Українська" data-language-local-name="Ukrainian" class="interlanguage-link-target"><span>Українська</span></a></li><li class="interlanguage-link interwiki-ur mw-list-item"><a href="https://ur.wikipedia.org/wiki/%D8%B1%DB%8C%D8%B2%D8%B1%D9%88_%D8%A8%DB%8C%D9%86%DA%A9_%D8%A2%D9%81_%D8%A7%D9%86%DA%88%DB%8C%D8%A7" title="ریزرو بینک آف انڈیا – Urdu" lang="ur" hreflang="ur" data-title="ریزرو بینک آف انڈیا" data-language-autonym="اردو" data-language-local-name="Urdu" class="interlanguage-link-target"><span>اردو</span></a></li><li class="interlanguage-link interwiki-wuu mw-list-item"><a href="https://wuu.wikipedia.org/wiki/%E5%8D%B0%E5%BA%A6%E5%82%A8%E5%A4%87%E9%93%B6%E8%A1%8C" title="印度储备银行 – Wu" lang="wuu" hreflang="wuu" data-title="印度储备银行" data-language-autonym="吴语" data-language-local-name="Wu" class="interlanguage-link-target"><span>吴语</span></a></li><li class="interlanguage-link interwiki-zh-yue mw-list-item"><a href="https://zh-yue.wikipedia.org/wiki/%E5%8D%B0%E5%BA%A6%E5%84%B2%E5%82%99%E9%8A%80%E8%A1%8C" title="印度儲備銀行 – Cantonese" lang="yue" hreflang="yue" data-title="印度儲備銀行" data-language-autonym="粵語" data-language-local-name="Cantonese" class="interlanguage-link-target"><span>粵語</span></a></li><li class="interlanguage-link interwiki-zh mw-list-item"><a href="https://zh.wikipedia.org/wiki/%E5%8D%B0%E5%BA%A6%E5%82%A8%E5%A4%87%E9%93%B6%E8%A1%8C" title="印度储备银行 – Chinese" lang="zh" hreflang="zh" data-title="印度储备银行" data-language-autonym="中文" data-language-local-name="Chinese" class="interlanguage-link-target"><span>中文</span></a></li> </ul> <div class="after-portlet after-portlet-lang"><span class="wb-langlinks-edit wb-langlinks-link"><a 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72.83646°E</span><span style="display:none"> / <span class="geo">18.93324; 72.83646</span></span></span></a></span></span></div></div> </div> <div id="siteSub" class="noprint">From Wikipedia, the free encyclopedia</div> </div> <div id="contentSub"><div id="mw-content-subtitle"></div></div> <div id="mw-content-text" class="mw-body-content"><div class="mw-content-ltr mw-parser-output" lang="en" dir="ltr"><div class="shortdescription nomobile noexcerpt noprint searchaux" style="display:none">Central Bank of India</div> <p class="mw-empty-elt"> </p> <style data-mw-deduplicate="TemplateStyles:r1257001546">.mw-parser-output .infobox-subbox{padding:0;border:none;margin:-3px;width:auto;min-width:100%;font-size:100%;clear:none;float:none;background-color:transparent}.mw-parser-output .infobox-3cols-child{margin:auto}.mw-parser-output .infobox .navbar{font-size:100%}@media screen{html.skin-theme-clientpref-night .mw-parser-output .infobox-full-data:not(.notheme)>div:not(.notheme)[style]{background:#1f1f23!important;color:#f8f9fa}}@media screen and (prefers-color-scheme:dark){html.skin-theme-clientpref-os .mw-parser-output .infobox-full-data:not(.notheme) div:not(.notheme){background:#1f1f23!important;color:#f8f9fa}}@media(min-width:640px){body.skin--responsive .mw-parser-output .infobox-table{display:table!important}body.skin--responsive .mw-parser-output .infobox-table>caption{display:table-caption!important}body.skin--responsive .mw-parser-output .infobox-table>tbody{display:table-row-group}body.skin--responsive .mw-parser-output .infobox-table tr{display:table-row!important}body.skin--responsive .mw-parser-output .infobox-table th,body.skin--responsive .mw-parser-output .infobox-table td{padding-left:inherit;padding-right:inherit}}</style><style data-mw-deduplicate="TemplateStyles:r1151960987">body.skin-minerva .mw-parser-output .infobox table{display:table}body.skin-minerva .mw-parser-output .infobox caption{display:table-caption}</style><table class="infobox vcard"><caption class="infobox-title fn org">Reserve Bank of India<br />भारतीय रिज़र्व बैंक</caption><tbody><tr><td colspan="2" class="infobox-image"><span typeof="mw:File"><a href="/wiki/File:Seal_of_the_Reserve_Bank_of_India.svg" class="mw-file-description"><img src="//upload.wikimedia.org/wikipedia/commons/thumb/1/1b/Seal_of_the_Reserve_Bank_of_India.svg/160px-Seal_of_the_Reserve_Bank_of_India.svg.png" decoding="async" width="160" height="160" class="mw-file-element" srcset="//upload.wikimedia.org/wikipedia/commons/thumb/1/1b/Seal_of_the_Reserve_Bank_of_India.svg/240px-Seal_of_the_Reserve_Bank_of_India.svg.png 1.5x, //upload.wikimedia.org/wikipedia/commons/thumb/1/1b/Seal_of_the_Reserve_Bank_of_India.svg/320px-Seal_of_the_Reserve_Bank_of_India.svg.png 2x" data-file-width="400" data-file-height="400" /></a></span><br />Seal of the Reserve Bank of India<br /><br /><span typeof="mw:File"><a href="/wiki/File:Reserve_Bank_of_India_logo.svg" class="mw-file-description"><img src="//upload.wikimedia.org/wikipedia/commons/thumb/8/8d/Reserve_Bank_of_India_logo.svg/300px-Reserve_Bank_of_India_logo.svg.png" decoding="async" width="300" height="105" class="mw-file-element" srcset="//upload.wikimedia.org/wikipedia/commons/thumb/8/8d/Reserve_Bank_of_India_logo.svg/450px-Reserve_Bank_of_India_logo.svg.png 1.5x, //upload.wikimedia.org/wikipedia/commons/thumb/8/8d/Reserve_Bank_of_India_logo.svg/600px-Reserve_Bank_of_India_logo.svg.png 2x" data-file-width="488" data-file-height="170" /></a></span><br />Logo of the Reserve Bank of India</td></tr><tr class="label"><th scope="row" class="infobox-label">Headquarters</th><td class="infobox-data"><a href="/wiki/Mumbai" title="Mumbai">Mumbai</a>, Maharashtra, India</td></tr><tr><th scope="row" class="infobox-label"><a href="/wiki/Geographic_coordinate_system" title="Geographic coordinate system">Coordinates</a></th><td class="infobox-data"><span class="geo-inline"><style data-mw-deduplicate="TemplateStyles:r1156832818">.mw-parser-output .geo-default,.mw-parser-output .geo-dms,.mw-parser-output .geo-dec{display:inline}.mw-parser-output .geo-nondefault,.mw-parser-output .geo-multi-punct,.mw-parser-output .geo-inline-hidden{display:none}.mw-parser-output .longitude,.mw-parser-output .latitude{white-space:nowrap}</style><span class="plainlinks nourlexpansion"><a class="external text" href="https://geohack.toolforge.org/geohack.php?pagename=Reserve_Bank_of_India&params=18.93324_N_72.83646_E_type:landmark_region:IN"><span class="geo-default"><span class="geo-dms" title="Maps, aerial photos, and other data for this location"><span class="latitude">18°56′00″N</span> <span class="longitude">72°50′11″E</span></span></span><span class="geo-multi-punct"> / </span><span class="geo-nondefault"><span class="geo-dec" title="Maps, aerial photos, and other data for this location">18.93324°N 72.83646°E</span><span style="display:none"> / <span class="geo">18.93324; 72.83646</span></span></span></a></span></span></td></tr><tr><th scope="row" class="infobox-label">Established</th><td class="infobox-data">1 April 1935<span class="noprint">; 89 years ago</span><span style="display:none"> (<span class="bday dtstart published updated">1935-04-01</span>)</span><sup id="cite_ref-1" class="reference"><a href="#cite_note-1"><span class="cite-bracket">[</span>1<span class="cite-bracket">]</span></a></sup></td></tr><tr><th scope="row" class="infobox-label"><a href="/wiki/Governor_of_Reserve_Bank_of_India" class="mw-redirect" title="Governor of Reserve Bank of India">Governor</a></th><td class="infobox-data"><a href="/wiki/Shaktikanta_Das" title="Shaktikanta Das">Shaktikanta Das</a>,<sup id="cite_ref-shaktikanta_2-0" class="reference"><a href="#cite_note-shaktikanta-2"><span class="cite-bracket">[</span>2<span class="cite-bracket">]</span></a></sup> <a href="/wiki/Indian_Administrative_Service" title="Indian Administrative Service">IAS (retd.)</a></td></tr><tr><th scope="row" class="infobox-label">Key people</th><td class="infobox-data"><style data-mw-deduplicate="TemplateStyles:r1126788409">.mw-parser-output .plainlist ol,.mw-parser-output .plainlist ul{line-height:inherit;list-style:none;margin:0;padding:0}.mw-parser-output .plainlist ol li,.mw-parser-output .plainlist ul li{margin-bottom:0}</style><div class="plainlist"> <ul><li><a href="/wiki/Shaktikanta_Das" title="Shaktikanta Das">Shaktikanta Das</a><br />(<a href="/wiki/Governor_of_Reserve_Bank_of_India" class="mw-redirect" title="Governor of Reserve Bank of India">Governor</a>)</li></ul> <p><b>Deputy Governors</b><sup id="cite_ref-3" class="reference"><a href="#cite_note-3"><span class="cite-bracket">[</span>3<span class="cite-bracket">]</span></a></sup> <br /> </p> <ul><li>M. Rajeshwar Rao</li> <li>Swaminathan J</li> <li>T. Rabi Sankar</li> <li>Dr. M.D. Patra</li></ul> </div></td></tr><tr><th scope="row" class="infobox-label">Central bank of</th><td class="infobox-data"><span class="flagicon"><span class="mw-image-border" typeof="mw:File"><span><img alt="" src="//upload.wikimedia.org/wikipedia/en/thumb/4/41/Flag_of_India.svg/23px-Flag_of_India.svg.png" decoding="async" width="23" height="15" class="mw-file-element" srcset="//upload.wikimedia.org/wikipedia/en/thumb/4/41/Flag_of_India.svg/35px-Flag_of_India.svg.png 1.5x, //upload.wikimedia.org/wikipedia/en/thumb/4/41/Flag_of_India.svg/45px-Flag_of_India.svg.png 2x" data-file-width="900" data-file-height="600" /></span></span> </span><a href="/wiki/India" title="India">India</a></td></tr><tr><th scope="row" class="infobox-label">Currency</th><td class="infobox-data"><a href="/wiki/Indian_rupee" title="Indian rupee">Indian rupee</a> (<a href="/wiki/%E2%82%B9" class="mw-redirect" title="₹">₹</a>)<br />INR (<a href="/wiki/ISO_4217" title="ISO 4217">ISO 4217</a>)</td></tr><tr><th scope="row" class="infobox-label">Reserves</th><td class="infobox-data"><span typeof="mw:File"><span title="Increase"><img alt="Increase" src="//upload.wikimedia.org/wikipedia/commons/thumb/b/b0/Increase2.svg/11px-Increase2.svg.png" decoding="async" width="11" height="11" class="mw-file-element" srcset="//upload.wikimedia.org/wikipedia/commons/thumb/b/b0/Increase2.svg/17px-Increase2.svg.png 1.5x, //upload.wikimedia.org/wikipedia/commons/thumb/b/b0/Increase2.svg/22px-Increase2.svg.png 2x" data-file-width="300" data-file-height="300" /></span></span> $641.590 billion<sup id="cite_ref-4" class="reference"><a href="#cite_note-4"><span class="cite-bracket">[</span>a<span class="cite-bracket">]</span></a></sup><sup id="cite_ref-5" class="reference"><a href="#cite_note-5"><span class="cite-bracket">[</span>4<span class="cite-bracket">]</span></a></sup><br />(as of 3 May 2024<sup class="plainlinks noexcerpt noprint asof-tag update" style="display:none;"><a class="external text" href="https://en.wikipedia.org/w/index.php?title=Reserve_Bank_of_India&action=edit">[update]</a></sup>)</td></tr><tr><th scope="row" class="infobox-label"><a href="/wiki/Bank_rate" title="Bank rate">Bank rate</a></th><td class="infobox-data">6.75%<sup id="cite_ref-auto_6-0" class="reference"><a href="#cite_note-auto-6"><span class="cite-bracket">[</span>5<span class="cite-bracket">]</span></a></sup></td></tr><tr><th scope="row" class="infobox-label">Interest on reserves</th><td class="infobox-data">3.35% <span style="font-size:85%;">(market determined)</span><sup id="cite_ref-auto_6-1" class="reference"><a href="#cite_note-auto-6"><span class="cite-bracket">[</span>5<span class="cite-bracket">]</span></a></sup></td></tr><tr><th scope="row" class="infobox-label">Website</th><td class="infobox-data"><span class="url"><a rel="nofollow" class="external text" href="https://website.rbi.org.in">website<wbr />.rbi<wbr />.org<wbr />.in</a></span></td></tr><tr><td colspan="2" class="infobox-full-data"><link rel="mw-deduplicated-inline-style" href="mw-data:TemplateStyles:r1257001546">Reserve Bank of India</td></tr><tr><th colspan="2" class="infobox-header" style="background-color: #efefef">Agency overview</th></tr><tr><th scope="row" class="infobox-label">Jurisdiction</th><td class="infobox-data"><a href="/wiki/Government_of_India" title="Government of India">Government of India</a></td></tr><tr><th scope="row" class="infobox-label">Key document</th><td class="infobox-data"><link rel="mw-deduplicated-inline-style" href="mw-data:TemplateStyles:r1126788409"><div class="plainlist"><ul><li style="text-indent: -1em; padding-left: 1em;"><a href="/wiki/Reserve_Bank_of_India_Act,_1934" title="Reserve Bank of India Act, 1934">Reserve Bank of India Act, 1934</a></li></ul></div></td></tr><tr style="display:none"><td colspan="2"> </td></tr></tbody></table> <p>The <b>Reserve Bank of India</b> (abbreviated as <b>RBI</b>) is <a href="/wiki/India" title="India">India's</a> <a href="/wiki/Central_bank" title="Central bank">central bank</a> and regulatory body responsible for regulation of the Indian banking system. Owned by the <a href="/wiki/Ministry_of_Finance_(India)" title="Ministry of Finance (India)">Ministry of Finance</a> of the <a href="/wiki/Government_of_India" title="Government of India">Government of India</a>, it is responsible for the control, issue and maintaining supply of the Indian rupee. It also manages the country's main payment systems and works to promote its economic development. </p><p>The RBI, along with the <a href="/wiki/Indian_Banks%27_Association" title="Indian Banks' Association">Indian Banks' Association</a>, established the <a href="/wiki/National_Payments_Corporation_of_India" title="National Payments Corporation of India">National Payments Corporation of India</a> to promote and regulate the payment and settlement systems in India. <a href="/wiki/Bharatiya_Reserve_Bank_Note_Mudran" title="Bharatiya Reserve Bank Note Mudran">Bharatiya Reserve Bank Note Mudran (BRBNM)</a> is a specialised division of RBI through which it prints and mints Indian currency notes (INR) in two of its currency printing presses located in <a href="/wiki/Mysore" title="Mysore">Mysore</a> (Karnataka; Southern India) and <a href="/wiki/Salboni" title="Salboni">Salboni</a> (West Bengal; Eastern India).<sup id="cite_ref-7" class="reference"><a href="#cite_note-7"><span class="cite-bracket">[</span>6<span class="cite-bracket">]</span></a></sup> <a href="/wiki/Deposit_Insurance_and_Credit_Guarantee_Corporation" title="Deposit Insurance and Credit Guarantee Corporation">Deposit Insurance and Credit Guarantee Corporation</a> was established by RBI as one of its specialized division for the purpose of providing insurance of deposits and guaranteeing of credit facilities to all Indian banks. </p><p>Until the <a href="/wiki/Monetary_Policy_Committee_(India)" title="Monetary Policy Committee (India)">Monetary Policy Committee</a> was established in 2016,<sup id="cite_ref-8" class="reference"><a href="#cite_note-8"><span class="cite-bracket">[</span>7<span class="cite-bracket">]</span></a></sup> it also had full control over <a href="/wiki/Monetary_policy_of_India" title="Monetary policy of India">monetary policy in the country</a>.<sup id="cite_ref-mpc_9-0" class="reference"><a href="#cite_note-mpc-9"><span class="cite-bracket">[</span>8<span class="cite-bracket">]</span></a></sup> It commenced its operations on 1 April 1935 in accordance with the <a href="/wiki/Reserve_Bank_of_India_Act,_1934" title="Reserve Bank of India Act, 1934">Reserve Bank of India Act, 1934</a>.<sup id="cite_ref-10" class="reference"><a href="#cite_note-10"><span class="cite-bracket">[</span>9<span class="cite-bracket">]</span></a></sup> The original share capital was divided into shares of 100 each fully paid.<sup id="cite_ref-RBIA1934-2009_11-0" class="reference"><a href="#cite_note-RBIA1934-2009-11"><span class="cite-bracket">[</span>10<span class="cite-bracket">]</span></a></sup> The RBI was <a href="/wiki/Nationalization" title="Nationalization">nationalised</a> on 1 January 1949, almost a year and a half after India's independence.<sup id="cite_ref-12" class="reference"><a href="#cite_note-12"><span class="cite-bracket">[</span>11<span class="cite-bracket">]</span></a></sup> </p><p>The overall direction of the RBI lies with the 21-member central board of directors, composed of: the governor; four deputy governors; two finance ministry representatives (usually the Economic Affairs Secretary and the Financial Services Secretary); ten government-nominated directors; and four directors who represent local boards for Mumbai, Kolkata, Chennai, and Delhi. Each of these local boards consists of five members who represent regional interests and the interests of co-operative and indigenous banks. </p><p>It is a member bank of the <a href="/wiki/Asian_Clearing_Union" title="Asian Clearing Union">Asian Clearing Union</a>. The bank is also active in promoting financial inclusion policy and is a leading member of the <a href="/wiki/Alliance_for_Financial_Inclusion" title="Alliance for Financial Inclusion">Alliance for Financial Inclusion (AFI)</a>. The bank is often referred to by the name "Mint Street".<sup id="cite_ref-13" class="reference"><a href="#cite_note-13"><span class="cite-bracket">[</span>12<span class="cite-bracket">]</span></a></sup> </p> <meta property="mw:PageProp/toc" /> <div class="mw-heading mw-heading2"><h2 id="Preamble">Preamble</h2><span class="mw-editsection"><span class="mw-editsection-bracket">[</span><a href="/w/index.php?title=Reserve_Bank_of_India&action=edit&section=1" title="Edit section: Preamble"><span>edit</span></a><span class="mw-editsection-bracket">]</span></span></div> <p>The preamble of the Reserve Bank of India describes the basic functions of the reserve bank as:<sup id="cite_ref-14" class="reference"><a href="#cite_note-14"><span class="cite-bracket">[</span>13<span class="cite-bracket">]</span></a></sup> </p> <style data-mw-deduplicate="TemplateStyles:r1244412712">.mw-parser-output .templatequote{overflow:hidden;margin:1em 0;padding:0 32px}.mw-parser-output .templatequotecite{line-height:1.5em;text-align:left;margin-top:0}@media(min-width:500px){.mw-parser-output .templatequotecite{padding-left:1.6em}}</style><blockquote class="templatequote"><p>...to regulate the issue of Bank notes and keeping of reserves with a view to securing monetary stability in India and generally to operate the currency and credit system of the country to its advantage; to have a modern monetary policy framework to meet the challenge of an increasingly complex economy, to maintain price stability while keeping in mind the objective of growth.</p></blockquote> <div class="mw-heading mw-heading2"><h2 id="History">History</h2><span class="mw-editsection"><span class="mw-editsection-bracket">[</span><a href="/w/index.php?title=Reserve_Bank_of_India&action=edit&section=2" title="Edit section: History"><span>edit</span></a><span class="mw-editsection-bracket">]</span></span></div> <figure class="mw-default-size" typeof="mw:File/Thumb"><a href="/wiki/File:Reserve_Bank_of_India_2010_stamp.jpg" class="mw-file-description"><img src="//upload.wikimedia.org/wikipedia/commons/thumb/2/26/Reserve_Bank_of_India_2010_stamp.jpg/220px-Reserve_Bank_of_India_2010_stamp.jpg" decoding="async" width="220" height="122" class="mw-file-element" srcset="//upload.wikimedia.org/wikipedia/commons/thumb/2/26/Reserve_Bank_of_India_2010_stamp.jpg/330px-Reserve_Bank_of_India_2010_stamp.jpg 1.5x, //upload.wikimedia.org/wikipedia/commons/thumb/2/26/Reserve_Bank_of_India_2010_stamp.jpg/440px-Reserve_Bank_of_India_2010_stamp.jpg 2x" data-file-width="691" data-file-height="382" /></a><figcaption>A 2010 stamp dedicated to the 75th anniversary of the Reserve Bank of India</figcaption></figure> <p>The Reserve Bank of India was established<sup id="cite_ref-15" class="reference"><a href="#cite_note-15"><span class="cite-bracket">[</span>14<span class="cite-bracket">]</span></a></sup> in 1934, under the <a href="/wiki/Reserve_Bank_of_India_Act,_1934" title="Reserve Bank of India Act, 1934">Reserve Bank of India Act</a>.<sup id="cite_ref-16" class="reference"><a href="#cite_note-16"><span class="cite-bracket">[</span>15<span class="cite-bracket">]</span></a></sup> Though privately owned initially, it was nationalised in 1949 and since then fully owned by the <a href="/wiki/Ministry_of_Finance_(India)" title="Ministry of Finance (India)">Ministry of Finance</a>, <a href="/wiki/Government_of_India" title="Government of India">Government of India</a> (GoI). </p> <div class="mw-heading mw-heading3"><h3 id="1935–1949"><span id="1935.E2.80.931949"></span>1935–1949</h3><span class="mw-editsection"><span class="mw-editsection-bracket">[</span><a href="/w/index.php?title=Reserve_Bank_of_India&action=edit&section=3" title="Edit section: 1935–1949"><span>edit</span></a><span class="mw-editsection-bracket">]</span></span></div> <figure class="mw-default-size" typeof="mw:File/Thumb"><a href="/wiki/File:IND-19a-Reserve_Bank_of_India-10_Rupees_(1937).jpg" class="mw-file-description"><img src="//upload.wikimedia.org/wikipedia/commons/thumb/4/4e/IND-19a-Reserve_Bank_of_India-10_Rupees_%281937%29.jpg/220px-IND-19a-Reserve_Bank_of_India-10_Rupees_%281937%29.jpg" decoding="async" width="220" height="253" class="mw-file-element" srcset="//upload.wikimedia.org/wikipedia/commons/thumb/4/4e/IND-19a-Reserve_Bank_of_India-10_Rupees_%281937%29.jpg/330px-IND-19a-Reserve_Bank_of_India-10_Rupees_%281937%29.jpg 1.5x, //upload.wikimedia.org/wikipedia/commons/thumb/4/4e/IND-19a-Reserve_Bank_of_India-10_Rupees_%281937%29.jpg/440px-IND-19a-Reserve_Bank_of_India-10_Rupees_%281937%29.jpg 2x" data-file-width="4945" data-file-height="5681" /></a><figcaption>Reserve Bank of India-10 Rupees (1938), the first year of banknote issue</figcaption></figure> <p>The Reserve Bank of India was founded on 1 April 1935 to respond to economic troubles after the <a href="/wiki/First_World_War" class="mw-redirect" title="First World War">First World War</a>.<sup id="cite_ref-17" class="reference"><a href="#cite_note-17"><span class="cite-bracket">[</span>16<span class="cite-bracket">]</span></a></sup> The bank was set up based on the recommendations of the 1926 Royal Commission on Indian Currency and Finance, also known as the <a href="/wiki/Hilton_Young_Commission" title="Hilton Young Commission">Hilton Young Commission</a>.<sup id="cite_ref-PDF_18-0" class="reference"><a href="#cite_note-PDF-18"><span class="cite-bracket">[</span>17<span class="cite-bracket">]</span></a></sup> Eventually, the Central Legislative Assembly passed these guidelines as the RBI Act 1934. India was the first colony to have its own central bank.<sup id="cite_ref-19" class="reference"><a href="#cite_note-19"><span class="cite-bracket">[</span>18<span class="cite-bracket">]</span></a></sup> </p><p>The original choice for the seal of RBI was the East India Company <a href="/wiki/Mohur" title="Mohur">Double Mohur</a>, with the sketch of the Lion and Palm Tree. However, it was decided to replace the lion with the tiger, the national animal of India. The Preamble of the RBI describes its basic functions to regulate the issue of banknotes, keep reserves to secure monetary stability in India, and generally to operate the currency and credit system in the best interests of the country. The Central Office of the RBI was established in Calcutta (now Kolkata) but was moved to Bombay (now Mumbai) in 1937. The RBI also acted as Burma's (now Myanmar) central bank until April 1947 (except during the years of Japanese occupation (1942–45)), even though Burma seceded from the Indian Union in 1937. After the <a href="/wiki/Partition_of_India" title="Partition of India">Partition of India</a> in August 1947, the bank served as the central bank for <a href="/wiki/Pakistan" title="Pakistan">Pakistan</a> until June 1948 when the <a href="/wiki/State_Bank_of_Pakistan" title="State Bank of Pakistan">State Bank of Pakistan</a> commenced operations. Though set up as a shareholders' bank, the RBI has been fully owned by the <a href="/wiki/Government_of_India" title="Government of India">Government of India</a> since its nationalisation in 1949.<sup id="cite_ref-20" class="reference"><a href="#cite_note-20"><span class="cite-bracket">[</span>19<span class="cite-bracket">]</span></a></sup> RBI has a monopoly of note issue. </p> <div class="mw-heading mw-heading3"><h3 id="1950–1960"><span id="1950.E2.80.931960"></span>1950–1960</h3><span class="mw-editsection"><span class="mw-editsection-bracket">[</span><a href="/w/index.php?title=Reserve_Bank_of_India&action=edit&section=4" title="Edit section: 1950–1960"><span>edit</span></a><span class="mw-editsection-bracket">]</span></span></div> <p>In the 1950s, the Indian government, under its first Prime Minister <a href="/wiki/Jawaharlal_Nehru" title="Jawaharlal Nehru">Jawaharlal Nehru</a>, developed a centrally planned economic policy that focused on the agricultural sector. The administration nationalised commercial banks<sup id="cite_ref-21" class="reference"><a href="#cite_note-21"><span class="cite-bracket">[</span>20<span class="cite-bracket">]</span></a></sup> and established, based on the <i>Banking Companies Act, 1949</i> (later called the <a href="/wiki/Banking_Regulation_Act,_1949" title="Banking Regulation Act, 1949">Banking Regulation Act</a>), a central bank regulation as part of the RBI. Furthermore, the central bank was ordered to support economic plan with loans.<sup id="cite_ref-autogenerated2004_22-0" class="reference"><a href="#cite_note-autogenerated2004-22"><span class="cite-bracket">[</span>21<span class="cite-bracket">]</span></a></sup> </p> <div class="mw-heading mw-heading3"><h3 id="1961–1968"><span id="1961.E2.80.931968"></span>1961–1968</h3><span class="mw-editsection"><span class="mw-editsection-bracket">[</span><a href="/w/index.php?title=Reserve_Bank_of_India&action=edit&section=5" title="Edit section: 1961–1968"><span>edit</span></a><span class="mw-editsection-bracket">]</span></span></div> <p>As a result of bank crashes, the RBI was requested to establish and monitor a deposit insurance system. Meant to restore the trust in the national bank system, it was initialized on 7 December 1961. The Indian government founded the funds to promote the economy and used the slogan "Developing Banking". The government of India restructured the national bank market and nationalized a lot of institutes. As a result, the RBI had to play the central part in controlling and supporting this public banking sector. </p> <div class="mw-heading mw-heading3"><h3 id="1969–1984"><span id="1969.E2.80.931984"></span>1969–1984</h3><span class="mw-editsection"><span class="mw-editsection-bracket">[</span><a href="/w/index.php?title=Reserve_Bank_of_India&action=edit&section=6" title="Edit section: 1969–1984"><span>edit</span></a><span class="mw-editsection-bracket">]</span></span></div> <p>In 1969, the <a href="/wiki/Indira_Gandhi" title="Indira Gandhi">Indira Gandhi</a>-headed government nationalised 14 major commercial banks. Upon Indira Gandhi's return to power in 1980, a further six banks were nationalised.<sup id="cite_ref-PDF_18-1" class="reference"><a href="#cite_note-PDF-18"><span class="cite-bracket">[</span>17<span class="cite-bracket">]</span></a></sup> The regulation of the economy and especially the financial sector was reinforced by the Government of India in the 1970s and 1980s.<sup id="cite_ref-j2_23-0" class="reference"><a href="#cite_note-j2-23"><span class="cite-bracket">[</span>22<span class="cite-bracket">]</span></a></sup> The central bank became the central player and increased its policies a lot for various tasks like interests, reserve ratio and visible deposits.<sup id="cite_ref-j1_24-0" class="reference"><a href="#cite_note-j1-24"><span class="cite-bracket">[</span>23<span class="cite-bracket">]</span></a></sup> These measures aimed at better economic development and had a huge effect on the company policy of the institutes. The banks lend money in selected sectors, like agricultural business and small trade companies.<sup id="cite_ref-EconJournal1_25-0" class="reference"><a href="#cite_note-EconJournal1-25"><span class="cite-bracket">[</span>24<span class="cite-bracket">]</span></a></sup> The Banking Commission was established on Wednesday, 29 January 1969, to analyse banking costs, effects of legislations and banking procedures, including non-banking financial intermediaries and indigenous banking on <a href="/wiki/Government_of_India" title="Government of India">Government of India</a> economy; with R.G. Saraiya as the chairman.<sup id="cite_ref-26" class="reference"><a href="#cite_note-26"><span class="cite-bracket">[</span>25<span class="cite-bracket">]</span></a></sup><sup id="cite_ref-27" class="reference"><a href="#cite_note-27"><span class="cite-bracket">[</span>26<span class="cite-bracket">]</span></a></sup><sup id="cite_ref-28" class="reference"><a href="#cite_note-28"><span class="cite-bracket">[</span>27<span class="cite-bracket">]</span></a></sup> </p><p>The branch was forced to establish two new offices in the country for every newly established office in a town.<sup id="cite_ref-29" class="reference"><a href="#cite_note-29"><span class="cite-bracket">[</span>28<span class="cite-bracket">]</span></a></sup> The <a href="/wiki/1970s_energy_crisis" title="1970s energy crisis">oil crises</a> in 1973 resulted in increasing <a href="/wiki/Inflation" title="Inflation">inflation</a>, and the RBI restricted monetary policy to reduce the effects.<sup id="cite_ref-30" class="reference"><a href="#cite_note-30"><span class="cite-bracket">[</span>29<span class="cite-bracket">]</span></a></sup> </p> <div class="mw-heading mw-heading3"><h3 id="1985–1990"><span id="1985.E2.80.931990"></span>1985–1990</h3><span class="mw-editsection"><span class="mw-editsection-bracket">[</span><a href="/w/index.php?title=Reserve_Bank_of_India&action=edit&section=7" title="Edit section: 1985–1990"><span>edit</span></a><span class="mw-editsection-bracket">]</span></span></div> <p>Many committees analysed the Indian economy between 1985 and 1989. Their results had an effect on the RBI. The <a href="/wiki/Board_for_Industrial_and_Financial_Reconstruction" title="Board for Industrial and Financial Reconstruction">Board for Industrial and Financial Reconstruction</a>, the Indira Gandhi Institute of Development Research and the Security & Exchange Board of India investigated the national economy as a whole, and the security and exchange board proposed better methods for more effective markets and the protection of investor interests. The Indian financial market was a leading example for so-called "financial repression" (Mckinnon and Shaw).<sup id="cite_ref-j1_24-1" class="reference"><a href="#cite_note-j1-24"><span class="cite-bracket">[</span>23<span class="cite-bracket">]</span></a></sup> The Discount and Finance House of India began its operations in the monetary market in April 1988; the National Housing Bank, founded in July 1988, was forced to invest in the property market and a new financial law improved the versatility of direct deposit by more security measures and liberalisation.<sup id="cite_ref-31" class="reference"><a href="#cite_note-31"><span class="cite-bracket">[</span>30<span class="cite-bracket">]</span></a></sup> </p> <div class="mw-heading mw-heading3"><h3 id="1991–1999"><span id="1991.E2.80.931999"></span>1991–1999</h3><span class="mw-editsection"><span class="mw-editsection-bracket">[</span><a href="/w/index.php?title=Reserve_Bank_of_India&action=edit&section=8" title="Edit section: 1991–1999"><span>edit</span></a><span class="mw-editsection-bracket">]</span></span></div> <p>The national economy contracted in July 1991 as the Indian rupee was devalued.<sup id="cite_ref-32" class="reference"><a href="#cite_note-32"><span class="cite-bracket">[</span>31<span class="cite-bracket">]</span></a></sup> The currency lost 18% of its value relative to the <a href="/wiki/United_States_Dollar" class="mw-redirect" title="United States Dollar">US dollar</a>, and the <a href="/wiki/Narasimham_Committee_on_Banking_Sector_Reforms_(1998)" class="mw-redirect" title="Narasimham Committee on Banking Sector Reforms (1998)">Narsimham Committee</a> advised restructuring the financial sector by a temporal reduced reserve ratio as well as the statutory liquidity ratio. New guidelines were published in 1993 to establish a private banking sector. This turning point was meant to reinforce the market and was often called <a href="/wiki/Neoliberalism" title="Neoliberalism">neo-liberal</a>.<sup id="cite_ref-j2_23-1" class="reference"><a href="#cite_note-j2-23"><span class="cite-bracket">[</span>22<span class="cite-bracket">]</span></a></sup> The central bank deregulated bank interests and some sectors of the financial market like the trust and property markets.<sup id="cite_ref-33" class="reference"><a href="#cite_note-33"><span class="cite-bracket">[</span>32<span class="cite-bracket">]</span></a></sup> This first phase was a success and the central government forced a diversity liberalisation to diversify owner structures in 1998.<sup id="cite_ref-j1_24-2" class="reference"><a href="#cite_note-j1-24"><span class="cite-bracket">[</span>23<span class="cite-bracket">]</span></a></sup> </p><p>The <a href="/wiki/National_Stock_Exchange_of_India" title="National Stock Exchange of India">National Stock Exchange of India</a> took the trade on in June 1994 and the RBI allowed nationalised banks in July to interact with the <a href="/wiki/Capital_market" title="Capital market">capital market</a> to reinforce their capital base. The central bank founded a subsidiary company—the <a href="/wiki/Bharatiya_Reserve_Bank_Note_Mudran_Private_Limited" class="mw-redirect" title="Bharatiya Reserve Bank Note Mudran Private Limited">Bharatiya Reserve Bank Note Mudran Private Limited</a>—on 3 February 1995 to produce banknotes.<sup id="cite_ref-34" class="reference"><a href="#cite_note-34"><span class="cite-bracket">[</span>33<span class="cite-bracket">]</span></a></sup> </p> <div class="mw-heading mw-heading3"><h3 id="2000_-_2009">2000 - 2009</h3><span class="mw-editsection"><span class="mw-editsection-bracket">[</span><a href="/w/index.php?title=Reserve_Bank_of_India&action=edit&section=9" title="Edit section: 2000 - 2009"><span>edit</span></a><span class="mw-editsection-bracket">]</span></span></div> <p>The <i><a href="/wiki/Foreign_Exchange_Management_Act" title="Foreign Exchange Management Act">Foreign Exchange Management Act</a>, 1999</i> came into force in June 2000. It should improve the item in 2004–2005 (<a href="/wiki/National_Electronic_Fund_Transfer" class="mw-redirect" title="National Electronic Fund Transfer">National Electronic Fund Transfer</a>).<sup id="cite_ref-35" class="reference"><a href="#cite_note-35"><span class="cite-bracket">[</span>34<span class="cite-bracket">]</span></a></sup> The Security Printing & Minting Corporation of India Ltd., a merger of nine institutions, was founded in 2006 and produces banknotes and coins.<sup id="cite_ref-36" class="reference"><a href="#cite_note-36"><span class="cite-bracket">[</span>35<span class="cite-bracket">]</span></a></sup> </p><p>The national economy's growth rate came down to 5.8% in the last quarter of 2008–2009<sup id="cite_ref-37" class="reference"><a href="#cite_note-37"><span class="cite-bracket">[</span>36<span class="cite-bracket">]</span></a></sup> and the central bank promotes the economic development.<sup id="cite_ref-38" class="reference"><a href="#cite_note-38"><span class="cite-bracket">[</span>37<span class="cite-bracket">]</span></a></sup> </p> <div class="mw-heading mw-heading3"><h3 id="Since_2010">Since 2010</h3><span class="mw-editsection"><span class="mw-editsection-bracket">[</span><a href="/w/index.php?title=Reserve_Bank_of_India&action=edit&section=10" title="Edit section: Since 2010"><span>edit</span></a><span class="mw-editsection-bracket">]</span></span></div> <p>In 2016, the <a href="/wiki/Government_of_India" title="Government of India">Government of India</a> amended the RBI Act to establish the <a href="/wiki/Monetary_Policy_Committee_of_India" class="mw-redirect" title="Monetary Policy Committee of India">Monetary Policy Committee</a> (MPC) to set. This limited the role of the RBI in setting interest rates, as the MPC membership is evenly divided between members of the RBI (including the RBI governor) and independent members appointed by the government. However, in the event of a tie, the vote of the RBI governor is decisive.<sup id="cite_ref-mpc_9-1" class="reference"><a href="#cite_note-mpc-9"><span class="cite-bracket">[</span>8<span class="cite-bracket">]</span></a></sup> </p><p>The same year, the RBI started issuing a new bond called the <a href="/wiki/Sovereign_Gold_Bond" title="Sovereign Gold Bond">Sovereign Gold Bond</a>, on behalf of the Government.<sup id="cite_ref-39" class="reference"><a href="#cite_note-39"><span class="cite-bracket">[</span>38<span class="cite-bracket">]</span></a></sup> The intent behind the scheme was to reduce gold imports by shifting investments from physical gold into a bond that tracked the price of gold.<sup id="cite_ref-40" class="reference"><a href="#cite_note-40"><span class="cite-bracket">[</span>39<span class="cite-bracket">]</span></a></sup> The bond also carried interest. </p><p>In April 2018, the RBI announced that "entities regulated by RBI shall not deal with or provide services to any individual or business entities dealing with or settling <a href="/wiki/Virtual_currency" title="Virtual currency">virtual currencies</a>," including <a href="/wiki/Bitcoin" title="Bitcoin">Bitcoin</a>.<sup id="cite_ref-41" class="reference"><a href="#cite_note-41"><span class="cite-bracket">[</span>40<span class="cite-bracket">]</span></a></sup> While the RBI later clarified that it "has not prohibited" virtual currencies,<sup id="cite_ref-42" class="reference"><a href="#cite_note-42"><span class="cite-bracket">[</span>41<span class="cite-bracket">]</span></a></sup> a three-judge panel of the <a href="/wiki/Supreme_Court_of_India" title="Supreme Court of India">Supreme Court of India</a> issued a ruling on 4 March 2020 that the RBI had failed to show "at least some semblance of any damage suffered by its regulated entities" through the handling of virtual currencies to justify its decision.<sup id="cite_ref-43" class="reference"><a href="#cite_note-43"><span class="cite-bracket">[</span>42<span class="cite-bracket">]</span></a></sup> The court challenge was filed by the <a href="/wiki/Internet_and_Mobile_Association_of_India" title="Internet and Mobile Association of India">Internet and Mobile Association of India</a>, whose members include some cryptocurrency exchanges whose businesses suffered following the RBI's 2018 order.<sup id="cite_ref-44" class="reference"><a href="#cite_note-44"><span class="cite-bracket">[</span>43<span class="cite-bracket">]</span></a></sup><sup id="cite_ref-45" class="reference"><a href="#cite_note-45"><span class="cite-bracket">[</span>44<span class="cite-bracket">]</span></a></sup><sup id="cite_ref-46" class="reference"><a href="#cite_note-46"><span class="cite-bracket">[</span>45<span class="cite-bracket">]</span></a></sup> </p> <div class="mw-heading mw-heading2"><h2 id="Structure">Structure</h2><span class="mw-editsection"><span class="mw-editsection-bracket">[</span><a href="/w/index.php?title=Reserve_Bank_of_India&action=edit&section=11" title="Edit section: Structure"><span>edit</span></a><span class="mw-editsection-bracket">]</span></span></div> <figure class="mw-default-size" typeof="mw:File/Thumb"><a href="/wiki/File:MonetaryMuseumRBIPlaque.JPG" class="mw-file-description"><img src="//upload.wikimedia.org/wikipedia/commons/thumb/c/ca/MonetaryMuseumRBIPlaque.JPG/220px-MonetaryMuseumRBIPlaque.JPG" decoding="async" width="220" height="165" class="mw-file-element" srcset="//upload.wikimedia.org/wikipedia/commons/thumb/c/ca/MonetaryMuseumRBIPlaque.JPG/330px-MonetaryMuseumRBIPlaque.JPG 1.5x, //upload.wikimedia.org/wikipedia/commons/thumb/c/ca/MonetaryMuseumRBIPlaque.JPG/440px-MonetaryMuseumRBIPlaque.JPG 2x" data-file-width="4000" data-file-height="3000" /></a><figcaption><a href="/wiki/RBI_Monetary_Museum" title="RBI Monetary Museum">RBI Monetary Museum</a> in <a href="/wiki/Mumbai" title="Mumbai">Mumbai</a> was established by the bank under its educational programme in 2004.</figcaption></figure> <p>The central board of directors is the main committee of the central bank. The Government of India appoints the directors for a four-year term. The board consists of a governor, and not more than four deputy governors; four directors to represent the regional boards;<sup id="cite_ref-47" class="reference"><a href="#cite_note-47"><span class="cite-bracket">[</span>46<span class="cite-bracket">]</span></a></sup> two – usually the <a href="/wiki/Secretary_to_Government_of_India" class="mw-redirect" title="Secretary to Government of India">Economic Affairs Secretary</a> and the <a href="/wiki/Secretary_to_Government_of_India" class="mw-redirect" title="Secretary to Government of India">Financial Services Secretary</a> – from the <a href="/wiki/Ministry_of_Finance_(India)" title="Ministry of Finance (India)">Ministry of Finance</a> and ten other directors from various fields. The Reserve Bank – under <a href="/wiki/Raghuram_Rajan" title="Raghuram Rajan">Raghuram Rajan's</a> governorship – wanted to create a post of a <a href="/wiki/Chief_operating_officer" title="Chief operating officer">chief operating officer</a> (COO), in the rank of deputy governor and wanted to re-allocate work between the five of them (four deputy governor and COO).<sup id="cite_ref-48" class="reference"><a href="#cite_note-48"><span class="cite-bracket">[</span>47<span class="cite-bracket">]</span></a></sup><sup id="cite_ref-49" class="reference"><a href="#cite_note-49"><span class="cite-bracket">[</span>48<span class="cite-bracket">]</span></a></sup> </p><p>Two of the four deputy governors are traditionally from RBI ranks and are selected from the bank's executive directors. One is nominated from among the chairpersons of public sector banks and the other is an economist. An <a href="/wiki/Indian_Administrative_Service" title="Indian Administrative Service">Indian Administrative Service</a> officer can also be appointed as deputy governor of RBI and later as the governor of RBI as with the case of <a href="/wiki/Y._Venugopal_Reddy" class="mw-redirect" title="Y. Venugopal Reddy">Y. Venugopal Reddy</a> and <a href="/wiki/Duvvuri_Subbarao" title="Duvvuri Subbarao">Duvvuri Subbarao</a>. Other persons forming part of the central board of directors of the RBI are Revathi Iyer, Sachin Chaturvedi, Satish Kashinath Marathe, Swaminathan Gurumurthy, Anand Gopal Mahindra, Venu Srinivasan, Pankaj Ramanbhai Patel, Ravindra H. Dholakia, Ajay Seth, and Vivek Joshi. </p><p>Executive Directors (ED) consist of M. Rajeshwar Rao, Lily Vadera, Rabi N. Mishra, Smt. Nanda S. Dave, Anil K. Sharma, S. C. Murmu, T. Rabi Sankar, Janak Raj, P Vijayakumar, Indrani Banerjee, O.P. Mall and Sudha Balakrishnan (Chief Financial Officer).<sup id="cite_ref-50" class="reference"><a href="#cite_note-50"><span class="cite-bracket">[</span>49<span class="cite-bracket">]</span></a></sup> </p><p>Sudha Balakrishnan, a former vice-president at <a href="/wiki/National_Securities_Depository_Limited" title="National Securities Depository Limited">National Securities Depository Limited</a>, assumed charge as the first chief financial officer (CFO) of the Reserve Bank on 15 May 2018; she was given the rank of an executive director.<sup id="cite_ref-51" class="reference"><a href="#cite_note-51"><span class="cite-bracket">[</span>50<span class="cite-bracket">]</span></a></sup> </p><p>The bank's current governor is <a href="/wiki/Shaktikanta_Das" title="Shaktikanta Das">Shaktikanta Das</a>.<sup id="cite_ref-shaktikanta_2-1" class="reference"><a href="#cite_note-shaktikanta-2"><span class="cite-bracket">[</span>2<span class="cite-bracket">]</span></a></sup> There are currently four deputy governors Swaminathan J, M. Rajeshwar Rao,<sup id="cite_ref-52" class="reference"><a href="#cite_note-52"><span class="cite-bracket">[</span>51<span class="cite-bracket">]</span></a></sup> <a href="/wiki/Michael_Patra" title="Michael Patra">Michael Patra</a><sup id="cite_ref-:4122_53-0" class="reference"><a href="#cite_note-:4122-53"><span class="cite-bracket">[</span>52<span class="cite-bracket">]</span></a></sup><sup id="cite_ref-54" class="reference"><a href="#cite_note-54"><span class="cite-bracket">[</span>53<span class="cite-bracket">]</span></a></sup><sup id="cite_ref-55" class="reference"><a href="#cite_note-55"><span class="cite-bracket">[</span>54<span class="cite-bracket">]</span></a></sup> and T. Rabi Shankar.<sup id="cite_ref-56" class="reference"><a href="#cite_note-56"><span class="cite-bracket">[</span>55<span class="cite-bracket">]</span></a></sup> </p> <table class="wikitable"> <caption>Organizational Structure RBI </caption> <tbody><tr> <th>Level </th> <th>Who </th> <th>Headcount </th> <th>Incumbent </th></tr> <tr> <td>1 </td> <td>Central Board of Directors<sup id="cite_ref-57" class="reference"><a href="#cite_note-57"><span class="cite-bracket">[</span>56<span class="cite-bracket">]</span></a></sup> </td> <td>Multiple </td> <td> <table class="wikitable"> <tbody><tr> <td><a href="/wiki/Shaktikanta_Das" title="Shaktikanta Das">Shaktikanta Das</a> </td></tr> <tr> <td>T Rabi Shankar </td></tr> <tr> <td>Swaminathan J </td></tr> <tr> <td><a href="/wiki/Michael_Patra" title="Michael Patra">Michael Patra</a> </td></tr> <tr> <td>M. Rajeshwar Rao </td></tr> <tr> <td><a href="/wiki/Dilip_Shanghvi" title="Dilip Shanghvi">Dilip Shanghvi</a> </td></tr> <tr> <td>Revathy Iyer </td></tr> <tr> <td>Sachin Chaturvedi </td></tr> <tr> <td><a href="/wiki/Natarajan_Chandrasekaran" title="Natarajan Chandrasekaran">Natarajan Chandrasekaran</a> </td></tr> <tr> <td>Satish Kashinath Marathe </td></tr> <tr> <td><a href="/wiki/Swaminathan_Gurumurthy" title="Swaminathan Gurumurthy">Swaminathan Gurumurthy</a> </td></tr> <tr> <td>Debasish Panda </td></tr> <tr> <td>Tarun Bajaj </td></tr></tbody></table> </td></tr> <tr> <td>2 </td> <td>Governor </td> <td>1 </td> <td><a href="/wiki/Shaktikanta_Das" title="Shaktikanta Das">Shaktikanta Das</a> </td></tr> <tr> <td>3 </td> <td>Deputy Governors </td> <td>4 </td> <td>T Rabi Shankar, Swaminathan J, MD Patra and MR Rao. </td></tr> <tr> <td>4 </td> <td>Executive Directors </td> <td>Multiple </td> <td> </td></tr> <tr> <td>5 </td> <td>Principal Chief General Managers </td> <td>Multiple </td> <td> </td></tr> <tr> <td>6 </td> <td>Chief General Managers </td> <td>Multiple </td> <td> </td></tr> <tr> <td>7 </td> <td>General Managers </td> <td>Multiple </td> <td> </td></tr> <tr> <td>8 </td> <td>Deputy General Managers </td> <td>Multiple </td> <td> </td></tr> <tr> <td>9 </td> <td>Assistant General Managers </td> <td>Multiple </td> <td> </td></tr> <tr> <td>10 </td> <td>Managers </td> <td>Multiple </td> <td> </td></tr> <tr> <td>11 </td> <td>Assistant Managers </td> <td>Multiple </td> <td><a href="/wiki/KL_Rahul" title="KL Rahul">KL Rahul</a> </td></tr> <tr> <td>12 </td> <td>Support Staff </td> <td>Multiple </td> <td> </td></tr></tbody></table> <div class="mw-heading mw-heading2"><h2 id="Branches_and_support_bodies">Branches and support bodies</h2><span class="mw-editsection"><span class="mw-editsection-bracket">[</span><a href="/w/index.php?title=Reserve_Bank_of_India&action=edit&section=12" title="Edit section: Branches and support bodies"><span>edit</span></a><span class="mw-editsection-bracket">]</span></span></div> <figure class="mw-default-size" typeof="mw:File/Thumb"><a href="/wiki/File:RBI-Tower.jpg" class="mw-file-description"><img src="//upload.wikimedia.org/wikipedia/commons/thumb/e/e6/RBI-Tower.jpg/220px-RBI-Tower.jpg" decoding="async" width="220" height="297" class="mw-file-element" srcset="//upload.wikimedia.org/wikipedia/commons/thumb/e/e6/RBI-Tower.jpg/330px-RBI-Tower.jpg 1.5x, //upload.wikimedia.org/wikipedia/commons/thumb/e/e6/RBI-Tower.jpg/440px-RBI-Tower.jpg 2x" data-file-width="506" data-file-height="683" /></a><figcaption>Reserve Bank of India headquarters, Mumbai<sup id="cite_ref-58" class="reference"><a href="#cite_note-58"><span class="cite-bracket">[</span>57<span class="cite-bracket">]</span></a></sup></figcaption></figure> <figure class="mw-halign-left" typeof="mw:File/Thumb"><a href="/wiki/File:View_of_RBI_Chennai_from_suburban_train.jpg" class="mw-file-description"><img src="//upload.wikimedia.org/wikipedia/commons/thumb/2/27/View_of_RBI_Chennai_from_suburban_train.jpg/210px-View_of_RBI_Chennai_from_suburban_train.jpg" decoding="async" width="210" height="158" class="mw-file-element" srcset="//upload.wikimedia.org/wikipedia/commons/thumb/2/27/View_of_RBI_Chennai_from_suburban_train.jpg/315px-View_of_RBI_Chennai_from_suburban_train.jpg 1.5x, //upload.wikimedia.org/wikipedia/commons/thumb/2/27/View_of_RBI_Chennai_from_suburban_train.jpg/420px-View_of_RBI_Chennai_from_suburban_train.jpg 2x" data-file-width="4608" data-file-height="3456" /></a><figcaption>Reserve Bank of India regional building, seen from <a href="/wiki/Chennai_suburban_railway" class="mw-redirect" title="Chennai suburban railway">Chennai suburban railway</a> lines</figcaption></figure> <p>The RBI has four regional representations: North in New Delhi, South in Chennai, East in Kolkata and West in Mumbai. The representations are formed by five members, appointed for four years by the central government and with the advice of the central board of directors serve as a forum for regional banks and to deal with delegated tasks from the Central Board.<sup id="cite_ref-59" class="reference"><a href="#cite_note-59"><span class="cite-bracket">[</span>58<span class="cite-bracket">]</span></a></sup> </p><p>RBI has 31 branches in India. Mostly all are in Capital cities, exceptions are the <a href="/wiki/Nagpur" title="Nagpur">Nagpur</a> Reserve Bank branch which is actually a Second capital of Maharashtra and the <a href="/wiki/Ahmedabad" title="Ahmedabad">Ahmedabad</a> Reserve Bank branch. Nagpur Reserve Bank was established in 1956, while the Ahmedabad branch was established in 1950. </p><p>It has 3 training colleges for its officers, viz. Reserve Bank Staff College <a href="/wiki/Chennai" title="Chennai">Chennai</a>, Reserve Bank of India Academy <a href="/wiki/Mumbai" title="Mumbai">Mumbai</a>, and Reserve Bank of India College of Agricultural Banking <a href="/wiki/Pune" title="Pune">Pune</a>. There are three autonomous institutions run by RBI namely <a href="/wiki/National_Institute_of_Bank_Management" title="National Institute of Bank Management">National Institute of Bank Management</a> (NIBM), <a href="/wiki/Indira_Gandhi_Institute_of_Development_Research" title="Indira Gandhi Institute of Development Research">Indira Gandhi Institute of Development Research</a> (IGIDR), <a href="/wiki/Institute_for_Development_and_Research_in_Banking_Technology" title="Institute for Development and Research in Banking Technology">Institute for Development and Research in Banking Technology</a> (IDRBT).<sup id="cite_ref-60" class="reference"><a href="#cite_note-60"><span class="cite-bracket">[</span>59<span class="cite-bracket">]</span></a></sup> There are also four zonal training centres at Mumbai, Chennai, Kolkata, and New Delhi. </p><p>The Board of Financial Supervision (BFS), formed in November 1994, serves as a CCBD committee to control the financial institutions. It has four members, appointed for two years, and takes measures to strength the role of statutory auditors in the financial sector, external monitoring, and internal controlling systems. The <a href="/wiki/Committee_on_Capital_Account_Convertibility" class="mw-redirect" title="Committee on Capital Account Convertibility">Tarapore committee</a> was set up by the Reserve Bank of India under the chairmanship of former RBI deputy governor S. S. Tarapore to "lay the road map" to <a href="/wiki/Capital_account_convertibility" title="Capital account convertibility">capital account convertibility</a>. The five-member committee recommended a three-year time frame for complete convertibility by 1999–2000. </p><p>On 8 December 2017, Surekha Marandi, executive director (ED) of Reserve Bank of India, said RBI will open an office in the north-eastern state of Arunachal Pradesh.<sup id="cite_ref-61" class="reference"><a href="#cite_note-61"><span class="cite-bracket">[</span>60<span class="cite-bracket">]</span></a></sup> </p> <div class="mw-heading mw-heading2"><h2 id="Subsidiaries">Subsidiaries</h2><span class="mw-editsection"><span class="mw-editsection-bracket">[</span><a href="/w/index.php?title=Reserve_Bank_of_India&action=edit&section=13" title="Edit section: Subsidiaries"><span>edit</span></a><span class="mw-editsection-bracket">]</span></span></div> <div class="mw-heading mw-heading3"><h3 id="Bharatiya_Reserve_Bank_Note_Mudran">Bharatiya Reserve Bank Note Mudran</h3><span class="mw-editsection"><span class="mw-editsection-bracket">[</span><a href="/w/index.php?title=Reserve_Bank_of_India&action=edit&section=14" title="Edit section: Bharatiya Reserve Bank Note Mudran"><span>edit</span></a><span class="mw-editsection-bracket">]</span></span></div> <p><a href="/wiki/Bharatiya_Reserve_Bank_Note_Mudran" title="Bharatiya Reserve Bank Note Mudran">BRBNM</a> was established by RBI on 3 February 1995 to enable RBI to bridge the gap between maintain, demand and supply of <a href="/wiki/Indian_rupee" title="Indian rupee">Indian rupee</a> notes in the country. </p> <div class="mw-heading mw-heading3"><h3 id="Deposit_Insurance_and_Credit_Guarantee_Corporation">Deposit Insurance and Credit Guarantee Corporation</h3><span class="mw-editsection"><span class="mw-editsection-bracket">[</span><a href="/w/index.php?title=Reserve_Bank_of_India&action=edit&section=15" title="Edit section: Deposit Insurance and Credit Guarantee Corporation"><span>edit</span></a><span class="mw-editsection-bracket">]</span></span></div> <p><a href="/wiki/Deposit_Insurance_and_Credit_Guarantee_Corporation" title="Deposit Insurance and Credit Guarantee Corporation">Deposit Insurance and Credit Guarantee Corporation</a> was established by RBI for the purpose of providing insurance of deposits and guaranteeing of credit facilities to all <a href="/wiki/Banking_in_India" title="Banking in India">Indian banks</a>. </p> <div class="mw-heading mw-heading3"><h3 id="Reserve_Bank_of_India_Information_Technology">Reserve Bank of India Information Technology</h3><span class="mw-editsection"><span class="mw-editsection-bracket">[</span><a href="/w/index.php?title=Reserve_Bank_of_India&action=edit&section=16" title="Edit section: Reserve Bank of India Information Technology"><span>edit</span></a><span class="mw-editsection-bracket">]</span></span></div> <p>It has been set up by RBI to serve its <a href="/wiki/Information_technology" title="Information technology">information technology</a> and <a href="/wiki/Cybersecurity" class="mw-redirect" title="Cybersecurity">cybersecurity</a> needs and to improve the cyber resilience of the <a href="/wiki/Banking_in_India" title="Banking in India">Indian banking industry</a>. </p> <div class="mw-heading mw-heading3"><h3 id="Indian_Financial_Technology_and_Allied_Services">Indian Financial Technology and Allied Services</h3><span class="mw-editsection"><span class="mw-editsection-bracket">[</span><a href="/w/index.php?title=Reserve_Bank_of_India&action=edit&section=17" title="Edit section: Indian Financial Technology and Allied Services"><span>edit</span></a><span class="mw-editsection-bracket">]</span></span></div> <p>Indian Financial Technology and Allied Services<sup id="cite_ref-62" class="reference"><a href="#cite_note-62"><span class="cite-bracket">[</span>61<span class="cite-bracket">]</span></a></sup> was established by RBI in February 2015, mandated to design, deploy and support IT-related services to all Banks and Financial Institutions in the country and also to the Reserve Bank of India. It manages and operates the Financial messaging platform (SFMS) that comprises Real-Time Gross Settlement and National Electronic Funds Transfer. INFINET is also managed by IFTAS. IFTAS has taken over the <b>I</b>ndian <b>FI</b>nancial <b>NET</b>work (INFINET),<sup id="cite_ref-63" class="reference"><a href="#cite_note-63"><span class="cite-bracket">[</span>62<span class="cite-bracket">]</span></a></sup> Structured Financial Messaging System (SFMS) and the Indian Banking Community Cloud (IBCC) from the IDRBT, effective 1 April 2016. </p> <div class="mw-heading mw-heading3"><h3 id="Reserve_Bank_of_India_Innovation_Hub">Reserve Bank of India Innovation Hub</h3><span class="mw-editsection"><span class="mw-editsection-bracket">[</span><a href="/w/index.php?title=Reserve_Bank_of_India&action=edit&section=18" title="Edit section: Reserve Bank of India Innovation Hub"><span>edit</span></a><span class="mw-editsection-bracket">]</span></span></div> <p><a href="/wiki/Shaktikanta_Das" title="Shaktikanta Das">Shaktikanta Das</a> inaugurated the Reserve Bank Innovation Hub (RBIH) on 24 March 2022 in Bengaluru as <a href="/wiki/Non-profit_laws_of_India#Section-8_Company" title="Non-profit laws of India">Section-8 company</a> under <a href="/wiki/Companies_Act_2013" title="Companies Act 2013">Companies Act, 2013</a>, with an initial investment of ₹100 crore to encourage and nurture financial innovation sustainably through an institutional set-up. RBIH meant to create an ecosystem that focuses on promoting access to financial services and products for the low-income groups in India. It will also help bring world class innovation to the financial sector. RBIH is to help in convergence among various stakeholders from <a href="/wiki/BFSI" title="BFSI">BFSI</a> sector, start-up ecosystem, regulators and academia in the financial innovation space.<sup id="cite_ref-64" class="reference"><a href="#cite_note-64"><span class="cite-bracket">[</span>63<span class="cite-bracket">]</span></a></sup><sup id="cite_ref-65" class="reference"><a href="#cite_note-65"><span class="cite-bracket">[</span>64<span class="cite-bracket">]</span></a></sup> RBIH is working on the blueprint of <a href="/wiki/Digital_Rupee" class="mw-redirect" title="Digital Rupee">Digital Rupee</a>.<sup id="cite_ref-66" class="reference"><a href="#cite_note-66"><span class="cite-bracket">[</span>65<span class="cite-bracket">]</span></a></sup> </p> <div class="mw-heading mw-heading2"><h2 id="Functions">Functions</h2><span class="mw-editsection"><span class="mw-editsection-bracket">[</span><a href="/w/index.php?title=Reserve_Bank_of_India&action=edit&section=19" title="Edit section: Functions"><span>edit</span></a><span class="mw-editsection-bracket">]</span></span></div> <figure class="mw-default-size" typeof="mw:File/Thumb"><a href="/wiki/File:Reserve_bank_of_India_Headquarters.jpg" class="mw-file-description"><img src="//upload.wikimedia.org/wikipedia/commons/thumb/0/00/Reserve_bank_of_India_Headquarters.jpg/220px-Reserve_bank_of_India_Headquarters.jpg" decoding="async" width="220" height="182" class="mw-file-element" srcset="//upload.wikimedia.org/wikipedia/commons/thumb/0/00/Reserve_bank_of_India_Headquarters.jpg/330px-Reserve_bank_of_India_Headquarters.jpg 1.5x, //upload.wikimedia.org/wikipedia/commons/thumb/0/00/Reserve_bank_of_India_Headquarters.jpg/440px-Reserve_bank_of_India_Headquarters.jpg 2x" data-file-width="1024" data-file-height="847" /></a><figcaption>Reserve Bank of India regional office, Delhi entrance with the <a href="/wiki/Yakshini" title="Yakshini">Yakshini</a> sculpture depicting "Prosperity through agriculture"<sup id="cite_ref-67" class="reference"><a href="#cite_note-67"><span class="cite-bracket">[</span>66<span class="cite-bracket">]</span></a></sup></figcaption></figure> <figure class="mw-default-size" typeof="mw:File/Thumb"><a href="/wiki/File:General_Post_Office_and_Reserve_Bank_of_India,_Kolkata,_India.jpg" class="mw-file-description"><img src="//upload.wikimedia.org/wikipedia/commons/thumb/f/f6/General_Post_Office_and_Reserve_Bank_of_India%2C_Kolkata%2C_India.jpg/220px-General_Post_Office_and_Reserve_Bank_of_India%2C_Kolkata%2C_India.jpg" decoding="async" width="220" height="147" class="mw-file-element" srcset="//upload.wikimedia.org/wikipedia/commons/thumb/f/f6/General_Post_Office_and_Reserve_Bank_of_India%2C_Kolkata%2C_India.jpg/330px-General_Post_Office_and_Reserve_Bank_of_India%2C_Kolkata%2C_India.jpg 1.5x, //upload.wikimedia.org/wikipedia/commons/thumb/f/f6/General_Post_Office_and_Reserve_Bank_of_India%2C_Kolkata%2C_India.jpg/440px-General_Post_Office_and_Reserve_Bank_of_India%2C_Kolkata%2C_India.jpg 2x" data-file-width="4032" data-file-height="2688" /></a><figcaption>The regional office of RBI (right) in front of <a href="/wiki/General_Post_Office,_Kolkata" title="General Post Office, Kolkata">GPO</a> (left) at <a href="/wiki/B._B._D._Bagh" title="B. B. D. Bagh">Dalhousie Square</a>, <a href="/wiki/Kolkata" title="Kolkata">Kolkata</a></figcaption></figure><p> The central bank of any country executes many functions such as overseeing monetary policy, issuing currency, managing foreign exchange, working as a bank for government and as a banker of scheduled commercial banks. It also works for overall economic growth of the country. The purposes for which the RBI has been established as India’s central bank has been spelt out in the preamble to the RBI Act: <sup id="cite_ref-68" class="reference"><a href="#cite_note-68"><span class="cite-bracket">[</span>67<span class="cite-bracket">]</span></a></sup></p><blockquote><p><i>i) "to regulate the issue of banknotes and the keeping of reserves with a view to securing monetary stability in India and generally to operate the currency and credit system of the country to its advantage; and</i><br /><br /> <i>(ii) that it is essential to have a modern monetary policy framework to meet the challenge of an increasingly complex economy and the primary objective of the monetary policy is to maintain price stability while keeping in mind the objective of growth" ...to regulate the issue of Bank Notes and keeping of reserves with a view to securing monetary stability in India and generally to operate the currency and credit system of the country to its advantage.</i></p></blockquote> <div class="mw-heading mw-heading3"><h3 id="Financial_supervision">Financial supervision</h3><span class="mw-editsection"><span class="mw-editsection-bracket">[</span><a href="/w/index.php?title=Reserve_Bank_of_India&action=edit&section=20" title="Edit section: Financial supervision"><span>edit</span></a><span class="mw-editsection-bracket">]</span></span></div> <p>The primary objective of RBI is to undertake consolidated supervision of the financial sector comprising commercial banks, financial institutions, and non-banking finance companies. </p><p>The board is constituted by co-opting four directors from the Central Board as members for a term of two years and is chaired by the governor. The deputy governors of the reserve bank are ex-officio members. One deputy governor, usually the deputy governor in charge of banking regulation and supervision, is nominated as the vice-chairman of the board. The board is required to meet normally once every month. It considers inspection reports and other supervisory issues placed before it by the supervisory departments. </p><p>Board for Financial Supervision (BFS) through the Audit Sub-Committee also aims at upgrading the quality of the statutory audit and internal audit functions in banks and financial institutions. The audit sub-committee includes deputy governor as the chairman and two directors of the Central Board as members. The BFS oversees the functioning of the Department of Banking Supervision (DBS), the Department of Non-Banking Supervision (DNBS) and the Financial Institutions Division (FID) and gives directions on the regulatory and supervisory issues. </p> <div class="mw-heading mw-heading3"><h3 id="Regulator_and_supervisor_of_the_financial_system">Regulator and supervisor of the financial system</h3><span class="mw-editsection"><span class="mw-editsection-bracket">[</span><a href="/w/index.php?title=Reserve_Bank_of_India&action=edit&section=21" title="Edit section: Regulator and supervisor of the financial system"><span>edit</span></a><span class="mw-editsection-bracket">]</span></span></div> <style data-mw-deduplicate="TemplateStyles:r1129693374">.mw-parser-output .hlist dl,.mw-parser-output .hlist ol,.mw-parser-output .hlist ul{margin:0;padding:0}.mw-parser-output .hlist dd,.mw-parser-output .hlist dt,.mw-parser-output .hlist li{margin:0;display:inline}.mw-parser-output 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a{color:var(--color-progressive)!important}}@media screen and (prefers-color-scheme:dark){html.skin-theme-clientpref-os .mw-parser-output .sidebar:not(.notheme) .sidebar-list-title,html.skin-theme-clientpref-os .mw-parser-output .sidebar:not(.notheme) .sidebar-title-with-pretitle{background:transparent!important}html.skin-theme-clientpref-os .mw-parser-output .sidebar:not(.notheme) .sidebar-title-with-pretitle a{color:var(--color-progressive)!important}}@media print{body.ns-0 .mw-parser-output .sidebar{display:none!important}}</style><table class="sidebar nomobile nowraplinks" style="border:1px solid #B2BEB5"><tbody><tr><td class="sidebar-pretitle" style="background:#ACE1AF">Categories of</td></tr><tr><th class="sidebar-title-with-pretitle" style="background:#ACE1AF;font-size:200%;font-weight:normal;padding-bottom:0.15em;"><a href="/wiki/Financial_risk" title="Financial risk">Financial risk</a></th></tr><tr><td class="sidebar-image"><span typeof="mw:File"><a href="/wiki/File:Solidus-Constantius_Gallus-thessalonica_RIC_149.jpg" class="mw-file-description"><img src="//upload.wikimedia.org/wikipedia/commons/thumb/6/61/Solidus-Constantius_Gallus-thessalonica_RIC_149.jpg/100px-Solidus-Constantius_Gallus-thessalonica_RIC_149.jpg" decoding="async" width="100" height="49" class="mw-file-element" srcset="//upload.wikimedia.org/wikipedia/commons/thumb/6/61/Solidus-Constantius_Gallus-thessalonica_RIC_149.jpg/150px-Solidus-Constantius_Gallus-thessalonica_RIC_149.jpg 1.5x, //upload.wikimedia.org/wikipedia/commons/thumb/6/61/Solidus-Constantius_Gallus-thessalonica_RIC_149.jpg/200px-Solidus-Constantius_Gallus-thessalonica_RIC_149.jpg 2x" data-file-width="500" data-file-height="244" /></a></span></td></tr><tr><th class="sidebar-heading" style="background:#ACE1AF"> <a href="/wiki/Credit_risk" title="Credit risk">Credit risk</a></th></tr><tr><td class="sidebar-content plainlist"> <ul><li><a href="/wiki/Settlement_risk" title="Settlement risk">Settlement risk</a></li> <li><a href="/wiki/Concentration_risk" title="Concentration risk">Concentration risk</a></li> <li><a href="/wiki/Sovereign_credit_risk" title="Sovereign credit risk">Sovereign risk</a></li> <li><a href="/wiki/Default_(finance)" title="Default (finance)">Default risk</a></li></ul></td> </tr><tr><th class="sidebar-heading" style="background:#ACE1AF"> <a href="/wiki/Market_risk" title="Market risk">Market risk</a></th></tr><tr><td class="sidebar-content plainlist"> <ul><li><a href="/wiki/Interest_rate_risk" title="Interest rate risk">Interest rate risk</a></li> <li><a href="/wiki/Inflation_risk" class="mw-redirect" title="Inflation risk">Inflation risk</a></li> <li><a href="/wiki/Currency_risk" class="mw-redirect" title="Currency risk">Currency risk</a></li> <li><a href="/wiki/Equity_risk" title="Equity risk">Equity risk</a></li> <li><a href="/wiki/Commodity_risk" title="Commodity risk">Commodity risk</a></li> <li><a href="/wiki/Volatility_risk" title="Volatility risk">Volatility risk</a></li> <li><a href="/wiki/Systemic_risk" title="Systemic risk">Systemic risk</a></li></ul></td> </tr><tr><th class="sidebar-heading" style="background:#ACE1AF"> <a href="/wiki/Liquidity_risk" title="Liquidity risk">Liquidity risk</a></th></tr><tr><td class="sidebar-content plainlist"> <ul><li><a href="/wiki/Refinancing_risk" title="Refinancing risk">Refinancing risk</a></li> <li><a href="/wiki/Deposit_risk" title="Deposit risk">Deposit risk</a></li> <li><a href="/wiki/Margining_risk" title="Margining risk">Margining risk</a></li></ul></td> </tr><tr><th class="sidebar-heading" style="background:#ACE1AF"> <a href="/wiki/Investment_risk" class="mw-redirect" title="Investment risk">Investment risk</a></th></tr><tr><td class="sidebar-content plainlist"> <ul><li><a href="/wiki/Model_risk" title="Model risk">Model risk</a></li> <li><a href="/wiki/Execution_risk" class="mw-redirect" title="Execution risk">Execution risk</a></li> <li><a href="/wiki/Valuation_risk" title="Valuation risk">Valuation risk</a></li></ul></td> </tr><tr><th class="sidebar-heading" style="background:#ACE1AF"> <a href="/wiki/Business_risk" class="mw-redirect" title="Business risk">Business risk</a></th></tr><tr><td class="sidebar-content plainlist"> <ul><li><a href="/wiki/Reputational_risk" class="mw-redirect" title="Reputational risk">Reputational risk</a></li> <li><a href="/wiki/Operational_risk" title="Operational risk">Operational risk</a></li> <li><a href="/wiki/Country_risk" title="Country risk">Country risk</a></li> <li><a href="/wiki/Political_risk" title="Political risk">Political risk</a></li> <li><a href="/wiki/Legal_risk" title="Legal risk">Legal risk</a></li> <li><a href="/wiki/Moral_hazard" title="Moral hazard">Moral hazard</a></li></ul></td> </tr><tr><th class="sidebar-heading" style="background:#ACE1AF"> <a href="/wiki/Profit_risk" title="Profit risk">Profit risk</a></th></tr><tr><th class="sidebar-heading" style="background:#ACE1AF"> <a href="/wiki/Non-financial_risk" title="Non-financial risk">Non-financial risk</a></th></tr><tr><td class="sidebar-content plainlist"> <ul><li><a href="/wiki/Stranded_asset" title="Stranded asset">Stranded asset</a></li></ul></td> </tr><tr><td class="sidebar-navbar"><link rel="mw-deduplicated-inline-style" href="mw-data:TemplateStyles:r1129693374"><style data-mw-deduplicate="TemplateStyles:r1239400231">.mw-parser-output .navbar{display:inline;font-size:88%;font-weight:normal}.mw-parser-output .navbar-collapse{float:left;text-align:left}.mw-parser-output .navbar-boxtext{word-spacing:0}.mw-parser-output .navbar ul{display:inline-block;white-space:nowrap;line-height:inherit}.mw-parser-output .navbar-brackets::before{margin-right:-0.125em;content:"[ "}.mw-parser-output .navbar-brackets::after{margin-left:-0.125em;content:" ]"}.mw-parser-output .navbar li{word-spacing:-0.125em}.mw-parser-output .navbar a>span,.mw-parser-output .navbar a>abbr{text-decoration:inherit}.mw-parser-output .navbar-mini abbr{font-variant:small-caps;border-bottom:none;text-decoration:none;cursor:inherit}.mw-parser-output .navbar-ct-full{font-size:114%;margin:0 7em}.mw-parser-output .navbar-ct-mini{font-size:114%;margin:0 4em}html.skin-theme-clientpref-night .mw-parser-output .navbar li a abbr{color:var(--color-base)!important}@media(prefers-color-scheme:dark){html.skin-theme-clientpref-os .mw-parser-output .navbar li a abbr{color:var(--color-base)!important}}@media print{.mw-parser-output .navbar{display:none!important}}</style><div class="navbar plainlinks hlist navbar-mini"><ul><li class="nv-view"><a href="/wiki/Template:Financial_risk_types" title="Template:Financial risk types"><abbr title="View this template">v</abbr></a></li><li class="nv-talk"><a href="/wiki/Template_talk:Financial_risk_types" title="Template talk:Financial risk types"><abbr title="Discuss this template">t</abbr></a></li><li class="nv-edit"><a href="/wiki/Special:EditPage/Template:Financial_risk_types" title="Special:EditPage/Template:Financial risk types"><abbr title="Edit this template">e</abbr></a></li></ul></div></td></tr></tbody></table> <p>As a regulator and supervisor of the Indian banking system it ensures financial stability and public confidence in the banking system. It prescribes broad parameters of banking operations within which the country's banking and financial system functions. Its objectives are to maintain public confidence in the system, protect depositors' interest and provide cost-effective banking services to the public. The Banking Ombudsman Scheme has been formulated by the Reserve Bank of India (RBI) for effective addressing of complaints by bank customers. The RBI controls the monetary supply, monitors economic indicators like the <a href="/wiki/Gross_domestic_product" title="Gross domestic product">gross domestic product</a> and has to decide the design of the rupee banknotes as well as coins.<sup id="cite_ref-RBI1_69-0" class="reference"><a href="#cite_note-RBI1-69"><span class="cite-bracket">[</span>68<span class="cite-bracket">]</span></a></sup> RBI uses methods like on-site inspections, off-site surveillance, scrutiny and periodic meetings to supervise new bank licences, setting capital requirements and regulating interest rates in specific areas. RBI is currently focused on implementing norms. </p> <div class="mw-heading mw-heading3"><h3 id="Regulator_and_supervisor_of_the_payment_and_settlement_systems">Regulator and supervisor of the payment and settlement systems</h3><span class="mw-editsection"><span class="mw-editsection-bracket">[</span><a href="/w/index.php?title=Reserve_Bank_of_India&action=edit&section=22" title="Edit section: Regulator and supervisor of the payment and settlement systems"><span>edit</span></a><span class="mw-editsection-bracket">]</span></span></div> <p>Payment and settlement systems play an important role in improving overall economic efficiency. The Payment and Settlement Systems Act of 2007 (PSS Act)<sup id="cite_ref-70" class="reference"><a href="#cite_note-70"><span class="cite-bracket">[</span>69<span class="cite-bracket">]</span></a></sup> gives the Reserve Bank oversight authority, including regulation and supervision, for the payment and settlement systems in the country. In this role, the RBI focuses on the development and functioning of safe, secure and efficient payment and settlement mechanisms. Two payment systems <a href="/wiki/National_Electronic_Fund_Transfer" class="mw-redirect" title="National Electronic Fund Transfer">National Electronic Fund Transfer</a> (NEFT) and Real-Time Gross Settlement (<a href="/wiki/Real-time_gross_settlement" title="Real-time gross settlement">RTGS</a>) allow individuals, companies and firms to transfer funds from one bank to another. These facilities can only be used for transferring money within the country. </p><p>From 16 December 2019, one can transfer money online using the National Electronic Funds Transfer (NEFT) route 24x7, i.e., any time of the day and any day of the week. The Reserve Bank of India stated earlier in December 2019 that bank customers will be able to transfer funds through NEFT around the clock on all days including weekends and holidays from 16 December.<sup id="cite_ref-71" class="reference"><a href="#cite_note-71"><span class="cite-bracket">[</span>70<span class="cite-bracket">]</span></a></sup> In RTGS, transactions are processed continuously 24x7.<sup id="cite_ref-72" class="reference"><a href="#cite_note-72"><span class="cite-bracket">[</span>71<span class="cite-bracket">]</span></a></sup> </p> <div class="mw-heading mw-heading3"><h3 id="Banker_and_debt_manager_to_government">Banker and debt manager to government</h3><span class="mw-editsection"><span class="mw-editsection-bracket">[</span><a href="/w/index.php?title=Reserve_Bank_of_India&action=edit&section=23" title="Edit section: Banker and debt manager to government"><span>edit</span></a><span class="mw-editsection-bracket">]</span></span></div> <p>Just as individuals need a bank to carry out their financial transactions effectively and efficiently, governments also need a bank to carry out their financial transactions. The RBI serves this purpose for the Government of India (GoI). The RBI is also a banker to the government and performs merchant banking function for the central and the state governments. As a banker to the Government of India, the RBI maintains its accounts, receive payments into and make payments out of these accounts. The RBI also helps the GoI to raise money from the public via issuing bonds and government-approved securities. In September 2019, a decision at RBI directors meet was taken to change the RBI financial accounting year to March–April to align itself with the central government calendar instead of the current June–July year.<sup id="cite_ref-73" class="reference"><a href="#cite_note-73"><span class="cite-bracket">[</span>72<span class="cite-bracket">]</span></a></sup> </p><p>RBI issue taxable bonds for investments. From 1 July 2020, RBI is offering Floating Rate Savings Bonds, 2020 (Taxable) – FRSB 2020 (T). The interest on the bonds is payable semi-annually on 1 January and 1 July every year. The coupon on 1 January 2021 shall be paid at 7.15%. The Interest rate for next half-year will be reset every six months, the first reset being on 1 January 2021. There is no option to pay interest on cumulative basis.<sup id="cite_ref-74" class="reference"><a href="#cite_note-74"><span class="cite-bracket">[</span>73<span class="cite-bracket">]</span></a></sup> </p> <div class="mw-heading mw-heading3"><h3 id="Managing_foreign_exchange">Managing foreign exchange</h3><span class="mw-editsection"><span class="mw-editsection-bracket">[</span><a href="/w/index.php?title=Reserve_Bank_of_India&action=edit&section=24" title="Edit section: Managing foreign exchange"><span>edit</span></a><span class="mw-editsection-bracket">]</span></span></div> <p>The central bank manages to reach different goals of the <i><a href="/wiki/Foreign_Exchange_Management_Act" title="Foreign Exchange Management Act">Foreign Exchange Management Act</a>, 1999</i>. Their objective is to facilitate external trade and payment and promote orderly development and maintenance of foreign exchange market in India. </p><p>With the increasing integration of the Indian economy with the global economy arising from greater trade and capital flows, the <a href="/wiki/Foreign_exchange_market" title="Foreign exchange market">foreign exchange market</a> has evolved as a key segment of the Indian financial market and the RBI has an important role to play in regulating and managing this segment. The RBI manages forex and gold reserves of the nation. </p><p>On a given day, the foreign exchange rate reflects the demand for and supply of foreign exchange arising from trade and capital transactions. The RBI's Financial Markets Department (FMD) participates in the foreign exchange market by undertaking sales/purchases of foreign currency to ease volatility in periods of excess demand for/supply of foreign currency. </p> <div class="mw-heading mw-heading3"><h3 id="Issue_of_currency">Issue of currency</h3><span class="mw-editsection"><span class="mw-editsection-bracket">[</span><a href="/w/index.php?title=Reserve_Bank_of_India&action=edit&section=25" title="Edit section: Issue of currency"><span>edit</span></a><span class="mw-editsection-bracket">]</span></span></div> <p>Other than the Government of India, the Reserve Bank of India is the sole body authorised to issue banknotes in India. </p><p>The bank also destroys banknotes when they are not fit for circulation. All the money issued by the central bank is its monetary liability, i.e., the central bank is obliged to back the currency with assets of equal value, to enhance public confidence in paper currency. The objectives are to issue banknotes and give the public adequate supply of the same, to maintain the currency and credit system of the country to utilise it in its best advantage, and to maintain the reserves. </p><p>The RBI maintains the economic structure of the country so that it can achieve the objective of price stability as well as economic development because both objectives are diverse in themselves. </p><p>For the printing of notes, RBI uses four facilities:<sup id="cite_ref-autogenerated1_75-0" class="reference"><a href="#cite_note-autogenerated1-75"><span class="cite-bracket">[</span>74<span class="cite-bracket">]</span></a></sup> </p> <ul><li>The <a href="/wiki/Security_Printing_and_Minting_Corporation_of_India_Limited" class="mw-redirect" title="Security Printing and Minting Corporation of India Limited">Security Printing and Minting Corporation of India Limited</a> (SPMCIL), a wholly owned company of the Government of India, has printing presses at <a href="/wiki/Nashik" title="Nashik">Nashik</a>, Maharashtra and <a href="/wiki/Dewas" title="Dewas">Dewas</a>, Madhya Pradesh.</li> <li>The <a href="/wiki/Bharatiya_Reserve_Bank_Note_Mudran_Private_Limited" class="mw-redirect" title="Bharatiya Reserve Bank Note Mudran Private Limited">Bharatiya Reserve Bank Note Mudran Private Limited</a> (BRBNMPL), owned by the RBI, has printing facilities in <a href="/wiki/Mysore" title="Mysore">Mysore</a>, Karnataka and <a href="/wiki/Salboni" title="Salboni">Salboni</a>, West Bengal.</li></ul> <p>For the minting of coins, SPMCIL has four mints at <a href="/wiki/Mumbai" title="Mumbai">Mumbai</a>, <a href="/wiki/Noida" title="Noida">Noida</a>, <a href="/wiki/Kolkata" title="Kolkata">Kolkata</a> and <a href="/wiki/Hyderabad" title="Hyderabad">Hyderabad</a> for coin production.<sup id="cite_ref-autogenerated1_75-1" class="reference"><a href="#cite_note-autogenerated1-75"><span class="cite-bracket">[</span>74<span class="cite-bracket">]</span></a></sup> </p><p>Whilst coins are minted by, and <a href="/wiki/Indian_1-rupee_note" title="Indian 1-rupee note"><span style="white-space: nowrap">₹</span>1 notes</a> are issued by the Government of India (GoI), the RBI works as an agent of GoI for the distribution and handling of coins. RBI also works to prevent counterfeiting of currency by regularly upgrading security features of currency. </p><p>The RBI is authorised to issue notes with face values of up to <span style="white-space: nowrap">₹</span>10,000 and coins up to <span style="white-space: nowrap">₹</span>1,000 rupees. </p><p>New <a href="/wiki/Indian_500-rupee_note" title="Indian 500-rupee note"><span style="white-space: nowrap">₹</span>500</a> and <a href="/wiki/Indian_2000-rupee_note" title="Indian 2000-rupee note"><span style="white-space: nowrap">₹</span>2,000</a> notes were issued on 8 November 2016. The old series of <a href="/wiki/Indian_1000-rupee_note" title="Indian 1000-rupee note"><span style="white-space: nowrap">₹</span>1,000</a> and <span style="white-space: nowrap">₹</span>500 notes were banned on 8 November 2016, and are no longer in use. </p><p>Earlier <span style="white-space: nowrap">₹</span>1,000 notes have been discarded by the RBI. </p><p>On 19 May 2023 the Reserve Bank of India announced the discontinuation of the Rs 2,000 denomination banknotes from circulation. </p><p>This decision follows the cessation of its printing in 2018-19 due to the ample availability of other denominations and the note's limited use in transactions. This move aligns with the RBI's "Clean Note Policy," addressing the notes nearing the end of their lifespan and maintaining currency efficiency.<sup id="cite_ref-76" class="reference"><a href="#cite_note-76"><span class="cite-bracket">[</span>75<span class="cite-bracket">]</span></a></sup> </p> <div class="mw-heading mw-heading3"><h3 id="Bankers'_bank"><span id="Bankers.27_bank"></span>Bankers' bank</h3><span class="mw-editsection"><span class="mw-editsection-bracket">[</span><a href="/w/index.php?title=Reserve_Bank_of_India&action=edit&section=26" title="Edit section: Bankers' bank"><span>edit</span></a><span class="mw-editsection-bracket">]</span></span></div> <figure class="mw-default-size" typeof="mw:File/Thumb"><a href="/wiki/File:Nagpur_Reserve_Bank.JPG" class="mw-file-description"><img src="//upload.wikimedia.org/wikipedia/commons/thumb/3/39/Nagpur_Reserve_Bank.JPG/220px-Nagpur_Reserve_Bank.JPG" decoding="async" width="220" height="165" class="mw-file-element" srcset="//upload.wikimedia.org/wikipedia/commons/thumb/3/39/Nagpur_Reserve_Bank.JPG/330px-Nagpur_Reserve_Bank.JPG 1.5x, //upload.wikimedia.org/wikipedia/commons/thumb/3/39/Nagpur_Reserve_Bank.JPG/440px-Nagpur_Reserve_Bank.JPG 2x" data-file-width="3072" data-file-height="2304" /></a><figcaption><a href="/wiki/Nagpur" title="Nagpur">Nagpur</a> branch holds most of India's gold deposits.<sup id="cite_ref-77" class="reference"><a href="#cite_note-77"><span class="cite-bracket">[</span>76<span class="cite-bracket">]</span></a></sup><sup id="cite_ref-78" class="reference"><a href="#cite_note-78"><span class="cite-bracket">[</span>77<span class="cite-bracket">]</span></a></sup><sup id="cite_ref-79" class="reference"><a href="#cite_note-79"><span class="cite-bracket">[</span>78<span class="cite-bracket">]</span></a></sup><sup id="cite_ref-nagpurtoday1_80-0" class="reference"><a href="#cite_note-nagpurtoday1-80"><span class="cite-bracket">[</span>79<span class="cite-bracket">]</span></a></sup></figcaption></figure> <p>Reserve Bank of India also works as a central bank where commercial banks are account holders and can deposit money. RBI maintains banking accounts of all scheduled banks.<sup id="cite_ref-81" class="reference"><a href="#cite_note-81"><span class="cite-bracket">[</span>80<span class="cite-bracket">]</span></a></sup> Commercial banks create credit. It is the duty of the RBI to control the credit through the CRR, repo rate, and open market operations. As the bankers' bank, the RBI facilitates the clearing of cheques between the commercial banks and helps the inter-bank transfer of funds. It can grant financial accommodation to schedule banks. It acts as the lender of the last resort by providing emergency advances to the banks. </p> <div class="mw-heading mw-heading3"><h3 id="Detection_of_fake_currency">Detection of fake currency</h3><span class="mw-editsection"><span class="mw-editsection-bracket">[</span><a href="/w/index.php?title=Reserve_Bank_of_India&action=edit&section=27" title="Edit section: Detection of fake currency"><span>edit</span></a><span class="mw-editsection-bracket">]</span></span></div> <style data-mw-deduplicate="TemplateStyles:r1236090951">.mw-parser-output .hatnote{font-style:italic}.mw-parser-output div.hatnote{padding-left:1.6em;margin-bottom:0.5em}.mw-parser-output .hatnote i{font-style:normal}.mw-parser-output .hatnote+link+.hatnote{margin-top:-0.5em}@media print{body.ns-0 .mw-parser-output .hatnote{display:none!important}}</style><div role="note" class="hatnote navigation-not-searchable">Main article: <a href="/wiki/Fake_Indian_currency_note" title="Fake Indian currency note">Fake Indian currency note</a></div> <p>To curb the <a href="/wiki/Fake_Indian_currency_note" title="Fake Indian currency note">counterfeit money</a> problem in India, RBI has launched a website to raise awareness among masses about fake banknotes in the market. www.paisaboltahai.rbi.org.in provides information about identifying fake currency.<sup id="cite_ref-82" class="reference"><a href="#cite_note-82"><span class="cite-bracket">[</span>81<span class="cite-bracket">]</span></a></sup> </p><p>On 22 January 2014; RBI gave a press release stating that after 31 March 2014, it will completely withdraw from circulation of all banknotes issued prior to 2005. From 1 April 2014, the public will be required to approach banks for exchanging these notes. Banks will provide exchange facility for these notes until further communication. The reserve bank has also clarified that the notes issued before 2005 will continue to be legal tender. This would mean that banks are required to exchange the notes for their customers as well as for non-customers. After 1 July 2014, to exchange more than 15 pieces of '500 and '1000 notes, non-customers must furnish proof of identity and residence as well as show <i>aadhar</i> to the bank branch in order to exchange the notes. </p><p>This move from the reserve bank is expected to unearth black money held in cash. As the new currency notes have added increased security features, they would help in curbing the menace of fake currency.<sup id="cite_ref-83" class="reference"><a href="#cite_note-83"><span class="cite-bracket">[</span>82<span class="cite-bracket">]</span></a></sup> </p> <div class="mw-heading mw-heading3"><h3 id="Developmental_role">Developmental role</h3><span class="mw-editsection"><span class="mw-editsection-bracket">[</span><a href="/w/index.php?title=Reserve_Bank_of_India&action=edit&section=28" title="Edit section: Developmental role"><span>edit</span></a><span class="mw-editsection-bracket">]</span></span></div> <p>The central bank has to perform a wide range of promotional functions to support national objectives and industries.<sup id="cite_ref-autogenerated2004_22-1" class="reference"><a href="#cite_note-autogenerated2004-22"><span class="cite-bracket">[</span>21<span class="cite-bracket">]</span></a></sup> The RBI faces a lot of inter-sectoral and local inflation-related problems. Some of these problems are results of the dominant part of the public sector.<sup id="cite_ref-84" class="reference"><a href="#cite_note-84"><span class="cite-bracket">[</span>83<span class="cite-bracket">]</span></a></sup> </p><p>Key tools in this effort include Priority Sector Lending such as agriculture, micro and small enterprises (MSE), housing and education. RBI work towards strengthening and supporting small local banks and encourage banks to open branches in rural areas to include large section of society in banking net. </p> <div class="mw-heading mw-heading3"><h3 id="Custodian_to_foreign_exchange">Custodian to foreign exchange</h3><span class="mw-editsection"><span class="mw-editsection-bracket">[</span><a href="/w/index.php?title=Reserve_Bank_of_India&action=edit&section=29" title="Edit section: Custodian to foreign exchange"><span>edit</span></a><span class="mw-editsection-bracket">]</span></span></div> <p>The Reserve Bank has custody of the country's reserves of international currency, and this enables the Reserve Bank to deal with crisis connected with adverse balance of payments position. </p> <div class="mw-heading mw-heading3"><h3 id="CSD_for_G-Sec_(government_securities)"><span id="CSD_for_G-Sec_.28government_securities.29"></span>CSD for G-Sec (government securities)</h3><span class="mw-editsection"><span class="mw-editsection-bracket">[</span><a href="/w/index.php?title=Reserve_Bank_of_India&action=edit&section=30" title="Edit section: CSD for G-Sec (government securities)"><span>edit</span></a><span class="mw-editsection-bracket">]</span></span></div> <p>Public Debt Office (PDO) acts as CSD (Central Securities Depository) for G-Sec. </p> <div class="mw-heading mw-heading3"><h3 id="MIFOR_(Mumbai_interbank_forward_offer_rate)"><span id="MIFOR_.28Mumbai_interbank_forward_offer_rate.29"></span>MIFOR (Mumbai interbank forward offer rate)</h3><span class="mw-editsection"><span class="mw-editsection-bracket">[</span><a href="/w/index.php?title=Reserve_Bank_of_India&action=edit&section=31" title="Edit section: MIFOR (Mumbai interbank forward offer rate)"><span>edit</span></a><span class="mw-editsection-bracket">]</span></span></div> <p>With <a href="/wiki/LIBOR" class="mw-redirect" title="LIBOR">LIBOR</a> cessation in 2021, RBI is set to replace <a href="/w/index.php?title=MIFOR&action=edit&redlink=1" class="new" title="MIFOR (page does not exist)">MIFOR</a> with a new benchmark. MIFOR has LIBOR as one of the components and used in <a href="/wiki/Interest_rate_swap" title="Interest rate swap">interest rate swap</a> (IRS) markets. </p> <div class="mw-heading mw-heading2"><h2 id="2016_demonetisation">2016 demonetisation</h2><span class="mw-editsection"><span class="mw-editsection-bracket">[</span><a href="/w/index.php?title=Reserve_Bank_of_India&action=edit&section=32" title="Edit section: 2016 demonetisation"><span>edit</span></a><span class="mw-editsection-bracket">]</span></span></div> <figure class="mw-default-size" typeof="mw:File/Thumb"><a href="/wiki/File:2016_Indian_currency_note_demonetisation.jpg" class="mw-file-description"><img src="//upload.wikimedia.org/wikipedia/commons/thumb/8/8e/2016_Indian_currency_note_demonetisation.jpg/220px-2016_Indian_currency_note_demonetisation.jpg" decoding="async" width="220" height="124" class="mw-file-element" srcset="//upload.wikimedia.org/wikipedia/commons/thumb/8/8e/2016_Indian_currency_note_demonetisation.jpg/330px-2016_Indian_currency_note_demonetisation.jpg 1.5x, //upload.wikimedia.org/wikipedia/commons/thumb/8/8e/2016_Indian_currency_note_demonetisation.jpg/440px-2016_Indian_currency_note_demonetisation.jpg 2x" data-file-width="4096" data-file-height="2304" /></a><figcaption>People gathered at ATM of <a href="/wiki/Axis_Bank" title="Axis Bank">Axis Bank</a> in <a href="/wiki/Mehsana" title="Mehsana">Mehsana</a>, Gujarat to withdraw cash following deposit of demonetised currency notes in bank on 15 November 2016.</figcaption></figure> <link rel="mw-deduplicated-inline-style" href="mw-data:TemplateStyles:r1236090951"><div role="note" class="hatnote navigation-not-searchable">Main article: <a href="/wiki/2016_Indian_banknote_demonetisation" title="2016 Indian banknote demonetisation">2016 Indian banknote demonetisation</a></div> <p>On 8 November 2016, the <a href="/wiki/Government_of_India" title="Government of India">Government of India</a> announced the <a href="/wiki/Legal_tender#Demonetization" title="Legal tender">demonetisation</a> of all <a href="/wiki/Indian_500-rupee_note" title="Indian 500-rupee note"><span style="white-space: nowrap">₹</span> 500</a> and <a href="/wiki/Indian_1000-rupee_note" title="Indian 1000-rupee note"><span style="white-space: nowrap">₹</span> 1,000</a> banknotes of the <a href="/wiki/Mahatma_Gandhi_Series" title="Mahatma Gandhi Series">Mahatma Gandhi Series</a> despite being warned by the Reserve Bank of India (RBI).<sup id="cite_ref-85" class="reference"><a href="#cite_note-85"><span class="cite-bracket">[</span>84<span class="cite-bracket">]</span></a></sup><sup id="cite_ref-withdrawaloflegal2_86-0" class="reference"><a href="#cite_note-withdrawaloflegal2-86"><span class="cite-bracket">[</span>85<span class="cite-bracket">]</span></a></sup> The government claimed that the action would curtail the shadow economy and crack down on the use of illicit and counterfeit cash to fund illegal activity and terrorism.<sup id="cite_ref-India_Today2_87-0" class="reference"><a href="#cite_note-India_Today2-87"><span class="cite-bracket">[</span>86<span class="cite-bracket">]</span></a></sup><sup id="cite_ref-88" class="reference"><a href="#cite_note-88"><span class="cite-bracket">[</span>87<span class="cite-bracket">]</span></a></sup> </p> <figure class="mw-default-size mw-halign-right" typeof="mw:File/Thumb"><a href="/wiki/File:People_gathered_at_SBI_ATM_in_Paravur_near_Kollam_city_in_Kerala_due_to_Indian_currency_demonetisation,_Nov_2016.jpg" class="mw-file-description"><img src="//upload.wikimedia.org/wikipedia/commons/thumb/6/6d/People_gathered_at_SBI_ATM_in_Paravur_near_Kollam_city_in_Kerala_due_to_Indian_currency_demonetisation%2C_Nov_2016.jpg/220px-People_gathered_at_SBI_ATM_in_Paravur_near_Kollam_city_in_Kerala_due_to_Indian_currency_demonetisation%2C_Nov_2016.jpg" decoding="async" width="220" height="165" class="mw-file-element" srcset="//upload.wikimedia.org/wikipedia/commons/thumb/6/6d/People_gathered_at_SBI_ATM_in_Paravur_near_Kollam_city_in_Kerala_due_to_Indian_currency_demonetisation%2C_Nov_2016.jpg/330px-People_gathered_at_SBI_ATM_in_Paravur_near_Kollam_city_in_Kerala_due_to_Indian_currency_demonetisation%2C_Nov_2016.jpg 1.5x, //upload.wikimedia.org/wikipedia/commons/thumb/6/6d/People_gathered_at_SBI_ATM_in_Paravur_near_Kollam_city_in_Kerala_due_to_Indian_currency_demonetisation%2C_Nov_2016.jpg/440px-People_gathered_at_SBI_ATM_in_Paravur_near_Kollam_city_in_Kerala_due_to_Indian_currency_demonetisation%2C_Nov_2016.jpg 2x" data-file-width="4640" data-file-height="3480" /></a><figcaption>Long queue in front of <a href="/wiki/State_Bank_of_India" title="State Bank of India">SBI</a> ATM at <a href="/wiki/Paravur,_Kollam" title="Paravur, Kollam">Paravur</a> near the city of <a href="/wiki/Kollam" title="Kollam">Kollam</a> in <a href="/wiki/Kerala" title="Kerala">Kerala</a>, 19 November 2016</figcaption></figure> <p>The Reserve Bank of India laid down a detailed procedure for the exchange of the demonetised banknotes with new <span style="white-space: nowrap">₹</span> 500 and <a href="/wiki/Indian_2000-rupee_note" title="Indian 2000-rupee note"><span style="white-space: nowrap">₹</span> 2,000</a> banknotes of the <a href="/wiki/Mahatma_Gandhi_New_Series" title="Mahatma Gandhi New Series">Mahatma Gandhi New Series</a> and <a href="/wiki/Indian_100-rupee_note" title="Indian 100-rupee note"><span style="white-space: nowrap">₹</span> 100</a> banknotes of the preceding <a href="/wiki/Mahatma_Gandhi_Series" title="Mahatma Gandhi Series">Mahatma Gandhi Series</a>. The key points were: </p> <ul><li>Citizens had until 30 December 2016 to tender their old banknotes at any office of the RBI or any bank branch and credit the value into their respective bank accounts.</li> <li>Cash withdrawals from bank accounts were restricted to <span class="nowrap"><span style="white-space: nowrap">₹</span>10,000</span> (US$120) per day and <span class="nowrap"><span style="white-space: nowrap">₹</span>20,000</span> (US$240) per week per account from 10 to 13 November 2016. This limit was increased to <span class="nowrap"><span style="white-space: nowrap">₹</span>24,000</span> (US$290) per week from 14 November.<sup id="cite_ref-revisedguidelines_89-0" class="reference"><a href="#cite_note-revisedguidelines-89"><span class="cite-bracket">[</span>88<span class="cite-bracket">]</span></a></sup><sup id="cite_ref-rbirevision_90-0" class="reference"><a href="#cite_note-rbirevision-90"><span class="cite-bracket">[</span>89<span class="cite-bracket">]</span></a></sup></li> <li>For immediate cash needs, the old banknotes could be exchanged for the new ₹500 and ₹2,000 banknotes as well as ₹100 banknotes over the counter of bank branches by filling up a requisition form along with a valid ID proof. It was announced that this facility would be available until 30 December 2016. <ul><li>Initially, the limit was fixed at <span class="nowrap"><span style="white-space: nowrap">₹</span>4,000</span> (US$48) per person from 8 to 13 November 2016.</li> <li>This limit was increased to <span class="nowrap"><span style="white-space: nowrap">₹</span>4,500</span> (US$54) per person from 14 to 17 November 2016.<sup id="cite_ref-revisedguidelines_89-1" class="reference"><a href="#cite_note-revisedguidelines-89"><span class="cite-bracket">[</span>88<span class="cite-bracket">]</span></a></sup><sup id="cite_ref-rbirevision_90-1" class="reference"><a href="#cite_note-rbirevision-90"><span class="cite-bracket">[</span>89<span class="cite-bracket">]</span></a></sup></li> <li>The limit was reduced to <span class="nowrap"><span style="white-space: nowrap">₹</span>2,000</span> (US$24) per person from 18 November 2016.<sup id="cite_ref-:1_91-0" class="reference"><a href="#cite_note-:1-91"><span class="cite-bracket">[</span>90<span class="cite-bracket">]</span></a></sup></li> <li>All exchange of banknotes was abruptly stopped from 25 November 2016.<sup id="cite_ref-92" class="reference"><a href="#cite_note-92"><span class="cite-bracket">[</span>91<span class="cite-bracket">]</span></a></sup></li></ul></li> <li>Initially, all ATMs were dispensing banknotes of only <span style="white-space: nowrap">₹</span> 50 and ₹100 denominations and cash withdrawals from ATMs were restricted to <span class="nowrap"><span style="white-space: nowrap">₹</span>2,000</span> (US$24) per day.<sup id="cite_ref-ATMsnotdispensing_93-0" class="reference"><a href="#cite_note-ATMsnotdispensing-93"><span class="cite-bracket">[</span>92<span class="cite-bracket">]</span></a></sup> From 14 November onwards, ATMs were recalibrated to dispense new ₹500 and ₹2,000 notes and to allow a maximum withdrawal of <span class="nowrap"><span style="white-space: nowrap">₹</span>2,500</span> (US$30) per day, while other ATMs dispensing banknotes of only ₹50 and ₹100 denominations will allow a maximum withdrawal of <span class="nowrap"><span style="white-space: nowrap">₹</span>2,000</span> (US$24) per day.<sup id="cite_ref-revisedguidelines_89-2" class="reference"><a href="#cite_note-revisedguidelines-89"><span class="cite-bracket">[</span>88<span class="cite-bracket">]</span></a></sup><sup id="cite_ref-rbirevision_90-2" class="reference"><a href="#cite_note-rbirevision-90"><span class="cite-bracket">[</span>89<span class="cite-bracket">]</span></a></sup></li></ul> <p>However, exceptions were given to petrol, <a href="/wiki/CNG" class="mw-redirect" title="CNG">CNG</a> and gas stations, government hospitals, <a href="/wiki/Indian_Railways" title="Indian Railways">railway</a> and airline booking counters, state-government recognised dairies and ration stores, and crematoriums to accept the old ₹500 and ₹1,000 banknotes until 11 November 2016, which was later extended to 14 November 2016 and once again to 24 November 2016.<sup id="cite_ref-94" class="reference"><a href="#cite_note-94"><span class="cite-bracket">[</span>93<span class="cite-bracket">]</span></a></sup><sup id="cite_ref-95" class="reference"><a href="#cite_note-95"><span class="cite-bracket">[</span>94<span class="cite-bracket">]</span></a></sup> International airports were also instructed to facilitate an exchange of notes amounting to a total value of <span class="nowrap"><span style="white-space: nowrap">₹</span>5,000</span> (US$60) for foreign tourists and outbound passengers.<sup id="cite_ref-96" class="reference"><a href="#cite_note-96"><span class="cite-bracket">[</span>95<span class="cite-bracket">]</span></a></sup> </p><p>Under the revised guidelines issued on 17 November 2016, families were allowed to withdraw <span class="nowrap"><span style="white-space: nowrap">₹</span>250,000</span> (US$3,000) for wedding expenses from one account provided it was <a href="/wiki/Know_your_customer" title="Know your customer">KYC</a> compliant. The rules were also changed for farmers who are permitted to withdraw <span class="nowrap"><span style="white-space: nowrap">₹</span>25,000</span> (US$300) per week from their accounts against crop loan.<sup id="cite_ref-:1_91-1" class="reference"><a href="#cite_note-:1-91"><span class="cite-bracket">[</span>90<span class="cite-bracket">]</span></a></sup><sup id="cite_ref-97" class="reference"><a href="#cite_note-97"><span class="cite-bracket">[</span>96<span class="cite-bracket">]</span></a></sup> </p> <div class="mw-heading mw-heading3"><h3 id="Cash_crunch_and_demerits">Cash crunch and demerits</h3><span class="mw-editsection"><span class="mw-editsection-bracket">[</span><a href="/w/index.php?title=Reserve_Bank_of_India&action=edit&section=33" title="Edit section: Cash crunch and demerits"><span>edit</span></a><span class="mw-editsection-bracket">]</span></span></div> <figure class="mw-default-size mw-halign-left" typeof="mw:File/Thumb"><a href="/wiki/File:Queue_at_ATM_for_INR_100_Notes_-_Howrah_2016-11-08_1773.JPG" class="mw-file-description"><img src="//upload.wikimedia.org/wikipedia/commons/thumb/d/d6/Queue_at_ATM_for_INR_100_Notes_-_Howrah_2016-11-08_1773.JPG/220px-Queue_at_ATM_for_INR_100_Notes_-_Howrah_2016-11-08_1773.JPG" decoding="async" width="220" height="146" class="mw-file-element" srcset="//upload.wikimedia.org/wikipedia/commons/thumb/d/d6/Queue_at_ATM_for_INR_100_Notes_-_Howrah_2016-11-08_1773.JPG/330px-Queue_at_ATM_for_INR_100_Notes_-_Howrah_2016-11-08_1773.JPG 1.5x, //upload.wikimedia.org/wikipedia/commons/thumb/d/d6/Queue_at_ATM_for_INR_100_Notes_-_Howrah_2016-11-08_1773.JPG/440px-Queue_at_ATM_for_INR_100_Notes_-_Howrah_2016-11-08_1773.JPG 2x" data-file-width="6016" data-file-height="4000" /></a><figcaption>Queue at a <a href="/wiki/Bank_of_Baroda" title="Bank of Baroda">Bank of Baroda</a>'s ATM for <span style="white-space: nowrap">₹</span>100 banknotes in <a href="/wiki/Howrah" title="Howrah">Howrah</a>, on 8 November 2016, 22:23 (IST)</figcaption></figure> <figure class="mw-default-size" typeof="mw:File/Thumb"><a href="/wiki/File:Queue_at_Bank_to_Exchange_INR_500_and_1000_Notes_-_Salt_Lake_City_-_Kolkata_2016-11-10_02103.jpg" class="mw-file-description"><img src="//upload.wikimedia.org/wikipedia/commons/thumb/b/b7/Queue_at_Bank_to_Exchange_INR_500_and_1000_Notes_-_Salt_Lake_City_-_Kolkata_2016-11-10_02103.jpg/220px-Queue_at_Bank_to_Exchange_INR_500_and_1000_Notes_-_Salt_Lake_City_-_Kolkata_2016-11-10_02103.jpg" decoding="async" width="220" height="165" class="mw-file-element" srcset="//upload.wikimedia.org/wikipedia/commons/thumb/b/b7/Queue_at_Bank_to_Exchange_INR_500_and_1000_Notes_-_Salt_Lake_City_-_Kolkata_2016-11-10_02103.jpg/330px-Queue_at_Bank_to_Exchange_INR_500_and_1000_Notes_-_Salt_Lake_City_-_Kolkata_2016-11-10_02103.jpg 1.5x, //upload.wikimedia.org/wikipedia/commons/thumb/b/b7/Queue_at_Bank_to_Exchange_INR_500_and_1000_Notes_-_Salt_Lake_City_-_Kolkata_2016-11-10_02103.jpg/440px-Queue_at_Bank_to_Exchange_INR_500_and_1000_Notes_-_Salt_Lake_City_-_Kolkata_2016-11-10_02103.jpg 2x" data-file-width="2048" data-file-height="1536" /></a><figcaption>People queue outside <a href="/wiki/Axis_Bank" title="Axis Bank">Axis Bank</a> to deposit and exchange old <span style="white-space: nowrap">₹</span>500 and <span style="white-space: nowrap">₹</span>1,000 banknotes in <a href="/wiki/Kolkata" title="Kolkata">Kolkata</a> on 10 November 2016</figcaption></figure> <p>The scarcity of cash due to demonetisation led to chaos, and most people holding old banknotes faced difficulties exchanging them due to endless lines outside banks and ATMs across India, which became a daily routine for millions of people waiting to deposit or exchange the <a href="/wiki/Indian_500-rupee_note" title="Indian 500-rupee note"><span style="white-space: nowrap">₹</span>500</a> and <a href="/wiki/Indian_1000-rupee_note" title="Indian 1000-rupee note"><span style="white-space: nowrap">₹</span>1,000</a> banknotes since 9 November.<sup id="cite_ref-dryatm_98-0" class="reference"><a href="#cite_note-dryatm-98"><span class="cite-bracket">[</span>97<span class="cite-bracket">]</span></a></sup><sup id="cite_ref-IEchaos_99-0" class="reference"><a href="#cite_note-IEchaos-99"><span class="cite-bracket">[</span>98<span class="cite-bracket">]</span></a></sup><sup id="cite_ref-Aljazeera-1_100-0" class="reference"><a href="#cite_note-Aljazeera-1-100"><span class="cite-bracket">[</span>99<span class="cite-bracket">]</span></a></sup> ATMs were running out of cash after a few hours of being functional, and around half the ATMs in the country were non-functional.<sup id="cite_ref-IEchaos_99-1" class="reference"><a href="#cite_note-IEchaos-99"><span class="cite-bracket">[</span>98<span class="cite-bracket">]</span></a></sup> Sporadic violence was reported in <a href="/wiki/New_Delhi" title="New Delhi">New Delhi</a>, but there were no reports of any grievous injury,<sup id="cite_ref-101" class="reference"><a href="#cite_note-101"><span class="cite-bracket">[</span>100<span class="cite-bracket">]</span></a></sup> people attacked bank premises and ATMs,<sup id="cite_ref-102" class="reference"><a href="#cite_note-102"><span class="cite-bracket">[</span>101<span class="cite-bracket">]</span></a></sup><sup id="cite_ref-103" class="reference"><a href="#cite_note-103"><span class="cite-bracket">[</span>102<span class="cite-bracket">]</span></a></sup><sup id="cite_ref-104" class="reference"><a href="#cite_note-104"><span class="cite-bracket">[</span>103<span class="cite-bracket">]</span></a></sup> and a ration shop was looted in <a href="/wiki/Madhya_Pradesh" title="Madhya Pradesh">Madhya Pradesh</a> after the shop owner refused to accept <span style="white-space: nowrap">₹</span>500 banknotes.<sup id="cite_ref-105" class="reference"><a href="#cite_note-105"><span class="cite-bracket">[</span>104<span class="cite-bracket">]</span></a></sup><sup id="cite_ref-106" class="reference"><a href="#cite_note-106"><span class="cite-bracket">[</span>105<span class="cite-bracket">]</span></a></sup><sup id="cite_ref-107" class="reference"><a href="#cite_note-107"><span class="cite-bracket">[</span>106<span class="cite-bracket">]</span></a></sup> </p> <div class="mw-heading mw-heading3"><h3 id="Merits">Merits</h3><span class="mw-editsection"><span class="mw-editsection-bracket">[</span><a href="/w/index.php?title=Reserve_Bank_of_India&action=edit&section=34" title="Edit section: Merits"><span>edit</span></a><span class="mw-editsection-bracket">]</span></span></div> <ul><li>It gave the country a ₹5 trillion advantage as there was a huge spike in country's tax base and addition of 100,000 more pan card holders.<sup id="cite_ref-108" class="reference"><a href="#cite_note-108"><span class="cite-bracket">[</span>107<span class="cite-bracket">]</span></a></sup></li> <li>There was a very big spike in digital transaction even small town and cities people adopted paying digitally for goods and services leading to sustained growth of non-cash payments.<sup id="cite_ref-109" class="reference"><a href="#cite_note-109"><span class="cite-bracket">[</span>108<span class="cite-bracket">]</span></a></sup></li></ul> <div class="mw-heading mw-heading2"><h2 id="Policy_rates_and_reserve_ratios">Policy rates and reserve ratios</h2><span class="mw-editsection"><span class="mw-editsection-bracket">[</span><a href="/w/index.php?title=Reserve_Bank_of_India&action=edit&section=35" title="Edit section: Policy rates and reserve ratios"><span>edit</span></a><span class="mw-editsection-bracket">]</span></span></div> <table class="wikitable" style="text-align:left; float:right;margin:5px"> <caption>Rates as of 23 July 2023<sup id="cite_ref-Reserve_Bank_of_India_110-0" class="reference"><a href="#cite_note-Reserve_Bank_of_India-110"><span class="cite-bracket">[</span>109<span class="cite-bracket">]</span></a></sup> </caption> <tbody><tr> <th colspan="2">Policy rates </th></tr> <tr> <td>Policy repo rate</td> <td>6.50% </td></tr> <tr> <td>Reverse repo rate</td> <td>3.35% </td></tr> <tr> <td>Marginal standing facility rate</td> <td>6.75% </td></tr> <tr> <td>Bank rate</td> <td>6.75% </td></tr> <tr> <th colspan="2">Reserve ratios </th></tr> <tr> <td>Cash reserve ratio (CRR)</td> <td>4.5% </td></tr> <tr> <td>Statutory liquidity ratio (SLR)</td> <td>18.00% </td></tr> <tr> <th colspan="2">Lending and deposit rates<sup id="cite_ref-111" class="reference"><a href="#cite_note-111"><span class="cite-bracket">[</span>110<span class="cite-bracket">]</span></a></sup> </th></tr> <tr> <td>Base rate</td> <td>8.85%–10.10% </td></tr> <tr> <td>Marginal cost of funds-based overnight lending rate (MCLR)</td> <td>7.95%–8.35% </td></tr> <tr> <td>Savings deposit rate</td> <td>2.70%–3.00% </td></tr> <tr> <td>Term deposit rate for > 1 year</td> <td>6.00%–7.25% </td></tr></tbody></table> <div class="mw-heading mw-heading3"><h3 id="Repo_rate">Repo rate</h3><span class="mw-editsection"><span class="mw-editsection-bracket">[</span><a href="/w/index.php?title=Reserve_Bank_of_India&action=edit&section=36" title="Edit section: Repo rate"><span>edit</span></a><span class="mw-editsection-bracket">]</span></span></div> <link rel="mw-deduplicated-inline-style" href="mw-data:TemplateStyles:r1236090951"><div role="note" class="hatnote navigation-not-searchable">Further information: <a href="/wiki/Repurchase_agreement" title="Repurchase agreement">Repurchase agreement</a></div> <p>Repo (repurchase) rate also known as the benchmark interest rate is the rate at which the RBI lends money to the commercial banks for a short-term (a maximum of 90 days). When the repo rate increases, borrowing from RBI becomes more expensive. If RBI wants to make it more expensive for the banks to borrow money, it increases the repo rate similarly, if it wants to make it cheaper for banks to borrow money it reduces the repo rate. If the repo rate is increased, banks can't carry out their business at a profit whereas the very opposite happens when the repo rate is cut down. Generally, repo rates are cut down whenever the country needs to progress in banking and economy. </p><p>If banks want to borrow money (for short term, usually overnight) from RBI then banks have to charge this interest rate. Banks have to pledge government securities as collateral. This kind of deal happens through a re-purchase agreement. If a bank wants to borrow, it has to provide government securities at least worth <span style="white-space: nowrap">₹</span> 1 billion (could be more because of margin requirement which is 5%–10% of loan amount) and agree to repurchase them at <span class="nowrap"><span style="white-space: nowrap">₹</span>1.07 billion</span> (US$13 million) at the end of borrowing period. So the bank has paid <span class="nowrap"><span style="white-space: nowrap">₹</span>65 million</span> (US$780,000) as interest. This is the reason it is called repo rate. </p><p>The government securities which are provided by banks as collateral can not come from <abbr title="statutory liquidity ratio">SLR</abbr> quota (otherwise the SLR will go below 19.5% of <abbr title="net demand and time liabilities">NDTL</abbr> and attract penalties). </p><p>To curb inflation, the RBI increases repo rate which will make borrowing costs for banks. Banks will pass this increased cost to their customers which make borrowing costly in the whole economy. Fewer people will apply for loans and aggregate demand will be reduced. This will result in inflation coming down. The RBI does the opposite to fight deflation. When the RBI reduces the repo rate, banks are not legally required to reduce their own <a href="/wiki/Base_rate" title="Base rate">base rate</a>. </p> <div class="mw-heading mw-heading3"><h3 id="Reverse_repo_rate_(RRR)"><span id="Reverse_repo_rate_.28RRR.29"></span>Reverse repo rate (RRR)</h3><span class="mw-editsection"><span class="mw-editsection-bracket">[</span><a href="/w/index.php?title=Reserve_Bank_of_India&action=edit&section=37" title="Edit section: Reverse repo rate (RRR)"><span>edit</span></a><span class="mw-editsection-bracket">]</span></span></div> <link rel="mw-deduplicated-inline-style" href="mw-data:TemplateStyles:r1236090951"><div role="note" class="hatnote navigation-not-searchable">Further information: <a href="/wiki/Repurchase_agreement#Reverse_repo" title="Repurchase agreement">Repurchase agreement § Reverse repo</a></div> <p>As the name suggest, <a href="/wiki/Reverse_repo" class="mw-redirect" title="Reverse repo">reverse repo</a> rate is just the opposite of repo rate. Reverse repo rate is the short-term borrowing rate in which commercial bank park their surplus in RBI. The reserve bank uses this tool when it feels there is too much money floating in the banking system. An increase in the reverse repo rate means that the banks will get a higher rate of interest from RBI. As a result, banks prefer to lend their money to RBI which is always safe instead of lending it to others (people, companies, etc.) which is always risky. </p><p>Repo rate signifies the rate at which liquidity is injected into the banking system by RBI, whereas reverse repo rate signifies the rate at which the central bank absorbs liquidity from the banks. Currently, reverse repo rate is 3.35%.<sup id="cite_ref-112" class="reference"><a href="#cite_note-112"><span class="cite-bracket">[</span>111<span class="cite-bracket">]</span></a></sup> </p> <div class="mw-heading mw-heading3"><h3 id="Statutory_liquidity_ratio_(SLR)"><span id="Statutory_liquidity_ratio_.28SLR.29"></span>Statutory liquidity ratio (SLR)</h3><span class="mw-editsection"><span class="mw-editsection-bracket">[</span><a href="/w/index.php?title=Reserve_Bank_of_India&action=edit&section=38" title="Edit section: Statutory liquidity ratio (SLR)"><span>edit</span></a><span class="mw-editsection-bracket">]</span></span></div> <link rel="mw-deduplicated-inline-style" href="mw-data:TemplateStyles:r1236090951"><div role="note" class="hatnote navigation-not-searchable">Further information: <a href="/wiki/Reserve_requirement" title="Reserve requirement">Reserve requirement</a></div> <p>Apart from the <abbr title="cash reserve ratio">CRR</abbr>, banks are required to maintain liquid assets in the form of gold, cash and approved securities. Higher liquidity ratio forces commercial banks to maintain a larger proportion of their resources in liquid form and thus reduces their capacity to grant loans and advances, thus it is an anti-inflationary impact. A higher liquidity ratio diverts the bank funds from loans and advances to investment in government and approved securities. </p><p>In well-developed economies, central banks use <a href="/wiki/Open_market_operation" title="Open market operation">open market operations</a>—buying and selling of eligible securities by the central bank in the money market—to influence the volume of cash reserves with commercial banks and thus influence the volume of loans and advances they can make to the commercial and industrial sectors. In the open money market, government securities are traded at market-related rates of interest. The RBI is resorting increasing to open market operations in recent years. Generally, the RBI uses: </p> <ol><li>Minimum margins for lending against specific securities.</li> <li>A ceiling on the amounts of credit for certain purposes.</li> <li>The discriminatory rate of interest charged on certain types of advances.</li></ol> <p>Direct credit controls in India are of three types: </p> <ol><li>Part of the interest rate structure, i.e., on small savings and provident funds, are administratively set.</li> <li>Banks are mandatory required to keep 18% of their NDTL (net demand and time liabilities) in the form of liquid assets.<sup id="cite_ref-Reserve_Bank_of_India_110-1" class="reference"><a href="#cite_note-Reserve_Bank_of_India-110"><span class="cite-bracket">[</span>109<span class="cite-bracket">]</span></a></sup></li> <li>Banks are required to lend to the priority sectors to the extent of 40% of their advances.</li></ol> <p>The share of net demand and time liabilities that banks must maintain in safe and liquid assets, such as government securities, cash, and gold. Here it would be pertinent to mention the gold swap of July 2014.<sup id="cite_ref-113" class="reference"><a href="#cite_note-113"><span class="cite-bracket">[</span>112<span class="cite-bracket">]</span></a></sup><sup id="cite_ref-114" class="reference"><a href="#cite_note-114"><span class="cite-bracket">[</span>113<span class="cite-bracket">]</span></a></sup><sup id="cite_ref-nagpurtoday1_80-1" class="reference"><a href="#cite_note-nagpurtoday1-80"><span class="cite-bracket">[</span>79<span class="cite-bracket">]</span></a></sup> The present SLR is 18.00%. </p> <div class="mw-heading mw-heading3"><h3 id="Bank_rate">Bank rate</h3><span class="mw-editsection"><span class="mw-editsection-bracket">[</span><a href="/w/index.php?title=Reserve_Bank_of_India&action=edit&section=39" title="Edit section: Bank rate"><span>edit</span></a><span class="mw-editsection-bracket">]</span></span></div> <link rel="mw-deduplicated-inline-style" href="mw-data:TemplateStyles:r1236090951"><div role="note" class="hatnote navigation-not-searchable">Further information: <a href="/wiki/Bank_rate" title="Bank rate">Bank rate</a></div> <p>Bank rate is defined in Section 49 of the RBI Act of 1934 as the 'standard rate at which RBI is prepared to buy or rediscount bills of exchange or other commercial papers eligible for purchase'. When banks want to borrow long term funds from the RBI, it is the interest rate which the RBI charges to them. It is currently set to 4.65%.<sup id="cite_ref-Reserve_Bank_of_India_110-2" class="reference"><a href="#cite_note-Reserve_Bank_of_India-110"><span class="cite-bracket">[</span>109<span class="cite-bracket">]</span></a></sup> The bank rate is not used to control money supply, but penal rates continue to be linked to the bank rate. If a bank fails to meet <abbr title="statutory liquidity ratio">SLR</abbr> or <abbr title="cash reserve ratio">CRR</abbr> requirements then the RBI will impose a penalty of 300 <a href="/wiki/Basis_point" title="Basis point">basis points</a> above bank rate. </p> <div class="mw-heading mw-heading3"><h3 id="Liquidity_adjustment_facility_(LAF)"><span id="Liquidity_adjustment_facility_.28LAF.29"></span>Liquidity adjustment facility (LAF)</h3><span class="mw-editsection"><span class="mw-editsection-bracket">[</span><a href="/w/index.php?title=Reserve_Bank_of_India&action=edit&section=40" title="Edit section: Liquidity adjustment facility (LAF)"><span>edit</span></a><span class="mw-editsection-bracket">]</span></span></div> <link rel="mw-deduplicated-inline-style" href="mw-data:TemplateStyles:r1236090951"><div role="note" class="hatnote navigation-not-searchable">Further information: <a href="/wiki/Liquidity_adjustment_facility" title="Liquidity adjustment facility">Liquidity adjustment facility</a></div> <p><a href="/wiki/Liquidity_adjustment_facility" title="Liquidity adjustment facility">Liquidity adjustment facility</a> was introduced in 2000. LAF is a facility provided by the Reserve Bank of India to scheduled commercial banks to avail of liquidity in case of need or to park excess funds with the RBI on an overnight basis against the collateral of government securities. </p><p>RBI accepts applications for a minimum amount of <span class="nowrap"><span style="white-space: nowrap">₹</span>5 <a href="/wiki/Crore" title="Crore">crore</a></span> (US$600,000) and in multiples of <span style="white-space: nowrap">₹</span> 50 million thereafter. </p> <div class="mw-heading mw-heading3"><h3 id="Cash_reserve_ratio_(CRR)"><span id="Cash_reserve_ratio_.28CRR.29"></span>Cash reserve ratio (CRR)</h3><span class="mw-editsection"><span class="mw-editsection-bracket">[</span><a href="/w/index.php?title=Reserve_Bank_of_India&action=edit&section=41" title="Edit section: Cash reserve ratio (CRR)"><span>edit</span></a><span class="mw-editsection-bracket">]</span></span></div> <p>CRR refers to the ratio of bank's cash reserve balances with RBI with reference to the bank's net demand and time liabilities to ensure the liquidity and solvency of the scheduled banks. The share of net demand and time liabilities that banks must maintain as cash with the RBI. The RBI has set CRR at 4.5%<sup id="cite_ref-zeenews.india.com_115-0" class="reference"><a href="#cite_note-zeenews.india.com-115"><span class="cite-bracket">[</span>114<span class="cite-bracket">]</span></a></sup> A 1% change in CRR affects the economy by ₹1.37 trillion.<sup id="cite_ref-zeenews.india.com_115-1" class="reference"><a href="#cite_note-zeenews.india.com-115"><span class="cite-bracket">[</span>114<span class="cite-bracket">]</span></a></sup> An increase draw this amount from the economy, while a decrease injects this amount into the economy. So if a bank has <span class="nowrap"><span style="white-space: nowrap">₹</span>2 billion</span> (US$24 million) of <abbr title="net demand and time liabilities">NDTL</abbr> then it has to keep <span class="nowrap"><span style="white-space: nowrap">₹</span>80 million</span> (US$960,000) in cash with RBI. RBI pays no interest on CRR. </p><p>Let's assume the economy is showing inflationary trends and the RBI wants to control this situation by adjusting <abbr title="statutory liquidity ratio">SLR</abbr> and CRR. If the RBI increases SLR to 50% and CRR to 20% then bank will be left only with <span class="nowrap"><span style="white-space: nowrap">₹</span>600 million</span> (US$7.2 million) for operations. Now it will be very difficult for the bank to maintain profitability with such a small amount of capital. The bank will be left with no choice but to raise its interest rate which will make borrowing by its customers more costly. This will in turn reduce the overall demand and hence prices will eventually come down. </p> <div class="mw-heading mw-heading3"><h3 id="Open_market_operation_(OMO)"><span id="Open_market_operation_.28OMO.29"></span>Open market operation (OMO)</h3><span class="mw-editsection"><span class="mw-editsection-bracket">[</span><a href="/w/index.php?title=Reserve_Bank_of_India&action=edit&section=42" title="Edit section: Open market operation (OMO)"><span>edit</span></a><span class="mw-editsection-bracket">]</span></span></div> <link rel="mw-deduplicated-inline-style" href="mw-data:TemplateStyles:r1236090951"><div role="note" class="hatnote navigation-not-searchable">Further information: <a href="/wiki/Open_market_operation" title="Open market operation">Open market operation</a></div> <p>Open market operation is the activity of buying and selling of government securities in open market to control the supply of money in banking system. When there is excess supply of money, central bank sells government securities thereby sucking out excess liquidity. Similarly, when liquidity is tight, RBI will buy government securities and thereby inject money supply into the economy. </p><p>On 23 March 2020, Reserve Bank of India infused ₹1 trillion (<a href="/wiki/Long_and_short_scales" title="Long and short scales">short scale</a>) through term repo auction, a massive <a href="/wiki/Open_market_operation" title="Open market operation">OMOs (open market operations)</a> purchase of government securities. The Reserve Bank is monitoring the financial market conditions and liquidity situation in the economy as <a href="/wiki/COVID-19_pandemic_in_India" title="COVID-19 pandemic in India">COVID-19 pandemic in India</a> fears of a recession.<sup id="cite_ref-116" class="reference"><a href="#cite_note-116"><span class="cite-bracket">[</span>115<span class="cite-bracket">]</span></a></sup> </p> <div class="mw-heading mw-heading3"><h3 id="Marginal_standing_facility_(MSF)"><span id="Marginal_standing_facility_.28MSF.29"></span>Marginal standing facility (MSF)</h3><span class="mw-editsection"><span class="mw-editsection-bracket">[</span><a href="/w/index.php?title=Reserve_Bank_of_India&action=edit&section=43" title="Edit section: Marginal standing facility (MSF)"><span>edit</span></a><span class="mw-editsection-bracket">]</span></span></div> <p>This scheme was introduced in May 2011 and all the scheduled commercial bank can participate in this scheme. Banks can borrow up to 2.5%<sup id="cite_ref-117" class="reference"><a href="#cite_note-117"><span class="cite-bracket">[</span>116<span class="cite-bracket">]</span></a></sup> per cent of their respective net demand and time liabilities. The RBI receives application under this facility for a minimum amount of <span style="white-space: nowrap">₹</span> 10 million and in multiples of <span style="white-space: nowrap">₹</span> 10 million thereafter. </p><p>The important difference from repo rate is that bank can pledge government securities from its SLR quota (up to one per cent). So even if SLR goes below 20.5%<sup id="cite_ref-118" class="reference"><a href="#cite_note-118"><span class="cite-bracket">[</span>117<span class="cite-bracket">]</span></a></sup> by pledging SLR quota securities under MSF, the bank will not have to pay any penalty. The marginal standing facility rate currently stands at 4.25%.<sup id="cite_ref-Reserve_Bank_of_India_110-3" class="reference"><a href="#cite_note-Reserve_Bank_of_India-110"><span class="cite-bracket">[</span>109<span class="cite-bracket">]</span></a></sup> </p> <div class="mw-heading mw-heading2"><h2 id="Qualitative_tools">Qualitative tools</h2><span class="mw-editsection"><span class="mw-editsection-bracket">[</span><a href="/w/index.php?title=Reserve_Bank_of_India&action=edit&section=44" title="Edit section: Qualitative tools"><span>edit</span></a><span class="mw-editsection-bracket">]</span></span></div> <div class="mw-heading mw-heading3"><h3 id="Margin_requirements">Margin requirements</h3><span class="mw-editsection"><span class="mw-editsection-bracket">[</span><a href="/w/index.php?title=Reserve_Bank_of_India&action=edit&section=45" title="Edit section: Margin requirements"><span>edit</span></a><span class="mw-editsection-bracket">]</span></span></div> <link rel="mw-deduplicated-inline-style" href="mw-data:TemplateStyles:r1236090951"><div role="note" class="hatnote navigation-not-searchable">Further information: <a href="/wiki/Loan-to-value_ratio" title="Loan-to-value ratio">Loan-to-value ratio</a></div> <p>Loan-to-value (LTV) is the ratio of loan amount to the actual value of asset purchased. </p><p>The RBI regulates this ratio so as to control the amount a bank can lend to its customers. For example, an individual wants to buy a car using borrowed money and the car's value is ₹1 million. If the LTV is set to 70% he can borrow a maximum of ₹700,000. </p><p>The RBI can decrease or increase to curb inflation or deflation respectively. </p> <div class="mw-heading mw-heading3"><h3 id="Selective_credit_control">Selective credit control</h3><span class="mw-editsection"><span class="mw-editsection-bracket">[</span><a href="/w/index.php?title=Reserve_Bank_of_India&action=edit&section=46" title="Edit section: Selective credit control"><span>edit</span></a><span class="mw-editsection-bracket">]</span></span></div> <p>Under this measure, the RBI can specifically instruct banks not to give loans to traders of certain commodities e.g. sugar, edible oil, etc. This prevents the speculation/hoarding of commodities using money from banks.<sup class="noprint Inline-Template Template-Fact" style="white-space:nowrap;">[<i><a href="/wiki/Wikipedia:Citation_needed" title="Wikipedia:Citation needed"><span title="This claim needs references to reliable sources. (August 2020)">citation needed</span></a></i>]</sup> </p> <div class="mw-heading mw-heading3"><h3 id="Moral_suasion">Moral suasion</h3><span class="mw-editsection"><span class="mw-editsection-bracket">[</span><a href="/w/index.php?title=Reserve_Bank_of_India&action=edit&section=47" title="Edit section: Moral suasion"><span>edit</span></a><span class="mw-editsection-bracket">]</span></span></div> <link rel="mw-deduplicated-inline-style" href="mw-data:TemplateStyles:r1236090951"><div role="note" class="hatnote navigation-not-searchable">Further information: <a href="/wiki/Moral_suasion" title="Moral suasion">Moral suasion</a></div> <p>Under this measure, the RBI try to persuade banks through meetings, conferences, media specific things under certain economic trends. For example, when the RBI reduces repo rate, it asks banks to reduce their base rate as well. Another example of this measure is to ask banks to reduce their <a href="/wiki/Non-performing_loan" title="Non-performing loan">non-performing assets</a>. </p> <div class="mw-heading mw-heading2"><h2 id="Limitations_of_monetary_policy">Limitations of monetary policy</h2><span class="mw-editsection"><span class="mw-editsection-bracket">[</span><a href="/w/index.php?title=Reserve_Bank_of_India&action=edit&section=48" title="Edit section: Limitations of monetary policy"><span>edit</span></a><span class="mw-editsection-bracket">]</span></span></div> <p>In developing countries like India, monetary policy fails to show immediate or no results because the following factors: </p> <ol><li>People do not employ alternative investment options. A large section of society still depends on saving accounts, fixed deposits, Public Provident Fund for investment. Commercial banks have large deposits. RBI is not the main or even prominent money supplier for these banks. So whatever monetary action central bank takes has little or late impact on the economy.</li> <li>Many people in rural areas are out of the banking net and whatever the RBI does, has no impact on their financial activities.</li> <li>Monsoon uncertainty adversely affects food production and thereby cause food inflation. Monetary policy has no impact on food inflation.</li></ol> <div class="mw-heading mw-heading2"><h2 id="RTGS_and_NEFT_transactions'_charges_removal"><span id="RTGS_and_NEFT_transactions.27_charges_removal"></span>RTGS and NEFT transactions' charges removal</h2><span class="mw-editsection"><span class="mw-editsection-bracket">[</span><a href="/w/index.php?title=Reserve_Bank_of_India&action=edit&section=49" title="Edit section: RTGS and NEFT transactions' charges removal"><span>edit</span></a><span class="mw-editsection-bracket">]</span></span></div> <p>RBI decided to remove charges on RTGS (Real Time Gross Settlement System) and NEFT (<a href="/wiki/National_Electronic_Funds_Transfer" title="National Electronic Funds Transfer">National Electronic Funds Transfer</a>).<sup id="cite_ref-119" class="reference"><a href="#cite_note-119"><span class="cite-bracket">[</span>118<span class="cite-bracket">]</span></a></sup> </p> <div class="mw-heading mw-heading2"><h2 id="Regulation_of_variable_pay_of_bank_management">Regulation of variable pay of bank management</h2><span class="mw-editsection"><span class="mw-editsection-bracket">[</span><a href="/w/index.php?title=Reserve_Bank_of_India&action=edit&section=50" title="Edit section: Regulation of variable pay of bank management"><span>edit</span></a><span class="mw-editsection-bracket">]</span></span></div> <p>In November, RBI introduced a set of draft guidelines to regulate the variable pay of CEOs and top management at private banks. The new rules are in line with the Sound Compensation Practices issued by the Financial Stability Board in April 2009. The rules will apply to CEOs, wholetime directors, and material risk takers at private banks, small finance banks and domestic executives of foreign banks. As per the new rules at least 50% of the pay should be based on individual, unit, business and firm wide performance evaluation which will be capped at 300% of the fixed pay. In case of variable pay above 200% then at least 50% of this amount should be via non-cash instruments. Share linked instruments are included as part of variable pay. Guaranteed bonus should not be part of the compensation package except in case of joining bonus. The RBI also has put clauses in place to clawback/malus in case of deteriorating performance. The bank shall identify a representative set of conditions when the recovery clause for clawback /malus can be invoked.<sup id="cite_ref-120" class="reference"><a href="#cite_note-120"><span class="cite-bracket">[</span>119<span class="cite-bracket">]</span></a></sup> </p> <div class="mw-heading mw-heading2"><h2 id="Publications">Publications</h2><span class="mw-editsection"><span class="mw-editsection-bracket">[</span><a href="/w/index.php?title=Reserve_Bank_of_India&action=edit&section=51" title="Edit section: Publications"><span>edit</span></a><span class="mw-editsection-bracket">]</span></span></div> <p>A report titled <i>Trend and Progress of Banking in India</i> is published annually, as required by the <i><a href="/wiki/Banking_Regulation_Act,_1949" title="Banking Regulation Act, 1949">Banking Regulation Act, 1949</a></i>. The report sums up trends and developments throughout the financial sector.<sup id="cite_ref-121" class="reference"><a href="#cite_note-121"><span class="cite-bracket">[</span>120<span class="cite-bracket">]</span></a></sup> Starting in April 2014, the Reserve Bank of India publishes bi-monthly policy updates.<sup id="cite_ref-122" class="reference"><a href="#cite_note-122"><span class="cite-bracket">[</span>121<span class="cite-bracket">]</span></a></sup> </p> <div class="mw-heading mw-heading2"><h2 id="Committees_set_up_by_RBI">Committees set up by RBI</h2><span class="mw-editsection"><span class="mw-editsection-bracket">[</span><a href="/w/index.php?title=Reserve_Bank_of_India&action=edit&section=52" title="Edit section: Committees set up by RBI"><span>edit</span></a><span class="mw-editsection-bracket">]</span></span></div> <div class="mw-heading mw-heading3"><h3 id="KV_Kamath_Committee">KV Kamath Committee</h3><span class="mw-editsection"><span class="mw-editsection-bracket">[</span><a href="/w/index.php?title=Reserve_Bank_of_India&action=edit&section=53" title="Edit section: KV Kamath Committee"><span>edit</span></a><span class="mw-editsection-bracket">]</span></span></div> <p>In August 2020, RBI set up a five membered Committee under the chairmanship of <a href="/wiki/KV_Kamath" class="mw-redirect" title="KV Kamath">KV Kamath</a>, the former <a href="/wiki/CEO" class="mw-redirect" title="CEO">CEO</a> of the <a href="/wiki/ICICI" class="mw-redirect" title="ICICI">ICICI</a> bank in order to make recommendations on the norm for resolution of <a href="/wiki/COVID-19" title="COVID-19">COVID-19</a> related stressed loans. In order to restructure the loans up to ₹150 billion, the expert Committee was tasked with coming up with a sector specific plan for successful resolution of the stressed loans. The parameters were to include aspects related to leverage, liquidity and debt serviceability.<sup id="cite_ref-123" class="reference"><a href="#cite_note-123"><span class="cite-bracket">[</span>122<span class="cite-bracket">]</span></a></sup> </p> <div class="mw-heading mw-heading2"><h2 id="Attempt_to_caution_customers_against_virtual_currencies">Attempt to caution customers against virtual currencies</h2><span class="mw-editsection"><span class="mw-editsection-bracket">[</span><a href="/w/index.php?title=Reserve_Bank_of_India&action=edit&section=54" title="Edit section: Attempt to caution customers against virtual currencies"><span>edit</span></a><span class="mw-editsection-bracket">]</span></span></div> <p>In April 2018, RBI banned banks from supporting crypto transactions after cases of fraud through virtual currencies were reported. However, the Supreme Court struck down the ban in March 2020. Among the reasons cited was that cryptocurrencies were not illegal though unregulated in India.<sup id="cite_ref-124" class="reference"><a href="#cite_note-124"><span class="cite-bracket">[</span>123<span class="cite-bracket">]</span></a></sup> </p> <div class="mw-heading mw-heading2"><h2 id="Training_academies">Training academies</h2><span class="mw-editsection"><span class="mw-editsection-bracket">[</span><a href="/w/index.php?title=Reserve_Bank_of_India&action=edit&section=55" title="Edit section: Training academies"><span>edit</span></a><span class="mw-editsection-bracket">]</span></span></div> <ul><li>Reserve Bank Staff College,<sup id="cite_ref-125" class="reference"><a href="#cite_note-125"><span class="cite-bracket">[</span>124<span class="cite-bracket">]</span></a></sup> <a href="/wiki/Chennai" title="Chennai">Chennai</a></li> <li>Reserve Bank of India Academy,<sup id="cite_ref-126" class="reference"><a href="#cite_note-126"><span class="cite-bracket">[</span>125<span class="cite-bracket">]</span></a></sup> <a href="/wiki/Mumbai" title="Mumbai">Mumbai</a></li> <li>Reserve Bank of India College of Agricultural Banking,<sup id="cite_ref-127" class="reference"><a href="#cite_note-127"><span class="cite-bracket">[</span>126<span class="cite-bracket">]</span></a></sup> <a href="/wiki/Pune" title="Pune">Pune</a></li></ul> <p>The 3 training colleges of the Reserve Bank of India, train the officers of the Reserve Bank of India, and the banking industry.<sup id="cite_ref-128" class="reference"><a href="#cite_note-128"><span class="cite-bracket">[</span>127<span class="cite-bracket">]</span></a></sup> </p> <div class="mw-heading mw-heading2"><h2 id="Research_Units">Research Units</h2><span class="mw-editsection"><span class="mw-editsection-bracket">[</span><a href="/w/index.php?title=Reserve_Bank_of_India&action=edit&section=56" title="Edit section: Research Units"><span>edit</span></a><span class="mw-editsection-bracket">]</span></span></div> <ul><li><a href="/wiki/National_Institute_of_Bank_Management" title="National Institute of Bank Management">National Institute of Bank Management</a></li> <li><a href="/wiki/Institute_for_Development_and_Research_in_Banking_Technology" title="Institute for Development and Research in Banking Technology">Institute for Development and Research in Banking Technology</a></li> <li><a href="/wiki/Indira_Gandhi_Institute_of_Development_Research" title="Indira Gandhi Institute of Development Research">Indira Gandhi Institute of Development Research</a></li></ul> <div class="mw-heading mw-heading2"><h2 id="All_India_financial_institutions_separated_from_Reserve_Bank_of_India">All India financial institutions separated from Reserve Bank of India</h2><span class="mw-editsection"><span class="mw-editsection-bracket">[</span><a href="/w/index.php?title=Reserve_Bank_of_India&action=edit&section=57" title="Edit section: All India financial institutions separated from Reserve Bank of India"><span>edit</span></a><span class="mw-editsection-bracket">]</span></span></div> <p>Regulatory bodies:<sup id="cite_ref-129" class="reference"><a href="#cite_note-129"><span class="cite-bracket">[</span>128<span class="cite-bracket">]</span></a></sup> </p> <div class="mw-heading mw-heading2"><h2 id="All_India_financial_institutions_separated_from_Reserve_Bank_of_India_2">All India financial institutions separated from Reserve Bank of India</h2><span class="mw-editsection"><span class="mw-editsection-bracket">[</span><a href="/w/index.php?title=Reserve_Bank_of_India&action=edit&section=58" title="Edit section: All India financial institutions separated from Reserve Bank of India"><span>edit</span></a><span class="mw-editsection-bracket">]</span></span></div> <p>Regulatory bodies:<sup id="cite_ref-130" class="reference"><a href="#cite_note-130"><span class="cite-bracket">[</span>129<span class="cite-bracket">]</span></a></sup> </p> <ul><li>Export-Import Bank of India</li> <li><a href="/wiki/National_Bank_for_Agriculture_and_Rural_Development" title="National Bank for Agriculture and Rural Development">National Bank for Agriculture and Rural Development</a></li> <li><a href="/wiki/Small_Industries_Development_Bank_of_India" title="Small Industries Development Bank of India">Small Industries Development Bank of India</a></li> <li><a href="/wiki/National_Housing_Bank" title="National Housing Bank">National Housing Bank</a></li></ul> <div class="mw-heading mw-heading2"><h2 id="International_collaboration">International collaboration</h2><span class="mw-editsection"><span class="mw-editsection-bracket">[</span><a href="/w/index.php?title=Reserve_Bank_of_India&action=edit&section=59" title="Edit section: International collaboration"><span>edit</span></a><span class="mw-editsection-bracket">]</span></span></div> <div class="mw-heading mw-heading3"><h3 id="Project_Nexus">Project Nexus</h3><span class="mw-editsection"><span class="mw-editsection-bracket">[</span><a href="/w/index.php?title=Reserve_Bank_of_India&action=edit&section=60" title="Edit section: Project Nexus"><span>edit</span></a><span class="mw-editsection-bracket">]</span></span></div> <p>The <a href="/wiki/Bank_for_International_Settlements" title="Bank for International Settlements">Bank for International Settlements</a> signed an agreement with <a href="/wiki/Central_Bank_of_Malaysia" title="Central Bank of Malaysia">Central Bank of Malaysia</a>, <a href="/wiki/Bank_of_Thailand" title="Bank of Thailand">Bank of Thailand</a>, <a href="/wiki/Bangko_Sentral_ng_Pilipinas" title="Bangko Sentral ng Pilipinas">Bangko Sentral ng Pilipinas</a>, <a href="/wiki/Monetary_Authority_of_Singapore" title="Monetary Authority of Singapore">Monetary Authority of Singapore</a>, and the Reserve Bank of India on 30 June 2024 as founding member of Project Nexus, a multilateral international initiative to enable retail cross-border payments. <a href="/wiki/Bank_Indonesia" title="Bank Indonesia">Bank Indonesia</a> involved as a special observer. The platform, which is expected to go live by 2026, will interlink domestic fast payment systems of the member countries.<sup id="cite_ref-131" class="reference"><a href="#cite_note-131"><span class="cite-bracket">[</span>130<span class="cite-bracket">]</span></a></sup> </p> <div class="mw-heading mw-heading2"><h2 id="See_also">See also</h2><span class="mw-editsection"><span class="mw-editsection-bracket">[</span><a href="/w/index.php?title=Reserve_Bank_of_India&action=edit&section=61" title="Edit section: See also"><span>edit</span></a><span class="mw-editsection-bracket">]</span></span></div> <style data-mw-deduplicate="TemplateStyles:r1239009302">.mw-parser-output .portalbox{padding:0;margin:0.5em 0;display:table;box-sizing:border-box;max-width:175px;list-style:none}.mw-parser-output .portalborder{border:1px solid var(--border-color-base,#a2a9b1);padding:0.1em;background:var(--background-color-neutral-subtle,#f8f9fa)}.mw-parser-output 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<li><a href="/wiki/Exchange_rate_history_of_the_Indian_rupee" title="Exchange rate history of the Indian rupee">Exchange rate history of the Indian rupee</a></li> <li><a href="/wiki/List_of_governors_of_the_Reserve_Bank_of_India" title="List of governors of the Reserve Bank of India">List of governors of the Reserve Bank of India</a></li> <li><a href="/wiki/List_of_deputy_governors_of_the_Reserve_Bank_of_India" title="List of deputy governors of the Reserve Bank of India">List of deputy governors of the Reserve Bank of India</a></li></ul> </div> <div style="clear:both;" class=""></div> <div class="mw-heading mw-heading2"><h2 id="Notes">Notes</h2><span class="mw-editsection"><span class="mw-editsection-bracket">[</span><a href="/w/index.php?title=Reserve_Bank_of_India&action=edit&section=62" title="Edit section: Notes"><span>edit</span></a><span class="mw-editsection-bracket">]</span></span></div> <style data-mw-deduplicate="TemplateStyles:r1239543626">.mw-parser-output .reflist{margin-bottom:0.5em;list-style-type:decimal}@media screen{.mw-parser-output .reflist{font-size:90%}}.mw-parser-output .reflist .references{font-size:100%;margin-bottom:0;list-style-type:inherit}.mw-parser-output .reflist-columns-2{column-width:30em}.mw-parser-output .reflist-columns-3{column-width:25em}.mw-parser-output .reflist-columns{margin-top:0.3em}.mw-parser-output .reflist-columns ol{margin-top:0}.mw-parser-output .reflist-columns li{page-break-inside:avoid;break-inside:avoid-column}.mw-parser-output .reflist-upper-alpha{list-style-type:upper-alpha}.mw-parser-output .reflist-upper-roman{list-style-type:upper-roman}.mw-parser-output .reflist-lower-alpha{list-style-type:lower-alpha}.mw-parser-output .reflist-lower-greek{list-style-type:lower-greek}.mw-parser-output .reflist-lower-roman{list-style-type:lower-roman}</style><div class="reflist reflist-lower-alpha"> <div class="mw-references-wrap"><ol class="references"> <li id="cite_note-4"><span class="mw-cite-backlink"><b><a href="#cite_ref-4">^</a></b></span> <span class="reference-text">Indian reports are released on a weekly basis rather than the traditional monthly basis with the figures being of the previous week, by Reserve Bank of India.</span> </li> </ol></div></div> <div class="mw-heading mw-heading2"><h2 id="References">References</h2><span class="mw-editsection"><span class="mw-editsection-bracket">[</span><a href="/w/index.php?title=Reserve_Bank_of_India&action=edit&section=63" title="Edit section: References"><span>edit</span></a><span class="mw-editsection-bracket">]</span></span></div> <link rel="mw-deduplicated-inline-style" href="mw-data:TemplateStyles:r1239543626"><div class="reflist"> <div class="mw-references-wrap mw-references-columns"><ol class="references"> <li id="cite_note-1"><span class="mw-cite-backlink"><b><a href="#cite_ref-1">^</a></b></span> <span class="reference-text"><style data-mw-deduplicate="TemplateStyles:r1238218222">.mw-parser-output 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(prefers-color-scheme:dark){html.skin-theme-clientpref-os .mw-parser-output .cs1-maint{color:#18911f}}</style><cite class="citation web cs1"><a rel="nofollow" class="external text" href="https://www.rbi.org.in/Scripts/AboutusDisplay.aspx">"Reserve Bank of India – About Us"</a>. <a rel="nofollow" class="external text" href="https://web.archive.org/web/20210302112950/https://rbi.org.in/Scripts/AboutusDisplay.aspx">Archived</a> from the original on 2 March 2021<span class="reference-accessdate">. Retrieved <span class="nowrap">25 February</span> 2021</span>.</cite><span title="ctx_ver=Z39.88-2004&rft_val_fmt=info%3Aofi%2Ffmt%3Akev%3Amtx%3Abook&rft.genre=unknown&rft.btitle=Reserve+Bank+of+India+%E2%80%93+About+Us&rft_id=https%3A%2F%2Fwww.rbi.org.in%2FScripts%2FAboutusDisplay.aspx&rfr_id=info%3Asid%2Fen.wikipedia.org%3AReserve+Bank+of+India" class="Z3988"></span></span> </li> <li id="cite_note-shaktikanta-2"><span class="mw-cite-backlink">^ <a href="#cite_ref-shaktikanta_2-0"><sup><i><b>a</b></i></sup></a> <a href="#cite_ref-shaktikanta_2-1"><sup><i><b>b</b></i></sup></a></span> <span class="reference-text"><link rel="mw-deduplicated-inline-style" href="mw-data:TemplateStyles:r1238218222"><cite class="citation news cs1"><a rel="nofollow" class="external text" href="http://www.uniindia.com/~/shaktikanta-das-is-new-guv-of-rbi/Business%20Economy/news/1434353.html">"Shaktikanta Das is new Governor of RBI"</a>. <i>United News of India</i>. 11 December 2018. <a rel="nofollow" class="external text" href="https://web.archive.org/web/20181215022345/http://www.uniindia.com/~/shaktikanta-das-is-new-guv-of-rbi/Business%20Economy/news/1434353.html">Archived</a> from the original on 15 December 2018<span class="reference-accessdate">. Retrieved <span class="nowrap">11 December</span> 2018</span>.</cite><span title="ctx_ver=Z39.88-2004&rft_val_fmt=info%3Aofi%2Ffmt%3Akev%3Amtx%3Ajournal&rft.genre=article&rft.jtitle=United+News+of+India&rft.atitle=Shaktikanta+Das+is+new+Governor+of+RBI&rft.date=2018-12-11&rft_id=http%3A%2F%2Fwww.uniindia.com%2F~%2Fshaktikanta-das-is-new-guv-of-rbi%2FBusiness%2520Economy%2Fnews%2F1434353.html&rfr_id=info%3Asid%2Fen.wikipedia.org%3AReserve+Bank+of+India" class="Z3988"></span></span> </li> <li id="cite_note-3"><span class="mw-cite-backlink"><b><a href="#cite_ref-3">^</a></b></span> <span class="reference-text"><link rel="mw-deduplicated-inline-style" href="mw-data:TemplateStyles:r1238218222"><cite class="citation web cs1"><a rel="nofollow" class="external text" href="https://www.rbi.org.in/scripts/deputygovernors.aspx">"Reserve Bank of India - Deputy Governors"</a>. <i>rbi.org.in</i>. <a rel="nofollow" class="external text" href="https://web.archive.org/web/20240107055717/https://www.rbi.org.in/scripts/deputygovernors.aspx">Archived</a> from the original on 7 January 2024<span class="reference-accessdate">. Retrieved <span class="nowrap">7 January</span> 2024</span>.</cite><span title="ctx_ver=Z39.88-2004&rft_val_fmt=info%3Aofi%2Ffmt%3Akev%3Amtx%3Ajournal&rft.genre=unknown&rft.jtitle=rbi.org.in&rft.atitle=Reserve+Bank+of+India+-+Deputy+Governors&rft_id=https%3A%2F%2Fwww.rbi.org.in%2Fscripts%2Fdeputygovernors.aspx&rfr_id=info%3Asid%2Fen.wikipedia.org%3AReserve+Bank+of+India" class="Z3988"></span></span> </li> <li id="cite_note-5"><span class="mw-cite-backlink"><b><a href="#cite_ref-5">^</a></b></span> <span class="reference-text"><link rel="mw-deduplicated-inline-style" href="mw-data:TemplateStyles:r1238218222"><cite class="citation web cs1"><a rel="nofollow" class="external text" href="https://m.rbi.org.in//scripts/WSSViewDetail.aspx?PARAM1=2&TYPE=Section">"Reserve Bank of India – Weekly Statistical Supplement"</a>. Reserve Bank of India. <a rel="nofollow" class="external text" href="https://web.archive.org/web/20210608150230/https://m.rbi.org.in//Scripts/WSSViewDetail.aspx?TYPE=Section&PARAM1=2">Archived</a> from the original on 8 June 2021<span class="reference-accessdate">. Retrieved <span class="nowrap">7 January</span> 2024</span>.</cite><span title="ctx_ver=Z39.88-2004&rft_val_fmt=info%3Aofi%2Ffmt%3Akev%3Amtx%3Abook&rft.genre=unknown&rft.btitle=Reserve+Bank+of+India+%E2%80%93+Weekly+Statistical+Supplement&rft.pub=Reserve+Bank+of+India&rft_id=https%3A%2F%2Fm.rbi.org.in%2F%2Fscripts%2FWSSViewDetail.aspx%3FPARAM1%3D2%26TYPE%3DSection&rfr_id=info%3Asid%2Fen.wikipedia.org%3AReserve+Bank+of+India" class="Z3988"></span></span> </li> <li id="cite_note-auto-6"><span class="mw-cite-backlink">^ <a href="#cite_ref-auto_6-0"><sup><i><b>a</b></i></sup></a> <a href="#cite_ref-auto_6-1"><sup><i><b>b</b></i></sup></a></span> <span class="reference-text"><link rel="mw-deduplicated-inline-style" href="mw-data:TemplateStyles:r1238218222"><cite class="citation web cs1"><a rel="nofollow" class="external text" href="https://rbi.org.in/">"Reserve Bank of India"</a>. <i>rbi.org.in</i>. <a rel="nofollow" class="external text" href="https://web.archive.org/web/20231014050209/https://rbi.org.in/">Archived</a> from the original on 14 October 2023<span class="reference-accessdate">. Retrieved <span class="nowrap">9 April</span> 2022</span>.</cite><span title="ctx_ver=Z39.88-2004&rft_val_fmt=info%3Aofi%2Ffmt%3Akev%3Amtx%3Ajournal&rft.genre=unknown&rft.jtitle=rbi.org.in&rft.atitle=Reserve+Bank+of+India&rft_id=https%3A%2F%2Frbi.org.in%2F&rfr_id=info%3Asid%2Fen.wikipedia.org%3AReserve+Bank+of+India" class="Z3988"></span></span> </li> <li id="cite_note-7"><span class="mw-cite-backlink"><b><a href="#cite_ref-7">^</a></b></span> <span class="reference-text"><link rel="mw-deduplicated-inline-style" href="mw-data:TemplateStyles:r1238218222"><cite class="citation web cs1"><a rel="nofollow" class="external text" href="https://www.rbi.org.in/scripts/AboutUsDisplay.aspxpg=DeptOfCM.htm#:~:text=Two%20of%20the%20currency%20note,and%20Dewas%20(Central%20India).">"Reserve Bank of India – About Us"</a>. <i>www.rbi.org.in</i>. <a rel="nofollow" class="external text" href="https://web.archive.org/web/20230421151003/https://www.rbi.org.in/scripts/AboutUsDisplay.aspxpg=DeptOfCM.htm#:~:text=Two%20of%20the%20currency%20note,and%20Dewas%20(Central%20India).">Archived</a> from the original on 21 April 2023<span class="reference-accessdate">. Retrieved <span class="nowrap">2 August</span> 2022</span>.</cite><span title="ctx_ver=Z39.88-2004&rft_val_fmt=info%3Aofi%2Ffmt%3Akev%3Amtx%3Ajournal&rft.genre=unknown&rft.jtitle=www.rbi.org.in&rft.atitle=Reserve+Bank+of+India+%E2%80%93+About+Us&rft_id=https%3A%2F%2Fwww.rbi.org.in%2Fscripts%2FAboutUsDisplay.aspxpg%3DDeptOfCM.htm%23%3A~%3Atext%3DTwo%2520of%2520the%2520currency%2520note%2Cand%2520Dewas%2520%28Central%2520India%29.&rfr_id=info%3Asid%2Fen.wikipedia.org%3AReserve+Bank+of+India" class="Z3988"></span></span> </li> <li id="cite_note-8"><span class="mw-cite-backlink"><b><a href="#cite_ref-8">^</a></b></span> <span class="reference-text"><link rel="mw-deduplicated-inline-style" href="mw-data:TemplateStyles:r1238218222"><cite class="citation web cs1"><a rel="nofollow" class="external text" href="https://www.thehindubusinessline.com/opinion/columns/slate/all-you-wanted-to-know-about-monetary-policy-committee/article8807786.ece">"All you wanted to know about Monetary Policy Committee"</a>. <i>@businessline</i>. 4 July 2016. <a rel="nofollow" class="external text" href="https://web.archive.org/web/20200806190826/https://www.thehindubusinessline.com/opinion/columns/slate/all-you-wanted-to-know-about-monetary-policy-committee/article8807786.ece">Archived</a> from the original on 6 August 2020<span class="reference-accessdate">. Retrieved <span class="nowrap">13 July</span> 2019</span>.</cite><span title="ctx_ver=Z39.88-2004&rft_val_fmt=info%3Aofi%2Ffmt%3Akev%3Amtx%3Ajournal&rft.genre=unknown&rft.jtitle=%40businessline&rft.atitle=All+you+wanted+to+know+about+Monetary+Policy+Committee&rft.date=2016-07-04&rft_id=https%3A%2F%2Fwww.thehindubusinessline.com%2Fopinion%2Fcolumns%2Fslate%2Fall-you-wanted-to-know-about-monetary-policy-committee%2Farticle8807786.ece&rfr_id=info%3Asid%2Fen.wikipedia.org%3AReserve+Bank+of+India" class="Z3988"></span></span> </li> <li id="cite_note-mpc-9"><span class="mw-cite-backlink">^ <a href="#cite_ref-mpc_9-0"><sup><i><b>a</b></i></sup></a> <a href="#cite_ref-mpc_9-1"><sup><i><b>b</b></i></sup></a></span> <span class="reference-text"><link rel="mw-deduplicated-inline-style" href="mw-data:TemplateStyles:r1238218222"><cite id="CITEREFKrishnan2016" class="citation news cs1">Krishnan, Aarati (4 July 2016). <a rel="nofollow" class="external text" href="https://www.thehindubusinessline.com/opinion/columns/slate/all-you-wanted-to-know-about-monetary-policy-committee/article8807786.ece">"All you wanted to know about Monetary Policy Committee"</a>. <i>Business Line</i>. <a rel="nofollow" class="external text" href="https://web.archive.org/web/20200806190826/https://www.thehindubusinessline.com/opinion/columns/slate/all-you-wanted-to-know-about-monetary-policy-committee/article8807786.ece">Archived</a> from the original on 6 August 2020<span class="reference-accessdate">. Retrieved <span class="nowrap">12 December</span> 2018</span>.</cite><span title="ctx_ver=Z39.88-2004&rft_val_fmt=info%3Aofi%2Ffmt%3Akev%3Amtx%3Ajournal&rft.genre=article&rft.jtitle=Business+Line&rft.atitle=All+you+wanted+to+know+about+Monetary+Policy+Committee&rft.date=2016-07-04&rft.aulast=Krishnan&rft.aufirst=Aarati&rft_id=https%3A%2F%2Fwww.thehindubusinessline.com%2Fopinion%2Fcolumns%2Fslate%2Fall-you-wanted-to-know-about-monetary-policy-committee%2Farticle8807786.ece&rfr_id=info%3Asid%2Fen.wikipedia.org%3AReserve+Bank+of+India" class="Z3988"></span></span> </li> <li id="cite_note-10"><span class="mw-cite-backlink"><b><a href="#cite_ref-10">^</a></b></span> <span class="reference-text"><link rel="mw-deduplicated-inline-style" href="mw-data:TemplateStyles:r1238218222"><cite class="citation web cs1"><a rel="nofollow" class="external text" href="http://rbidocs.rbi.org.in/rdocs/Publications/PDFs/RBIA1934170510.pdf">"Reserve Bank of India Act, 1934"</a> <span class="cs1-format">(PDF)</span>. p. 115. <a rel="nofollow" class="external text" href="https://web.archive.org/web/20120912070445/http://rbidocs.rbi.org.in/rdocs/Publications/PDFs/RBIA1934170510.pdf">Archived</a> <span class="cs1-format">(PDF)</span> from the original on 12 September 2012<span class="reference-accessdate">. Retrieved <span class="nowrap">6 August</span> 2012</span>.</cite><span title="ctx_ver=Z39.88-2004&rft_val_fmt=info%3Aofi%2Ffmt%3Akev%3Amtx%3Abook&rft.genre=unknown&rft.btitle=Reserve+Bank+of+India+Act%2C+1934&rft.pages=115&rft_id=http%3A%2F%2Frbidocs.rbi.org.in%2Frdocs%2FPublications%2FPDFs%2FRBIA1934170510.pdf&rfr_id=info%3Asid%2Fen.wikipedia.org%3AReserve+Bank+of+India" class="Z3988"></span></span> </li> <li id="cite_note-RBIA1934-2009-11"><span class="mw-cite-backlink"><b><a href="#cite_ref-RBIA1934-2009_11-0">^</a></b></span> <span class="reference-text"><link rel="mw-deduplicated-inline-style" href="mw-data:TemplateStyles:r1238218222"><cite class="citation web cs1"><a rel="nofollow" class="external text" href="http://rbidocs.rbi.org.in/rdocs/Publications/PDFs/RBIAM_230609.pdf">"RESERVE BANK OF INDIA ACT, 1934 (As modified up to 27 February 2009)"</a> <span class="cs1-format">(PDF)</span>. Reserve Bank of India (RBI). <a rel="nofollow" class="external text" href="https://web.archive.org/web/20110721181422/http://rbidocs.rbi.org.in/rdocs/Publications/PDFs/RBIAM_230609.pdf">Archived</a> <span class="cs1-format">(PDF)</span> from the original on 21 July 2011<span class="reference-accessdate">. Retrieved <span class="nowrap">20 November</span> 2010</span>.</cite><span title="ctx_ver=Z39.88-2004&rft_val_fmt=info%3Aofi%2Ffmt%3Akev%3Amtx%3Abook&rft.genre=unknown&rft.btitle=RESERVE+BANK+OF+INDIA+ACT%2C+1934+%28As+modified+up+to+27+February+2009%29&rft.pub=Reserve+Bank+of+India+%28RBI%29&rft_id=http%3A%2F%2Frbidocs.rbi.org.in%2Frdocs%2FPublications%2FPDFs%2FRBIAM_230609.pdf&rfr_id=info%3Asid%2Fen.wikipedia.org%3AReserve+Bank+of+India" class="Z3988"></span></span> </li> <li id="cite_note-12"><span class="mw-cite-backlink"><b><a href="#cite_ref-12">^</a></b></span> <span class="reference-text"><link rel="mw-deduplicated-inline-style" href="mw-data:TemplateStyles:r1238218222"><cite class="citation web cs1"><a rel="nofollow" class="external text" href="https://www.rbi.org.in/history/Brief_RBI_Nationalisation.html">"RBI History - Brief History - RBI Nationalisation"</a>. <i>www.rbi.org.in</i>. <a rel="nofollow" class="external text" href="https://web.archive.org/web/20200806205546/https://www.rbi.org.in/history/Brief_RBI_Nationalisation.html">Archived</a> from the original on 6 August 2020<span class="reference-accessdate">. Retrieved <span class="nowrap">11 September</span> 2020</span>.</cite><span title="ctx_ver=Z39.88-2004&rft_val_fmt=info%3Aofi%2Ffmt%3Akev%3Amtx%3Ajournal&rft.genre=unknown&rft.jtitle=www.rbi.org.in&rft.atitle=RBI+History+-+Brief+History+-+RBI+Nationalisation&rft_id=https%3A%2F%2Fwww.rbi.org.in%2Fhistory%2FBrief_RBI_Nationalisation.html&rfr_id=info%3Asid%2Fen.wikipedia.org%3AReserve+Bank+of+India" class="Z3988"></span></span> </li> <li id="cite_note-13"><span class="mw-cite-backlink"><b><a href="#cite_ref-13">^</a></b></span> <span class="reference-text"><link rel="mw-deduplicated-inline-style" href="mw-data:TemplateStyles:r1238218222"><cite id="CITEREFSrinivas2014" class="citation journal cs1">Srinivas, Yanamandra (1 December 2014). <a rel="nofollow" class="external text" href="https://www.levyinstitute.org/pubs/wp_820.pdf">"Minsky, Monetary Policy and Mint Street: Challenges for the Art of Monetary Policymaking in Emerging Economies"</a> <span class="cs1-format">(PDF)</span>. <i>Levy Economics Institute Working Paper Collection</i>. <a href="/wiki/SSRN_(identifier)" class="mw-redirect" title="SSRN (identifier)">SSRN</a> <a rel="nofollow" class="external text" href="https://papers.ssrn.com/sol3/papers.cfm?abstract_id=2532526">2532526</a>. <a rel="nofollow" class="external text" href="https://web.archive.org/web/20170922213410/http://www.levyinstitute.org/pubs/wp_820.pdf">Archived</a> <span class="cs1-format">(PDF)</span> from the original on 22 September 2017<span class="reference-accessdate">. Retrieved <span class="nowrap">26 December</span> 2018</span>.</cite><span title="ctx_ver=Z39.88-2004&rft_val_fmt=info%3Aofi%2Ffmt%3Akev%3Amtx%3Ajournal&rft.genre=article&rft.jtitle=Levy+Economics+Institute+Working+Paper+Collection&rft.atitle=Minsky%2C+Monetary+Policy+and+Mint+Street%3A+Challenges+for+the+Art+of+Monetary+Policymaking+in+Emerging+Economies&rft.date=2014-12-01&rft_id=https%3A%2F%2Fpapers.ssrn.com%2Fsol3%2Fpapers.cfm%3Fabstract_id%3D2532526%23id-name%3DSSRN&rft.aulast=Srinivas&rft.aufirst=Yanamandra&rft_id=http%3A%2F%2Fwww.levyinstitute.org%2Fpubs%2Fwp_820.pdf&rfr_id=info%3Asid%2Fen.wikipedia.org%3AReserve+Bank+of+India" class="Z3988"></span></span> </li> <li id="cite_note-14"><span class="mw-cite-backlink"><b><a href="#cite_ref-14">^</a></b></span> <span class="reference-text"><link rel="mw-deduplicated-inline-style" href="mw-data:TemplateStyles:r1238218222"><cite class="citation web cs1"><a rel="nofollow" class="external text" href="https://www.rbi.org.in/commonperson/English/Scripts/Organisation.aspx">"Reserve Bank of India"</a>. <i>www.rbi.org.in</i>. <a rel="nofollow" class="external text" href="https://web.archive.org/web/20200716154823/https://www.rbi.org.in/commonperson/English/Scripts/Organisation.aspx">Archived</a> from the original on 16 July 2020<span class="reference-accessdate">. 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Retrieved <span class="nowrap">16 July</span> 2020</span>.</cite><span title="ctx_ver=Z39.88-2004&rft_val_fmt=info%3Aofi%2Ffmt%3Akev%3Amtx%3Ajournal&rft.genre=unknown&rft.jtitle=www.rbi.org.in&rft.atitle=Reserve+Bank+of+India&rft_id=https%3A%2F%2Fwww.rbi.org.in%2Fcommonperson%2FEnglish%2FScripts%2FOrganisation.aspx%23EP&rfr_id=info%3Asid%2Fen.wikipedia.org%3AReserve+Bank+of+India" class="Z3988"></span></span> </li> <li id="cite_note-16"><span class="mw-cite-backlink"><b><a href="#cite_ref-16">^</a></b></span> <span class="reference-text"><a rel="nofollow" class="external text" href="http://www.rbi.org.in/scripts/OccasionalPublications.aspx?head=Reserve%20Bank%20of%20India%20Act">The Reserve Bank of India Act, 1934</a> <a rel="nofollow" class="external text" href="https://web.archive.org/web/20170225181554/https://rbi.org.in/scripts/OccasionalPublications.aspx?head=Reserve%20Bank%20of%20India%20Act">Archived</a> 25 February 2017 at the <a href="/wiki/Wayback_Machine" title="Wayback Machine">Wayback Machine</a>. rbi.org.in</span> </li> <li id="cite_note-17"><span class="mw-cite-backlink"><b><a href="#cite_ref-17">^</a></b></span> <span class="reference-text"><link rel="mw-deduplicated-inline-style" href="mw-data:TemplateStyles:r1238218222"><cite id="CITEREFCecil_Kisch1949" class="citation journal cs1"><a href="/wiki/Cecil_Kisch" title="Cecil Kisch">Cecil Kisch</a> (1949). 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Penguin Books India. <a href="/wiki/ISBN_(identifier)" class="mw-redirect" title="ISBN (identifier)">ISBN</a> <a href="/wiki/Special:BookSources/978-0-670-99906-4" title="Special:BookSources/978-0-670-99906-4"><bdi>978-0-670-99906-4</bdi></a>. <a rel="nofollow" class="external text" href="https://web.archive.org/web/20200818184209/https://books.google.com/books?id=6sknWQvz3MIC">Archived</a> from the original on 18 August 2020<span class="reference-accessdate">. Retrieved <span class="nowrap">26 December</span> 2018</span>.</cite><span title="ctx_ver=Z39.88-2004&rft_val_fmt=info%3Aofi%2Ffmt%3Akev%3Amtx%3Abook&rft.genre=book&rft.btitle=The+evolution+of+the+State+Bank+of+India%3A+The+era+from+1995+to+1980&rft.pub=Penguin+Books+India&rft.date=2009&rft.isbn=978-0-670-99906-4&rft.au=Ray%2C+Abhik&rft_id=https%3A%2F%2Fbooks.google.com%2Fbooks%3Fid%3D6sknWQvz3MIC&rfr_id=info%3Asid%2Fen.wikipedia.org%3AReserve+Bank+of+India" class="Z3988"></span></span> </li> <li id="cite_note-29"><span class="mw-cite-backlink"><b><a href="#cite_ref-29">^</a></b></span> <span class="reference-text"><a rel="nofollow" class="external text" href="http://rbidocs.rbi.org.in/rdocs/PressRelease/PDFs/69367.pdf">Alpana Killawala: "History of The Reserve Bank of India – Summary", Reserve Bank of India Press Release, 18 March 2006</a> <a rel="nofollow" class="external text" href="https://web.archive.org/web/20110721181440/http://rbidocs.rbi.org.in/rdocs/PressRelease/PDFs/69367.pdf">Archived</a> 21 July 2011 at the <a href="/wiki/Wayback_Machine" title="Wayback Machine">Wayback Machine</a> (RBI)</span> </li> <li id="cite_note-30"><span class="mw-cite-backlink"><b><a href="#cite_ref-30">^</a></b></span> <span class="reference-text"><link rel="mw-deduplicated-inline-style" href="mw-data:TemplateStyles:r1238218222"><cite id="CITEREFJadhav,_NarendaRay,_ParthaBose,_DhritidyutiGupta,_Indranil_Sen2003" class="citation journal cs1">Jadhav, Narenda; Ray, Partha; Bose, Dhritidyuti; Gupta, Indranil Sen (2003). <a rel="nofollow" class="external text" href="https://www.rbi.org.in/upload/publications/pdfs/60611.pdf">"The Reserve Bank of India's Balance Sheet: Analytics and Dynamics of Evolution"</a> <span class="cs1-format">(PDF)</span>. <i>Reserve Bank of India Occasional Papers</i>. <b>24</b> (3): 40. <a rel="nofollow" class="external text" href="https://web.archive.org/web/20170810164319/https://www.rbi.org.in/upload/publications/pdfs/60611.pdf">Archived</a> <span class="cs1-format">(PDF)</span> from the original on 10 August 2017<span class="reference-accessdate">. Retrieved <span class="nowrap">26 December</span> 2018</span>.</cite><span title="ctx_ver=Z39.88-2004&rft_val_fmt=info%3Aofi%2Ffmt%3Akev%3Amtx%3Ajournal&rft.genre=article&rft.jtitle=Reserve+Bank+of+India+Occasional+Papers&rft.atitle=The+Reserve+Bank+of+India%27s+Balance+Sheet%3A+Analytics+and+Dynamics+of+Evolution&rft.volume=24&rft.issue=3&rft.pages=40&rft.date=2003&rft.au=Jadhav%2C+Narenda&rft.au=Ray%2C+Partha&rft.au=Bose%2C+Dhritidyuti&rft.au=Gupta%2C+Indranil+Sen&rft_id=https%3A%2F%2Fwww.rbi.org.in%2Fupload%2Fpublications%2Fpdfs%2F60611.pdf&rfr_id=info%3Asid%2Fen.wikipedia.org%3AReserve+Bank+of+India" class="Z3988"></span></span> </li> <li id="cite_note-31"><span class="mw-cite-backlink"><b><a href="#cite_ref-31">^</a></b></span> <span class="reference-text"><a rel="nofollow" class="external text" href="http://www.rbi.org.in/scripts/chro_1985.aspx">Chronology of Events, Developing the Markets: Seeds of Liberalization- 1985 to 1991</a> <a rel="nofollow" class="external text" href="https://web.archive.org/web/20111115135110/http://www.rbi.org.in/scripts/chro_1985.aspx">Archived</a> 15 November 2011 at the <a href="/wiki/Wayback_Machine" title="Wayback Machine">Wayback Machine</a> (RBI)</span> </li> <li id="cite_note-32"><span class="mw-cite-backlink"><b><a href="#cite_ref-32">^</a></b></span> <span class="reference-text"><link rel="mw-deduplicated-inline-style" href="mw-data:TemplateStyles:r1238218222"><cite id="CITEREFRay2008" class="citation journal cs1">Ray, Amal Kanti (2008). 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(2006). <a rel="nofollow" class="external text" href="https://crawford.anu.edu.au/acde/asarc/pdf/papers/2003/WP2003_03.pdf">"Structure of Financial Savings During Indian Economic Reforms"</a> <span class="cs1-format">(PDF)</span>. <i>Empirical Economics</i>. <b>31</b> (4): 861–869 [862]. <a href="/wiki/Doi_(identifier)" class="mw-redirect" title="Doi (identifier)">doi</a>:<a rel="nofollow" class="external text" href="https://doi.org/10.1007%2Fs00181-006-0058-5">10.1007/s00181-006-0058-5</a>. <a href="/wiki/Hdl_(identifier)" class="mw-redirect" title="Hdl (identifier)">hdl</a>:<span class="id-lock-free" title="Freely accessible"><a rel="nofollow" class="external text" href="https://hdl.handle.net/1885%2F40607">1885/40607</a></span>. <a href="/wiki/S2CID_(identifier)" class="mw-redirect" title="S2CID (identifier)">S2CID</a> <a rel="nofollow" class="external text" href="https://api.semanticscholar.org/CorpusID:54023284">54023284</a>. <a rel="nofollow" class="external text" href="https://web.archive.org/web/20170921234507/https://crawford.anu.edu.au/acde/asarc/pdf/papers/2003/WP2003_03.pdf">Archived</a> <span class="cs1-format">(PDF)</span> from the original on 21 September 2017<span class="reference-accessdate">. Retrieved <span class="nowrap">26 December</span> 2018</span>.</cite><span title="ctx_ver=Z39.88-2004&rft_val_fmt=info%3Aofi%2Ffmt%3Akev%3Amtx%3Ajournal&rft.genre=article&rft.jtitle=Empirical+Economics&rft.atitle=Structure+of+Financial+Savings+During+Indian+Economic+Reforms&rft.volume=31&rft.issue=4&rft.pages=861-869+862&rft.date=2006&rft_id=info%3Ahdl%2F1885%2F40607&rft_id=https%3A%2F%2Fapi.semanticscholar.org%2FCorpusID%3A54023284%23id-name%3DS2CID&rft_id=info%3Adoi%2F10.1007%2Fs00181-006-0058-5&rft.aulast=Jha&rft.aufirst=Raghbendra&rft.au=Longjam%2C+Ibotombi+S.&rft_id=https%3A%2F%2Fcrawford.anu.edu.au%2Facde%2Fasarc%2Fpdf%2Fpapers%2F2003%2FWP2003_03.pdf&rfr_id=info%3Asid%2Fen.wikipedia.org%3AReserve+Bank+of+India" class="Z3988"></span></span> </li> <li id="cite_note-34"><span class="mw-cite-backlink"><b><a href="#cite_ref-34">^</a></b></span> <span class="reference-text"><a rel="nofollow" class="external text" href="http://www.rbi.org.in/scripts/chro_1991.aspx">Chronology of Events, Crisis and Reforms- 1991 to 2000</a> <a rel="nofollow" class="external text" href="https://web.archive.org/web/20100203165408/http://www.rbi.org.in/scripts/chro_1991.aspx">Archived</a> 3 February 2010 at the <a href="/wiki/Wayback_Machine" title="Wayback Machine">Wayback Machine</a> (RBI)</span> </li> <li id="cite_note-35"><span class="mw-cite-backlink"><b><a href="#cite_ref-35">^</a></b></span> <span class="reference-text"><link rel="mw-deduplicated-inline-style" href="mw-data:TemplateStyles:r1238218222"><cite class="citation web cs1"><a rel="nofollow" class="external text" href="http://rbidocs.rbi.org.in/rdocs/opportunities/history.html">"RBI History – Spanning 7 Decades of Public Service"</a>. 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Retrieved <span class="nowrap">25 April</span> 2024</span>.</cite><span title="ctx_ver=Z39.88-2004&rft_val_fmt=info%3Aofi%2Ffmt%3Akev%3Amtx%3Ajournal&rft.genre=unknown&rft.jtitle=The+Gazette+of+India&rft.atitle=Notification&rft.pages=39-40&rft.date=2015-01-14&rft_id=https%3A%2F%2Fegazette.gov.in%2FWriteReadData%2F2016%2F167641.pdf%23page%3D39&rfr_id=info%3Asid%2Fen.wikipedia.org%3AReserve+Bank+of+India" class="Z3988"></span></span> </li> <li id="cite_note-40"><span class="mw-cite-backlink"><b><a href="#cite_ref-40">^</a></b></span> <span class="reference-text"><link rel="mw-deduplicated-inline-style" href="mw-data:TemplateStyles:r1238218222"><cite id="CITEREFSabnavis2023" class="citation web cs1">Sabnavis, Madan (20 November 2023). <a rel="nofollow" class="external text" href="https://www.thehindubusinessline.com/opinion/india-wants-gold-not-gold-bonds/article67555394.ece">"India wants gold, not gold bonds"</a>. <i>BusinessLine</i>. <a rel="nofollow" class="external text" href="https://web.archive.org/web/20231201061119/https://www.thehindubusinessline.com/opinion/india-wants-gold-not-gold-bonds/article67555394.ece">Archived</a> from the original on 1 December 2023<span class="reference-accessdate">. Retrieved <span class="nowrap">26 July</span> 2024</span>.</cite><span title="ctx_ver=Z39.88-2004&rft_val_fmt=info%3Aofi%2Ffmt%3Akev%3Amtx%3Ajournal&rft.genre=unknown&rft.jtitle=BusinessLine&rft.atitle=India+wants+gold%2C+not+gold+bonds&rft.date=2023-11-20&rft.aulast=Sabnavis&rft.aufirst=Madan&rft_id=https%3A%2F%2Fwww.thehindubusinessline.com%2Fopinion%2Findia-wants-gold-not-gold-bonds%2Farticle67555394.ece&rfr_id=info%3Asid%2Fen.wikipedia.org%3AReserve+Bank+of+India" class="Z3988"></span></span> </li> <li id="cite_note-41"><span class="mw-cite-backlink"><b><a href="#cite_ref-41">^</a></b></span> <span class="reference-text"><link rel="mw-deduplicated-inline-style" href="mw-data:TemplateStyles:r1238218222"><cite class="citation web cs1"><a rel="nofollow" class="external text" href="https://rbidocs.rbi.org.in/rdocs/PressRelease/PDFs/PR264270719E5CB28249D7BCE07C5B3196C904.PDF">"Statement on Developmental and Regulatory Policies"</a> <span class="cs1-format">(PDF)</span>. <i>RBI.org</i>. <a rel="nofollow" class="external text" href="https://web.archive.org/web/20200117201714/https://rbidocs.rbi.org.in/rdocs/PressRelease/PDFs/PR264270719E5CB28249D7BCE07C5B3196C904.PDF">Archived</a> <span class="cs1-format">(PDF)</span> from the original on 17 January 2020<span class="reference-accessdate">. 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Retrieved <span class="nowrap">5 March</span> 2020</span>.</cite><span title="ctx_ver=Z39.88-2004&rft_val_fmt=info%3Aofi%2Ffmt%3Akev%3Amtx%3Ajournal&rft.genre=article&rft.jtitle=The+Economic+Times&rft.atitle=RBI+says+crypto+not+banned%2C+but+don%27t+bank+on+it&rft.date=2020-01-21&rft.aulast=Chandrashekhar&rft.aufirst=Anandi&rft_id=https%3A%2F%2Feconomictimes.indiatimes.com%2Findustry%2Fbanking%2Ffinance%2Fbanking%2Frbi-says-crypto-not-banned-but-dont-bank-on-it%2Farticleshow%2F73465030.cms&rfr_id=info%3Asid%2Fen.wikipedia.org%3AReserve+Bank+of+India" class="Z3988"></span></span> </li> <li id="cite_note-43"><span class="mw-cite-backlink"><b><a href="#cite_ref-43">^</a></b></span> <span class="reference-text"><link rel="mw-deduplicated-inline-style" href="mw-data:TemplateStyles:r1238218222"><cite id="CITEREFMohantyAnand2020" class="citation web cs1">Mohanty, Suchitra; Anand, Nupur (4 March 2020). <a rel="nofollow" class="external text" href="https://web.archive.org/web/20200807030432/https://ca.reuters.com/article/technologyNews/idCAKBN20R0KV-OCATC">"India's top court strikes down RBI banking ban on cryptocurrency"</a>. <i>Reuters</i>. 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Retrieved <span class="nowrap">20 August</span> 2010</span>.</cite><span title="ctx_ver=Z39.88-2004&rft_val_fmt=info%3Aofi%2Ffmt%3Akev%3Amtx%3Abook&rft.genre=unknown&rft.btitle=About+us%2C+Organisation+and+Functions&rft.pub=RBI&rft_id=http%3A%2F%2Fwww.rbi.org.in%2Fscripts%2FAboutusDisplay.aspx&rfr_id=info%3Asid%2Fen.wikipedia.org%3AReserve+Bank+of+India" class="Z3988"></span></span> </li> <li id="cite_note-60"><span class="mw-cite-backlink"><b><a href="#cite_ref-60">^</a></b></span> <span class="reference-text"><link rel="mw-deduplicated-inline-style" href="mw-data:TemplateStyles:r1238218222"><cite class="citation web cs1"><a rel="nofollow" class="external text" href="https://www.rbi.org.in/Scripts/OtherLinks.aspx">"Reserve Bank of India - Related Links"</a>. <i>www.rbi.org.in</i>. <a rel="nofollow" class="external text" href="https://web.archive.org/web/20150518101441/https://www.rbi.org.in/Scripts/OtherLinks.aspx">Archived</a> from the original on 18 May 2015<span class="reference-accessdate">. Retrieved <span class="nowrap">10 May</span> 2015</span>.</cite><span title="ctx_ver=Z39.88-2004&rft_val_fmt=info%3Aofi%2Ffmt%3Akev%3Amtx%3Ajournal&rft.genre=unknown&rft.jtitle=www.rbi.org.in&rft.atitle=Reserve+Bank+of+India+-+Related+Links&rft_id=https%3A%2F%2Fwww.rbi.org.in%2FScripts%2FOtherLinks.aspx&rfr_id=info%3Asid%2Fen.wikipedia.org%3AReserve+Bank+of+India" class="Z3988"></span></span> </li> <li id="cite_note-61"><span class="mw-cite-backlink"><b><a href="#cite_ref-61">^</a></b></span> <span class="reference-text"><link rel="mw-deduplicated-inline-style" href="mw-data:TemplateStyles:r1238218222"><cite id="CITEREFSingh2017" class="citation news cs1">Singh, Bikash (8 December 2017). <a rel="nofollow" class="external text" href="https://economictimes.indiatimes.com/news/economy/policy/rbi-to-open-office-in-arunachal-pradesh/articleshow/61985619.cms">"RBI to open office in Arunachal Pradesh"</a>. <i>The Economic Times</i>. <a rel="nofollow" class="external text" href="https://web.archive.org/web/20180718144704/https://economictimes.indiatimes.com/news/economy/policy/rbi-to-open-office-in-arunachal-pradesh/articleshow/61985619.cms">Archived</a> from the original on 18 July 2018<span class="reference-accessdate">. Retrieved <span class="nowrap">18 July</span> 2018</span>.</cite><span title="ctx_ver=Z39.88-2004&rft_val_fmt=info%3Aofi%2Ffmt%3Akev%3Amtx%3Ajournal&rft.genre=article&rft.jtitle=The+Economic+Times&rft.atitle=RBI+to+open+office+in+Arunachal+Pradesh&rft.date=2017-12-08&rft.aulast=Singh&rft.aufirst=Bikash&rft_id=https%3A%2F%2Feconomictimes.indiatimes.com%2Fnews%2Feconomy%2Fpolicy%2Frbi-to-open-office-in-arunachal-pradesh%2Farticleshow%2F61985619.cms&rfr_id=info%3Asid%2Fen.wikipedia.org%3AReserve+Bank+of+India" class="Z3988"></span></span> </li> <li id="cite_note-62"><span class="mw-cite-backlink"><b><a href="#cite_ref-62">^</a></b></span> <span class="reference-text"><a rel="nofollow" class="external text" href="https://www.iftas.in/about-us/overview/">Indian Financial Technology and Allied Services</a></span> </li> <li id="cite_note-63"><span class="mw-cite-backlink"><b><a href="#cite_ref-63">^</a></b></span> <span class="reference-text"><a rel="nofollow" class="external text" href="https://www.iftas.in/services/infinet/"><b>I</b>ndian <b>FI</b>nancial <b>NET</b>work (INFINET)</a></span> </li> <li id="cite_note-64"><span class="mw-cite-backlink"><b><a href="#cite_ref-64">^</a></b></span> <span class="reference-text"><link rel="mw-deduplicated-inline-style" href="mw-data:TemplateStyles:r1238218222"><cite id="CITEREFDayal2022" class="citation news cs1">Dayal, Yogesh (24 March 2022). <a rel="nofollow" class="external text" href="https://www.rbi.org.in/scripts/BS_PressReleaseDisplay.aspx?prid=53458">"Inauguration of the Reserve Bank Innovation Hub"</a>. Reserve Bank of India. <a rel="nofollow" class="external text" href="https://web.archive.org/web/20221106050624/https://www.rbi.org.in/scripts/BS_PressReleaseDisplay.aspx?prid=53458">Archived</a> from the original on 6 November 2022<span class="reference-accessdate">. Retrieved <span class="nowrap">6 November</span> 2022</span>.</cite><span title="ctx_ver=Z39.88-2004&rft_val_fmt=info%3Aofi%2Ffmt%3Akev%3Amtx%3Ajournal&rft.genre=article&rft.atitle=Inauguration+of+the+Reserve+Bank+Innovation+Hub&rft.date=2022-03-24&rft.aulast=Dayal&rft.aufirst=Yogesh&rft_id=https%3A%2F%2Fwww.rbi.org.in%2Fscripts%2FBS_PressReleaseDisplay.aspx%3Fprid%3D53458&rfr_id=info%3Asid%2Fen.wikipedia.org%3AReserve+Bank+of+India" class="Z3988"></span></span> </li> <li id="cite_note-65"><span class="mw-cite-backlink"><b><a href="#cite_ref-65">^</a></b></span> <span class="reference-text"><link rel="mw-deduplicated-inline-style" href="mw-data:TemplateStyles:r1238218222"><cite id="CITEREFDayal2020" class="citation news cs1">Dayal, Yogesh (17 November 2020). <a rel="nofollow" class="external text" href="https://www.rbi.org.in/Scripts/BS_PressReleaseDisplay.aspx?prid=50666">"Reserve Bank Innovation Hub"</a>. Reserve Bank of India. <a rel="nofollow" class="external text" href="https://web.archive.org/web/20221106050627/https://www.rbi.org.in/Scripts/BS_PressReleaseDisplay.aspx?prid=50666">Archived</a> from the original on 6 November 2022<span class="reference-accessdate">. Retrieved <span class="nowrap">6 November</span> 2022</span>.</cite><span title="ctx_ver=Z39.88-2004&rft_val_fmt=info%3Aofi%2Ffmt%3Akev%3Amtx%3Ajournal&rft.genre=article&rft.atitle=Reserve+Bank+Innovation+Hub&rft.date=2020-11-17&rft.aulast=Dayal&rft.aufirst=Yogesh&rft_id=https%3A%2F%2Fwww.rbi.org.in%2FScripts%2FBS_PressReleaseDisplay.aspx%3Fprid%3D50666&rfr_id=info%3Asid%2Fen.wikipedia.org%3AReserve+Bank+of+India" class="Z3988"></span></span> </li> <li id="cite_note-66"><span class="mw-cite-backlink"><b><a href="#cite_ref-66">^</a></b></span> <span class="reference-text"><link rel="mw-deduplicated-inline-style" href="mw-data:TemplateStyles:r1238218222"><cite id="CITEREFMishra2022" class="citation web cs1">Mishra, Ankur (1 February 2022). <a rel="nofollow" class="external text" href="https://www.timesnownews.com/business-economy/budget-2022-digital-rupee-to-be-issued-by-rbi-in-fy23-article-89270275">"Budget 2022: Digital Rupee to be issued by RBI in FY23"</a>. <i>TimesNow</i>. <a rel="nofollow" class="external text" href="https://web.archive.org/web/20221215053143/https://www.timesnownews.com/business-economy/budget-2022-digital-rupee-to-be-issued-by-rbi-in-fy23-article-89270275">Archived</a> from the original on 15 December 2022<span class="reference-accessdate">. Retrieved <span class="nowrap">15 December</span> 2022</span>.</cite><span title="ctx_ver=Z39.88-2004&rft_val_fmt=info%3Aofi%2Ffmt%3Akev%3Amtx%3Ajournal&rft.genre=unknown&rft.jtitle=TimesNow&rft.atitle=Budget+2022%3A+Digital+Rupee+to+be+issued+by+RBI+in+FY23&rft.date=2022-02-01&rft.aulast=Mishra&rft.aufirst=Ankur&rft_id=https%3A%2F%2Fwww.timesnownews.com%2Fbusiness-economy%2Fbudget-2022-digital-rupee-to-be-issued-by-rbi-in-fy23-article-89270275&rfr_id=info%3Asid%2Fen.wikipedia.org%3AReserve+Bank+of+India" class="Z3988"></span></span> </li> <li id="cite_note-67"><span class="mw-cite-backlink"><b><a href="#cite_ref-67">^</a></b></span> <span class="reference-text"><link rel="mw-deduplicated-inline-style" href="mw-data:TemplateStyles:r1238218222"><cite class="citation web cs1"><a rel="nofollow" class="external text" href="http://www.rbi.org.in/Commonman/English/History/Scripts/anecdote3.aspx">"History of Reserve Bank"</a>. <a rel="nofollow" class="external text" href="https://web.archive.org/web/20090720075950/http://www.rbi.org.in/Commonman/English/History/Scripts/anecdote3.aspx">Archived</a> from the original on 20 July 2009<span class="reference-accessdate">. Retrieved <span class="nowrap">24 February</span> 2009</span>.</cite><span title="ctx_ver=Z39.88-2004&rft_val_fmt=info%3Aofi%2Ffmt%3Akev%3Amtx%3Abook&rft.genre=unknown&rft.btitle=History+of+Reserve+Bank&rft_id=http%3A%2F%2Fwww.rbi.org.in%2FCommonman%2FEnglish%2FHistory%2FScripts%2Fanecdote3.aspx&rfr_id=info%3Asid%2Fen.wikipedia.org%3AReserve+Bank+of+India" class="Z3988"></span></span> </li> <li id="cite_note-68"><span class="mw-cite-backlink"><b><a href="#cite_ref-68">^</a></b></span> <span class="reference-text"><link rel="mw-deduplicated-inline-style" href="mw-data:TemplateStyles:r1238218222"><cite class="citation web cs1"><a rel="nofollow" class="external text" href="https://rbidocs.rbi.org.in/rdocs/Publications/PDFs/RWF15012018_FCD40172EE58946BAA647A765DC942BD5.PDF">"RBI Functions and Working"</a> <span class="cs1-format">(PDF)</span>. <i>Reserve Bank of India</i>. 7 August 2020. <a rel="nofollow" class="external text" href="https://web.archive.org/web/20220121115159/https://rbidocs.rbi.org.in/rdocs/Publications/PDFs/RWF15012018_FCD40172EE58946BAA647A765DC942BD5.PDF">Archived</a> <span class="cs1-format">(PDF)</span> from the original on 21 January 2022<span class="reference-accessdate">. Retrieved <span class="nowrap">2 August</span> 2022</span>.</cite><span title="ctx_ver=Z39.88-2004&rft_val_fmt=info%3Aofi%2Ffmt%3Akev%3Amtx%3Ajournal&rft.genre=unknown&rft.jtitle=Reserve+Bank+of+India&rft.atitle=RBI+Functions+and+Working&rft.date=2020-08-07&rft_id=https%3A%2F%2Frbidocs.rbi.org.in%2Frdocs%2FPublications%2FPDFs%2FRWF15012018_FCD40172EE58946BAA647A765DC942BD5.PDF&rfr_id=info%3Asid%2Fen.wikipedia.org%3AReserve+Bank+of+India" class="Z3988"></span></span> </li> <li id="cite_note-RBI1-69"><span class="mw-cite-backlink"><b><a href="#cite_ref-RBI1_69-0">^</a></b></span> <span class="reference-text"><a rel="nofollow" class="external text" href="http://www.rbi.org.in/scripts/FAQView.aspx?Id=39">RBI, Frequently Asked Questions, Currency Matters</a> <a rel="nofollow" class="external text" href="https://web.archive.org/web/20120112123135/http://www.rbi.org.in/scripts/FAQView.aspx?Id=39">Archived</a> 12 January 2012 at the <a href="/wiki/Wayback_Machine" title="Wayback Machine">Wayback Machine</a> (RBI)</span> </li> <li id="cite_note-70"><span class="mw-cite-backlink"><b><a href="#cite_ref-70">^</a></b></span> <span class="reference-text"><a rel="nofollow" class="external text" href="http://rbidocs.rbi.org.in/rdocs/Publications/PDFs/86706.pdf">The Payment and Settlement Systems Act, 2007</a> <a rel="nofollow" class="external text" href="https://web.archive.org/web/20150301114355/http://rbidocs.rbi.org.in/rdocs/Publications/PDFs/86706.pdf">Archived</a> 1 March 2015 at the <a href="/wiki/Wayback_Machine" title="Wayback Machine">Wayback Machine</a>. rbi.org.in</span> </li> <li id="cite_note-71"><span class="mw-cite-backlink"><b><a href="#cite_ref-71">^</a></b></span> <span class="reference-text"><link rel="mw-deduplicated-inline-style" href="mw-data:TemplateStyles:r1238218222"><cite id="CITEREFMotiani" class="citation news cs1">Motiani, Preeti. <a rel="nofollow" class="external text" href="https://economictimes.indiatimes.com/wealth/save/transfer-money-via-neft-24x7-from-today-from-jan-1-it-will-be-free-of-cost-heres-all-you-need-to-know/articleshow/72742169.cms">"Transfer money via NEFT 24x7 from Dec 16, 2019; from Jan 1 it will be free of cost"</a>. <i>The Economic Times</i>. <a rel="nofollow" class="external text" href="https://web.archive.org/web/20210605183601/https://economictimes.indiatimes.com/wealth/save/transfer-money-via-neft-24x7-from-today-from-jan-1-it-will-be-free-of-cost-heres-all-you-need-to-know/articleshow/72742169.cms">Archived</a> from the original on 5 June 2021<span class="reference-accessdate">. Retrieved <span class="nowrap">5 June</span> 2021</span>.</cite><span title="ctx_ver=Z39.88-2004&rft_val_fmt=info%3Aofi%2Ffmt%3Akev%3Amtx%3Ajournal&rft.genre=article&rft.jtitle=The+Economic+Times&rft.atitle=Transfer+money+via+NEFT+24x7+from+Dec+16%2C+2019%3B+from+Jan+1+it+will+be+free+of+cost.&rft.aulast=Motiani&rft.aufirst=Preeti&rft_id=https%3A%2F%2Feconomictimes.indiatimes.com%2Fwealth%2Fsave%2Ftransfer-money-via-neft-24x7-from-today-from-jan-1-it-will-be-free-of-cost-heres-all-you-need-to-know%2Farticleshow%2F72742169.cms&rfr_id=info%3Asid%2Fen.wikipedia.org%3AReserve+Bank+of+India" class="Z3988"></span></span> </li> <li id="cite_note-72"><span class="mw-cite-backlink"><b><a href="#cite_ref-72">^</a></b></span> <span class="reference-text"><a rel="nofollow" class="external text" href="http://www.rbi.org.in/scripts/FAQView.aspx?Id=65">Frequently Asked Questions</a> <a rel="nofollow" class="external text" href="https://web.archive.org/web/20110902131944/http://www.rbi.org.in/scripts/FAQView.aspx?Id=65">Archived</a> 2 September 2011 at the <a href="/wiki/Wayback_Machine" title="Wayback Machine">Wayback Machine</a>. rbi.org.in (10 December 2018)</span> </li> <li id="cite_note-73"><span class="mw-cite-backlink"><b><a href="#cite_ref-73">^</a></b></span> <span class="reference-text"><link rel="mw-deduplicated-inline-style" href="mw-data:TemplateStyles:r1238218222"><cite id="CITEREFJha2019" class="citation news cs1">Jha, Somesh (27 August 2019). <a rel="nofollow" class="external text" href="https://www.business-standard.com/article/finance/after-nearly-8-decades-rbi-to-change-its-accounting-year-to-april-march-119082700038_1.html">"After nearly 8 decades, RBI to change its accounting year to April–March"</a>. <i>Business Standard India</i>. <a rel="nofollow" class="external text" href="https://web.archive.org/web/20190903115908/https://www.business-standard.com/article/finance/after-nearly-8-decades-rbi-to-change-its-accounting-year-to-april-march-119082700038_1.html">Archived</a> from the original on 3 September 2019<span class="reference-accessdate">. Retrieved <span class="nowrap">3 September</span> 2019</span>.</cite><span title="ctx_ver=Z39.88-2004&rft_val_fmt=info%3Aofi%2Ffmt%3Akev%3Amtx%3Ajournal&rft.genre=article&rft.jtitle=Business+Standard+India&rft.atitle=After+nearly+8+decades%2C+RBI+to+change+its+accounting+year+to+April%E2%80%93March&rft.date=2019-08-27&rft.aulast=Jha&rft.aufirst=Somesh&rft_id=https%3A%2F%2Fwww.business-standard.com%2Farticle%2Ffinance%2Fafter-nearly-8-decades-rbi-to-change-its-accounting-year-to-april-march-119082700038_1.html&rfr_id=info%3Asid%2Fen.wikipedia.org%3AReserve+Bank+of+India" class="Z3988"></span></span> </li> <li id="cite_note-74"><span class="mw-cite-backlink"><b><a href="#cite_ref-74">^</a></b></span> <span class="reference-text"><link rel="mw-deduplicated-inline-style" href="mw-data:TemplateStyles:r1238218222"><cite class="citation web cs1"><a rel="nofollow" class="external text" href="https://www.rbi.org.in/scripts/BS_PressReleaseDisplay.aspx?prid=50009">"Reserve Bank of India - Press Releases"</a>. <i>www.rbi.org.in</i>. <a rel="nofollow" class="external text" href="https://web.archive.org/web/20200704082302/https://www.rbi.org.in/scripts/BS_PressReleaseDisplay.aspx?prid=50009">Archived</a> from the original on 4 July 2020<span class="reference-accessdate">. Retrieved <span class="nowrap">4 July</span> 2020</span>.</cite><span title="ctx_ver=Z39.88-2004&rft_val_fmt=info%3Aofi%2Ffmt%3Akev%3Amtx%3Ajournal&rft.genre=unknown&rft.jtitle=www.rbi.org.in&rft.atitle=Reserve+Bank+of+India+-+Press+Releases&rft_id=https%3A%2F%2Fwww.rbi.org.in%2Fscripts%2FBS_PressReleaseDisplay.aspx%3Fprid%3D50009&rfr_id=info%3Asid%2Fen.wikipedia.org%3AReserve+Bank+of+India" class="Z3988"></span></span> </li> <li id="cite_note-autogenerated1-75"><span class="mw-cite-backlink">^ <a href="#cite_ref-autogenerated1_75-0"><sup><i><b>a</b></i></sup></a> <a href="#cite_ref-autogenerated1_75-1"><sup><i><b>b</b></i></sup></a></span> <span class="reference-text"><link rel="mw-deduplicated-inline-style" href="mw-data:TemplateStyles:r1238218222"><cite class="citation web cs1"><a rel="nofollow" class="external text" href="http://rbidocs.rbi.org.in/rdocs/Content/PDFs/FUNCWWE080910.pdf">"RBI, Right To Information Doc, Pg 29/30"</a> <span class="cs1-format">(PDF)</span>. <a rel="nofollow" class="external text" href="https://web.archive.org/web/20120604133548/http://rbidocs.rbi.org.in/rdocs/Content/PDFs/FUNCWWE080910.pdf">Archived</a> <span class="cs1-format">(PDF)</span> from the original on 4 June 2012<span class="reference-accessdate">. Retrieved <span class="nowrap">17 April</span> 2014</span>.</cite><span title="ctx_ver=Z39.88-2004&rft_val_fmt=info%3Aofi%2Ffmt%3Akev%3Amtx%3Abook&rft.genre=unknown&rft.btitle=RBI%2C+Right+To+Information+Doc%2C+Pg+29%2F30&rft_id=http%3A%2F%2Frbidocs.rbi.org.in%2Frdocs%2FContent%2FPDFs%2FFUNCWWE080910.pdf&rfr_id=info%3Asid%2Fen.wikipedia.org%3AReserve+Bank+of+India" class="Z3988"></span></span> </li> <li id="cite_note-76"><span class="mw-cite-backlink"><b><a href="#cite_ref-76">^</a></b></span> <span class="reference-text"><link rel="mw-deduplicated-inline-style" href="mw-data:TemplateStyles:r1238218222"><cite id="CITEREFBUREAU2024" class="citation web cs1">BUREAU, BL MUMBAI (March 2024). <a rel="nofollow" class="external text" href="https://www.thehindubusinessline.com/money-and-banking/rbi-on-2000-withdrawal-total-value-of-banknotes-in-circulation-declined-to-8470-crore-by-feb-end/article67903032.ece">"RBI on ₹2000 withdrawal: Total value of banknotes in circulation declined to ₹8,470 crore by Feb-end"</a>. <i>Business Line</i>. <a rel="nofollow" class="external text" href="https://web.archive.org/web/20240326075702/https://www.thehindubusinessline.com/money-and-banking/rbi-on-2000-withdrawal-total-value-of-banknotes-in-circulation-declined-to-8470-crore-by-feb-end/article67903032.ece">Archived</a> from the original on 26 March 2024<span class="reference-accessdate">. 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Retrieved <span class="nowrap">11 December</span> 2018</span>.</cite><span title="ctx_ver=Z39.88-2004&rft_val_fmt=info%3Aofi%2Ffmt%3Akev%3Amtx%3Abook&rft.genre=unknown&rft.btitle=Reserve+Bank+of+India+%E2%80%93+Annual+Report&rft_id=https%3A%2F%2Fwww.rbi.org.in%2Fscripts%2FAnnualReportPublications.aspx%3FId%3D1239&rfr_id=info%3Asid%2Fen.wikipedia.org%3AReserve+Bank+of+India" class="Z3988"></span></span> </li> <li id="cite_note-nagpurtoday1-80"><span class="mw-cite-backlink">^ <a href="#cite_ref-nagpurtoday1_80-0"><sup><i><b>a</b></i></sup></a> <a href="#cite_ref-nagpurtoday1_80-1"><sup><i><b>b</b></i></sup></a></span> <span class="reference-text"><link rel="mw-deduplicated-inline-style" href="mw-data:TemplateStyles:r1238218222"><cite class="citation web cs1"><a rel="nofollow" class="external text" href="https://www.nagpurtoday.in/old-gold-lying-in-nagpur-may-boost-forex-as-rbi-plans-to-swap-the-metal-with-purer-stuff/07022015">"Old gold lying in Nagpur may boost forex as RBI plans to swap the metal with purer stuff"</a>. 2 July 2014. <a rel="nofollow" class="external text" href="https://web.archive.org/web/20190330210430/https://www.nagpurtoday.in/old-gold-lying-in-nagpur-may-boost-forex-as-rbi-plans-to-swap-the-metal-with-purer-stuff/07022015">Archived</a> from the original on 30 March 2019<span class="reference-accessdate">. Retrieved <span class="nowrap">11 December</span> 2018</span>.</cite><span title="ctx_ver=Z39.88-2004&rft_val_fmt=info%3Aofi%2Ffmt%3Akev%3Amtx%3Abook&rft.genre=unknown&rft.btitle=Old+gold+lying+in+Nagpur+may+boost+forex+as+RBI+plans+to+swap+the+metal+with+purer+stuff&rft.date=2014-07-02&rft_id=https%3A%2F%2Fwww.nagpurtoday.in%2Fold-gold-lying-in-nagpur-may-boost-forex-as-rbi-plans-to-swap-the-metal-with-purer-stuff%2F07022015&rfr_id=info%3Asid%2Fen.wikipedia.org%3AReserve+Bank+of+India" class="Z3988"></span></span> </li> <li id="cite_note-81"><span class="mw-cite-backlink"><b><a href="#cite_ref-81">^</a></b></span> <span class="reference-text"><link rel="mw-deduplicated-inline-style" href="mw-data:TemplateStyles:r1238218222"><cite class="citation web cs1"><a rel="nofollow" class="external text" href="http://www.rbi.org.in/">"Reserve Bank of India – India's Central Bank"</a>. <i>rbi.org.in</i>. <a rel="nofollow" class="external text" href="https://web.archive.org/web/20101219113959/http://rbi.org.in/">Archived</a> from the original on 19 December 2010<span class="reference-accessdate">. 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Retrieved <span class="nowrap">8 July</span> 2012</span>.</cite><span title="ctx_ver=Z39.88-2004&rft_val_fmt=info%3Aofi%2Ffmt%3Akev%3Amtx%3Ajournal&rft.genre=article&rft.jtitle=The+Times+of+India&rft.atitle=RBI+launches+website+to+explain+detection+of+fake+currency&rft.date=2012-07-08&rft_id=http%3A%2F%2Ftimesofindia.indiatimes.com%2Fbusiness%2Findia-business%2FRBI-launches-website-to-explain-detection-of-fake-currency%2Farticleshow%2F14742791.cms&rfr_id=info%3Asid%2Fen.wikipedia.org%3AReserve+Bank+of+India" class="Z3988"></span></span> </li> <li id="cite_note-83"><span class="mw-cite-backlink"><b><a href="#cite_ref-83">^</a></b></span> <span class="reference-text"><link rel="mw-deduplicated-inline-style" href="mw-data:TemplateStyles:r1238218222"><cite class="citation web cs1"><a rel="nofollow" class="external text" href="http://rbi.org.in/scripts/BS_PressReleaseDisplay.aspx?prid=30458">"Reserve Bank of India"</a>. <i>rbi.org.in</i>. <a rel="nofollow" class="external text" href="https://web.archive.org/web/20140129134817/http://rbi.org.in/scripts/BS_PressReleaseDisplay.aspx?prid=30458">Archived</a> from the original on 29 January 2014<span class="reference-accessdate">. Retrieved <span class="nowrap">22 January</span> 2014</span>.</cite><span title="ctx_ver=Z39.88-2004&rft_val_fmt=info%3Aofi%2Ffmt%3Akev%3Amtx%3Ajournal&rft.genre=unknown&rft.jtitle=rbi.org.in&rft.atitle=Reserve+Bank+of+India&rft_id=http%3A%2F%2Frbi.org.in%2Fscripts%2FBS_PressReleaseDisplay.aspx%3Fprid%3D30458&rfr_id=info%3Asid%2Fen.wikipedia.org%3AReserve+Bank+of+India" class="Z3988"></span></span> </li> <li id="cite_note-84"><span class="mw-cite-backlink"><b><a href="#cite_ref-84">^</a></b></span> <span class="reference-text"><link rel="mw-deduplicated-inline-style" href="mw-data:TemplateStyles:r1238218222"><cite id="CITEREFDasBhattacharya2008" class="citation journal cs1">Das, Samarjit; Bhattacharya, Kaushik (2008). 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Livemint.com. <a rel="nofollow" class="external text" href="https://web.archive.org/web/20211011062535/https://www.livemint.com/industry/banking/rbi-warned-of-demonetisation-impact-on-indian-economy-no-effect-on-black-money-1552309636104.html">Archived</a> from the original on 11 October 2021<span class="reference-accessdate">. Retrieved <span class="nowrap">9 February</span> 2022</span>.</cite><span title="ctx_ver=Z39.88-2004&rft_val_fmt=info%3Aofi%2Ffmt%3Akev%3Amtx%3Abook&rft.genre=unknown&rft.btitle=RBI+warned+of+demonetisation+impact+on+Indian+economy%2C+no+effect+on+black+money&rft.pub=Livemint.com&rft.date=2019-03-11&rft.au=PTI&rft_id=https%3A%2F%2Fwww.livemint.com%2Findustry%2Fbanking%2Frbi-warned-of-demonetisation-impact-on-indian-economy-no-effect-on-black-money-1552309636104.html&rfr_id=info%3Asid%2Fen.wikipedia.org%3AReserve+Bank+of+India" class="Z3988"></span></span> </li> <li id="cite_note-withdrawaloflegal2-86"><span class="mw-cite-backlink"><b><a href="#cite_ref-withdrawaloflegal2_86-0">^</a></b></span> <span class="reference-text"><link rel="mw-deduplicated-inline-style" href="mw-data:TemplateStyles:r1238218222"><cite class="citation web cs1"><a rel="nofollow" class="external text" href="https://rbi.org.in/Scripts/BS_PressReleaseDisplay.aspx?prid=38520">"Withdrawal of Legal Tender Status for ₹ 500 and ₹ 1000 Notes: RBI Notice (Revised)"</a>. Reserve Bank of India. 8 November 2016. <a rel="nofollow" class="external text" href="https://web.archive.org/web/20201116214504/https://www.rbi.org.in/Scripts/BS_PressReleaseDisplay.aspx?prid=38520">Archived</a> from the original on 16 November 2020<span class="reference-accessdate">. Retrieved <span class="nowrap">8 November</span> 2016</span>.</cite><span title="ctx_ver=Z39.88-2004&rft_val_fmt=info%3Aofi%2Ffmt%3Akev%3Amtx%3Abook&rft.genre=unknown&rft.btitle=Withdrawal+of+Legal+Tender+Status+for+%E2%82%B9+500+and+%E2%82%B9+1000+Notes%3A+RBI+Notice+%28Revised%29&rft.pub=Reserve+Bank+of+India&rft.date=2016-11-08&rft_id=https%3A%2F%2Frbi.org.in%2FScripts%2FBS_PressReleaseDisplay.aspx%3Fprid%3D38520&rfr_id=info%3Asid%2Fen.wikipedia.org%3AReserve+Bank+of+India" class="Z3988"></span></span> </li> <li id="cite_note-India_Today2-87"><span class="mw-cite-backlink"><b><a href="#cite_ref-India_Today2_87-0">^</a></b></span> <span class="reference-text"><link rel="mw-deduplicated-inline-style" href="mw-data:TemplateStyles:r1238218222"><cite class="citation web cs1"><a rel="nofollow" class="external text" href="http://indiatoday.intoday.in/story/live-pm-narendra-modi-addresses-nation/1/805755.html">"Here is what PM Modi said about the new Rs 500, Rs 2000 notes and black money"</a>. <i>India Today</i>. 8 November 2016. <a rel="nofollow" class="external text" href="https://web.archive.org/web/20161108230421/http://indiatoday.intoday.in/story/live-pm-narendra-modi-addresses-nation/1/805755.html">Archived</a> from the original on 8 November 2016<span class="reference-accessdate">. Retrieved <span class="nowrap">9 November</span> 2016</span>.</cite><span title="ctx_ver=Z39.88-2004&rft_val_fmt=info%3Aofi%2Ffmt%3Akev%3Amtx%3Ajournal&rft.genre=unknown&rft.jtitle=India+Today&rft.atitle=Here+is+what+PM+Modi+said+about+the+new+Rs+500%2C+Rs+2000+notes+and+black+money&rft.date=2016-11-08&rft_id=http%3A%2F%2Findiatoday.intoday.in%2Fstory%2Flive-pm-narendra-modi-addresses-nation%2F1%2F805755.html&rfr_id=info%3Asid%2Fen.wikipedia.org%3AReserve+Bank+of+India" class="Z3988"></span></span> </li> <li id="cite_note-88"><span class="mw-cite-backlink"><b><a href="#cite_ref-88">^</a></b></span> <span class="reference-text"><link rel="mw-deduplicated-inline-style" href="mw-data:TemplateStyles:r1238218222"><cite class="citation web cs1"><a rel="nofollow" class="external text" href="http://timesofindia.indiatimes.com/india/Rs-500-and-Rs-1000-notes-pulled-out-of-circulation-immediately-PM-Narendra-Modi/articleshow/55315473.cms">"Notes out of circulation"</a>. <i>The Times of India</i>. 8 November 2016. <a rel="nofollow" class="external text" href="https://web.archive.org/web/20201108161430/https://timesofindia.indiatimes.com/india/Rs-500-and-Rs-1000-notes-pulled-out-of-circulation-immediately-PM-Narendra-Modi/articleshow/55315473.cms">Archived</a> from the original on 8 November 2020<span class="reference-accessdate">. Retrieved <span class="nowrap">13 February</span> 2021</span>.</cite><span title="ctx_ver=Z39.88-2004&rft_val_fmt=info%3Aofi%2Ffmt%3Akev%3Amtx%3Ajournal&rft.genre=unknown&rft.jtitle=The+Times+of+India&rft.atitle=Notes+out+of+circulation&rft.date=2016-11-08&rft_id=http%3A%2F%2Ftimesofindia.indiatimes.com%2Findia%2FRs-500-and-Rs-1000-notes-pulled-out-of-circulation-immediately-PM-Narendra-Modi%2Farticleshow%2F55315473.cms&rfr_id=info%3Asid%2Fen.wikipedia.org%3AReserve+Bank+of+India" class="Z3988"></span></span> </li> <li id="cite_note-revisedguidelines-89"><span class="mw-cite-backlink">^ <a href="#cite_ref-revisedguidelines_89-0"><sup><i><b>a</b></i></sup></a> <a href="#cite_ref-revisedguidelines_89-1"><sup><i><b>b</b></i></sup></a> <a href="#cite_ref-revisedguidelines_89-2"><sup><i><b>c</b></i></sup></a></span> <span class="reference-text"><link rel="mw-deduplicated-inline-style" href="mw-data:TemplateStyles:r1238218222"><cite class="citation web cs1"><a rel="nofollow" class="external text" href="https://web.archive.org/web/20161114012438/http://finmin.nic.in/press_room/2016/MoF_reviewed_availability_distribution_Notes.pdf">"Finance Ministry has reviewed the position regarding availability and distribution of all denominations of bank notes"</a> <span class="cs1-format">(PDF)</span>. <i>Ministry of Finance, Government of India</i>. 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Retrieved <span class="nowrap">13 November</span> 2016</span>.</cite><span title="ctx_ver=Z39.88-2004&rft_val_fmt=info%3Aofi%2Ffmt%3Akev%3Amtx%3Ajournal&rft.genre=unknown&rft.jtitle=Ministry+of+Finance%2C+Government+of+India&rft.atitle=Finance+Ministry+has+reviewed+the+position+regarding+availability+and+distribution+of+all+denominations+of+bank+notes&rft_id=http%3A%2F%2Ffinmin.nic.in%2Fpress_room%2F2016%2FMoF_reviewed_availability_distribution_Notes.pdf&rfr_id=info%3Asid%2Fen.wikipedia.org%3AReserve+Bank+of+India" class="Z3988"></span></span> </li> <li id="cite_note-rbirevision-90"><span class="mw-cite-backlink">^ <a href="#cite_ref-rbirevision_90-0"><sup><i><b>a</b></i></sup></a> <a href="#cite_ref-rbirevision_90-1"><sup><i><b>b</b></i></sup></a> <a href="#cite_ref-rbirevision_90-2"><sup><i><b>c</b></i></sup></a></span> <span class="reference-text"><link rel="mw-deduplicated-inline-style" href="mw-data:TemplateStyles:r1238218222"><cite class="citation web cs1"><a rel="nofollow" class="external text" href="https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=10706&Mode=0">"Withdrawal of Legal Tender Character of existing ₹ 500/- and ₹ 1000/- Bank Notes – Revision in limits"</a>. Reserve Bank of India. <a rel="nofollow" class="external text" href="https://web.archive.org/web/20210105205543/https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=10706&Mode=0">Archived</a> from the original on 5 January 2021<span class="reference-accessdate">. Retrieved <span class="nowrap">13 November</span> 2016</span>.</cite><span title="ctx_ver=Z39.88-2004&rft_val_fmt=info%3Aofi%2Ffmt%3Akev%3Amtx%3Abook&rft.genre=unknown&rft.btitle=Withdrawal+of+Legal+Tender+Character+of+existing+%E2%82%B9+500%2F-+and+%E2%82%B9+1000%2F-+Bank+Notes+%E2%80%93+Revision+in+limits&rft.pub=Reserve+Bank+of+India&rft_id=https%3A%2F%2Fwww.rbi.org.in%2FScripts%2FNotificationUser.aspx%3FId%3D10706%26Mode%3D0&rfr_id=info%3Asid%2Fen.wikipedia.org%3AReserve+Bank+of+India" class="Z3988"></span></span> </li> <li id="cite_note-:1-91"><span class="mw-cite-backlink">^ <a href="#cite_ref-:1_91-0"><sup><i><b>a</b></i></sup></a> <a href="#cite_ref-:1_91-1"><sup><i><b>b</b></i></sup></a></span> <span class="reference-text"><link rel="mw-deduplicated-inline-style" href="mw-data:TemplateStyles:r1238218222"><cite class="citation web cs1"><a rel="nofollow" class="external text" href="https://web.archive.org/web/20161117213433/http://finmin.nic.in/press_room/2016/Govt_decisions_on_oldNotes17112016.pdf">"The Central Government takes several decisions to facilitate farmers, small traders, Group 'C' Employees of Central Government including equivalent levels in the Defence and Para Military Forces, Railways and Central Public Sector Enterprises in the aftermath of the cancellation of the legal tender character of the old Rs. 500 and Rs. 1000 notes; Also decides to reduce the limit of exchange of old Rs. 500/- and Rs. 1000/- notes across the counter in banks from Rs. 4500/- to Rs. 2000/-with effect from 18th November, 2016"</a> <span class="cs1-format">(PDF)</span>. <i>Ministry of Finance, Government of India</i>. Archived from <a rel="nofollow" class="external text" href="http://finmin.nic.in/press_room/2016/Govt_decisions_on_oldNotes17112016.pdf">the original</a> <span class="cs1-format">(PDF)</span> on 17 November 2016<span class="reference-accessdate">. Retrieved <span class="nowrap">17 November</span> 2016</span>.</cite><span title="ctx_ver=Z39.88-2004&rft_val_fmt=info%3Aofi%2Ffmt%3Akev%3Amtx%3Ajournal&rft.genre=unknown&rft.jtitle=Ministry+of+Finance%2C+Government+of+India&rft.atitle=The+Central+Government+takes+several+decisions+to+facilitate+farmers%2C+small+traders%2C+Group+%27C%27+Employees+of+Central+Government+including+equivalent+levels+in+the+Defence+and+Para+Military+Forces%2C+Railways+and+Central+Public+Sector+Enterprises+in+the+aftermath+of+the+cancellation+of+the+legal+tender+character+of+the+old+Rs.+500+and+Rs.+1000+notes%3B+Also+decides+to+reduce+the+limit+of+exchange+of+old+Rs.+500%2F-+and+Rs.+1000%2F-+notes+across+the+counter+in+banks+from+Rs.+4500%2F-+to+Rs.+2000%2F-with+effect+from+18th+November%2C+2016.&rft_id=http%3A%2F%2Ffinmin.nic.in%2Fpress_room%2F2016%2FGovt_decisions_on_oldNotes17112016.pdf&rfr_id=info%3Asid%2Fen.wikipedia.org%3AReserve+Bank+of+India" class="Z3988"></span></span> </li> <li id="cite_note-92"><span class="mw-cite-backlink"><b><a href="#cite_ref-92">^</a></b></span> <span class="reference-text"><link rel="mw-deduplicated-inline-style" href="mw-data:TemplateStyles:r1238218222"><cite id="CITEREFVerma2016" class="citation web cs1">Verma, Sunny (25 November 2016). <a rel="nofollow" class="external text" href="https://indianexpress.com/article/india/india-news-india/pm-modi-said-exchange-limit-to-be-hiked-after-november-24-exchange-stopped-4393985/">"All note exchange stopped from today, PM Modi goes back on promise of hike after November 24"</a>. <i>The Indian Express</i>. <a rel="nofollow" class="external text" href="https://web.archive.org/web/20200605173017/https://indianexpress.com/article/india/india-news-india/pm-modi-said-exchange-limit-to-be-hiked-after-november-24-exchange-stopped-4393985/">Archived</a> from the original on 5 June 2020<span class="reference-accessdate">. Retrieved <span class="nowrap">5 June</span> 2020</span>.</cite><span title="ctx_ver=Z39.88-2004&rft_val_fmt=info%3Aofi%2Ffmt%3Akev%3Amtx%3Ajournal&rft.genre=unknown&rft.jtitle=The+Indian+Express&rft.atitle=All+note+exchange+stopped+from+today%2C+PM+Modi+goes+back+on+promise+of+hike+after+November+24&rft.date=2016-11-25&rft.aulast=Verma&rft.aufirst=Sunny&rft_id=https%3A%2F%2Findianexpress.com%2Farticle%2Findia%2Findia-news-india%2Fpm-modi-said-exchange-limit-to-be-hiked-after-november-24-exchange-stopped-4393985%2F&rfr_id=info%3Asid%2Fen.wikipedia.org%3AReserve+Bank+of+India" class="Z3988"></span></span> </li> <li id="cite_note-ATMsnotdispensing-93"><span class="mw-cite-backlink"><b><a href="#cite_ref-ATMsnotdispensing_93-0">^</a></b></span> <span class="reference-text"><link rel="mw-deduplicated-inline-style" href="mw-data:TemplateStyles:r1238218222"><cite class="citation web cs1"><a rel="nofollow" class="external text" href="https://rbi.org.in/Scripts/NotificationUser.aspx?Id=10683&Mode=0">"ATMs –Non-dispensing of Old High Denomination Notes – Closure of operations"</a>. Reserve Bank of India. 8 November 2016. <a rel="nofollow" class="external text" href="https://web.archive.org/web/20210105205547/https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=10683&Mode=0">Archived</a> from the original on 5 January 2021<span class="reference-accessdate">. Retrieved <span class="nowrap">8 November</span> 2016</span>.</cite><span title="ctx_ver=Z39.88-2004&rft_val_fmt=info%3Aofi%2Ffmt%3Akev%3Amtx%3Abook&rft.genre=unknown&rft.btitle=ATMs+%E2%80%93Non-dispensing+of+Old+High+Denomination+Notes+%E2%80%93+Closure+of+operations&rft.pub=Reserve+Bank+of+India&rft.date=2016-11-08&rft_id=https%3A%2F%2Frbi.org.in%2FScripts%2FNotificationUser.aspx%3FId%3D10683%26Mode%3D0&rfr_id=info%3Asid%2Fen.wikipedia.org%3AReserve+Bank+of+India" class="Z3988"></span></span> </li> <li id="cite_note-94"><span class="mw-cite-backlink"><b><a href="#cite_ref-94">^</a></b></span> <span class="reference-text"><link rel="mw-deduplicated-inline-style" href="mw-data:TemplateStyles:r1238218222"><cite class="citation news cs1"><a rel="nofollow" class="external text" href="http://www.thehindu.com/news/national/demonetisation-move-secretary-economic-affairs-shaktikanta-das-press-conference-in-new-delhi/article9343621.ece">"Govt extends old notes exemption deadline to midnight Nov 24"</a>. <i>The Hindu</i>. <a rel="nofollow" class="external text" href="https://web.archive.org/web/20161118154728/http://www.thehindu.com/news/national/demonetisation-move-secretary-economic-affairs-shaktikanta-das-press-conference-in-new-delhi/article9343621.ece">Archived</a> from the original on 18 November 2016<span class="reference-accessdate">. Retrieved <span class="nowrap">14 November</span> 2016</span>.</cite><span title="ctx_ver=Z39.88-2004&rft_val_fmt=info%3Aofi%2Ffmt%3Akev%3Amtx%3Ajournal&rft.genre=article&rft.jtitle=The+Hindu&rft.atitle=Govt+extends+old+notes+exemption+deadline+to+midnight+Nov+24&rft_id=http%3A%2F%2Fwww.thehindu.com%2Fnews%2Fnational%2Fdemonetisation-move-secretary-economic-affairs-shaktikanta-das-press-conference-in-new-delhi%2Farticle9343621.ece&rfr_id=info%3Asid%2Fen.wikipedia.org%3AReserve+Bank+of+India" class="Z3988"></span></span> </li> <li id="cite_note-95"><span class="mw-cite-backlink"><b><a href="#cite_ref-95">^</a></b></span> <span class="reference-text"><link rel="mw-deduplicated-inline-style" href="mw-data:TemplateStyles:r1238218222"><cite class="citation web cs1"><a rel="nofollow" class="external text" href="https://www.rbi.org.in/Scripts/FAQView.aspx?Id=119">"FAQs on Withdrawal of Legal Tender Character of the existing Bank Notes in the denominations of ₹ 500/- and ₹ 1000/-"</a>. Reserve Bank of India. <a rel="nofollow" class="external text" href="https://web.archive.org/web/20161113180038/https://www.rbi.org.in/Scripts/FAQView.aspx?Id=119">Archived</a> from the original on 13 November 2016<span class="reference-accessdate">. Retrieved <span class="nowrap">13 November</span> 2016</span>.</cite><span title="ctx_ver=Z39.88-2004&rft_val_fmt=info%3Aofi%2Ffmt%3Akev%3Amtx%3Abook&rft.genre=unknown&rft.btitle=FAQs+on+Withdrawal+of+Legal+Tender+Character+of+the+existing+Bank+Notes+in+the+denominations+of+%E2%82%B9+500%2F-+and+%E2%82%B9+1000%2F-&rft.pub=Reserve+Bank+of+India&rft_id=https%3A%2F%2Fwww.rbi.org.in%2FScripts%2FFAQView.aspx%3FId%3D119&rfr_id=info%3Asid%2Fen.wikipedia.org%3AReserve+Bank+of+India" class="Z3988"></span></span> </li> <li id="cite_note-96"><span class="mw-cite-backlink"><b><a href="#cite_ref-96">^</a></b></span> <span class="reference-text"><link rel="mw-deduplicated-inline-style" href="mw-data:TemplateStyles:r1238218222"><cite class="citation news cs1"><a rel="nofollow" class="external text" href="http://economictimes.indiatimes.com/news/economy/policy/outlets-that-will-accept-rs-1000-and-rs-500-notes-in-next-72-hours/articleshow/55317768.cms">"Outlets that will accept Rs 1,000 and Rs 500 notes in next 72 hours"</a>. <i>The Economic Times</i>. 8 November 2016. <a rel="nofollow" class="external text" href="https://web.archive.org/web/20181225050125/https://economictimes.indiatimes.com/news/economy/policy/outlets-that-will-accept-rs-1000-and-rs-500-notes-in-next-72-hours/articleshow/55317768.cms%20">Archived</a> from the original on 25 December 2018<span class="reference-accessdate">. Retrieved <span class="nowrap">9 November</span> 2016</span>.</cite><span title="ctx_ver=Z39.88-2004&rft_val_fmt=info%3Aofi%2Ffmt%3Akev%3Amtx%3Ajournal&rft.genre=article&rft.jtitle=The+Economic+Times&rft.atitle=Outlets+that+will+accept+Rs+1%2C000+and+Rs+500+notes+in+next+72+hours&rft.date=2016-11-08&rft_id=http%3A%2F%2Feconomictimes.indiatimes.com%2Fnews%2Feconomy%2Fpolicy%2Foutlets-that-will-accept-rs-1000-and-rs-500-notes-in-next-72-hours%2Farticleshow%2F55317768.cms&rfr_id=info%3Asid%2Fen.wikipedia.org%3AReserve+Bank+of+India" class="Z3988"></span></span> </li> <li id="cite_note-97"><span class="mw-cite-backlink"><b><a href="#cite_ref-97">^</a></b></span> <span class="reference-text"><link rel="mw-deduplicated-inline-style" href="mw-data:TemplateStyles:r1238218222"><cite class="citation web cs1"><a rel="nofollow" class="external text" href="http://indiatoday.intoday.in/story/demonetisation-weddings-shaktikanta-das-government-economic-affairs-secretary/1/812730.html">"Demonetisation rule modified, families can withdraw Rs 2.5 lakh for weddings from one account"</a>. <i>India Today</i>. 17 November 2016. <a rel="nofollow" class="external text" href="https://web.archive.org/web/20171209200913/http://indiatoday.intoday.in/story/demonetisation-weddings-shaktikanta-das-government-economic-affairs-secretary/1/812730.html">Archived</a> from the original on 9 December 2017<span class="reference-accessdate">. Retrieved <span class="nowrap">17 November</span> 2016</span>.</cite><span title="ctx_ver=Z39.88-2004&rft_val_fmt=info%3Aofi%2Ffmt%3Akev%3Amtx%3Ajournal&rft.genre=unknown&rft.jtitle=India+Today&rft.atitle=Demonetisation+rule+modified%2C+families+can+withdraw+Rs+2.5+lakh+for+weddings+from+one+account&rft.date=2016-11-17&rft_id=http%3A%2F%2Findiatoday.intoday.in%2Fstory%2Fdemonetisation-weddings-shaktikanta-das-government-economic-affairs-secretary%2F1%2F812730.html&rfr_id=info%3Asid%2Fen.wikipedia.org%3AReserve+Bank+of+India" class="Z3988"></span></span> </li> <li id="cite_note-dryatm-98"><span class="mw-cite-backlink"><b><a href="#cite_ref-dryatm_98-0">^</a></b></span> <span class="reference-text"><link rel="mw-deduplicated-inline-style" href="mw-data:TemplateStyles:r1238218222"><cite class="citation web cs1"><a rel="nofollow" class="external text" href="http://www.aljazeera.com/news/2016/11/india-demonetisation-chaos-atms-run-dry-161109061403011.html">"India demonetisation: Chaos as ATMs run dry"</a>. <a href="/wiki/Al_Jazeera_Arabic" title="Al Jazeera Arabic">Al Jazeera</a>. <a rel="nofollow" class="external text" href="https://web.archive.org/web/20161110164223/http://www.aljazeera.com/news/2016/11/india-demonetisation-chaos-atms-run-dry-161109061403011.html">Archived</a> from the original on 10 November 2016<span class="reference-accessdate">. Retrieved <span class="nowrap">9 November</span> 2016</span>.</cite><span title="ctx_ver=Z39.88-2004&rft_val_fmt=info%3Aofi%2Ffmt%3Akev%3Amtx%3Abook&rft.genre=unknown&rft.btitle=India+demonetisation%3A+Chaos+as+ATMs+run+dry&rft.pub=Al+Jazeera&rft_id=http%3A%2F%2Fwww.aljazeera.com%2Fnews%2F2016%2F11%2Findia-demonetisation-chaos-atms-run-dry-161109061403011.html&rfr_id=info%3Asid%2Fen.wikipedia.org%3AReserve+Bank+of+India" class="Z3988"></span></span> </li> <li id="cite_note-IEchaos-99"><span class="mw-cite-backlink">^ <a href="#cite_ref-IEchaos_99-0"><sup><i><b>a</b></i></sup></a> <a href="#cite_ref-IEchaos_99-1"><sup><i><b>b</b></i></sup></a></span> <span class="reference-text"><link rel="mw-deduplicated-inline-style" href="mw-data:TemplateStyles:r1238218222"><cite class="citation web cs1"><a rel="nofollow" class="external text" href="http://indianexpress.com/article/india/india-news-india/demonetisation-chaos-grows-queues-get-longer-at-banks-atms-on-weekend-4371373/">"Demonetisation: Chaos grows, queues get longer at banks, ATMs on weekend"</a>. 12 November 2016. <a rel="nofollow" class="external text" href="https://web.archive.org/web/20170204213631/http://indianexpress.com/article/india/india-news-india/demonetisation-chaos-grows-queues-get-longer-at-banks-atms-on-weekend-4371373/">Archived</a> from the original on 4 February 2017<span class="reference-accessdate">. Retrieved <span class="nowrap">21 July</span> 2018</span>.</cite><span title="ctx_ver=Z39.88-2004&rft_val_fmt=info%3Aofi%2Ffmt%3Akev%3Amtx%3Abook&rft.genre=unknown&rft.btitle=Demonetisation%3A+Chaos+grows%2C+queues+get+longer+at+banks%2C+ATMs+on+weekend&rft.date=2016-11-12&rft_id=http%3A%2F%2Findianexpress.com%2Farticle%2Findia%2Findia-news-india%2Fdemonetisation-chaos-grows-queues-get-longer-at-banks-atms-on-weekend-4371373%2F&rfr_id=info%3Asid%2Fen.wikipedia.org%3AReserve+Bank+of+India" class="Z3988"></span></span> </li> <li id="cite_note-Aljazeera-1-100"><span class="mw-cite-backlink"><b><a href="#cite_ref-Aljazeera-1_100-0">^</a></b></span> <span class="reference-text"><link rel="mw-deduplicated-inline-style" href="mw-data:TemplateStyles:r1238218222"><cite class="citation web cs1"><a rel="nofollow" class="external text" href="http://www.aljazeera.com/news/2016/11/india-demonetisation-takes-toll-poor-161116172745225.html">"India: Demonetisation takes its toll on the poor"</a>. <a href="/wiki/Al_Jazeera_Arabic" title="Al Jazeera Arabic">Al Jazeera</a>. 16 November 2016. <a rel="nofollow" class="external text" href="https://web.archive.org/web/20161117012410/http://www.aljazeera.com/news/2016/11/india-demonetisation-takes-toll-poor-161116172745225.html">Archived</a> from the original on 17 November 2016<span class="reference-accessdate">. Retrieved <span class="nowrap">17 November</span> 2016</span>.</cite><span title="ctx_ver=Z39.88-2004&rft_val_fmt=info%3Aofi%2Ffmt%3Akev%3Amtx%3Abook&rft.genre=unknown&rft.btitle=India%3A+Demonetisation+takes+its+toll+on+the+poor&rft.pub=Al+Jazeera&rft.date=2016-11-16&rft_id=http%3A%2F%2Fwww.aljazeera.com%2Fnews%2F2016%2F11%2Findia-demonetisation-takes-toll-poor-161116172745225.html&rfr_id=info%3Asid%2Fen.wikipedia.org%3AReserve+Bank+of+India" class="Z3988"></span></span> </li> <li id="cite_note-101"><span class="mw-cite-backlink"><b><a href="#cite_ref-101">^</a></b></span> <span class="reference-text"><link rel="mw-deduplicated-inline-style" href="mw-data:TemplateStyles:r1238218222"><cite class="citation web cs1"><a rel="nofollow" class="external text" href="https://www.newindianexpress.com/cities/delhi/2016/nov/13/demonetisation-sporadic-violence-in-delhi-cops-receive-45k-calls-1538063.html">"Demonetisation: Sporadic violence in Delhi, cops receive 4.5K calls"</a>. <i>The New Indian Express</i>. 13 November 2016. <a rel="nofollow" class="external text" href="https://web.archive.org/web/20210105210142/https://www.newindianexpress.com/cities/delhi/2016/nov/13/demonetisation-sporadic-violence-in-delhi-cops-receive-45k-calls-1538063.html">Archived</a> from the original on 5 January 2021<span class="reference-accessdate">. Retrieved <span class="nowrap">21 July</span> 2018</span>.</cite><span title="ctx_ver=Z39.88-2004&rft_val_fmt=info%3Aofi%2Ffmt%3Akev%3Amtx%3Ajournal&rft.genre=unknown&rft.jtitle=The+New+Indian+Express&rft.atitle=Demonetisation%3A+Sporadic+violence+in+Delhi%2C+cops+receive+4.5K+calls&rft.date=2016-11-13&rft_id=https%3A%2F%2Fwww.newindianexpress.com%2Fcities%2Fdelhi%2F2016%2Fnov%2F13%2Fdemonetisation-sporadic-violence-in-delhi-cops-receive-45k-calls-1538063.html&rfr_id=info%3Asid%2Fen.wikipedia.org%3AReserve+Bank+of+India" class="Z3988"></span></span> </li> <li id="cite_note-102"><span class="mw-cite-backlink"><b><a href="#cite_ref-102">^</a></b></span> <span class="reference-text"><link rel="mw-deduplicated-inline-style" href="mw-data:TemplateStyles:r1238218222"><cite class="citation news cs1"><a rel="nofollow" class="external text" href="http://timesofindia.indiatimes.com/city/bareilly/Unrest-erupts-in-UP-towns-as-cashless-crowds-vent-ire-on-bank-staff/articleshow/55528509.cms">"Unrest erupts in UP towns as cashless crowds vent ire on bank staff"</a>. <i><a href="/wiki/The_Times_of_India" title="The Times of India">The Times of India</a></i>. 20 November 2016. <a rel="nofollow" class="external text" href="https://web.archive.org/web/20191214114014/https://timesofindia.indiatimes.com/city/bareilly/Unrest-erupts-in-UP-towns-as-cashless-crowds-vent-ire-on-bank-staff/articleshow/55528509.cms">Archived</a> from the original on 14 December 2019<span class="reference-accessdate">. Retrieved <span class="nowrap">24 November</span> 2016</span>.</cite><span title="ctx_ver=Z39.88-2004&rft_val_fmt=info%3Aofi%2Ffmt%3Akev%3Amtx%3Ajournal&rft.genre=article&rft.jtitle=The+Times+of+India&rft.atitle=Unrest+erupts+in+UP+towns+as+cashless+crowds+vent+ire+on+bank+staff&rft.date=2016-11-20&rft_id=http%3A%2F%2Ftimesofindia.indiatimes.com%2Fcity%2Fbareilly%2FUnrest-erupts-in-UP-towns-as-cashless-crowds-vent-ire-on-bank-staff%2Farticleshow%2F55528509.cms&rfr_id=info%3Asid%2Fen.wikipedia.org%3AReserve+Bank+of+India" class="Z3988"></span></span> </li> <li id="cite_note-103"><span class="mw-cite-backlink"><b><a href="#cite_ref-103">^</a></b></span> <span class="reference-text"><link rel="mw-deduplicated-inline-style" href="mw-data:TemplateStyles:r1238218222"><cite class="citation web cs1"><a rel="nofollow" class="external text" href="http://www.india.com/news/india/demonetisation-effect-atm-vandalism-on-rise-1652843/">"Demonetisation effect: ATM vandalism on rise"</a>. 18 November 2016. <a rel="nofollow" class="external text" href="https://web.archive.org/web/20210105210147/https://www.india.com/news/india/demonetisation-effect-atm-vandalism-on-rise-1652843/">Archived</a> from the original on 5 January 2021<span class="reference-accessdate">. Retrieved <span class="nowrap">24 November</span> 2016</span>.</cite><span title="ctx_ver=Z39.88-2004&rft_val_fmt=info%3Aofi%2Ffmt%3Akev%3Amtx%3Abook&rft.genre=unknown&rft.btitle=Demonetisation+effect%3A+ATM+vandalism+on+rise&rft.date=2016-11-18&rft_id=http%3A%2F%2Fwww.india.com%2Fnews%2Findia%2Fdemonetisation-effect-atm-vandalism-on-rise-1652843%2F&rfr_id=info%3Asid%2Fen.wikipedia.org%3AReserve+Bank+of+India" class="Z3988"></span></span> </li> <li id="cite_note-104"><span class="mw-cite-backlink"><b><a href="#cite_ref-104">^</a></b></span> <span class="reference-text"><link rel="mw-deduplicated-inline-style" href="mw-data:TemplateStyles:r1238218222"><cite class="citation news cs1"><a rel="nofollow" class="external text" href="http://www.thehindu.com/news/cities/Kochi/no-cash-frustrated-man-smashes-atm-glass-wall/article9340047.ece">"No cash: 'frustrated' man smashes ATM glass wall"</a>. <i>The Hindu</i>. 13 November 2016. <a rel="nofollow" class="external text" href="https://web.archive.org/web/20220209124829/https://www.thehindu.com/news/cities/Kochi/No-cash-%E2%80%98frustrated%E2%80%99-man-smashes-ATM-glass-wall/article16444404.ece">Archived</a> from the original on 9 February 2022<span class="reference-accessdate">. Retrieved <span class="nowrap">21 July</span> 2018</span>.</cite><span title="ctx_ver=Z39.88-2004&rft_val_fmt=info%3Aofi%2Ffmt%3Akev%3Amtx%3Ajournal&rft.genre=article&rft.jtitle=The+Hindu&rft.atitle=No+cash%3A+%27frustrated%27+man+smashes+ATM+glass+wall&rft.date=2016-11-13&rft_id=http%3A%2F%2Fwww.thehindu.com%2Fnews%2Fcities%2FKochi%2Fno-cash-frustrated-man-smashes-atm-glass-wall%2Farticle9340047.ece&rfr_id=info%3Asid%2Fen.wikipedia.org%3AReserve+Bank+of+India" class="Z3988"></span></span> </li> <li id="cite_note-105"><span class="mw-cite-backlink"><b><a href="#cite_ref-105">^</a></b></span> <span class="reference-text"><link rel="mw-deduplicated-inline-style" href="mw-data:TemplateStyles:r1238218222"><cite class="citation web cs1"><a rel="nofollow" class="external text" href="http://www.hindustantimes.com/bhopal/villagers-loot-pds-shop-over-invalid-after-dealer-refuses-scrapped-banknotes/story-pHFaVKqlz28OETJfvONS1M.html">"Villagers loot fair price shop after dealer refuses scrapped banknotes"</a>. <i>Hindustan Times</i>. 12 November 2016. <a rel="nofollow" class="external text" href="https://web.archive.org/web/20201112203454/https://www.hindustantimes.com/bhopal/villagers-loot-pds-shop-over-invalid-after-dealer-refuses-scrapped-banknotes/story-pHFaVKqlz28OETJfvONS1M.html">Archived</a> from the original on 12 November 2020<span class="reference-accessdate">. Retrieved <span class="nowrap">21 July</span> 2018</span>.</cite><span title="ctx_ver=Z39.88-2004&rft_val_fmt=info%3Aofi%2Ffmt%3Akev%3Amtx%3Ajournal&rft.genre=unknown&rft.jtitle=Hindustan+Times&rft.atitle=Villagers+loot+fair+price+shop+after+dealer+refuses+scrapped+banknotes&rft.date=2016-11-12&rft_id=http%3A%2F%2Fwww.hindustantimes.com%2Fbhopal%2Fvillagers-loot-pds-shop-over-invalid-after-dealer-refuses-scrapped-banknotes%2Fstory-pHFaVKqlz28OETJfvONS1M.html&rfr_id=info%3Asid%2Fen.wikipedia.org%3AReserve+Bank+of+India" class="Z3988"></span></span> </li> <li id="cite_note-106"><span class="mw-cite-backlink"><b><a href="#cite_ref-106">^</a></b></span> <span class="reference-text"><a rel="nofollow" class="external text" href="http://www.telegraphindia.com/1161113/jsp/nation/story_118946.jsp">Nerves snap in long cash wait, shop looted</a> <a rel="nofollow" class="external text" href="https://web.archive.org/web/20180722041238/https://www.telegraphindia.com/1161113/jsp/nation/story_118946.jsp">Archived</a> 22 July 2018 at the <a href="/wiki/Wayback_Machine" title="Wayback Machine">Wayback Machine</a>. <i>The Telegraph</i> (Calcutta) (13 November 2016). 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Retrieved <span class="nowrap">4 June</span> 2020</span>.</cite><span title="ctx_ver=Z39.88-2004&rft_val_fmt=info%3Aofi%2Ffmt%3Akev%3Amtx%3Ajournal&rft.genre=unknown&rft.jtitle=Zee+News&rft.atitle=RBI+cuts+repo+rate+cut+by+75+bps+to+4.4%25%2C+CRR+by+100+bps+to+3%25%3A+Full+statement&rft.date=2020-03-27&rft_id=https%3A%2F%2Fzeenews.india.com%2Feconomy%2Frbi-cuts-repo-rate-cut-by-75-bps-to-4-4-crr-by-100-bps-to-3-full-statement-2272014.html&rfr_id=info%3Asid%2Fen.wikipedia.org%3AReserve+Bank+of+India" class="Z3988"></span></span> </li> <li id="cite_note-116"><span class="mw-cite-backlink"><b><a href="#cite_ref-116">^</a></b></span> <span class="reference-text"><link rel="mw-deduplicated-inline-style" href="mw-data:TemplateStyles:r1238218222"><cite class="citation news cs1"><a rel="nofollow" class="external text" href="https://www.businesstoday.in/current/economy-politics/coronovirus-scare-rbi-announces-omos-purchase-of-rs-1-lakh-crore-to-boost-liquidity/story/398973.html">"Coronavirus scare: RBI announces OMOs purchase of Rs 1 lakh crore to boost liquidity"</a>. <i>Business Today</i>. 23 March 2020. <a rel="nofollow" class="external text" href="https://web.archive.org/web/20200323120202/https://www.businesstoday.in/current/economy-politics/coronovirus-scare-rbi-announces-omos-purchase-of-rs-1-lakh-crore-to-boost-liquidity/story/398973.html">Archived</a> from the original on 23 March 2020<span class="reference-accessdate">. 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University Road, Pune: Reserve Bank of India. <a rel="nofollow" class="external text" href="https://web.archive.org/web/20230207061440/https://cab.rbi.org.in/contact/contactus">Archived</a> from the original on 7 February 2023<span class="reference-accessdate">. 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Retrieved <span class="nowrap">2 July</span> 2024</span>.</cite><span title="ctx_ver=Z39.88-2004&rft_val_fmt=info%3Aofi%2Ffmt%3Akev%3Amtx%3Ajournal&rft.genre=unknown&rft.jtitle=Business+Standard&rft.atitle=RBI%2C+four+Asean+countries+tie+up+for+cross-border+payments+platform&rft.date=2024-07-01&rft.aulast=Kawale&rft.aufirst=Ajinkya&rft_id=https%3A%2F%2Fwww.business-standard.com%2Ffinance%2Fnews%2Frbi-asean-countries-to-create-platform-for-retail-cross-border-payments-124070100585_1.html&rfr_id=info%3Asid%2Fen.wikipedia.org%3AReserve+Bank+of+India" class="Z3988"></span></span> </li> </ol></div></div> <div class="mw-heading mw-heading2"><h2 id="Further_reading">Further reading</h2><span class="mw-editsection"><span class="mw-editsection-bracket">[</span><a href="/w/index.php?title=Reserve_Bank_of_India&action=edit&section=64" title="Edit section: Further reading"><span>edit</span></a><span class="mw-editsection-bracket">]</span></span></div> <ul><li>S. L. N. Simha. <i>History of the Reserve Bank of India, Volume 1: 1935–1951</i>. RBI. 1970. <link rel="mw-deduplicated-inline-style" href="mw-data:TemplateStyles:r1238218222"><a href="/wiki/ISBN_(identifier)" class="mw-redirect" title="ISBN (identifier)">ISBN</a> <a href="/wiki/Special:BookSources/81-7596-247-X" title="Special:BookSources/81-7596-247-X">81-7596-247-X</a>. (<a rel="nofollow" class="external text" href="http://rbidocs.rbi.org.in/rdocs/content/PDFs/89630.pdf">2005 reprint PDF</a>)</li> <li><i>Reserve Bank of India: Functions and Working</i>. RBI. 2005.(<a rel="nofollow" class="external text" href="https://rbidocs.rbi.org.in/rdocs/Content/PDFs/FUNCWWE080910.pdf">2005 reprint PDF</a>)</li> <li>G. Balachandran. <i>The Reserve Bank of India, 1951–1967</i>. <a href="/wiki/Oxford_University_Press" title="Oxford University Press">Oxford University Press</a>. 1998. <link rel="mw-deduplicated-inline-style" href="mw-data:TemplateStyles:r1238218222"><a href="/wiki/ISBN_(identifier)" class="mw-redirect" title="ISBN (identifier)">ISBN</a> <a href="/wiki/Special:BookSources/0-19-564468-9" title="Special:BookSources/0-19-564468-9">0-19-564468-9</a>. (<a rel="nofollow" class="external text" href="http://rbidocs.rbi.org.in/rdocs/content/PDFs/90010.pdf">PDF</a>)</li> <li>A. Vasudevan et al. <i>The Reserve Bank of India, Volume 3: 1967–1981</i>. RBI. 2005. <link rel="mw-deduplicated-inline-style" href="mw-data:TemplateStyles:r1238218222"><a href="/wiki/ISBN_(identifier)" class="mw-redirect" title="ISBN (identifier)">ISBN</a> <a href="/wiki/Special:BookSources/81-7596-299-2" title="Special:BookSources/81-7596-299-2">81-7596-299-2</a>. (<a rel="nofollow" class="external text" href="http://rbidocs.rbi.org.in/rdocs/content/PDFs/90060.pdf">PDF</a>)</li> <li>Roy, Tirthankar (2023). <i>The Reserve Bank of India: Volume 5, 1997–2008</i>. Vol. 5. Cambridge University Press</li> <li><a href="/wiki/Cecil_Kisch" title="Cecil Kisch">Cecil Kisch</a>: <i>Review "The Monetary Policy of the Reserve Bank of India" by K. N. Raj</i>. In: <i>The Economic Journal</i>. Vol. 59, No. 235 (Sep. 1949), pp. 436–438.</li> <li>Findlay G. Shirras: <i>The Reserve Bank of India</i>. In <i>The Economic Journal</i>. Vol. 44, No. 174 (Jun. 1934), pp. 258–274.</li></ul> <div class="mw-heading mw-heading2"><h2 id="External_links">External links</h2><span class="mw-editsection"><span class="mw-editsection-bracket">[</span><a href="/w/index.php?title=Reserve_Bank_of_India&action=edit&section=65" title="Edit section: External links"><span>edit</span></a><span class="mw-editsection-bracket">]</span></span></div> <style data-mw-deduplicate="TemplateStyles:r1235681985">.mw-parser-output .side-box{margin:4px 0;box-sizing:border-box;border:1px solid #aaa;font-size:88%;line-height:1.25em;background-color:var(--background-color-interactive-subtle,#f8f9fa);display:flow-root}.mw-parser-output .side-box-abovebelow,.mw-parser-output .side-box-text{padding:0.25em 0.9em}.mw-parser-output .side-box-image{padding:2px 0 2px 0.9em;text-align:center}.mw-parser-output .side-box-imageright{padding:2px 0.9em 2px 0;text-align:center}@media(min-width:500px){.mw-parser-output .side-box-flex{display:flex;align-items:center}.mw-parser-output .side-box-text{flex:1;min-width:0}}@media(min-width:720px){.mw-parser-output .side-box{width:238px}.mw-parser-output .side-box-right{clear:right;float:right;margin-left:1em}.mw-parser-output .side-box-left{margin-right:1em}}</style><style data-mw-deduplicate="TemplateStyles:r1237033735">@media print{body.ns-0 .mw-parser-output .sistersitebox{display:none!important}}@media screen{html.skin-theme-clientpref-night .mw-parser-output .sistersitebox img[src*="Wiktionary-logo-en-v2.svg"]{background-color:white}}@media screen and (prefers-color-scheme:dark){html.skin-theme-clientpref-os .mw-parser-output .sistersitebox img[src*="Wiktionary-logo-en-v2.svg"]{background-color:white}}</style><div class="side-box side-box-right plainlinks sistersitebox"><link rel="mw-deduplicated-inline-style" href="mw-data:TemplateStyles:r1126788409"> <div class="side-box-flex"> <div class="side-box-image"><span class="noviewer" typeof="mw:File"><span><img alt="" src="//upload.wikimedia.org/wikipedia/en/thumb/4/4a/Commons-logo.svg/30px-Commons-logo.svg.png" decoding="async" width="30" height="40" class="mw-file-element" srcset="//upload.wikimedia.org/wikipedia/en/thumb/4/4a/Commons-logo.svg/45px-Commons-logo.svg.png 1.5x, //upload.wikimedia.org/wikipedia/en/thumb/4/4a/Commons-logo.svg/59px-Commons-logo.svg.png 2x" data-file-width="1024" data-file-height="1376" /></span></span></div> <div class="side-box-text plainlist">Wikimedia Commons has media related to <span style="font-weight: bold; font-style: italic;"><a href="https://commons.wikimedia.org/wiki/Category:Reserve_Bank_of_India" class="extiw" title="commons:Category:Reserve Bank of India">Reserve Bank of India</a></span>.</div></div> </div> <ul><li><span class="official-website"><span class="url"><a rel="nofollow" class="external text" href="https://www.rbi.org.in/">Official website</a></span></span></li> <li><a rel="nofollow" class="external text" href="https://rbi.org.in/Scripts/FAQView.aspx?Id=119">FAQ answers and Guidelines on Reserve Bank of India</a></li> <li><a rel="nofollow" class="external text" href="http://indiatoday.intoday.in/story/rupees-500-1000-currency-note-faq-narendra-modi/1/805954.html">What the FAQ just happened! 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Act, 1934</a></li> <li><a href="/wiki/Monetary_Policy_Committee_(India)" title="Monetary Policy Committee (India)">Monetary Policy Committee</a></li></ul> </div></td></tr><tr><th scope="row" class="navbox-group" style="width:1%">People</th><td class="navbox-list-with-group navbox-list navbox-even hlist" style="width:100%;padding:0"><div style="padding:0 0.25em"> <ul><li><a href="/wiki/List_of_governors_of_the_Reserve_Bank_of_India" title="List of governors of the Reserve Bank of India">Governor of the Reserve Bank of India</a></li> <li><a href="/wiki/List_of_deputy_governors_of_the_Reserve_Bank_of_India" title="List of deputy governors of the Reserve Bank of India">Deputy governor of the Reserve Bank of India</a></li></ul> </div></td></tr><tr><th scope="row" class="navbox-group" style="width:1%">Buildings</th><td class="navbox-list-with-group navbox-list navbox-odd hlist" style="width:100%;padding:0"><div style="padding:0 0.25em"> <ul><li><a href="/w/index.php?title=Reserve_Bank_of_India_Staff_College&action=edit&redlink=1" class="new" title="Reserve Bank of India Staff College (page does not exist)">Reserve Bank of India Staff College</a></li> <li><a href="/wiki/RBI_Monetary_Museum" title="RBI Monetary Museum">RBI Monetary Museum</a></li></ul> </div></td></tr><tr><th scope="row" class="navbox-group" style="width:1%">Subsidiaries</th><td class="navbox-list-with-group navbox-list navbox-even hlist" style="width:100%;padding:0"><div style="padding:0 0.25em"> <ul><li><a href="/wiki/Bharatiya_Reserve_Bank_Note_Mudran" title="Bharatiya Reserve Bank Note Mudran">Bharatiya Reserve Bank Note Mudran</a></li> <li><a href="/wiki/Security_Printing_and_Minting_Corporation_of_India" title="Security Printing and Minting Corporation of India">Security Printing and Minting Corporation of India</a></li></ul> </div></td></tr></tbody></table></div> <div class="navbox-styles"><link rel="mw-deduplicated-inline-style" href="mw-data:TemplateStyles:r1129693374"><link rel="mw-deduplicated-inline-style" href="mw-data:TemplateStyles:r1236075235"></div><div role="navigation" class="navbox" aria-labelledby="23x15px&#124;border_&#124;alt=India&#124;link=India_Governors_of_the_Reserve_Bank_of_India" style="padding:3px"><table class="nowraplinks mw-collapsible mw-collapsed navbox-inner" style="border-spacing:0;background:transparent;color:inherit"><tbody><tr><th scope="col" class="navbox-title" colspan="4"><link rel="mw-deduplicated-inline-style" href="mw-data:TemplateStyles:r1129693374"><link rel="mw-deduplicated-inline-style" href="mw-data:TemplateStyles:r1239400231"><div class="navbar plainlinks hlist navbar-mini"><ul><li class="nv-view"><a href="/wiki/Template:Governors_of_the_Reserve_Bank_of_India" title="Template:Governors of the Reserve Bank of India"><abbr title="View this template">v</abbr></a></li><li class="nv-talk"><a href="/wiki/Template_talk:Governors_of_the_Reserve_Bank_of_India" 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data-file-height="600" /></a></span></span> <a href="/wiki/List_of_governors_of_the_Reserve_Bank_of_India" title="List of governors of the Reserve Bank of India">Governors</a> of the <a class="mw-selflink selflink">Reserve Bank of India</a></div></th></tr><tr><td class="noviewer navbox-image" rowspan="1" style="width:1px;padding:0 2px 0 0"><div><span class="mw-default-size" typeof="mw:File"><span title="Seal of the Reserve Bank of India"><img alt="Seal of the Reserve Bank of India" src="//upload.wikimedia.org/wikipedia/commons/thumb/1/1b/Seal_of_the_Reserve_Bank_of_India.svg/85px-Seal_of_the_Reserve_Bank_of_India.svg.png" decoding="async" width="85" height="85" class="mw-file-element" srcset="//upload.wikimedia.org/wikipedia/commons/thumb/1/1b/Seal_of_the_Reserve_Bank_of_India.svg/128px-Seal_of_the_Reserve_Bank_of_India.svg.png 1.5x, //upload.wikimedia.org/wikipedia/commons/thumb/1/1b/Seal_of_the_Reserve_Bank_of_India.svg/170px-Seal_of_the_Reserve_Bank_of_India.svg.png 2x" data-file-width="400" data-file-height="400" /></span></span></div></td><td colspan="2" class="navbox-list navbox-odd hlist" style="width:100%;padding:0"><div style="padding:0 0.25em"> <ul><li>Sir <a href="/wiki/Osborne_Smith" title="Osborne Smith">Osborne Smith</a> (1935–37)</li> <li>Sir <a href="/wiki/James_Braid_Taylor" title="James Braid Taylor">James Braid Taylor</a> (1937–43)</li> <li>Sir <a href="/wiki/C._D._Deshmukh" title="C. D. Deshmukh">C. D. Deshmukh</a> (1943–49)</li> <li>Sir <a href="/wiki/Benegal_Rama_Rau" title="Benegal Rama Rau">Benegal Rama Rau</a> (1949–57)</li> <li><a href="/wiki/K._G._Ambegaonkar" title="K. G. Ambegaonkar">K. G. Ambegaonkar</a> (1957)</li> <li><a href="/wiki/H._V._R._Iengar" title="H. V. R. Iengar">H. V. R. Iengar</a> (1957–62)</li> <li><a href="/wiki/P._C._Bhattacharya" title="P. C. Bhattacharya">P. C. Bhattacharya</a> (1962–67)</li> <li><a href="/wiki/Lakshmi_Kant_Jha" title="Lakshmi Kant Jha">Lakshmi Kant Jha</a> (1967–70)</li> <li><a href="/wiki/B._N._Adarkar" title="B. N. Adarkar">B. N. Adarkar</a> (1970)</li> <li><a href="/wiki/Sarukkai_Jagannathan" title="Sarukkai Jagannathan">Sarukkai Jagannathan</a> (1970–75)</li> <li><a href="/wiki/N._C._Sen_Gupta" title="N. C. Sen Gupta">N. C. Sen Gupta</a> (1975)</li> <li><a href="/wiki/K._R._Puri" title="K. R. Puri">K. R. Puri</a> (1975–77)</li> <li><a href="/wiki/M._Narasimham" title="M. Narasimham">M. Narasimham</a> (1977)</li> <li><a href="/wiki/I._G._Patel" title="I. G. Patel">I. G. Patel</a> (1977–82)</li> <li><a href="/wiki/Manmohan_Singh" title="Manmohan Singh">Manmohan Singh</a> (1982–85)</li> <li><a href="/wiki/Amitav_Ghosh_(banker)" title="Amitav Ghosh (banker)">Amitav Ghosh</a> (1985)</li> <li><a href="/wiki/R._N._Malhotra" title="R. N. Malhotra">R. N. Malhotra</a> (1985–90)</li> <li><a href="/wiki/S._Venkitaramanan" title="S. Venkitaramanan">S. Venkitaramanan</a> (1990–92)</li> <li><a href="/wiki/C._Rangarajan" title="C. Rangarajan">C. Rangarajan</a> (1992–97)</li> <li><a href="/wiki/Bimal_Jalan" title="Bimal Jalan">Bimal Jalan</a> (1997–2003)</li> <li><a href="/wiki/Y._V._Reddy" title="Y. V. Reddy">Y. V. Reddy</a> (2003–08)</li> <li><a href="/wiki/Duvvuri_Subbarao" title="Duvvuri Subbarao">Duvvuri Subbarao</a> (2008–13)</li> <li><a href="/wiki/Raghuram_Rajan" title="Raghuram Rajan">Raghuram Rajan</a> (2013–16)</li> <li><a href="/wiki/Urjit_Patel" title="Urjit Patel">Urjit Patel</a> (2016–2018)</li> <li><a href="/wiki/Shaktikanta_Das" title="Shaktikanta Das">Shaktikanta Das</a> (2018–present)</li></ul> </div></td><td class="noviewer navbox-image" rowspan="1" style="width:1px;padding:0 0 0 2px"><div><span class="mw-default-size" typeof="mw:File"><span title="Emblem of India"><img alt="Emblem of India" src="//upload.wikimedia.org/wikipedia/commons/thumb/5/55/Emblem_of_India.svg/47px-Emblem_of_India.svg.png" decoding="async" width="47" height="75" class="mw-file-element" srcset="//upload.wikimedia.org/wikipedia/commons/thumb/5/55/Emblem_of_India.svg/71px-Emblem_of_India.svg.png 1.5x, //upload.wikimedia.org/wikipedia/commons/thumb/5/55/Emblem_of_India.svg/94px-Emblem_of_India.svg.png 2x" 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data-file-height="600" /></a></span></span> <a href="/wiki/Banking_in_India" title="Banking in India">Banking in India</a></div></th></tr><tr><th scope="row" class="navbox-group" style="width:1%">Institutes</th><td class="navbox-list-with-group navbox-list navbox-odd hlist" style="width:100%;padding:0"><div style="padding:0 0.25em"></div><table class="nowraplinks navbox-subgroup" style="border-spacing:0"><tbody><tr><th scope="row" class="navbox-group" style="width:1%"><a href="/wiki/Central_bank" title="Central bank">Central bank</a></th><td class="navbox-list-with-group navbox-list navbox-odd" style="width:100%;padding:0"><div style="padding:0 0.25em"><div class="navbox-styles"></div><div role="navigation" class="navbox" aria-labelledby="Reserve_Bank_of_India" style="padding:3px"><table class="nowraplinks mw-collapsible autocollapse navbox-inner" style="border-spacing:0;background:transparent;color:inherit"><tbody><tr><th scope="col" class="navbox-title" colspan="2"><div class="navbar 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1934">Reserve Bank of India Act, 1934</a></li> <li><a href="/wiki/Monetary_Policy_Committee_(India)" title="Monetary Policy Committee (India)">Monetary Policy Committee</a></li></ul> </div></td></tr><tr><th scope="row" class="navbox-group" style="width:1%">People</th><td class="navbox-list-with-group navbox-list navbox-even hlist" style="width:100%;padding:0"><div style="padding:0 0.25em"> <ul><li><a href="/wiki/List_of_governors_of_the_Reserve_Bank_of_India" title="List of governors of the Reserve Bank of India">Governor of the Reserve Bank of India</a></li> <li><a href="/wiki/List_of_deputy_governors_of_the_Reserve_Bank_of_India" title="List of deputy governors of the Reserve Bank of India">Deputy governor of the Reserve Bank of India</a></li></ul> </div></td></tr><tr><th scope="row" class="navbox-group" style="width:1%">Buildings</th><td class="navbox-list-with-group navbox-list navbox-odd hlist" style="width:100%;padding:0"><div style="padding:0 0.25em"> <ul><li><a href="/w/index.php?title=Reserve_Bank_of_India_Staff_College&action=edit&redlink=1" class="new" title="Reserve Bank of India Staff College (page does not exist)">Reserve Bank of India Staff College</a></li> <li><a href="/wiki/RBI_Monetary_Museum" title="RBI Monetary Museum">RBI Monetary Museum</a></li></ul> </div></td></tr><tr><th scope="row" class="navbox-group" style="width:1%">Subsidiaries</th><td class="navbox-list-with-group navbox-list navbox-even hlist" style="width:100%;padding:0"><div style="padding:0 0.25em"> <ul><li><a href="/wiki/Bharatiya_Reserve_Bank_Note_Mudran" title="Bharatiya Reserve Bank Note Mudran">Bharatiya Reserve Bank Note Mudran</a></li> <li><a href="/wiki/Security_Printing_and_Minting_Corporation_of_India" title="Security Printing and Minting Corporation of India">Security Printing and Minting Corporation of India</a></li></ul> </div></td></tr></tbody></table></div></div></td></tr><tr><th scope="row" class="navbox-group" style="width:1%">Think tanks</th><td class="navbox-list-with-group navbox-list navbox-even" style="width:100%;padding:0"><div style="padding:0 0.25em"> <ul><li><a href="/wiki/Banks_Board_Bureau" title="Banks Board Bureau">BBB</a></li> <li><a href="/wiki/Banking_Codes_and_Standards_Board_of_India" title="Banking Codes and Standards Board of India">BCSBI</a></li> <li><a href="/wiki/National_Payments_Corporation_of_India" title="National Payments Corporation of India">NPCI</a></li> <li><a href="/wiki/Indian_Banks%27_Association" title="Indian Banks' Association">IBA</a></li> <li><a href="/wiki/Institute_for_Development_and_Research_in_Banking_Technology" title="Institute for Development and Research in Banking Technology">IDRBT</a></li></ul> </div></td></tr><tr><th scope="row" class="navbox-group" style="width:1%">Speciality banks</th><td class="navbox-list-with-group navbox-list navbox-odd" style="width:100%;padding:0"><div style="padding:0 0.25em"> <ul><li><a href="/wiki/Industrial_Investment_Bank_of_India" title="Industrial Investment Bank of India">IIBI</a></li> <li><a href="/wiki/IFCI" class="mw-redirect" title="IFCI">IFCI</a></li> <li><b> <a href="/wiki/All_India_Financial_Institutions" title="All India Financial Institutions">All India Financial Institutions</a> :</b></li> <li><a href="/wiki/Exim_Bank_of_India" title="Exim Bank of India">Exim Bank of India</a></li> <li><a href="/wiki/National_Bank_for_Agriculture_and_Rural_Development" title="National Bank for Agriculture and Rural Development">NABARD</a></li> <li><a href="/w/index.php?title=National_Bank_for_Financing_Infrastructure_and_Development&action=edit&redlink=1" class="new" title="National Bank for Financing Infrastructure and Development (page does not exist)">NaBFID</a></li> <li><a href="/wiki/National_Housing_Bank" title="National Housing Bank">NHB</a></li> <li><a href="/wiki/Small_Industries_Development_Bank_of_India" title="Small Industries Development Bank of India">SIDBI</a></li></ul> </div></td></tr><tr><th scope="row" class="navbox-group" style="width:1%">Other</th><td class="navbox-list-with-group navbox-list navbox-even" style="width:100%;padding:0"><div style="padding:0 0.25em"> <ul><li><a href="/wiki/Board_for_Industrial_and_Financial_Reconstruction" title="Board for Industrial and Financial Reconstruction">BIFR</a></li> <li><a href="/wiki/Insolvency_and_Bankruptcy_Board_of_India" title="Insolvency and Bankruptcy Board of India">IBBI</a></li> <li><a href="/wiki/Institute_of_Banking_Personnel_Selection" title="Institute of Banking Personnel Selection">IBPS</a></li> <li><a href="/wiki/Deposit_Insurance_and_Credit_Guarantee_Corporation" title="Deposit Insurance and Credit Guarantee Corporation">Deposit Insurance (DICGC)</a></li></ul> </div></td></tr></tbody></table><div></div></td></tr><tr><th scope="row" class="navbox-group" style="width:1%"><a href="/wiki/Public_sector_banks_in_India" title="Public sector banks in India">Public-sector <br />banks</a></th><td class="navbox-list-with-group navbox-list navbox-odd hlist" style="width:100%;padding:0"><div style="padding:0 0.25em"> <ul><li><a href="/wiki/Bank_of_Baroda" title="Bank of Baroda">Bank of Baroda</a></li> <li><a href="/wiki/Bank_of_India" title="Bank of India">Bank of India</a></li> <li><a href="/wiki/Bank_of_Maharashtra" title="Bank of Maharashtra">Bank of Maharashtra</a></li> <li><a href="/wiki/Canara_Bank" title="Canara Bank">Canara Bank</a></li> <li><a href="/wiki/Central_Bank_of_India" title="Central Bank of India">Central Bank of India</a></li> <li><a href="/wiki/Indian_Bank" title="Indian Bank">Indian Bank</a></li> <li><a href="/wiki/Indian_Overseas_Bank" title="Indian Overseas Bank">Indian Overseas Bank</a></li> <li><a href="/wiki/Jammu_%26_Kashmir_Bank" title="Jammu & Kashmir Bank">Jammu & Kashmir Bank</a></li> <li><a href="/wiki/Punjab_%26_Sind_Bank" title="Punjab & Sind Bank">Punjab & Sind Bank</a></li> <li><a href="/wiki/Punjab_National_Bank" title="Punjab National Bank">Punjab National Bank</a></li> <li><a href="/wiki/State_Bank_of_India" title="State Bank of India">State Bank of India</a></li> <li><a href="/wiki/UCO_Bank" title="UCO Bank">UCO Bank</a></li> <li><a href="/wiki/Union_Bank_of_India" title="Union Bank of India">Union Bank of India</a></li></ul> </div></td></tr><tr><th scope="row" class="navbox-group" style="width:1%"><a href="/wiki/Private-sector_banks_in_India" class="mw-redirect" title="Private-sector banks in India">Private-sector <br />banks</a></th><td class="navbox-list-with-group navbox-list navbox-even hlist" style="width:100%;padding:0"><div style="padding:0 0.25em"> <ul><li><a href="/wiki/Axis_Bank" title="Axis Bank">Axis Bank</a></li> <li><a href="/wiki/Bandhan_Bank" title="Bandhan Bank">Bandhan Bank</a></li> <li><a href="/wiki/CSB_Bank" title="CSB Bank">CSB Bank</a></li> <li><a href="/wiki/City_Union_Bank" title="City Union Bank">City Union Bank</a></li> <li><a href="/wiki/DCB_Bank" title="DCB Bank">DCB Bank</a></li> <li><a href="/wiki/Dhanlaxmi_Bank" title="Dhanlaxmi Bank">Dhanlaxmi Bank</a></li> <li><a href="/wiki/Federal_Bank" title="Federal Bank">Federal Bank</a></li> <li><a href="/wiki/HDFC_Bank" title="HDFC Bank">HDFC Bank</a></li> <li><a href="/wiki/ICICI_Bank" title="ICICI Bank">ICICI Bank</a></li> <li><a href="/wiki/IDBI_Bank" title="IDBI Bank">IDBI Bank</a></li> <li><a href="/wiki/IDFC_First_Bank" title="IDFC First Bank">IDFC First Bank</a></li> <li><a href="/wiki/IndusInd_Bank" title="IndusInd Bank">IndusInd Bank</a></li> <li><a href="/wiki/Karnataka_Bank" title="Karnataka Bank">Karnataka Bank</a></li> <li><a href="/wiki/Karur_Vysya_Bank" title="Karur Vysya Bank">Karur Vysya Bank</a></li> <li><a href="/wiki/Kotak_Mahindra_Bank" title="Kotak Mahindra Bank">Kotak Mahindra Bank</a></li> <li><a href="/wiki/Nainital_Bank" title="Nainital Bank">Nainital Bank</a></li> <li><a href="/wiki/RBL_Bank" title="RBL Bank">RBL Bank</a></li> <li><a href="/wiki/South_Indian_Bank" title="South Indian Bank">South Indian Bank</a></li> <li><a href="/wiki/Tamilnad_Mercantile_Bank" title="Tamilnad Mercantile Bank">Tamilnad Mercantile Bank</a></li> <li><a href="/wiki/Yes_Bank" class="mw-redirect" title="Yes Bank">Yes Bank</a></li></ul> </div></td></tr><tr><th scope="row" class="navbox-group" style="width:1%">Foreign banks</th><td class="navbox-list-with-group navbox-list navbox-odd hlist" style="width:100%;padding:0"><div style="padding:0 0.25em"> <ul><li><a href="/wiki/Abu_Dhabi_Commercial_Bank" class="mw-redirect" title="Abu Dhabi Commercial Bank">Abu Dhabi Commercial Bank</a></li> <li><a href="/wiki/ANZ_(bank)" title="ANZ (bank)">ANZ</a></li> <li><a href="/wiki/Bank_Maybank_Indonesia" title="Bank Maybank Indonesia">Bank Maybank Indonesia</a></li> <li><a href="/wiki/Bank_of_America" title="Bank of America">Bank of America</a></li> <li><a href="/wiki/Bank_of_Bahrain_and_Kuwait" title="Bank of Bahrain and Kuwait">Bank of Bahrain and Kuwait</a></li> <li><a href="/wiki/Bank_of_Ceylon" title="Bank of Ceylon">Bank of Ceylon</a></li> <li><a href="/wiki/Barclays" title="Barclays">Barclays</a></li> <li><a href="/wiki/Credit_Suisse" title="Credit Suisse">Credit Suisse</a></li> <li><a href="/wiki/CTBC_Bank" title="CTBC Bank">CTBC Bank</a></li> <li><a href="/wiki/Deutsche_Bank" title="Deutsche Bank">Deutsche Bank</a></li> <li><a href="/wiki/HSBC_Bank_India" title="HSBC Bank India">HSBC</a></li> <li><a href="/wiki/Maybank" title="Maybank">Maybank</a></li> <li><a href="/wiki/MUFG_Bank" title="MUFG Bank">MUFJ</a></li> <li><a href="/wiki/Rabobank" title="Rabobank">Rabobank</a></li> <li><a href="/wiki/Scotiabank" title="Scotiabank">Scotiabank</a></li> <li><a href="/wiki/Standard_Chartered_India" title="Standard Chartered India">Standard Chartered India</a></li></ul> </div><table class="nowraplinks navbox-subgroup" style="border-spacing:0"><tbody><tr><th scope="row" class="navbox-group" style="width:1%">Wholly owned subsidiary (WOS)</th><td class="navbox-list-with-group navbox-list navbox-even" style="width:100%;padding:0"><div style="padding:0 0.25em"> <ul><li><a href="/wiki/DBS_Bank" title="DBS Bank">DBS Bank</a></li> <li><a href="/wiki/State_Bank_of_Mauritius" title="State Bank of Mauritius">State Bank of Mauritius</a></li></ul> </div></td></tr><tr><th scope="row" class="navbox-group" style="width:1%">Wound up/closed (or in process)</th><td class="navbox-list-with-group navbox-list navbox-odd" style="width:100%;padding:0"><div style="padding:0 0.25em"> <ul><li><a href="/wiki/Antwerp_Diamond_Bank" title="Antwerp Diamond Bank">Antwerp Diamond Bank</a></li> <li><a href="/wiki/Citibank_India" title="Citibank India">Citibank</a></li></ul> </div></td></tr></tbody></table><div> </div></td></tr><tr><th scope="row" class="navbox-group" style="width:1%"><a href="/wiki/Small_finance_bank" title="Small finance bank">Small finance banks</a></th><td class="navbox-list-with-group navbox-list navbox-even hlist" style="width:100%;padding:0"><div style="padding:0 0.25em"> <ul><li><a href="/wiki/AU_Small_Finance_Bank" title="AU Small Finance Bank">AU</a> <ul><li><a href="/wiki/Fincare_Small_Finance_Bank" class="mw-redirect" title="Fincare Small Finance Bank">Fincare</a></li></ul></li> <li><a href="/wiki/Capital_Small_Finance_Bank" title="Capital Small Finance Bank">Capital</a></li> <li><a href="/wiki/ESAF_Small_Finance_Bank" title="ESAF Small Finance Bank">ESAF</a></li> <li><a href="/wiki/Equitas_Small_Finance_Bank" title="Equitas Small Finance Bank">Equitas</a></li> <li><a href="/wiki/Jana_Small_Finance_Bank" title="Jana Small Finance Bank">Jana</a></li> <li><a href="/wiki/North_East_Small_Finance_Bank" class="mw-redirect" title="North East Small Finance Bank">North East</a></li> <li><a href="/wiki/Suryoday_Small_Finance_Bank" class="mw-redirect" title="Suryoday Small Finance Bank">Suryoday</a></li> <li><a href="/wiki/Ujjivan_Small_Finance_Bank" title="Ujjivan Small Finance Bank">Ujjivan</a></li> <li><a href="/w/index.php?title=Unity_Small_Finance_Bank&action=edit&redlink=1" class="new" title="Unity Small Finance Bank (page does not exist)">Unity</a></li></ul> </div></td></tr><tr><th scope="row" class="navbox-group" style="width:1%"><a href="/wiki/Payments_bank" title="Payments bank">Payments banks</a></th><td class="navbox-list-with-group navbox-list navbox-odd hlist" style="width:100%;padding:0"><div style="padding:0 0.25em"> <ul><li><a href="/wiki/Airtel_Payments_Bank" title="Airtel Payments Bank">Airtel</a></li> <li><a href="/w/index.php?title=Fino_Payments_Bank&action=edit&redlink=1" class="new" title="Fino Payments Bank (page does not exist)">Fino</a></li> <li><a href="/wiki/National_Securities_Depository" class="mw-redirect" title="National Securities Depository">National Securities Depository</a></li> <li><a href="/wiki/India_Post_Payments_Bank" title="India Post Payments Bank">India Post</a></li> <li><a href="/wiki/Jio_Payments_Bank" title="Jio Payments Bank">Jio</a></li> <li><a href="/wiki/Paytm_Payments_Bank" title="Paytm Payments Bank">Paytm</a></li></ul> </div><table class="nowraplinks navbox-subgroup" style="border-spacing:0"><tbody><tr><th id="Surrendered_licencees_or_wound_up" scope="row" class="navbox-group" style="width:1%">Surrendered licencees <br />or wound up</th><td class="navbox-list-with-group navbox-list navbox-even" style="width:100%;padding:0"><div style="padding:0 0.25em"> <ul><li><a href="/wiki/Aditya_Birla_Payments_Bank" title="Aditya Birla Payments Bank">Aditya Birla</a> <ul><li><a href="/wiki/M-Pesa" title="M-Pesa">Vodafone M-Pesa</a></li></ul></li> <li><a href="/wiki/Tech_Mahindra" title="Tech Mahindra">Tech Mahindra</a></li></ul> </div></td></tr></tbody></table><div> </div></td></tr><tr><th scope="row" class="navbox-group" style="width:1%"><a href="/wiki/Cooperative_banking" title="Cooperative banking">Cooperative <br />banks</a></th><td class="navbox-list-with-group navbox-list navbox-odd hlist" style="width:100%;padding:0"><div style="padding:0 0.25em"> <ul><li><a href="/wiki/Abhyudaya_Co-operative_Bank_Ltd" title="Abhyudaya Co-operative Bank Ltd">Abhyudaya Co-operative Bank</a>.</li> <li><a href="/wiki/Buldana_Urban_Cooperative_Credit_Society" title="Buldana Urban Cooperative Credit Society">Buldana Urban Cooperative Credit Society</a></li> <li><a href="/wiki/Cosmos_Bank" class="mw-redirect" title="Cosmos Bank">Cosmos Bank</a></li> <li><a href="/wiki/Dombivli_Nagari_Sahakari_Bank_Ltd." title="Dombivli Nagari Sahakari Bank Ltd.">Dombivli Nagari Sahakari Bank</a></li> <li><a href="/wiki/Kerala_Bank" title="Kerala Bank">Kerala Bank</a></li> <li><a href="/wiki/Mizoram_Co-operative_Apex_Bank" title="Mizoram Co-operative Apex Bank">Mizoram Co-operative Apex Bank</a></li> <li><a href="/wiki/Punjab_and_Maharashtra_Co-operative_Bank" title="Punjab and Maharashtra Co-operative Bank">Punjab and Maharashtra Co-operative Bank</a></li> <li><a href="/wiki/Repco_Bank" title="Repco Bank">Repco Bank</a></li> <li><a href="/wiki/Saraswat_Bank" class="mw-redirect" title="Saraswat Bank">Saraswat Bank</a></li> <li><a href="/wiki/Shamrao_Vithal_Co-operative_Bank" title="Shamrao Vithal Co-operative Bank">Shamrao Vithal Co-operative Bank</a></li> <li><a href="/wiki/TNSC_Bank" title="TNSC Bank">TNSC Bank</a></li> <li><a href="/w/index.php?title=Thane_Janata_Sahakari_Bank&action=edit&redlink=1" class="new" title="Thane Janata Sahakari Bank (page does not exist)">Thane Janata Sahakari Bank</a></li></ul> </div></td></tr><tr><th scope="row" class="navbox-group" style="width:1%"><a href="/wiki/Regional_rural_bank" title="Regional rural bank">Regional rural banks</a></th><td class="navbox-list-with-group navbox-list navbox-even hlist" style="width:100%;padding:0"><div style="padding:0 0.25em"> <ul><li><a href="/wiki/Assam_Gramin_Vikash_Bank" title="Assam Gramin Vikash Bank">Assam Gramin Vikash Bank</a></li> <li><a href="/wiki/Bangiya_Gramin_Vikash_Bank" title="Bangiya Gramin Vikash Bank">Bangiya Gramin Vikash Bank</a></li> <li><a href="/w/index.php?title=Karnataka_Gramin_Bank&action=edit&redlink=1" class="new" title="Karnataka Gramin Bank (page does not exist)">Karnataka Gramin Bank</a></li> <li><a href="/wiki/Mizoram_Rural_Bank" title="Mizoram Rural Bank">Mizoram Rural Bank</a></li> <li><a href="/wiki/Paschim_Banga_Gramin_Bank" title="Paschim Banga Gramin Bank">Paschim Banga Gramin Bank</a></li> <li><a href="/wiki/Puduvai_Bharathiar_Grama_Bank" title="Puduvai Bharathiar Grama Bank">Puduvai Bharathiar Grama Bank</a></li> <li><a href="/wiki/Tamil_Nadu_Grama_Bank" title="Tamil Nadu Grama Bank">Tamil Nadu Grama Bank</a></li> <li><a href="/wiki/Uttar_Bihar_Gramin_Bank" title="Uttar Bihar Gramin Bank">Uttar Bihar Gramin Bank</a></li> <li><a href="/wiki/Uttarakhand_Gramin_Bank" title="Uttarakhand Gramin Bank">Uttarakhand Gramin Bank</a></li> <li><a href="/wiki/Vananchal_Gramin_Bank" class="mw-redirect" title="Vananchal Gramin Bank">Vananchal Gramin Bank</a></li></ul> </div><table class="nowraplinks navbox-subgroup" style="border-spacing:0"><tbody><tr><th scope="row" class="navbox-group" style="width:1%">Andhra</th><td class="navbox-list-with-group navbox-list navbox-odd" style="width:100%;padding:0"><div style="padding:0 0.25em"> <ul><li><a href="/wiki/Andhra_Pradesh_Grameena_Vikas_Bank" title="Andhra Pradesh Grameena Vikas Bank">Andhra Pradesh Grameena Vikas Bank</a></li> <li><a href="/wiki/Andhra_Pragathi_Grameena_Bank" title="Andhra Pragathi Grameena Bank">Andhra Pragathi Grameena Bank</a></li></ul> </div></td></tr><tr><th scope="row" class="navbox-group" style="width:1%">Kerala</th><td class="navbox-list-with-group navbox-list navbox-even" style="width:100%;padding:0"><div style="padding:0 0.25em"> <ul><li><a href="/wiki/Kerala_Gramin_Bank" title="Kerala Gramin Bank">Kerala Gramin Bank</a></li> <li><a href="/wiki/North_Malabar_Gramin_Bank" title="North Malabar Gramin Bank">North Malabar Gramin Bank</a></li> <li><a href="/wiki/South_Malabar_Gramin_Bank" title="South Malabar Gramin Bank">South Malabar Gramin Bank</a></li></ul> </div></td></tr><tr><th scope="row" class="navbox-group" style="width:1%"><a href="/wiki/List_of_regional_rural_banks_in_Uttar_Pradesh" title="List of regional rural banks in Uttar Pradesh">Uttar Pradesh</a></th><td class="navbox-list-with-group navbox-list navbox-odd" style="width:100%;padding:0"><div style="padding:0 0.25em"> <ul><li><a href="/wiki/Allahabad_UP_Gramin_Bank" title="Allahabad UP Gramin Bank">Allahabad UP Gramin Bank</a></li> <li><a href="/wiki/Gramin_Bank_of_Aryavart" title="Gramin Bank of Aryavart">Gramin Bank of Aryavart</a></li> <li><a href="/wiki/Sarva_UP_Gramin_Bank" class="mw-redirect" title="Sarva UP Gramin Bank">Sarva UP Gramin Bank</a></li></ul> </div></td></tr></tbody></table><div> </div></td></tr><tr><th scope="row" class="navbox-group" style="width:1%">Defunct banks</th><td class="navbox-list-with-group navbox-list navbox-odd hlist" style="width:100%;padding:0"><div style="padding:0 0.25em"></div><table class="nowraplinks navbox-subgroup" style="border-spacing:0"><tbody><tr><th id="Merged" scope="row" class="navbox-group" style="width:1%">Merged</th><td class="navbox-list-with-group navbox-list navbox-odd" style="width:100%;padding:0"><div style="padding:0 0.25em"></div><table class="nowraplinks navbox-subgroup" style="border-spacing:0"><tbody><tr><th scope="row" class="navbox-group" style="width:1%">PSB</th><td class="navbox-list-with-group navbox-list navbox-even" style="width:100%;padding:0"><div style="padding:0 0.25em"> <ul><li><a href="/wiki/New_Bank_of_India" title="New Bank of India">New Bank of India</a></li> <li><a href="/wiki/Dena_Bank" title="Dena Bank">Dena Bank</a></li> <li><a href="/wiki/Vijaya_Bank" title="Vijaya Bank">Vijaya Bank</a></li> <li><a href="/wiki/Allahabad_Bank" title="Allahabad Bank">Allahabad Bank</a></li> <li><a href="/wiki/Andhra_Bank" title="Andhra Bank">Andhra Bank</a></li> <li><a href="/wiki/Corporation_Bank" title="Corporation Bank">Corporation Bank</a></li> <li><a href="/wiki/Oriental_Bank_of_Commerce" title="Oriental Bank of Commerce">Oriental Bank of Commerce</a></li> <li><a href="/wiki/United_Bank_of_India" title="United Bank of India">United Bank of India</a></li> <li><a href="/wiki/Syndicate_Bank" title="Syndicate Bank">Syndicate Bank</a></li></ul> </div></td></tr><tr><th scope="row" class="navbox-group" style="width:1%">SBI</th><td class="navbox-list-with-group navbox-list navbox-odd" style="width:100%;padding:0"><div style="padding:0 0.25em"> <ul><li><a href="/wiki/Bank_of_Bombay" title="Bank of Bombay">Bank of Bombay</a></li> <li><a href="/wiki/Bank_of_Calcutta" title="Bank of Calcutta">Bank of Calcutta</a></li> <li><a href="/wiki/Bank_of_Madras" title="Bank of Madras">Bank of Madras</a></li> <li><a href="/wiki/Imperial_Bank_of_India" title="Imperial Bank of India">Imperial Bank of India</a></li> <li><a href="/wiki/State_Bank_of_Bikaner_%26_Jaipur" title="State Bank of Bikaner & Jaipur">State Bank of Bikaner & Jaipur</a></li> <li><a href="/wiki/State_Bank_of_Hyderabad" title="State Bank of Hyderabad">State Bank of Hyderabad</a></li> <li><a href="/wiki/State_Bank_of_Indore" title="State Bank of Indore">State Bank of Indore</a></li> <li><a href="/wiki/State_Bank_of_Mysore" title="State Bank of Mysore">State Bank of Mysore</a></li> <li><a href="/wiki/State_Bank_of_Patiala" title="State Bank of Patiala">State Bank of Patiala</a></li> <li><a href="/wiki/State_Bank_of_Saurashtra" title="State Bank of Saurashtra">State Bank of Saurashtra</a></li> <li><a href="/wiki/State_Bank_of_Travancore" title="State Bank of Travancore">State Bank of Travancore</a></li> <li><a href="/wiki/Bharatiya_Mahila_Bank" title="Bharatiya Mahila Bank">Bharatiya Mahila Bank</a></li> <li><a href="/w/index.php?title=Krishnaram_Baldeo_Bank&action=edit&redlink=1" class="new" title="Krishnaram Baldeo Bank (page does not exist)">Krishnaram Baldeo Bank</a></li> <li><a href="/wiki/Kashinath_Seth_Bank" title="Kashinath Seth Bank">Kashinath Seth Bank</a></li></ul> </div></td></tr><tr><th scope="row" class="navbox-group" style="width:1%">Rescued</th><td class="navbox-list-with-group navbox-list navbox-even" style="width:100%;padding:0"><div style="padding:0 0.25em"> <ul><li><a href="/wiki/Global_Trust_Bank_(India)" title="Global Trust Bank (India)">Global Trust Bank</a> (OBC)</li> <li><a href="/wiki/Lakshmi_Vilas_Bank" title="Lakshmi Vilas Bank">Lakshmi Vilas Bank</a> (DBS)</li> <li><a href="/wiki/Nedungadi_Bank" title="Nedungadi Bank">Nedungadi Bank</a> (PNB)</li> <li><a href="/wiki/United_Western_Bank" title="United Western Bank">United Western Bank</a> (IDBI)</li> <li><a href="/wiki/United_Industrial_Bank" title="United Industrial Bank">United Industrial Bank</a> (Allahabad Bank)</li> <li><a href="/wiki/Punjab_and_Maharashtra_Co-operative_Bank" title="Punjab and Maharashtra Co-operative Bank">Punjab and Maharashtra Co-operative Bank</a> (Unity SFB)</li></ul> </div></td></tr><tr><th scope="row" class="navbox-group" style="width:1%">Acquired</th><td class="navbox-list-with-group navbox-list navbox-odd" style="width:100%;padding:0"><div style="padding:0 0.25em"> <ul><li><a href="/wiki/Bank_of_Madura" title="Bank of Madura">Bank of Madura</a></li> <li><a href="/wiki/Bank_of_Rajasthan" title="Bank of Rajasthan">Bank of Rajasthan</a></li> <li><a href="/wiki/Bengal_Central_Bank" title="Bengal Central Bank">Bengal Central Bank</a></li> <li><a href="/wiki/Centurion_Bank_of_Punjab" title="Centurion Bank of Punjab">Centurion Bank of Punjab</a></li> <li><a href="/wiki/Chartered_Bank_of_India,_Australia_and_China" title="Chartered Bank of India, Australia and China">Chartered Bank of India, Australia and China</a></li> <li><a href="/wiki/Grindlays_Bank" title="Grindlays Bank">Grindlays Bank</a> <ul><li><a href="/wiki/National_Bank_of_India" class="mw-redirect" title="National Bank of India">National Bank of India</a></li></ul></li> <li><a href="/wiki/ING_Vysya_Bank" title="ING Vysya Bank">ING Vysya Bank</a></li> <li><a href="/wiki/Mercantile_Bank_of_India,_London_and_China" title="Mercantile Bank of India, London and China">Mercantile Bank of India, London and China</a></li> <li><a href="/wiki/Lord_Krishna_Bank" title="Lord Krishna Bank">Lord Krishna Bank</a></li> <li><a href="/wiki/Times_Bank" title="Times Bank">Times Bank</a></li> <li><a href="/wiki/Vysya_Bank" title="Vysya Bank">Vysya Bank</a></li></ul> </div><table class="nowraplinks navbox-subgroup" style="border-spacing:0"><tbody><tr><th id="PSB" scope="row" class="navbox-group" style="width:1%">PSB</th><td class="navbox-list-with-group navbox-list navbox-even" style="width:100%;padding:0"><div style="padding:0 0.25em"> <ul><li><a href="/wiki/Bharat_Overseas_Bank" title="Bharat Overseas Bank">Bharat Overseas Bank</a></li> <li><a href="/wiki/Pandyan_Bank" title="Pandyan Bank">Pandyan Bank</a></li></ul> </div></td></tr></tbody></table><div> </div></td></tr></tbody></table><div></div></td></tr><tr><th scope="row" class="navbox-group" style="width:1%">Wound up</th><td class="navbox-list-with-group navbox-list navbox-odd" style="width:100%;padding:0"><div style="padding:0 0.25em"> <ul><li><a href="/wiki/Bank_of_Chettinad" title="Bank of Chettinad">Bank of Chettinad</a></li> <li><a href="/wiki/Dass_Bank" title="Dass Bank">Dass Bank</a></li> <li><a href="/wiki/Industrial_Investment_Bank_of_India" title="Industrial Investment Bank of India">Industrial Investment Bank of India</a></li></ul> </div></td></tr><tr><th scope="row" class="navbox-group" style="width:1%">Failed</th><td class="navbox-list-with-group navbox-list navbox-even" style="width:100%;padding:0"><div style="padding:0 0.25em"> <ul><li><a href="/wiki/Alliance_Bank_of_Simla" title="Alliance Bank of Simla">Alliance Bank of Simla</a></li> <li><a href="/wiki/Arbuthnot_%26_Co" title="Arbuthnot & Co">Arbuthnot & Co</a></li> <li><a href="/wiki/Commercial_Bank_of_India" title="Commercial Bank of India">Commercial Bank of India</a></li> <li><a href="/wiki/Exchange_Bank_of_India_%26_Africa" title="Exchange Bank of India & Africa">Exchange Bank of India & Africa</a></li> <li><a href="/wiki/Oriental_Bank_Corporation" title="Oriental Bank Corporation">(New) Oriental Bank Corporation</a></li> <li><a href="/wiki/Oudh_Commercial_Bank" title="Oudh Commercial Bank">Oudh Commercial Bank</a></li> <li><a href="/wiki/Madhavpura_Mercantile_Cooperative_Bank" title="Madhavpura Mercantile Cooperative Bank">Madhavpura Mercantile Cooperative Bank</a></li></ul> </div></td></tr><tr><th scope="row" class="navbox-group" style="width:1%">Liquidated</th><td class="navbox-list-with-group navbox-list navbox-odd" style="width:100%;padding:0"><div style="padding:0 0.25em"> <ul><li><a href="/wiki/Bengal_Bank_(1784)" class="mw-redirect" title="Bengal Bank (1784)">Bengal Bank (1784)</a></li> <li><a href="/wiki/Bank_of_Bombay_(1720)" title="Bank of Bombay (1720)">Bank of Bombay (1720)</a></li> <li><a href="/wiki/Bank_of_Hindostan" title="Bank of Hindostan">Bank of Hindostan</a></li> <li><a href="/wiki/General_Bank_of_India" title="General Bank of India">General Bank of India</a></li> <li><a href="/wiki/General_Bank_of_Bengal_and_Bihar" title="General Bank of Bengal and Bihar">General Bank of Bengal and Bihar</a></li> <li><a href="/wiki/Nath_Bank" title="Nath Bank">Nath Bank</a></li> <li><a href="/wiki/Palai_Central_Bank" title="Palai Central Bank">Palai Central Bank</a></li> <li><a href="/wiki/The_Commercial_Bank_(1819)" title="The Commercial Bank (1819)">The Commercial Bank (1819)</a></li> <li><a href="/wiki/The_Calcutta_Bank_(1824)" title="The Calcutta Bank (1824)">The Calcutta Bank (1824)</a></li> <li><a href="/wiki/The_Union_Bank_(1828)" title="The Union Bank (1828)">The Union Bank (1828)</a></li> <li><a href="/wiki/The_Government_Savings_Bank_(1833)" title="The Government Savings Bank (1833)">The Government Savings Bank (1833)</a></li> <li><a href="/wiki/The_Bank_of_Mirzapore_(1835)" title="The Bank of Mirzapore (1835)">The Bank of Mirzapore (1835)</a></li> <li><a href="/wiki/Travancore_National_and_Quilon_Bank" title="Travancore National and Quilon Bank">Travancore National and Quilon Bank</a></li></ul> </div></td></tr></tbody></table><div></div></td></tr><tr><th scope="row" class="navbox-group" style="width:1%">Networks</th><td class="navbox-list-with-group navbox-list navbox-odd hlist" style="width:100%;padding:0"><div style="padding:0 0.25em"></div><table class="nowraplinks navbox-subgroup" style="border-spacing:0"><tbody><tr><th scope="row" class="navbox-group" style="width:1%"><a href="/wiki/Interbank_network" title="Interbank network">Interbank networks</a></th><td class="navbox-list-with-group navbox-list navbox-even" style="width:100%;padding:0"><div style="padding:0 0.25em"> <ul><li><a href="/wiki/Cirrus_(interbank_network)" title="Cirrus (interbank network)">Cirrus</a></li> <li><a href="/wiki/National_Financial_Switch" title="National Financial Switch">NFS</a></li> <li><a href="/wiki/Plus_(interbank_network)" title="Plus (interbank network)">PLUS</a></li></ul> </div></td></tr><tr><th scope="row" class="navbox-group" style="width:1%"><a href="/wiki/Interbank_network" title="Interbank network">ATM networks</a></th><td class="navbox-list-with-group navbox-list navbox-odd" style="width:100%;padding:0"><div style="padding:0 0.25em"> <ul><li><a href="/wiki/Banks_ATM_Network_and_Customer_Services" title="Banks ATM Network and Customer Services">BANCS</a></li> <li><a href="/wiki/Cashnet" title="Cashnet">Cashnet</a></li> <li><a href="/wiki/CashTree" title="CashTree">CashTree</a></li> <li><a href="/wiki/MITR_ATM_Sharing_Network" title="MITR ATM Sharing Network">MITR</a></li></ul> </div></td></tr></tbody></table><div></div></td></tr><tr><th scope="row" class="navbox-group" style="width:1%"><a href="/wiki/Payment_card" title="Payment card">Cards</a></th><td class="navbox-list-with-group navbox-list navbox-even hlist" style="width:100%;padding:0"><div style="padding:0 0.25em"> <ul><li><a href="/wiki/Mastercard" title="Mastercard">Mastercard</a> <ul><li><a href="/wiki/Debit_Mastercard" title="Debit Mastercard">Debit Mastercard</a></li> <li><a href="/wiki/Maestro_(debit_card)" title="Maestro (debit card)">Maestro</a></li></ul></li> <li><a href="/wiki/RuPay" title="RuPay">RuPay</a></li> <li><a href="/wiki/Visa_Inc" class="mw-redirect" title="Visa Inc">Visa</a> <ul><li><a href="/wiki/Visa_Debit" title="Visa Debit">Visa Debit</a></li> <li><a href="/wiki/Visa_Electron" title="Visa Electron">Visa Electron</a></li></ul></li></ul> </div></td></tr><tr><th scope="row" class="navbox-group" style="width:1%"><a href="/wiki/Electronic_funds_transfer" title="Electronic funds transfer">Online transfers</a></th><td class="navbox-list-with-group navbox-list navbox-odd hlist" style="width:100%;padding:0"><div style="padding:0 0.25em"> <ul><li><a href="/wiki/Aadhaar_Enabled_Payment_System" class="mw-redirect" title="Aadhaar Enabled Payment System">AEPS</a></li> <li><a href="/wiki/Bharat_Bill_Payment_System" class="mw-redirect" title="Bharat Bill Payment System">BBPS</a></li> <li><a href="/wiki/Bharat_Interface_for_Money" class="mw-redirect" title="Bharat Interface for Money">BHIM</a></li> <li><a href="/wiki/Immediate_Payment_Service" title="Immediate Payment Service">IMPS</a></li> <li><a href="/wiki/National_Electronic_Funds_Transfer" title="National Electronic Funds Transfer">NEFT</a></li> <li><a href="/wiki/Real-time_gross_settlement" title="Real-time gross settlement">RTGS</a></li> <li><a href="/wiki/Unified_Payments_Interface" title="Unified Payments Interface">UPI</a></li></ul> </div></td></tr><tr><th scope="row" class="navbox-group" style="width:1%"><a href="/wiki/Payment_service_provider" title="Payment service provider">Payment service<br /> providers</a></th><td class="navbox-list-with-group navbox-list navbox-even hlist" style="width:100%;padding:0"><div style="padding:0 0.25em"> <ul><li><a href="/wiki/Atom_Technologies" class="mw-redirect" title="Atom Technologies">Atom</a></li> <li><a href="/wiki/Bharat_Interface_for_Money" class="mw-redirect" title="Bharat Interface for Money">BHIM</a></li> <li><a href="/wiki/BillDesk" title="BillDesk">BillDesk</a></li> <li><a href="/wiki/Infibeam" title="Infibeam">CCAvenue</a></li> <li><a href="/w/index.php?title=Juspay&action=edit&redlink=1" class="new" title="Juspay (page does not exist)">Juspay</a></li> <li><a href="/wiki/Paytm_Payments_Bank" title="Paytm Payments Bank">Paytm</a></li> <li><a href="/w/index.php?title=Wibmo&action=edit&redlink=1" class="new" title="Wibmo (page does not exist)">Wibmo</a></li> <li><a href="/wiki/Zeta_India" class="mw-redirect" title="Zeta India">Zeta India</a></li></ul> </div><table class="nowraplinks navbox-subgroup" style="border-spacing:0"><tbody><tr><th id="Digital_wallets" scope="row" class="navbox-group" style="width:1%"><a href="/wiki/Digital_wallet" title="Digital wallet">Digital wallets</a></th><td class="navbox-list-with-group navbox-list navbox-odd" style="width:100%;padding:0"><div style="padding:0 0.25em"> <ul><li><a href="/wiki/Amazon_Pay" title="Amazon Pay">Amazon Pay</a></li> <li><a href="/wiki/BharatPe" title="BharatPe">BharatPe</a></li> <li><a href="/wiki/Freecharge" title="Freecharge">Freecharge</a></li> <li><a href="/wiki/Google_Pay_(payment_method)" title="Google Pay (payment method)">Google Pay</a></li> <li><a href="/wiki/Mobikwik" class="mw-redirect" title="Mobikwik">Mobikwik</a></li> <li><a href="/wiki/Oxigen_Services" title="Oxigen Services">Oxigen Services</a></li> <li><a href="/wiki/Payoneer" title="Payoneer">Payoneer</a></li> <li><a href="/wiki/PayU" title="PayU">PayU</a></li> <li><a href="/wiki/Payworld" title="Payworld">Payworld</a></li> <li><a href="/wiki/PhonePe" title="PhonePe">PhonePe</a></li></ul> </div></td></tr></tbody></table><div> </div></td></tr><tr><th scope="row" class="navbox-group" style="width:1%">Related topics</th><td class="navbox-list-with-group navbox-list navbox-even hlist" style="width:100%;padding:0"><div style="padding:0 0.25em"> <ul><li><a href="/wiki/ATM_usage_fees#India" title="ATM usage fees">ATM usage fees</a></li> <li><a href="/wiki/Bank_run" title="Bank run">Bank run</a></li> <li><a href="/wiki/Indian_black_money" title="Indian black money">Black money</a></li> <li><a href="/wiki/Counterfeit_money" title="Counterfeit money">Counterfeit money</a></li> <li><a href="/wiki/Demat_account" title="Demat account">De-materialisation (de-mat)</a></li> <li><a href="/wiki/Demonetisation_(currency)" class="mw-redirect" title="Demonetisation (currency)">Demonetisation</a> <ul><li><a href="/wiki/2016_Indian_banknote_demonetisation" title="2016 Indian banknote demonetisation">2016</a></li> <li><a href="/wiki/Withdrawal_of_low-denomination_coins" title="Withdrawal of low-denomination coins">Low denomination coins</a></li></ul></li> <li><a href="/wiki/Foreign_exchange_market" title="Foreign exchange market">Foreign exchange (ForEx)</a></li></ul> <ul><li><b>Lists: </b> <a href="/wiki/List_of_banks_in_India" title="List of banks in India">List of banks</a></li> <li><a href="/wiki/List_of_oldest_banks_in_India" title="List of oldest banks in India">List of oldest banks in India</a></li></ul> </div><table class="nowraplinks navbox-subgroup" style="border-spacing:0"><tbody><tr><th scope="row" class="navbox-group" style="width:1%">Protocol <br /> and codes</th><td class="navbox-list-with-group navbox-list navbox-odd" style="width:100%;padding:0"><div style="padding:0 0.25em"> <ul><li><a href="/wiki/Bharat_Bill_Payment_System" class="mw-redirect" title="Bharat Bill Payment System">Bharat Bill Payment System (BBPS)</a></li> <li><a href="/wiki/Indian_Financial_System_Code" title="Indian Financial System Code">Indian Financial System Code (IFSC)</a></li> <li><a href="/wiki/National_Unified_USSD_Platform" title="National Unified USSD Platform">National Unified USSD Platform (NUUP)</a></li> <li><a href="/wiki/Structured_Financial_Messaging_System" title="Structured Financial Messaging System">Structured Financial Messaging System (SFMS)</a></li></ul> </div></td></tr><tr><th scope="row" class="navbox-group" style="width:1%">Rates & <br /> ratios</th><td class="navbox-list-with-group navbox-list navbox-odd" style="width:100%;padding:0"><div style="padding:0 0.25em"></div><table class="nowraplinks navbox-subgroup" style="border-spacing:0"><tbody><tr><th scope="row" class="navbox-group" style="width:1%">Rates</th><td class="navbox-list-with-group navbox-list navbox-even" style="width:100%;padding:0"><div style="padding:0 0.25em"> <ul><li><a href="/wiki/Bank_rate" title="Bank rate">Bank rate</a></li> <li><a href="/wiki/MIBOR_(Indian_reference_rate)" title="MIBOR (Indian reference rate)">Mumbai Inter-Bank Bid Rate - MIBID/Mumbai Inter-Bank Offer Rate - MIBOR</a></li> <li><a class="mw-selflink-fragment" href="#MIFOR_(Mumbai_Interbank_Forward_Offer_Rate)">Mumbai Interbank Forward Offer Rate - MIFOR</a></li></ul> </div></td></tr><tr><th scope="row" class="navbox-group" style="width:1%">Ratios</th><td class="navbox-list-with-group navbox-list navbox-odd" style="width:100%;padding:0"><div style="padding:0 0.25em"> <ul><li><a href="/wiki/Capital_requirement" title="Capital requirement">Capital Adequacy Ratio - CAR</a></li> <li><a href="/wiki/Statutory_liquidity_ratio" title="Statutory liquidity ratio">Statutory Liquidity Ratio - SLR</a></li> <li><a href="/wiki/Reserve_requirement" title="Reserve requirement">Cash Reserve Ratio - CRR</a></li></ul> </div></td></tr></tbody></table><div></div></td></tr><tr><th scope="row" class="navbox-group" style="width:1%">Regulators</th><td class="navbox-list-with-group navbox-list navbox-even" style="width:100%;padding:0"><div style="padding:0 0.25em"> <ul><li><a href="/wiki/Insurance_Regulatory_and_Development_Authority" title="Insurance Regulatory and Development Authority">Insurance - IRDAI</a></li> <li><a class="mw-selflink selflink">Banking - RBI</a></li> <li><a href="/wiki/SEBI" class="mw-redirect" title="SEBI">Securities - SEBI</a></li> <li><a href="/wiki/Insolvency_and_Bankruptcy_Board_of_India" title="Insolvency and Bankruptcy Board of India">Bankruptcy - IBBI</a></li></ul> </div></td></tr><tr><th scope="row" class="navbox-group" style="width:1%">Insolvency, <br /> bankruptcy and <br /> reconstruction</th><td class="navbox-list-with-group navbox-list navbox-odd" style="width:100%;padding:0"><div style="padding:0 0.25em"></div><table class="nowraplinks navbox-subgroup" style="border-spacing:0"><tbody><tr><th scope="row" class="navbox-group" style="width:1%">Boards</th><td class="navbox-list-with-group navbox-list navbox-odd" style="width:100%;padding:0"><div style="padding:0 0.25em"> <ul><li><a href="/wiki/Board_for_Industrial_and_Financial_Reconstruction" title="Board for Industrial and Financial Reconstruction">BIFR</a></li> <li><a href="/wiki/Insolvency_and_Bankruptcy_Board_of_India" title="Insolvency and Bankruptcy Board of India">IBBI</a></li> <li><a href="/wiki/Central_Registry_of_Securitisation_Asset_Reconstruction_and_Security_Interest" title="Central Registry of Securitisation Asset Reconstruction and Security Interest">CERSAI</a></li></ul> </div></td></tr><tr><th scope="row" class="navbox-group" style="width:1%">Legislation</th><td class="navbox-list-with-group navbox-list navbox-even" style="width:100%;padding:0"><div style="padding:0 0.25em"> <ul><li><a href="/wiki/Insolvency_and_Bankruptcy_Code,_2016" title="Insolvency and Bankruptcy Code, 2016">IBC</a></li> <li><a href="/wiki/Securitisation_and_Reconstruction_of_Financial_Assets_and_Enforcement_of_Security_Interest_Act,_2002" title="Securitisation and Reconstruction of Financial Assets and Enforcement of Security Interest Act, 2002">SARFESI Act</a></li></ul> </div></td></tr><tr><th scope="row" class="navbox-group" style="width:1%">Companies</th><td class="navbox-list-with-group navbox-list navbox-odd" style="width:100%;padding:0"><div style="padding:0 0.25em"> <ul><li><a href="/w/index.php?title=Asset_Reconstruction_Company_of_India_Limited&action=edit&redlink=1" class="new" title="Asset Reconstruction Company of India Limited (page does not exist)">ARCIL</a></li> <li><a href="/w/index.php?title=Edelweiss_Asset_Reconstruction_Company&action=edit&redlink=1" class="new" title="Edelweiss Asset Reconstruction Company (page does not exist)">Edelweiss ARC</a></li> <li><a href="/w/index.php?title=IIFCL_Asset_Management_Company_Limited&action=edit&redlink=1" class="new" title="IIFCL Asset Management Company Limited (page does not exist)">IAMCL</a></li></ul> </div></td></tr></tbody></table><div></div></td></tr><tr><th scope="row" class="navbox-group" style="width:1%">Legislation</th><td class="navbox-list-with-group navbox-list navbox-even" style="width:100%;padding:0"><div style="padding:0 0.25em"> <ul><li><a href="/wiki/Banking_Regulation_Act,_1949" title="Banking Regulation Act, 1949">Banking Regulation Act, 1949</a></li> <li><a href="/wiki/Government_Securities_Act,_2006" title="Government Securities Act, 2006">Government Securities Act, 2006</a></li> <li><a href="/wiki/Insolvency_and_Bankruptcy_Code,_2016" title="Insolvency and Bankruptcy Code, 2016">IBC, 2016</a></li> <li><a href="/w/index.php?title=National_Bank_for_Financing_Infrastructure_and_Development_Bill,_2021&action=edit&redlink=1" class="new" title="National Bank for Financing Infrastructure and Development Bill, 2021 (page does not exist)">NaBFID, 2021</a></li> <li><a href="/wiki/Reserve_Bank_of_India_Act,_1934" title="Reserve Bank of India Act, 1934">RBI Act, 1934</a></li> <li><a href="/wiki/Securitisation_and_Reconstruction_of_Financial_Assets_and_Enforcement_of_Security_Interest_Act,_2002" title="Securitisation and Reconstruction of Financial Assets and Enforcement of Security Interest Act, 2002">SARFESI Act, 2002</a></li> <li><a href="/wiki/Income-tax_Act,_1961" class="mw-redirect" title="Income-tax Act, 1961">Income-tax Act, 1961</a></li> <li><a href="/wiki/Companies_Act,_2013" class="mw-redirect" title="Companies Act, 2013">Companies Act, 2013</a></li> <li><a href="/wiki/Insurance_Act,_1938" title="Insurance Act, 1938">Insurance Act, 1938</a></li> <li><a href="/wiki/Foreign_Exchange_Management_Act" title="Foreign Exchange Management Act">FEMA, 1999</a></li></ul> </div></td></tr><tr><th scope="row" class="navbox-group" style="width:1%">Tribunals</th><td class="navbox-list-with-group navbox-list navbox-odd" style="width:100%;padding:0"><div style="padding:0 0.25em"> <ul><li><a href="/wiki/National_Company_Law_Tribunal" title="National Company Law Tribunal">Company Law - NCLT</a></li> <li><a href="/wiki/National_Company_Law_Appellate_Tribunal" title="National Company Law Appellate Tribunal">Appellate - NCLAT</a></li></ul> </div></td></tr><tr><th scope="row" class="navbox-group" style="width:1%">Measures</th><td class="navbox-list-with-group navbox-list navbox-even" style="width:100%;padding:0"><div style="padding:0 0.25em"> <ul><li><a href="/wiki/Prompt_Corrective_Action" class="mw-redirect" title="Prompt Corrective Action">Prompt Corrective Action</a></li></ul> </div></td></tr><tr><th scope="row" class="navbox-group" style="width:1%">Other</th><td class="navbox-list-with-group navbox-list navbox-odd" style="width:100%;padding:0"><div style="padding:0 0.25em"> <ul><li><a href="/wiki/Institute_of_Banking_Personnel_Selection" title="Institute of Banking Personnel Selection">Institute of Banking Personnel Selection</a></li> <li><a href="/wiki/Mumbai_Consensus" title="Mumbai Consensus">Mumbai Consensus</a></li></ul> </div></td></tr></tbody></table><div> </div></td></tr></tbody></table></div> <div class="navbox-styles"><link rel="mw-deduplicated-inline-style" href="mw-data:TemplateStyles:r1129693374"><link rel="mw-deduplicated-inline-style" href="mw-data:TemplateStyles:r1236075235"></div><div role="navigation" class="navbox" aria-labelledby="23x15px&#124;border_&#124;alt=India&#124;link=India_Economy_of_India" style="padding:3px"><table class="nowraplinks hlist mw-collapsible autocollapse navbox-inner" style="border-spacing:0;background:transparent;color:inherit"><tbody><tr><th scope="col" class="navbox-title" colspan="2"><link rel="mw-deduplicated-inline-style" href="mw-data:TemplateStyles:r1129693374"><link rel="mw-deduplicated-inline-style" href="mw-data:TemplateStyles:r1239400231"><div class="navbar plainlinks hlist navbar-mini"><ul><li class="nv-view"><a href="/wiki/Template:Economy_of_India" title="Template:Economy of India"><abbr title="View this template">v</abbr></a></li><li class="nv-talk"><a href="/wiki/Template_talk:Economy_of_India" title="Template talk:Economy of India"><abbr title="Discuss this template">t</abbr></a></li><li class="nv-edit"><a href="/wiki/Special:EditPage/Template:Economy_of_India" title="Special:EditPage/Template:Economy of India"><abbr title="Edit this template">e</abbr></a></li></ul></div><div id="23x15px&#124;border_&#124;alt=India&#124;link=India_Economy_of_India" style="font-size:114%;margin:0 4em"><span class="flagicon"><span class="mw-image-border" typeof="mw:File"><a href="/wiki/India" title="India"><img alt="India" src="//upload.wikimedia.org/wikipedia/en/thumb/4/41/Flag_of_India.svg/23px-Flag_of_India.svg.png" decoding="async" width="23" height="15" class="mw-file-element" srcset="//upload.wikimedia.org/wikipedia/en/thumb/4/41/Flag_of_India.svg/35px-Flag_of_India.svg.png 1.5x, //upload.wikimedia.org/wikipedia/en/thumb/4/41/Flag_of_India.svg/45px-Flag_of_India.svg.png 2x" data-file-width="900" data-file-height="600" /></a></span></span> <a href="/wiki/Economy_of_India" title="Economy of India">Economy of India</a></div></th></tr><tr><th scope="row" class="navbox-group" style="width:1%"><a href="/wiki/List_of_companies_of_India" title="List of companies of India">Companies</a></th><td class="navbox-list-with-group navbox-list navbox-odd" style="width:100%;padding:0"><div style="padding:0 0.25em"> <ul><li><a href="/wiki/BSE_SENSEX" title="BSE SENSEX">BSE SENSEX</a></li> <li><a href="/wiki/NIFTY_50" title="NIFTY 50">NIFTY 50</a></li></ul> </div></td></tr><tr><th scope="row" class="navbox-group" style="width:1%">Governance</th><td class="navbox-list-with-group navbox-list navbox-even" style="width:100%;padding:0"><div style="padding:0 0.25em"> <ul><li><a href="/wiki/Ministry_of_Finance_(India)" title="Ministry of Finance (India)">Ministry of Finance</a> <ul><li><a href="/wiki/Minister_of_Finance_(India)" title="Minister of Finance (India)">Finance ministers</a></li></ul></li> <li><a href="/wiki/Ministry_of_Commerce_and_Industry_(India)" title="Ministry of Commerce and Industry (India)">Ministry of Commerce and Industry</a></li> <li><a href="/wiki/Finance_Commission" title="Finance Commission">Finance Commission</a></li> <li><a href="/wiki/Economic_Advisory_Council" title="Economic Advisory Council">Economic Advisory Council</a></li> <li><a href="/wiki/Central_Statistics_Office_(India)" title="Central Statistics Office (India)">Central Statistical Office</a></li> <li><a href="/wiki/Securities_and_Exchange_Board_of_India" title="Securities and Exchange Board of India">Securities and Exchange Board of India</a></li> <li><a href="/wiki/Enforcement_Directorate" title="Enforcement Directorate">Enforcement Directorate</a></li> <li><a href="/wiki/External_debt_of_India" title="External debt of India">External debt</a></li> <li><a href="/wiki/Foreign_trade_of_India" title="Foreign trade of India">Foreign trade</a></li> <li><a href="/wiki/Foreign_direct_investment_in_India" title="Foreign direct investment in India">Foreign direct investment</a></li> <li><a href="/wiki/Foreign-exchange_reserves_of_India" title="Foreign-exchange reserves of India">Foreign exchange reserves</a></li> <li><a href="/wiki/Remittances_to_India" title="Remittances to India">Remittances</a></li> <li><a href="/wiki/Taxation_in_India" title="Taxation in India">Taxation</a></li> <li><a href="/wiki/Subsidies_in_India" title="Subsidies in India">Subsidies</a></li> <li><a href="/wiki/Industrial_licensing_in_India" title="Industrial licensing in India">Industrial licensing</a></li> <li><a href="/wiki/National_Voluntary_Guidelines_on_Social,_Environmental_and_Economic_Responsibilities_of_Business" title="National Voluntary Guidelines on Social, Environmental and Economic Responsibilities of Business">Voluntary guidelines</a></li> <li><a href="/wiki/NITI_Aayog" title="NITI Aayog">NITI Aayog</a></li> <li><a href="/wiki/Make_in_India" title="Make in India">Make in India</a></li> <li><a href="/wiki/Atmanirbhar_Bharat" title="Atmanirbhar Bharat">Atmanirbhar Bharat</a></li></ul> </div></td></tr><tr><th scope="row" class="navbox-group" style="width:1%">Currency</th><td class="navbox-list-with-group navbox-list navbox-odd" style="width:100%;padding:0"><div style="padding:0 0.25em"> <ul><li><a href="/wiki/Indian_rupee" title="Indian rupee">Indian rupee</a> <ul><li><a href="/wiki/Indian_rupee_sign" title="Indian rupee sign">Sign</a></li> <li><a href="/wiki/History_of_the_rupee" title="History of the rupee">History</a></li> <li><a href="/wiki/Exchange_rate_history_of_the_Indian_rupee" title="Exchange rate history of the Indian rupee">Historical Forex</a></li> <li><a href="/wiki/Digital_rupee" title="Digital rupee">Digital rupee</a></li> <li><a href="/wiki/Coinage_of_India" title="Coinage of India">Coinage</a></li> <li><a href="/wiki/Indian_paisa" title="Indian paisa">Paisa</a></li></ul></li> <li><a class="mw-selflink selflink">Reserve Bank of India</a> <ul><li><a href="/wiki/List_of_governors_of_the_Reserve_Bank_of_India" title="List of governors of the Reserve Bank of India">Governor</a></li> <li><a href="/wiki/India_Government_Mint" title="India Government Mint">Mint</a></li></ul></li> <li><a href="/wiki/Inflation_in_India" title="Inflation in India">Inflation</a></li></ul> </div></td></tr><tr><th scope="row" class="navbox-group" style="width:1%">Financial services</th><td class="navbox-list-with-group navbox-list navbox-even" style="width:100%;padding:0"><div style="padding:0 0.25em"> <ul><li><a href="/wiki/Banking_in_India" title="Banking in India">Banking</a></li> <li><a href="/wiki/Insurance_in_India" title="Insurance in India">Insurance</a></li> <li><a href="/wiki/Multi_Commodity_Exchange" title="Multi Commodity Exchange">Multi Commodity Exchange</a></li> <li><a href="/wiki/The_Gold_(Control)_Act,_1968" title="The Gold (Control) Act, 1968">Bullion</a></li> <li><a href="/wiki/Indian_black_money" title="Indian black money">Black money</a> <ul><li><a href="/wiki/Bombay_Stock_Exchange" title="Bombay Stock Exchange">Bombay</a></li> <li><a href="/wiki/National_Stock_Exchange_of_India" title="National Stock Exchange of India">National</a></li></ul></li></ul> </div></td></tr><tr><th scope="row" class="navbox-group" style="width:1%"><a href="/wiki/Economic_history_of_India" title="Economic history of India">History</a></th><td class="navbox-list-with-group navbox-list navbox-odd" style="width:100%;padding:0"><div style="padding:0 0.25em"> <ul><li><a href="/wiki/Economic_impact_of_the_COVID-19_pandemic_in_India" title="Economic impact of the COVID-19 pandemic in India">COVID-19 impact</a></li> <li><a href="/wiki/Economic_development_in_India" title="Economic development in India">Economic development</a></li> <li><a href="/wiki/Economic_liberalisation_in_India" title="Economic liberalisation in India">Liberalisation</a></li> <li><a href="/wiki/Licence_Raj" title="Licence Raj">Licence Raj</a></li> <li><a href="/wiki/Green_Revolution_in_India" title="Green Revolution in India">Green revolution</a></li> <li><a href="/wiki/List_of_schemes_of_the_government_of_India" title="List of schemes of the government of India">Government initiatives</a></li> <li><a href="/wiki/Indian_numbering_system" title="Indian numbering system">Numbering system</a></li></ul> </div></td></tr><tr><th scope="row" class="navbox-group" style="width:1%">People</th><td class="navbox-list-with-group navbox-list navbox-even" style="width:100%;padding:0"><div style="padding:0 0.25em"> <ul><li><a href="/wiki/List_of_Indians_by_net_worth" title="List of Indians by net worth">Billionaires</a></li> <li><a href="/wiki/Demographics_of_India" title="Demographics of India">Demography</a></li> <li><a href="/wiki/Income_in_India" title="Income in India">Income</a> <ul><li><a href="/wiki/Poverty_in_India" title="Poverty in India">Poverty</a></li></ul></li> <li><a href="/wiki/Indian_labour_law" title="Indian labour law">Labour law</a></li> <li><a href="/wiki/Pensions_in_India" title="Pensions in India">Pensions</a> <ul><li><a href="/wiki/Employees%27_Provident_Fund_Organisation" title="Employees' Provident Fund Organisation">EPFO</a></li> <li><a href="/wiki/National_Pension_Scheme" class="mw-redirect" title="National Pension Scheme">NPS</a></li> <li><a href="/wiki/Public_Provident_Fund_(India)" title="Public Provident Fund (India)">PPF</a></li></ul></li></ul> </div></td></tr><tr><th scope="row" class="navbox-group" style="width:1%">By state</th><td class="navbox-list-with-group navbox-list navbox-odd" style="width:100%;padding:0"><div style="padding:0 0.25em"> <ul><li><a href="/wiki/Economy_of_Andhra_Pradesh" title="Economy of Andhra Pradesh">Andhra Pradesh</a></li> <li><a href="/wiki/Economy_of_Assam" title="Economy of Assam">Assam</a></li> <li><a href="/wiki/Economy_of_Bihar" title="Economy of Bihar">Bihar</a></li> <li><a href="/wiki/Economy_of_Delhi" title="Economy of Delhi">Delhi</a></li> <li><a href="/wiki/Economy_of_Goa" class="mw-redirect" title="Economy of Goa">Goa</a></li> <li><a href="/wiki/Economy_of_Gujarat" title="Economy of Gujarat">Gujarat</a></li> <li><a href="/wiki/Economy_of_Haryana" title="Economy of Haryana">Haryana</a></li> <li><a href="/wiki/Economy_of_Himachal_Pradesh" title="Economy of Himachal Pradesh">Himachal Pradesh</a></li> <li><a href="/wiki/Economy_of_Jammu_and_Kashmir" class="mw-redirect" title="Economy of Jammu and Kashmir">Jammu and Kashmir</a></li> <li><a href="/wiki/Economy_of_Jharkhand" class="mw-redirect" title="Economy of Jharkhand">Jharkhand</a></li> <li><a href="/wiki/Economy_of_Karnataka" title="Economy of Karnataka">Karnataka</a></li> <li><a href="/wiki/Economy_of_Kerala" title="Economy of Kerala">Kerala</a></li> <li><a href="/wiki/Economy_of_Ladakh" class="mw-redirect" title="Economy of Ladakh">Ladakh</a></li> <li><a href="/wiki/Economy_of_Madhya_Pradesh" title="Economy of Madhya Pradesh">Madhya Pradesh</a></li> <li><a href="/wiki/Economy_of_Maharashtra" title="Economy of Maharashtra">Maharashtra</a></li> <li><a href="/wiki/Economy_of_Mizoram" title="Economy of Mizoram">Mizoram</a></li> <li><a href="/wiki/Economy_of_Odisha" title="Economy of Odisha">Odisha</a></li> <li><a href="/wiki/Economy_of_Punjab,_India" title="Economy of Punjab, India">Punjab</a></li> <li><a href="/wiki/Economy_of_Rajasthan" title="Economy of Rajasthan">Rajasthan</a></li> <li><a href="/wiki/Economy_of_Tamil_Nadu" title="Economy of Tamil Nadu">Tamil Nadu</a></li> <li><a href="/wiki/Economy_of_Telangana" title="Economy of Telangana">Telangana</a></li> <li><a href="/wiki/Economy_of_Uttarakhand" title="Economy of Uttarakhand">Uttarakhand</a></li> <li><a href="/wiki/Economy_of_Uttar_Pradesh" title="Economy of Uttar Pradesh">Uttar Pradesh</a></li> <li><a href="/wiki/Economy_of_West_Bengal" title="Economy of West Bengal">West Bengal</a></li></ul> </div></td></tr><tr><th scope="row" class="navbox-group" style="width:1%">Sectors</th><td class="navbox-list-with-group navbox-list navbox-even" style="width:100%;padding:0"><div style="padding:0 0.25em"> <ul><li><a href="/wiki/Agriculture_in_India" title="Agriculture in India">Agriculture</a> <ul><li><a href="/wiki/Animal_husbandry_in_India" title="Animal husbandry in India">Livestock</a></li> <li><a href="/wiki/Fishing_in_India" title="Fishing in India">Fishing</a></li></ul></li> <li><a href="/wiki/Automotive_industry_in_India" title="Automotive industry in India">Automotive</a></li> <li><a href="/wiki/Chemical_industry_in_India" title="Chemical industry in India">Chemical</a></li> <li><a href="/wiki/Construction_industry_of_India" title="Construction industry of India">Construction</a></li> <li><a href="/wiki/Defence_industry_of_India" title="Defence industry of India">Defence</a></li> <li><a href="/wiki/Education_in_India" title="Education in India">Education</a></li> <li><a href="/wiki/Energy_in_India" title="Energy in India">Energy</a> <ul><li><a href="/wiki/Electricity_sector_in_India" title="Electricity sector in India">Electricity</a></li> <li><a href="/wiki/Nuclear_power_in_India" title="Nuclear power in India">Nuclear</a></li> <li><a href="/wiki/Oil_and_gas_industry_in_India" title="Oil and gas industry in India">Oil and gas</a></li> <li><a href="/wiki/Solar_power_in_India" title="Solar power in India">Solar</a></li> <li><a href="/wiki/Wind_power_in_India" title="Wind power in India">Wind</a></li></ul></li> <li><a href="/wiki/Electronics_and_semiconductor_manufacturing_industry_in_India" title="Electronics and semiconductor manufacturing industry in India">Electronics and semiconductor</a></li> <li><a href="/wiki/Entertainment_industry_in_India" class="mw-redirect" title="Entertainment industry in India">Entertainment</a></li> <li><a href="/wiki/Forestry_in_India" title="Forestry in India">Forestry</a></li> <li><a href="/wiki/Gambling_in_India" title="Gambling in India">Gambling</a></li> <li><a href="/wiki/Healthcare_in_India" title="Healthcare in India">Healthcare</a></li> <li><a href="/wiki/Information_technology_in_India" title="Information technology in India">Information technology</a></li> <li><a href="/wiki/Media_of_India" class="mw-redirect" title="Media of India">Media</a> <ul><li><a href="/wiki/Cinema_of_India" title="Cinema of India">Cinema</a></li> <li><a href="/wiki/FM_broadcasting_in_India" title="FM broadcasting in India">FM Radio</a></li> <li><a href="/wiki/Television_in_India" title="Television in India">Television</a></li> <li><a href="/wiki/Printing_industry_in_India" title="Printing industry in India">Printing</a></li></ul></li> <li><a href="/wiki/Mining_in_India" title="Mining in India">Mining</a> <ul><li><a href="/wiki/Coal_in_India" title="Coal in India">Coal</a></li> <li><a href="/wiki/Iron_and_steel_industry_in_India" title="Iron and steel industry in India">Iron and Steel</a></li></ul></li> <li><a href="/wiki/Pharmaceutical_industry_in_India" title="Pharmaceutical industry in India">Pharmaceuticals</a></li> <li><a href="/wiki/Pulp_and_paper_industry_in_India" title="Pulp and paper industry in India">Pulp and paper</a></li> <li><a href="/wiki/Retailing_in_India" title="Retailing in India">Retail</a></li> <li><a href="/wiki/Science_and_technology_in_India" title="Science and technology in India">Science and technology</a> <ul><li><a href="/wiki/Biotechnology_in_India" title="Biotechnology in India">Biotechnology</a></li></ul></li> <li><a href="/wiki/Space_industry_of_India" title="Space industry of India">Space</a></li> <li><a href="/wiki/Telecommunications_in_India" title="Telecommunications in India">Telecommunications</a></li> <li><a href="/wiki/Textile_industry_in_India" title="Textile industry in India">Textiles</a></li> <li><a href="/wiki/Tourism_in_India" title="Tourism in India">Tourism</a></li> <li><a href="/wiki/Transport_in_India" title="Transport in India">Transport</a> <ul><li><a href="/wiki/Aviation_in_India" title="Aviation in India">Aviation</a> <ul><li><a href="/wiki/Civil_aviation_in_India" title="Civil aviation in India">Civil</a></li></ul></li> <li><a href="/wiki/List_of_ports_in_India" title="List of ports in India">Ports</a></li> <li><a href="/wiki/Rail_transport_in_India" title="Rail transport in India">Rail</a></li> <li><a href="/wiki/Roads_in_India" title="Roads in India">Roads</a></li></ul></li> <li><a href="/wiki/List_of_electricity_organisations_in_India" title="List of electricity organisations in India">Electricity</a></li> <li><a href="/wiki/Water_supply_and_sanitation_in_India" title="Water supply and sanitation in India">Water</a></li></ul> </div></td></tr><tr><th scope="row" class="navbox-group" style="width:1%">Regulator</th><td class="navbox-list-with-group navbox-list navbox-odd" style="width:100%;padding:0"><div style="padding:0 0.25em"> <ul><li><a href="/wiki/Insurance_Regulatory_and_Development_Authority" title="Insurance Regulatory and Development Authority">IRDAI</a></li> <li><a class="mw-selflink selflink">RBI</a></li> <li><a href="/wiki/SEBI" class="mw-redirect" title="SEBI">SEBI</a></li> <li><a href="/wiki/Insolvency_and_Bankruptcy_Board_of_India" title="Insolvency and Bankruptcy Board of India">IBBI</a></li></ul> </div></td></tr><tr><th scope="row" class="navbox-group" style="width:1%">Other</th><td class="navbox-list-with-group navbox-list navbox-even" style="width:100%;padding:0"><div style="padding:0 0.25em"> <ul><li><a href="/wiki/National_Company_Law_Tribunal" title="National Company Law Tribunal">NCLT</a> <ul><li><a href="/wiki/National_Company_Law_Appellate_Tribunal" title="National Company Law Appellate Tribunal">NCLAT</a></li></ul></li> <li><a href="/wiki/Board_for_Industrial_and_Financial_Reconstruction" title="Board for Industrial and Financial Reconstruction">BIFR</a></li> <li><a href="/wiki/Insolvency_and_Bankruptcy_Board_of_India" title="Insolvency and Bankruptcy Board of India">IBBI</a></li> <li><a href="/wiki/Insolvency_and_Bankruptcy_Code,_2016" title="Insolvency and Bankruptcy Code, 2016">IBC</a></li> <li><a href="/wiki/Securitisation_and_Reconstruction_of_Financial_Assets_and_Enforcement_of_Security_Interest_Act,_2002" title="Securitisation and Reconstruction of Financial Assets and Enforcement of Security Interest Act, 2002">SARFESI Act</a></li> <li><a href="/wiki/Income-tax_Act,_1961" class="mw-redirect" title="Income-tax Act, 1961">Income Tax Act</a></li> <li><a href="/wiki/Companies_Act,_2013" class="mw-redirect" title="Companies Act, 2013">Companies Act</a></li> <li><a href="/wiki/Banking_Regulation_Act,_1949" title="Banking Regulation Act, 1949">Banking Act</a></li> <li><a href="/wiki/Insurance_Act,_1938" title="Insurance Act, 1938">Insurance Act</a></li> <li><a href="/wiki/Foreign_Exchange_Management_Act" title="Foreign Exchange Management Act">FEMA</a></li> <li><a href="/wiki/Mumbai_Consensus" title="Mumbai Consensus">Mumbai Consensus</a></li></ul> </div></td></tr><tr><td class="navbox-abovebelow" colspan="2"><div> 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//upload.wikimedia.org/wikipedia/en/thumb/4/4a/Commons-logo.svg/24px-Commons-logo.svg.png 2x" data-file-width="1024" data-file-height="1376" /></span></span> <a href="https://commons.wikimedia.org/wiki/Category:Economy_of_India" class="extiw" title="commons:Category:Economy of India">Commons</a></li> <li><span class="noviewer" typeof="mw:File"><span title="Wikiquote page"><img alt="" src="//upload.wikimedia.org/wikipedia/commons/thumb/f/fa/Wikiquote-logo.svg/13px-Wikiquote-logo.svg.png" decoding="async" width="13" height="16" class="mw-file-element" srcset="//upload.wikimedia.org/wikipedia/commons/thumb/f/fa/Wikiquote-logo.svg/20px-Wikiquote-logo.svg.png 1.5x, //upload.wikimedia.org/wikipedia/commons/thumb/f/fa/Wikiquote-logo.svg/27px-Wikiquote-logo.svg.png 2x" data-file-width="300" data-file-height="355" /></span></span> <a href="https://en.wikiquote.org/wiki/Economy_of_India" class="extiw" title="wikiquote:Economy of India">Wikiquotes</a></li></ul> </div></td></tr></tbody></table></div> <div class="navbox-styles"><link rel="mw-deduplicated-inline-style" href="mw-data:TemplateStyles:r1129693374"><link rel="mw-deduplicated-inline-style" href="mw-data:TemplateStyles:r1236075235"></div><div role="navigation" class="navbox" aria-labelledby="Indian_rupee_(₹)" style="padding:3px"><table class="nowraplinks mw-collapsible autocollapse navbox-inner" style="border-spacing:0;background:transparent;color:inherit"><tbody><tr><th scope="col" class="navbox-title" colspan="2"><link rel="mw-deduplicated-inline-style" href="mw-data:TemplateStyles:r1129693374"><link rel="mw-deduplicated-inline-style" href="mw-data:TemplateStyles:r1239400231"><div class="navbar plainlinks hlist navbar-mini"><ul><li class="nv-view"><a href="/wiki/Template:Indian_currency" title="Template:Indian currency"><abbr title="View this template">v</abbr></a></li><li class="nv-talk"><a href="/wiki/Template_talk:Indian_currency" title="Template talk:Indian currency"><abbr title="Discuss this template">t</abbr></a></li><li class="nv-edit"><a href="/wiki/Special:EditPage/Template:Indian_currency" title="Special:EditPage/Template:Indian currency"><abbr title="Edit this template">e</abbr></a></li></ul></div><div id="Indian_rupee_(₹)" style="font-size:114%;margin:0 4em"><a href="/wiki/Indian_rupee" title="Indian rupee">Indian rupee</a> (<a href="/wiki/Indian_rupee_sign" title="Indian rupee sign">₹</a>)</div></th></tr><tr><th scope="row" class="navbox-group" style="width:1%">Subunits</th><td class="navbox-list-with-group navbox-list navbox-odd hlist" style="width:100%;padding:0"><div style="padding:0 0.25em"> <ul><li><i><a href="/wiki/Indian_pie" title="Indian pie">Pie</a> (obsolete)</i></li> <li><i><a href="/wiki/Indian_anna" title="Indian anna">Anna</a> (obsolete)</i></li> <li><a href="/wiki/Indian_paisa" title="Indian paisa">Paisa</a></li></ul> </div></td></tr><tr><th scope="row" class="navbox-group" style="width:1%"><a href="/wiki/Coins_of_the_Indian_rupee" title="Coins of the Indian rupee">Coins</a></th><td class="navbox-list-with-group navbox-list navbox-odd hlist" style="width:100%;padding:0"><div style="padding:0 0.25em"></div><table class="nowraplinks navbox-subgroup" style="border-spacing:0"><tbody><tr><th scope="row" class="navbox-group" style="width:1%">Present</th><td class="navbox-list-with-group navbox-list navbox-even" style="width:100%;padding:0"><div style="padding:0 0.25em"> <ul><li><a href="/wiki/Indian_50-paise_coin" class="mw-redirect" title="Indian 50-paise coin">50</a><span typeof="mw:File"><a href="/wiki/File:Indian_Paisa_symbol.svg" class="mw-file-description"><img src="//upload.wikimedia.org/wikipedia/commons/thumb/4/45/Indian_Paisa_symbol.svg/10px-Indian_Paisa_symbol.svg.png" decoding="async" width="10" height="10" class="mw-file-element" srcset="//upload.wikimedia.org/wikipedia/commons/thumb/4/45/Indian_Paisa_symbol.svg/15px-Indian_Paisa_symbol.svg.png 1.5x, //upload.wikimedia.org/wikipedia/commons/thumb/4/45/Indian_Paisa_symbol.svg/20px-Indian_Paisa_symbol.svg.png 2x" data-file-width="480" data-file-height="503" /></a></span></li> <li><span style="white-space: nowrap">₹</span><a href="/wiki/Indian_1-rupee_coin" title="Indian 1-rupee coin">1</a></li> <li><span style="white-space: nowrap">₹</span><a href="/wiki/Indian_2-rupee_coin" title="Indian 2-rupee coin">2</a></li> <li><span style="white-space: nowrap">₹</span><a href="/wiki/Indian_5-rupee_coin" title="Indian 5-rupee coin">5</a></li> <li><span style="white-space: nowrap">₹</span><a href="/wiki/Indian_10-rupee_coin" title="Indian 10-rupee coin">10</a></li> <li><span style="white-space: nowrap">₹</span><a href="/wiki/Indian_20-rupee_coin" title="Indian 20-rupee coin">20</a></li></ul> </div></td></tr><tr><th scope="row" class="navbox-group" style="width:1%">Obsolete</th><td class="navbox-list-with-group navbox-list navbox-odd" style="width:100%;padding:0"><div style="padding:0 0.25em"> <ul><li><a href="/wiki/Indian_1-paisa_coin" title="Indian 1-paisa coin">1 paisa</a></li> <li><a href="/wiki/Indian_2-paisa_coin" title="Indian 2-paisa coin">2 paise</a></li> <li><a href="/wiki/Indian_3-paise_coin" class="mw-redirect" title="Indian 3-paise coin">3 paise</a></li> <li><a href="/wiki/Indian_5-paise_coin" class="mw-redirect" title="Indian 5-paise coin">5 paise</a></li> <li><a href="/wiki/Indian_10-paisa_coin" title="Indian 10-paisa coin">10 paise</a></li> <li><a href="/wiki/Indian_20-paisa_coin" title="Indian 20-paisa coin">20 paise</a></li> <li><a href="/wiki/Indian_25-paisa_coin" title="Indian 25-paisa coin">25 paise</a></li></ul> </div></td></tr></tbody></table><div></div></td></tr><tr><th scope="row" class="navbox-group" style="width:1%">Banknotes</th><td class="navbox-list-with-group navbox-list navbox-odd hlist" style="width:100%;padding:0"><div style="padding:0 0.25em"></div><table class="nowraplinks navbox-subgroup" style="border-spacing:0"><tbody><tr><th scope="row" class="navbox-group" style="width:1%">Series</th><td class="navbox-list-with-group navbox-list navbox-even" style="width:100%;padding:0"><div style="padding:0 0.25em"> <ul><li><a href="/wiki/Lion_Capital_Series" title="Lion Capital Series">Lion Capital Series</a></li> <li><a href="/wiki/Mahatma_Gandhi_Series" title="Mahatma Gandhi Series">Mahatma Gandhi Series</a></li> <li><a href="/wiki/Mahatma_Gandhi_New_Series" title="Mahatma Gandhi New Series">Mahatma Gandhi New Series</a></li> <li><a href="/wiki/Digital_rupee" title="Digital rupee">Digital rupee</a> (e<span style="white-space: nowrap">₹</span>)</li></ul> </div></td></tr><tr><th scope="row" class="navbox-group" style="width:1%">Denominations</th><td class="navbox-list-with-group navbox-list navbox-odd" style="width:100%;padding:0"><div style="padding:0 0.25em"> <ul><li><span style="white-space: nowrap">₹</span><a href="/wiki/Indian_1-rupee_note" title="Indian 1-rupee note">1</a></li> <li><span style="white-space: nowrap">₹</span><a href="/wiki/Indian_5-rupee_note" title="Indian 5-rupee note">5</a></li> <li><span style="white-space: nowrap">₹</span><a href="/wiki/Indian_10-rupee_note" title="Indian 10-rupee note">10</a></li> <li><span style="white-space: nowrap">₹</span><a href="/wiki/Indian_20-rupee_note" title="Indian 20-rupee note">20</a></li> <li><span style="white-space: nowrap">₹</span><a href="/wiki/Indian_50-rupee_note" title="Indian 50-rupee note">50</a></li> <li><span style="white-space: nowrap">₹</span><a href="/wiki/Indian_100-rupee_note" title="Indian 100-rupee note">100</a></li> <li><span style="white-space: nowrap">₹</span><a href="/wiki/Indian_200-rupee_note" title="Indian 200-rupee note">200</a></li> <li><span style="white-space: nowrap">₹</span><a href="/wiki/Indian_500-rupee_note" title="Indian 500-rupee note">500</a></li> <li><i>obsolete</i> <ul><li><i><span style="white-space: nowrap">₹</span><a href="/wiki/Indian_2-rupee_note" title="Indian 2-rupee note">2</a></i></li> <li><i><span style="white-space: nowrap">₹</span><a href="/wiki/Indian_1000-rupee_note" title="Indian 1000-rupee note">1000</a></i></li> <li><i><span style="white-space: nowrap">₹</span><a href="/wiki/Indian_2000-rupee_note" title="Indian 2000-rupee note">2000</a></i></li></ul></li></ul> </div></td></tr></tbody></table><div></div></td></tr><tr><th scope="row" class="navbox-group" style="width:1%">Symbol</th><td class="navbox-list-with-group navbox-list navbox-even hlist" style="width:100%;padding:0"><div style="padding:0 0.25em"> <ul><li><a href="/wiki/Indian_rupee_sign" title="Indian rupee sign">Indian rupee sign</a></li></ul> </div></td></tr><tr><th scope="row" class="navbox-group" style="width:1%"><a href="/wiki/Mint_(coin)" class="mw-redirect" title="Mint (coin)">Mints</a></th><td class="navbox-list-with-group navbox-list navbox-odd hlist" style="width:100%;padding:0"><div style="padding:0 0.25em"> <ul><li><a href="/wiki/India_Government_Mint" title="India Government Mint">India Government Mint</a> <ul><li><a href="/wiki/India_Government_Mint,_Hyderabad" title="India Government Mint, Hyderabad">Hyderabad Mint</a></li> <li><a href="/wiki/India_Government_Mint,_Kolkata" title="India Government Mint, Kolkata">Kolkata Mint</a></li> <li><a href="/wiki/India_Government_Mint,_Mumbai" title="India Government Mint, Mumbai">Mumbai Mint</a></li> <li><a href="/wiki/India_Government_Mint,_Noida" title="India Government Mint, Noida">Noida Mint</a></li></ul></li></ul> </div></td></tr><tr><th scope="row" class="navbox-group" style="width:1%"><a href="/wiki/Banknotes" class="mw-redirect" title="Banknotes">Printers</a></th><td class="navbox-list-with-group navbox-list navbox-even hlist" style="width:100%;padding:0"><div style="padding:0 0.25em"> <ul><li><a href="/wiki/Security_Printing_and_Minting_Corporation_of_India" title="Security Printing and Minting Corporation of India">SPMCIL</a> <ul><li><a href="/wiki/Nashik" title="Nashik">Nashik</a></li> <li><a href="/wiki/Dewas" title="Dewas">Dewas</a></li></ul></li> <li><a href="/wiki/Bharatiya_Reserve_Bank_Note_Mudran" title="Bharatiya Reserve Bank Note Mudran">BRBNML</a> <ul><li><a href="/wiki/Mysore" title="Mysore">Mysore</a></li> <li><a href="/wiki/Salboni" title="Salboni">Salboni</a></li></ul></li></ul> </div></td></tr><tr><th scope="row" class="navbox-group" style="width:1%">Topics</th><td class="navbox-list-with-group navbox-list navbox-odd hlist" style="width:100%;padding:0"><div style="padding:0 0.25em"> <ul><li><a class="mw-selflink selflink">Reserve Bank of India</a></li> <li><a href="/wiki/National_Payments_Corporation_of_India" title="National Payments Corporation of India">National Payments Corporation of India</a></li> <li><a href="/wiki/Economy_of_India" title="Economy of India">Economy of India</a></li> <li><a href="/wiki/The_High_Denomination_Bank_Notes_(Demonetisation)_Act,_1978" title="The High Denomination Bank Notes (Demonetisation) Act, 1978">1978 demonetisation</a></li> <li><a href="/wiki/2016_Indian_banknote_demonetisation" title="2016 Indian banknote demonetisation">2016 demonetisation</a></li></ul> </div></td></tr></tbody></table></div> <div class="navbox-styles"><link rel="mw-deduplicated-inline-style" href="mw-data:TemplateStyles:r1129693374"><link rel="mw-deduplicated-inline-style" href="mw-data:TemplateStyles:r1236075235"></div><div role="navigation" class="navbox" aria-labelledby="Central_banks_by_country" style="padding:3px"><table class="nowraplinks hlist mw-collapsible autocollapse navbox-inner" style="border-spacing:0;background:transparent;color:inherit"><tbody><tr><th scope="col" class="navbox-title" colspan="2"><link rel="mw-deduplicated-inline-style" href="mw-data:TemplateStyles:r1129693374"><link rel="mw-deduplicated-inline-style" href="mw-data:TemplateStyles:r1239400231"><div class="navbar plainlinks hlist navbar-mini"><ul><li class="nv-view"><a href="/wiki/Template:Central_banks_by_country" title="Template:Central banks by country"><abbr title="View this template">v</abbr></a></li><li class="nv-talk"><a href="/wiki/Template_talk:Central_banks_by_country" title="Template talk:Central banks by country"><abbr title="Discuss this template">t</abbr></a></li><li class="nv-edit"><a href="/wiki/Special:EditPage/Template:Central_banks_by_country" title="Special:EditPage/Template:Central banks by country"><abbr title="Edit this template">e</abbr></a></li></ul></div><div id="Central_banks_by_country" style="font-size:114%;margin:0 4em">Central banks by country</div></th></tr><tr><th scope="row" class="navbox-group" style="width:1%">Africa</th><td class="navbox-list-with-group navbox-list navbox-odd" style="width:100%;padding:0"><div style="padding:0 0.25em"> <ul><li><a href="/wiki/Bank_of_Central_African_States" title="Bank of Central African States">Central African States</a></li> <li><a href="/wiki/Central_Bank_of_West_African_States" title="Central Bank of West African States">West African States</a></li> <li><a href="/wiki/Bank_of_Algeria" title="Bank of Algeria">Algeria</a></li> <li><a href="/wiki/National_Bank_of_Angola" title="National Bank of Angola">Angola</a></li> <li><a href="/wiki/Bank_of_Botswana" title="Bank of Botswana">Botswana</a></li> <li><a href="/wiki/Bank_of_the_Republic_of_Burundi" title="Bank of the Republic of Burundi">Burundi</a></li> <li><a href="/wiki/Bank_of_Cape_Verde" title="Bank of Cape Verde">Cape Verde</a></li> <li><a href="/wiki/Central_Bank_of_the_Comoros" title="Central Bank of the Comoros">Comoros</a></li> <li><a href="/wiki/Central_Bank_of_the_Congo" title="Central Bank of the Congo">Congo</a></li> <li><a href="/wiki/Central_Bank_of_Djibouti" title="Central Bank of Djibouti">Djibouti</a></li> <li><a href="/wiki/Central_Bank_of_Egypt" title="Central Bank of Egypt">Egypt</a></li> <li><a href="/wiki/Bank_of_Eritrea" title="Bank of Eritrea">Eritrea</a></li> <li><a href="/wiki/Central_Bank_of_Eswatini" title="Central Bank of Eswatini">Eswatini</a></li> <li><a href="/wiki/National_Bank_of_Ethiopia" title="National Bank of Ethiopia">Ethiopia</a></li> <li><a href="/wiki/Central_Bank_of_The_Gambia" class="mw-redirect" title="Central Bank of The Gambia">Gambia</a></li> <li><a href="/wiki/Bank_of_Ghana" title="Bank of Ghana">Ghana</a></li> <li><a href="/wiki/Central_Bank_of_the_Republic_of_Guinea" title="Central Bank of the Republic of Guinea">Guinea</a></li> <li><a href="/wiki/Central_Bank_of_Kenya" title="Central Bank of Kenya">Kenya</a></li> <li><a href="/wiki/Central_Bank_of_Lesotho" title="Central Bank of Lesotho">Lesotho</a></li> <li><a href="/wiki/Central_Bank_of_Liberia" title="Central Bank of Liberia">Liberia</a></li> <li><a href="/wiki/Central_Bank_of_Libya" title="Central Bank of Libya">Libya</a></li> <li><a href="/wiki/Central_Bank_of_Madagascar" title="Central Bank of Madagascar">Madagascar</a></li> <li><a href="/wiki/Reserve_Bank_of_Malawi" title="Reserve Bank of Malawi">Malawi</a></li> <li><a href="/wiki/Central_Bank_of_Mauritania" title="Central Bank of Mauritania">Mauritania</a></li> <li><a href="/wiki/Bank_of_Mauritius" title="Bank of Mauritius">Mauritius</a></li> <li><a href="/wiki/Bank_Al-Maghrib" title="Bank Al-Maghrib">Morocco</a></li> <li><a href="/wiki/Bank_of_Mozambique" title="Bank of Mozambique">Mozambique</a></li> <li><a href="/wiki/Bank_of_Namibia" title="Bank of Namibia">Namibia</a></li> <li><a href="/wiki/Central_Bank_of_Nigeria" title="Central Bank of Nigeria">Nigeria</a></li> <li><a href="/wiki/National_Bank_of_Rwanda" title="National Bank of Rwanda">Rwanda</a></li> <li><a href="/wiki/Central_Bank_of_S%C3%A3o_Tom%C3%A9_and_Pr%C3%ADncipe" title="Central Bank of São Tomé and Príncipe">São Tomé and Príncipe</a></li> <li><a href="/wiki/Central_Bank_of_Seychelles" title="Central Bank of Seychelles">Seychelles</a></li> <li><a href="/wiki/Bank_of_Sierra_Leone" title="Bank of Sierra Leone">Sierra Leone</a></li> <li><a href="/wiki/Central_Bank_of_Somalia" title="Central Bank of Somalia">Somalia</a></li> <li><i><a href="/wiki/Bank_of_Somaliland" title="Bank of Somaliland">Somaliland</a></i></li> <li><a href="/wiki/South_African_Reserve_Bank" title="South African Reserve Bank">South Africa</a></li> <li><a href="/wiki/Bank_of_South_Sudan" title="Bank of South Sudan">South Sudan</a></li> <li><a href="/wiki/Central_Bank_of_Sudan" title="Central Bank of Sudan">Sudan</a></li> <li><a href="/wiki/Bank_of_Tanzania" title="Bank of Tanzania">Tanzania</a></li> <li><a href="/wiki/Central_Bank_of_Tunisia" title="Central Bank of Tunisia">Tunisia</a></li> <li><a href="/wiki/Bank_of_Uganda" title="Bank of Uganda">Uganda</a></li> <li><a href="/wiki/Bank_of_Zambia" title="Bank of Zambia">Zambia</a></li> <li><a href="/wiki/Reserve_Bank_of_Zimbabwe" title="Reserve Bank of Zimbabwe">Zimbabwe</a></li></ul> </div></td></tr><tr><th scope="row" class="navbox-group" style="width:1%">Asia</th><td class="navbox-list-with-group navbox-list navbox-even" style="width:100%;padding:0"><div style="padding:0 0.25em"> <ul><li><a href="/wiki/Da_Afghanistan_Bank" title="Da Afghanistan Bank">Afghanistan</a></li> <li><a href="/wiki/Central_Bank_of_Bahrain" title="Central Bank of Bahrain">Bahrain</a></li> <li><a href="/wiki/Bangladesh_Bank" title="Bangladesh Bank">Bangladesh</a></li> <li><a href="/wiki/Royal_Monetary_Authority_of_Bhutan" title="Royal Monetary Authority of Bhutan">Bhutan</a></li> <li><a href="/wiki/Monetary_Authority_of_Brunei_Darussalam" class="mw-redirect" title="Monetary Authority of Brunei Darussalam">Brunei</a></li> <li><a href="/wiki/National_Bank_of_Cambodia" title="National Bank of Cambodia">Cambodia</a></li> <li><a href="/wiki/People%27s_Bank_of_China" title="People's Bank of China">China</a></li> <li><i><a href="/wiki/Hong_Kong_Monetary_Authority" title="Hong Kong Monetary Authority">Hong Kong</a></i></li> <li><a class="mw-selflink selflink">India</a></li> <li><a href="/wiki/Bank_Indonesia" title="Bank Indonesia">Indonesia</a></li> <li><a href="/wiki/Central_Bank_of_Iran" title="Central Bank of Iran">Iran</a></li> <li><a href="/wiki/Central_Bank_of_Iraq" title="Central Bank of Iraq">Iraq</a></li> <li><a href="/wiki/Bank_of_Israel" title="Bank of Israel">Israel</a></li> <li><a href="/wiki/Bank_of_Japan" title="Bank of Japan">Japan</a></li> <li><a href="/wiki/Central_Bank_of_Jordan" title="Central Bank of Jordan">Jordan</a></li> <li><a href="/wiki/National_Bank_of_Kazakhstan" title="National Bank of Kazakhstan">Kazakhstan</a></li> <li><a href="/wiki/National_Bank_of_the_Kyrgyz_Republic" title="National Bank of the Kyrgyz Republic">Kyrgyzstan</a></li> <li><a href="/wiki/Bank_of_Korea" title="Bank of Korea">South Korea</a></li> <li><a href="/wiki/Central_Bank_of_the_Democratic_People%27s_Republic_of_Korea" title="Central Bank of the Democratic People's Republic of Korea">North Korea</a></li> <li><a href="/wiki/Central_Bank_of_Kuwait" title="Central Bank of Kuwait">Kuwait</a></li> <li><a href="/wiki/Banque_du_Liban" title="Banque du Liban">Lebanon</a></li> <li><i><a href="/wiki/Monetary_Authority_of_Macao" title="Monetary Authority of Macao">Macao</a></i></li> <li><a href="/wiki/Bank_Negara_Malaysia" class="mw-redirect" title="Bank Negara Malaysia">Malaysia</a></li> <li><a href="/wiki/Maldives_Monetary_Authority" title="Maldives Monetary Authority">Maldives</a></li> <li><a href="/wiki/Bank_of_Mongolia" title="Bank of Mongolia">Mongolia</a></li> <li><a href="/wiki/Central_Bank_of_Myanmar" title="Central Bank of Myanmar">Myanmar</a></li> <li><a href="/wiki/Nepal_Rastra_Bank" title="Nepal Rastra Bank">Nepal</a></li> <li><a href="/wiki/Central_Bank_of_Oman" title="Central Bank of Oman">Oman</a></li> <li><a href="/wiki/State_Bank_of_Pakistan" title="State Bank of Pakistan">Pakistan</a></li> <li><i><a href="/wiki/Palestine_Monetary_Authority" title="Palestine Monetary Authority">Palestine</a></i></li> <li><a href="/wiki/Bangko_Sentral_ng_Pilipinas" title="Bangko Sentral ng Pilipinas">Philippines</a></li> <li><a href="/wiki/Qatar_Central_Bank" title="Qatar Central Bank">Qatar</a></li> <li><a href="/wiki/Saudi_Arabian_Monetary_Authority" class="mw-redirect" title="Saudi Arabian Monetary Authority">Saudi Arabia</a></li> <li><a href="/wiki/Monetary_Authority_of_Singapore" title="Monetary Authority of Singapore">Singapore</a></li> <li><a href="/wiki/Central_Bank_of_Sri_Lanka" title="Central Bank of Sri Lanka">Sri Lanka</a></li> <li><a href="/wiki/Central_Bank_of_Syria" title="Central Bank of Syria">Syria</a></li> <li><i><a href="/wiki/Central_Bank_of_the_Republic_of_China_(Taiwan)" title="Central Bank of the Republic of China (Taiwan)">Taiwan</a></i></li> <li><a href="/wiki/National_Bank_of_Tajikistan" title="National Bank of Tajikistan">Tajikistan</a></li> <li><a href="/wiki/Bank_of_Thailand" title="Bank of Thailand">Thailand</a></li> <li><a href="/wiki/Banco_Central_de_Timor-Leste" title="Banco Central de Timor-Leste">Timor-Leste</a></li> <li><a href="/wiki/Central_Bank_of_Turkmenistan" title="Central Bank of Turkmenistan">Turkmenistan</a></li> <li><a href="/wiki/Central_Bank_of_the_United_Arab_Emirates" title="Central Bank of the United Arab Emirates">UAE</a></li> <li><a href="/wiki/Central_Bank_of_Uzbekistan" title="Central Bank of Uzbekistan">Uzbekistan</a></li> <li><a href="/wiki/State_Bank_of_Vietnam" title="State Bank of Vietnam">Vietnam</a></li> <li><a href="/wiki/Central_Bank_of_Yemen" title="Central Bank of Yemen">Yemen</a></li></ul> </div></td></tr><tr><th scope="row" class="navbox-group" style="width:1%">Europe</th><td class="navbox-list-with-group navbox-list navbox-odd" style="width:100%;padding:0"><div style="padding:0 0.25em"> <ul><li><a href="/wiki/European_Central_Bank" title="European Central Bank">Eurosystem</a></li> <li><i><a href="/wiki/National_Bank_of_the_Republic_of_Abkhazia" title="National Bank of the Republic of Abkhazia">Abkhazia</a></i></li> <li><a href="/wiki/Bank_of_Albania" title="Bank of Albania">Albania</a></li> <li><a href="/wiki/Central_Bank_of_Armenia" title="Central Bank of Armenia">Armenia</a></li> <li><a href="/wiki/Central_Bank_of_Azerbaijan" title="Central Bank of Azerbaijan">Azerbaijan</a></li> <li><a href="/wiki/Oesterreichische_Nationalbank" title="Oesterreichische Nationalbank">Austria</a></li> <li><a href="/wiki/National_Bank_of_the_Republic_of_Belarus" title="National Bank of the Republic of Belarus">Belarus</a></li> <li><a href="/wiki/National_Bank_of_Belgium" title="National Bank of Belgium">Belgium</a></li> <li><a href="/wiki/Central_Bank_of_Bosnia_and_Herzegovina" title="Central Bank of Bosnia and Herzegovina">Bosnia and Herzegovina</a></li> <li><a href="/wiki/Bulgarian_National_Bank" title="Bulgarian National Bank">Bulgaria</a></li> <li><a href="/wiki/Croatian_National_Bank" title="Croatian National Bank">Croatia</a></li> <li><a href="/wiki/Central_Bank_of_Cyprus" title="Central Bank of Cyprus">Cyprus</a></li> <li><a href="/wiki/Czech_National_Bank" title="Czech National Bank">Czech</a></li> <li><a href="/wiki/Danmarks_Nationalbank" title="Danmarks Nationalbank">Denmark</a></li> <li><a href="/wiki/Deutsche_Bundesbank" title="Deutsche Bundesbank">Germany</a></li> <li><a href="/wiki/Bank_of_England" title="Bank of England">England</a></li> <li><a href="/wiki/Bank_of_Estonia" title="Bank of Estonia">Estonia</a></li> <li><a href="/wiki/Bank_of_Finland" title="Bank of Finland">Finland</a></li> <li><a href="/wiki/Bank_of_France" title="Bank of France">France</a></li> <li><a href="/wiki/National_Bank_of_Georgia" title="National Bank of Georgia">Georgia</a></li> <li><a href="/wiki/Bank_of_Greece" title="Bank of Greece">Greece</a></li> <li><a href="/wiki/Hungarian_National_Bank" title="Hungarian National Bank">Hungaria</a></li> <li><a href="/wiki/Central_Bank_of_Iceland" title="Central Bank of Iceland">Iceland</a></li> <li><a href="/wiki/Central_Bank_of_Ireland" title="Central Bank of Ireland">Ireland</a></li> <li><a href="/wiki/Bank_of_Italy" title="Bank of Italy">Italy</a></li> <li><i><a href="/wiki/Central_Bank_of_Kosovo" title="Central Bank of Kosovo">Kosovo</a></i></li> <li><a href="/wiki/Bank_of_Latvia" title="Bank of Latvia">Latvia</a></li> <li><a href="/wiki/Bank_of_Lithuania" title="Bank of Lithuania">Lithuania</a></li> <li><a href="/wiki/Central_Bank_of_Luxembourg" title="Central Bank of Luxembourg">Luxembourg</a></li> <li><a href="/wiki/Central_Bank_of_Malta" title="Central Bank of Malta">Malta</a></li> <li><a href="/wiki/National_Bank_of_Moldova" title="National Bank of Moldova">Moldova</a></li> <li><a href="/wiki/Central_Bank_of_Montenegro" title="Central Bank of Montenegro">Montenegro</a></li> <li><a href="/wiki/De_Nederlandsche_Bank" title="De Nederlandsche Bank">Netherlands</a></li> <li><a href="/wiki/Norges_Bank" title="Norges Bank">Norway</a></li> <li><a href="/wiki/National_Bank_of_North_Macedonia" title="National Bank of North Macedonia">North Macedonia</a></li> <li><i><a href="/wiki/Central_Bank_of_the_Turkish_Republic_of_Northern_Cyprus" title="Central Bank of the Turkish Republic of Northern Cyprus">Northern Cyprus</a></i></li> <li><a href="/wiki/National_Bank_of_Poland" title="National Bank of Poland">Poland</a></li> <li><a href="/wiki/Banco_de_Portugal" title="Banco de Portugal">Portugal</a></li> <li><a href="/wiki/National_Bank_of_Romania" title="National Bank of Romania">Romania</a></li> <li><a href="/wiki/Central_Bank_of_Russia" title="Central Bank of Russia">Russia</a> <ul><li><i><a href="/wiki/Gosbank" class="mw-redirect" title="Gosbank">Soviet Union</a></i></li></ul></li> <li><a href="/wiki/National_Bank_of_Serbia" title="National Bank of Serbia">Serbia</a></li> <li><a href="/wiki/National_Bank_of_Slovakia" title="National Bank of Slovakia">Slovakia</a></li> <li><a href="/wiki/Bank_of_Slovenia" title="Bank of Slovenia">Slovenia</a></li> <li><a href="/wiki/Bank_of_Spain" title="Bank of Spain">Spain</a></li> <li><a href="/wiki/Sveriges_Riksbank" title="Sveriges Riksbank">Sweden</a></li> <li><a href="/wiki/Swiss_National_Bank" title="Swiss National Bank">Switzerland</a></li> <li><a href="/wiki/Central_Bank_of_the_Republic_of_Turkey" title="Central Bank of the Republic of Turkey">Turkey</a></li> <li><a href="/wiki/National_Bank_of_Ukraine" title="National Bank of Ukraine">Ukraine</a></li></ul> </div></td></tr><tr><th scope="row" class="navbox-group" style="width:1%">North<br />America</th><td class="navbox-list-with-group navbox-list navbox-even" style="width:100%;padding:0"><div style="padding:0 0.25em"> <ul><li><a href="/wiki/Central_Bank_of_Aruba" title="Central Bank of Aruba">Aruba</a></li> <li><a href="/wiki/Central_Bank_of_The_Bahamas" class="mw-redirect" title="Central Bank of The Bahamas">The Bahamas</a></li> <li><a href="/wiki/Central_Bank_of_Barbados" title="Central Bank of Barbados">Barbados</a></li> <li><a href="/wiki/Bermuda_Monetary_Authority" title="Bermuda Monetary Authority">Bermuda </a></li> <li><a href="/wiki/Bank_of_Canada" title="Bank of Canada">Canada</a></li> <li><a href="/wiki/Central_Bank_of_Cuba" title="Central Bank of Cuba">Cuba</a></li> <li><a href="/wiki/Central_Bank_of_Cura%C3%A7ao_and_Sint_Maarten" title="Central Bank of Curaçao and Sint Maarten">Curaçao and Sint Maarten</a></li> <li><a href="/wiki/Eastern_Caribbean_Central_Bank" title="Eastern Caribbean Central Bank">Eastern Caribbean</a></li> <li><i><a href="/wiki/Cayman_Islands_Monetary_Authority" title="Cayman Islands Monetary Authority">Cayman Islands</a></i></li> <li><a href="/wiki/Central_Bank_of_the_Dominican_Republic" title="Central Bank of the Dominican Republic">Dominican Republic</a></li> <li><a href="/wiki/Bank_of_Guatemala" title="Bank of Guatemala">Guatemala</a></li> <li><a href="/wiki/Bank_of_the_Republic_of_Haiti" title="Bank of the Republic of Haiti">Haiti</a></li> <li><a href="/wiki/Central_Bank_of_Honduras" title="Central Bank of Honduras">Honduras</a></li> <li><a href="/wiki/Bank_of_Jamaica" title="Bank of Jamaica">Jamaica</a></li> <li><a href="/wiki/Bank_of_Mexico" title="Bank of Mexico">Mexico</a></li> <li><a href="/wiki/Central_Bank_of_Nicaragua" title="Central Bank of Nicaragua">Nicaragua</a></li> <li><a href="/wiki/Central_Bank_of_Trinidad_and_Tobago" title="Central Bank of Trinidad and Tobago">Trinidad and Tobago</a></li> <li><a href="/wiki/Federal_Reserve" title="Federal Reserve">United States</a></li></ul> </div></td></tr><tr><th scope="row" class="navbox-group" style="width:1%">Oceania</th><td class="navbox-list-with-group navbox-list navbox-odd" style="width:100%;padding:0"><div style="padding:0 0.25em"> <ul><li><a href="/wiki/Reserve_Bank_of_Australia" title="Reserve Bank of Australia">Australia</a></li> <li><a href="/wiki/Reserve_Bank_of_Fiji" title="Reserve Bank of Fiji">Fiji</a></li> <li><a href="/wiki/Reserve_Bank_of_New_Zealand" title="Reserve Bank of New Zealand">New Zealand</a></li> <li><a href="/wiki/Bank_of_Papua_New_Guinea" title="Bank of Papua New Guinea">Papua New Guinea</a></li> <li><a href="/wiki/Central_Bank_of_Samoa" title="Central Bank of Samoa">Samoa</a></li> <li><a href="/wiki/Central_Bank_of_Solomon_Islands" title="Central Bank of Solomon Islands">Solomon Islands</a></li> <li><a href="/wiki/National_Reserve_Bank_of_Tonga" title="National Reserve Bank of Tonga">Tonga</a></li> <li><a href="/wiki/Reserve_Bank_of_Vanuatu" title="Reserve Bank of Vanuatu">Vanuatu</a></li></ul> </div></td></tr><tr><th scope="row" class="navbox-group" style="width:1%">South<br />America</th><td class="navbox-list-with-group navbox-list navbox-even" style="width:100%;padding:0"><div style="padding:0 0.25em"> <ul><li><a href="/wiki/Central_Bank_of_Argentina" title="Central Bank of Argentina">Argentina</a></li> <li><a href="/wiki/Central_Bank_of_Brazil" title="Central Bank of Brazil">Brazil</a></li> <li><a href="/wiki/Central_Bank_of_Chile" title="Central Bank of Chile">Chile</a></li> <li><a href="/wiki/Bank_of_the_Republic_(Colombia)" title="Bank of the Republic (Colombia)">Colombia</a></li> <li><a href="/wiki/Central_Bank_of_Ecuador" title="Central Bank of Ecuador">Ecuador</a></li> <li><a href="/wiki/Bank_of_Guyana" title="Bank of Guyana">Guyana</a></li> <li><a href="/wiki/Central_Bank_of_Paraguay" title="Central Bank of Paraguay">Paraguay</a></li> <li><a href="/wiki/Central_Reserve_Bank_of_Peru" title="Central Reserve Bank of Peru">Peru</a></li> <li><a href="/wiki/Central_Bank_of_Suriname" title="Central Bank of Suriname">Suriname</a></li> <li><a href="/wiki/Central_Bank_of_Uruguay" title="Central Bank of Uruguay">Uruguay</a></li> <li><a href="/wiki/Central_Bank_of_Venezuela" title="Central Bank of Venezuela">Venezuela</a></li></ul> </div></td></tr><tr><td class="navbox-abovebelow" colspan="2"><div>Names in <i>italics</i> indicate <a href="/wiki/Sovereignty" title="Sovereignty">non-sovereign</a> (dependent) territories, former countries, or <a href="/wiki/List_of_states_with_limited_recognition" title="List of states with limited recognition">states with limited recognition</a></div></td></tr></tbody></table></div> <div class="navbox-styles"><link rel="mw-deduplicated-inline-style" href="mw-data:TemplateStyles:r1129693374"><link rel="mw-deduplicated-inline-style" href="mw-data:TemplateStyles:r1236075235"></div><div role="navigation" class="navbox" aria-labelledby="Central_banks" style="padding:3px"><table class="nowraplinks hlist mw-collapsible mw-collapsed navbox-inner" style="border-spacing:0;background:transparent;color:inherit"><tbody><tr><th scope="col" class="navbox-title" colspan="2"><link rel="mw-deduplicated-inline-style" href="mw-data:TemplateStyles:r1129693374"><link rel="mw-deduplicated-inline-style" href="mw-data:TemplateStyles:r1239400231"><div class="navbar plainlinks hlist navbar-mini"><ul><li class="nv-view"><a href="/wiki/Template:Central_banks" title="Template:Central banks"><abbr title="View this template">v</abbr></a></li><li class="nv-talk"><a href="/wiki/Template_talk:Central_banks" title="Template talk:Central banks"><abbr title="Discuss this template">t</abbr></a></li><li class="nv-edit"><a href="/wiki/Special:EditPage/Template:Central_banks" title="Special:EditPage/Template:Central banks"><abbr title="Edit this template">e</abbr></a></li></ul></div><div id="Central_banks" style="font-size:114%;margin:0 4em"><a href="/wiki/Central_bank" title="Central bank">Central banks</a></div></th></tr><tr><th scope="row" class="navbox-group" style="width:1%">Global</th><td class="navbox-list-with-group navbox-list navbox-odd" style="width:100%;padding:0"><div style="padding:0 0.25em"> <ul><li><a href="/wiki/Bank_for_International_Settlements" title="Bank for International Settlements">Bank for International Settlements</a></li> <li><a href="/wiki/Basel_Committee_on_Banking_Supervision" title="Basel Committee on Banking Supervision">Basel Committee on Banking Supervision</a></li> <li><a href="/wiki/Financial_Stability_Board" title="Financial Stability Board">Financial Stability Board</a></li></ul> </div></td></tr><tr><th scope="row" class="navbox-group" style="width:1%">Policies</th><td class="navbox-list-with-group navbox-list navbox-even" style="width:100%;padding:0"><div style="padding:0 0.25em"> <ul><li><a href="/wiki/Capital_requirement" title="Capital requirement">Capital requirement</a></li> <li><a href="/wiki/Contractionary_monetary_policy" class="mw-redirect" title="Contractionary monetary policy">Contractionary monetary policy</a></li> <li><a href="/wiki/Expansionary_monetary_policy" class="mw-redirect" title="Expansionary monetary policy">Expansionary monetary policy</a></li> <li><a href="/wiki/Basel_Accords" title="Basel Accords">Basel Accords</a></li></ul> </div></td></tr><tr><th scope="row" class="navbox-group" style="width:1%">Implementation</th><td class="navbox-list-with-group navbox-list navbox-odd" style="width:100%;padding:0"><div style="padding:0 0.25em"> <ul><li><a href="/wiki/Capital_control" title="Capital control">Capital control</a></li> <li><a href="/wiki/Discount_window" title="Discount window">Discount rate</a></li> <li><a href="/wiki/Interest_rate" title="Interest rate">Interest rates</a></li> <li><a href="/wiki/Money_creation" title="Money creation">Money creation</a></li> <li><a href="/wiki/Open_market_operation" title="Open market operation">Open market operation</a></li> <li><a href="/wiki/Sovereign_wealth_fund" title="Sovereign wealth fund">Sovereign wealth fund</a></li></ul> </div></td></tr><tr><th scope="row" class="navbox-group" style="width:1%"><a href="/wiki/Bretton_Woods_system" title="Bretton Woods system">Bretton Woods<br />system</a></th><td class="navbox-list-with-group navbox-list navbox-even" style="width:100%;padding:0"><div style="padding:0 0.25em"> <ul><li><a href="/wiki/International_Monetary_Fund" title="International Monetary Fund">International Monetary Fund</a></li> <li><a href="/wiki/World_Bank_Group" title="World Bank Group">World Bank Group</a> <ul><li><a href="/wiki/International_Bank_for_Reconstruction_and_Development" title="International Bank for Reconstruction and Development">International Bank for Reconstruction and Development</a></li> <li><a href="/wiki/International_Centre_for_Settlement_of_Investment_Disputes" title="International Centre for Settlement of Investment Disputes">International Centre for Settlement of Investment Disputes</a></li> <li><a href="/wiki/International_Development_Association" title="International Development Association">International Development Association</a></li> <li><a href="/wiki/International_Finance_Corporation" title="International Finance Corporation">International Finance Corporation</a></li> <li><a href="/wiki/Multilateral_Investment_Guarantee_Agency" title="Multilateral Investment Guarantee Agency">Multilateral Investment Guarantee Agency</a></li></ul></li></ul> </div></td></tr><tr><th scope="row" class="navbox-group" style="width:1%">Lists</th><td class="navbox-list-with-group navbox-list navbox-odd" style="width:100%;padding:0"><div style="padding:0 0.25em"> <ul><li><a href="/wiki/List_of_central_banks" title="List of central banks">List of central banks</a></li> <li><a href="/wiki/Central_banks_and_currencies_of_Africa" class="mw-redirect" title="Central banks and currencies of Africa">Central banks and currencies of Africa</a></li> <li><a href="/wiki/Central_banks_and_currencies_of_Asia-Pacific" title="Central banks and currencies of Asia-Pacific">Central banks and currencies of Asia-Pacific</a></li> <li><a href="/wiki/Central_banks_and_currencies_of_the_Caribbean" title="Central banks and currencies of the Caribbean">Central banks and currencies of the Caribbean</a></li> <li><a href="/wiki/Central_banks_and_currencies_of_Europe" title="Central banks and currencies of Europe">Central banks and currencies of Europe</a></li> <li><a href="/wiki/Central_banks_and_currencies_of_the_Americas" title="Central banks and currencies of the Americas">Central banks and currencies of the Americas</a></li></ul> </div></td></tr></tbody></table></div> <div class="navbox-styles"><link rel="mw-deduplicated-inline-style" href="mw-data:TemplateStyles:r1129693374"><link rel="mw-deduplicated-inline-style" href="mw-data:TemplateStyles:r1236075235"></div><div role="navigation" class="navbox" aria-labelledby="Financial_services_in_India" style="padding:3px"><table class="nowraplinks hlist mw-collapsible autocollapse navbox-inner" style="border-spacing:0;background:transparent;color:inherit"><tbody><tr><th scope="col" class="navbox-title" colspan="2"><link rel="mw-deduplicated-inline-style" href="mw-data:TemplateStyles:r1129693374"><link rel="mw-deduplicated-inline-style" href="mw-data:TemplateStyles:r1239400231"><div class="navbar plainlinks hlist navbar-mini"><ul><li class="nv-view"><a href="/wiki/Template:Financial_services_in_India" title="Template:Financial services in India"><abbr title="View this template">v</abbr></a></li><li class="nv-talk"><a href="/wiki/Template_talk:Financial_services_in_India" title="Template talk:Financial services in India"><abbr title="Discuss this template">t</abbr></a></li><li class="nv-edit"><a href="/wiki/Special:EditPage/Template:Financial_services_in_India" title="Special:EditPage/Template:Financial services in India"><abbr title="Edit this template">e</abbr></a></li></ul></div><div id="Financial_services_in_India" style="font-size:114%;margin:0 4em">Financial services in India</div></th></tr><tr><td colspan="2" class="navbox-list navbox-odd" style="width:100%;padding:0"><div style="padding:0 0.25em"></div><table class="nowraplinks mw-collapsible mw-collapsed navbox-subgroup" style="border-spacing:0"><tbody><tr><th scope="col" class="navbox-title" colspan="2"><div id="Banking" style="font-size:114%;margin:0 4em">Banking</div></th></tr><tr><td colspan="2" class="navbox-list navbox-odd" style="width:100%;padding:0"><div style="padding:0 0.25em"></div><table class="nowraplinks navbox-subgroup" style="border-spacing:0"><tbody><tr><th scope="row" class="navbox-group" style="width:1%">Commercial<br />banking</th><td class="navbox-list-with-group navbox-list navbox-odd" style="width:100%;padding:0"><div style="padding:0 0.25em"></div><table class="nowraplinks navbox-subgroup" style="border-spacing:0"><tbody><tr><th scope="row" class="navbox-group" style="width:1%"><a href="/wiki/Scheduled_Banks_(India)" title="Scheduled Banks (India)">Scheduled<br />banks</a></th><td class="navbox-list-with-group navbox-list navbox-odd" style="width:100%;padding:0"><div style="padding:0 0.25em"></div><table class="nowraplinks navbox-subgroup" style="border-spacing:0"><tbody><tr><th scope="row" class="navbox-group" style="width:1%">Commercial</th><td class="navbox-list-with-group navbox-list navbox-odd" style="width:100%;padding:0"><div style="padding:0 0.25em"></div><table class="nowraplinks navbox-subgroup" style="border-spacing:0"><tbody><tr><th scope="row" class="navbox-group" style="width:1%"><a href="/wiki/Private-sector_banks_in_India" class="mw-redirect" title="Private-sector banks in India">Private</a></th><td class="navbox-list-with-group navbox-list navbox-odd" style="width:100%;padding:0"><div style="padding:0 0.25em"> <ul><li><a href="/wiki/Axis_Bank" title="Axis Bank">Axis</a></li> <li><a href="/wiki/Bandhan_Bank" title="Bandhan Bank">Bandhan</a></li> <li><a href="/wiki/CSB_Bank" title="CSB Bank">CSB</a></li> <li><a href="/wiki/City_Union_Bank" title="City Union Bank">City Union</a></li> <li><a href="/wiki/DCB_Bank" title="DCB Bank">DCB</a></li> <li><a href="/wiki/Dhanlaxmi_Bank" title="Dhanlaxmi Bank">Dhanlaxmi</a></li> <li><a href="/wiki/Federal_Bank" title="Federal Bank">Federal</a></li> <li><a href="/wiki/HDFC_Bank" title="HDFC Bank">HDFC</a></li> <li><a href="/wiki/ICICI_Bank" title="ICICI Bank">ICICI</a></li> <li><a href="/wiki/IDBI_Bank" title="IDBI Bank">IDBI</a></li> <li><a href="/wiki/IDFC_First_Bank" title="IDFC First Bank">IDFC First</a></li> <li><a href="/wiki/IndusInd_Bank" title="IndusInd Bank">IndusInd</a></li> <li><a href="/wiki/Karnataka_Bank" title="Karnataka Bank">Karnataka</a></li> <li><a href="/wiki/Karur_Vysya_Bank" title="Karur Vysya Bank">Karur Vysya</a></li> <li><a href="/wiki/Kotak_Mahindra_Bank" title="Kotak Mahindra Bank">Kotak Mahindra</a></li> <li><a href="/wiki/Nainital_Bank" title="Nainital Bank">Nainital</a></li> <li><a href="/wiki/RBL_Bank" title="RBL Bank">RBL</a></li> <li><a href="/wiki/South_Indian_Bank" title="South Indian Bank">South Indian</a></li> <li><a href="/wiki/Tamilnad_Mercantile_Bank_Limited" class="mw-redirect" title="Tamilnad Mercantile Bank Limited">Tamilnad Mercantile</a></li> <li><a href="/wiki/Yes_Bank" class="mw-redirect" title="Yes Bank">Yes</a></li></ul> </div></td></tr><tr><th scope="row" class="navbox-group" style="width:1%"><a href="/wiki/Public_sector_banks_in_India" title="Public sector banks in India">PSBs</a></th><td class="navbox-list-with-group navbox-list navbox-even" style="width:100%;padding:0"><div style="padding:0 0.25em"> <ul><li><a href="/wiki/Bank_of_Baroda" title="Bank of Baroda">Bank of Baroda</a></li> <li><a href="/wiki/Bank_of_India" title="Bank of India">Bank of India</a></li> <li><a href="/wiki/Bank_of_Maharashtra" title="Bank of Maharashtra">Bank of Maharashtra</a></li> <li><a href="/wiki/Canara_Bank" title="Canara Bank">Canara Bank</a></li> <li><a href="/wiki/Central_Bank_of_India" title="Central Bank of India">Central Bank of India</a></li> <li><a href="/wiki/Indian_Bank" title="Indian Bank">Indian Bank</a></li> <li><a href="/wiki/Indian_Overseas_Bank" title="Indian Overseas Bank">Indian Overseas Bank</a></li> <li><a href="/wiki/Jammu_%26_Kashmir_Bank" title="Jammu & Kashmir Bank">Jammu & Kashmir Bank</a></li> <li><a href="/wiki/Punjab_%26_Sind_Bank" title="Punjab & Sind Bank">Punjab & Sind Bank</a></li> <li><a href="/wiki/Punjab_National_Bank" title="Punjab National Bank">Punjab National Bank</a></li> <li><a href="/wiki/State_Bank_of_India" title="State Bank of India">State Bank of India</a></li> <li><a href="/wiki/UCO_Bank" title="UCO Bank">UCO Bank</a></li> <li><a href="/wiki/Union_Bank_of_India" title="Union Bank of India">Union Bank of India</a></li></ul> </div></td></tr><tr><th scope="row" class="navbox-group" style="width:1%">Foreign</th><td class="navbox-list-with-group navbox-list navbox-odd" style="width:100%;padding:0"><div style="padding:0 0.25em"></div><table class="nowraplinks navbox-subgroup" style="border-spacing:0"><tbody><tr><th scope="row" class="navbox-group" style="width:1%">Branches</th><td class="navbox-list-with-group navbox-list navbox-odd" style="width:100%;padding:0"><div style="padding:0 0.25em"> <ul><li><a href="/wiki/ABN_AMRO" title="ABN AMRO">ABN AMRO</a></li> <li><a href="/wiki/Abu_Dhabi_Commercial_Bank" class="mw-redirect" title="Abu Dhabi Commercial Bank">Abu Dhabi Commercial Bank</a></li> <li><a href="/wiki/Antwerp_Diamond_Bank" title="Antwerp Diamond Bank">Antwerp Diamond Bank</a></li> <li><a href="/wiki/ANZ_(bank)" title="ANZ (bank)">ANZ</a></li> <li><a href="/wiki/Bank_Maybank_Indonesia" title="Bank Maybank Indonesia">Bank Maybank Indonesia</a></li> <li><a href="/wiki/Bank_of_America" title="Bank of America">Bank of America</a></li> <li><a href="/wiki/Bank_of_Bahrain_and_Kuwait" title="Bank of Bahrain and Kuwait">Bank of Bahrain and Kuwait</a></li> <li><a href="/wiki/Bank_of_Ceylon" title="Bank of Ceylon">Bank of Ceylon</a></li> <li><a href="/wiki/Barclays" title="Barclays">Barclays</a></li> <li><a href="/wiki/Citibank_India" title="Citibank India">Citibank</a></li> <li><a href="/wiki/Credit_Suisse" title="Credit Suisse">Credit Suisse</a></li> <li><a href="/wiki/Deutsche_Bank" title="Deutsche Bank">Deutsche Bank</a></li> <li><a href="/wiki/HSBC_Bank_India" title="HSBC Bank India">HSBC</a></li> <li><a href="/wiki/MUFG_Bank" title="MUFG Bank">MUFG Bank</a></li> <li><a href="/wiki/Rabobank" title="Rabobank">Rabobank</a></li> <li><a href="/wiki/Royal_Bank_of_Scotland" title="Royal Bank of Scotland">Royal Bank of Scotland</a></li> <li><a href="/wiki/Scotiabank" title="Scotiabank">Scotiabank</a></li> <li><a href="/wiki/Standard_Chartered" title="Standard Chartered">Standard Chartered</a></li></ul> </div></td></tr><tr><th scope="row" class="navbox-group" style="width:1%">Subsidiaries</th><td class="navbox-list-with-group navbox-list navbox-even" style="width:100%;padding:0"><div style="padding:0 0.25em"> <ul><li><a href="/wiki/DBS_Bank" title="DBS Bank">DBS Bank</a></li> <li><a href="/wiki/State_Bank_of_Mauritius" title="State Bank of Mauritius">State Bank of Mauritius</a></li></ul> </div></td></tr></tbody></table><div></div></td></tr><tr><th scope="row" class="navbox-group" style="width:1%"><a href="/wiki/Regional_Rural_Bank" class="mw-redirect" title="Regional Rural Bank">RRBs</a></th><td class="navbox-list-with-group navbox-list navbox-odd" style="width:100%;padding:0"><div style="padding:0 0.25em"> <ul><li><a href="/wiki/Andhra_Pradesh_Grameena_Vikas_Bank" title="Andhra Pradesh Grameena Vikas Bank">Andhra Pradesh Grameena Vikas Bank</a></li> <li><a href="/wiki/Andhra_Pragathi_Grameena_Bank" title="Andhra Pragathi Grameena Bank">Andhra Pragathi Grameena Bank</a></li> <li><a href="/wiki/Assam_Gramin_Vikash_Bank" title="Assam Gramin Vikash Bank">Assam Gramin Vikash Bank</a></li> <li><a href="/wiki/Bangiya_Gramin_Vikash_Bank" title="Bangiya Gramin Vikash Bank">Bangiya Gramin Vikash Bank</a></li> <li><a href="/wiki/Kerala_Gramin_Bank" title="Kerala Gramin Bank">Kerala Gramin Bank</a></li> <li><a href="/wiki/North_Malabar_Gramin_Bank" title="North Malabar Gramin Bank">North Malabar Gramin Bank</a></li> <li><a href="/wiki/Mizoram_Rural_Bank" title="Mizoram Rural Bank">Mizoram Rural Bank</a></li> <li><a href="/wiki/Pallavan_Grama_Bank" class="mw-redirect" title="Pallavan Grama Bank">Pallavan Grama Bank</a></li> <li><a href="/wiki/Pandyan_Grama_Bank" class="mw-redirect" title="Pandyan Grama Bank">Pandyan Grama Bank</a></li> <li><a href="/wiki/Paschim_Banga_Gramin_Bank" title="Paschim Banga Gramin Bank">Paschim Banga Gramin Bank</a></li> <li><a href="/wiki/South_Malabar_Gramin_Bank" title="South Malabar Gramin Bank">South Malabar Gramin Bank</a></li> <li><a href="/wiki/Uttar_Bihar_Gramin_Bank" title="Uttar Bihar Gramin Bank">Uttar Bihar Gramin Bank</a></li> <li><a href="/wiki/Uttarakhand_Gramin_Bank" title="Uttarakhand Gramin Bank">Uttarakhand Gramin Bank</a></li> <li><a href="/wiki/Vananchal_Gramin_Bank" class="mw-redirect" title="Vananchal Gramin Bank">Vananchal Gramin Bank</a></li></ul> </div></td></tr></tbody></table><div></div></td></tr><tr><th scope="row" class="navbox-group" style="width:1%"><a href="/wiki/Cooperative_banking" title="Cooperative banking">Cooperative</a></th><td class="navbox-list-with-group navbox-list navbox-even" style="width:100%;padding:0"><div style="padding:0 0.25em"> <ul><li><a href="/wiki/District_Co-operative_Central_Bank" title="District Co-operative Central Bank">District Co-operative Central Bank </a></li> <li><a href="/wiki/Buldana_Urban_Cooperative_Credit_Society" title="Buldana Urban Cooperative Credit Society">Buldhana Urban</a></li> <li><a href="/wiki/Cosmos_Bank" class="mw-redirect" title="Cosmos Bank">Cosmos Bank</a></li> <li><a href="/wiki/Mizoram_Co-operative_Apex_Bank" title="Mizoram Co-operative Apex Bank">Mizoram Co-operative Apex Bank</a></li> <li><a href="/wiki/Rajkot_Nagrik_Sahakari_Bank" class="mw-redirect" title="Rajkot Nagrik Sahakari Bank">Rajkot Nagrik Sahakari Bank</a></li> <li><a href="/wiki/Repco_Bank" title="Repco Bank">Repco Bank</a></li> <li><a href="/wiki/Saraswat_Bank" class="mw-redirect" title="Saraswat Bank">Saraswat Bank</a></li> <li><a href="/wiki/Shamrao_Vithal_Co-operative_Bank" title="Shamrao Vithal Co-operative Bank">Shamrao Vithal Co-operative Bank</a></li> <li><a href="/wiki/TNSC_Bank" title="TNSC Bank">TNSC Bank</a></li> <li><a href="/w/index.php?title=Www.ccbankchennai.com&action=edit&redlink=1" class="new" title="Www.ccbankchennai.com (page does not exist)">Chennai Central Cooperative Bank</a></li></ul> </div><table class="nowraplinks navbox-subgroup" style="border-spacing:0"><tbody><tr><th scope="row" class="navbox-group" style="width:1%"><a href="/wiki/List_of_regional_rural_banks_in_Uttar_Pradesh" title="List of regional rural banks in Uttar Pradesh">Uttar Pradesh</a></th><td class="navbox-list-with-group navbox-list navbox-odd" style="width:100%;padding:0"><div style="padding:0 0.25em"> <ul><li><a href="/wiki/Allahabad_UP_Gramin_Bank" title="Allahabad UP Gramin Bank">Allahabad UP Gramin Bank</a></li> <li><a href="/wiki/Gramin_Bank_of_Aryavart" title="Gramin Bank of Aryavart">Gramin Bank of Aryavart</a></li> <li><a href="/wiki/Sarva_UP_Gramin_Bank" class="mw-redirect" title="Sarva UP Gramin Bank">Sarva UP Gramin Bank</a></li></ul> </div></td></tr></tbody></table><div> </div></td></tr></tbody></table><div></div></td></tr><tr><th scope="row" class="navbox-group" style="width:1%">Niche<br />banks</th><td class="navbox-list-with-group navbox-list navbox-odd" style="width:100%;padding:0"><div style="padding:0 0.25em"></div><table class="nowraplinks navbox-subgroup" style="border-spacing:0"><tbody><tr><th scope="row" class="navbox-group" style="width:1%"><a href="/wiki/Small_finance_bank" title="Small finance bank">SFBs</a></th><td class="navbox-list-with-group navbox-list navbox-even" style="width:100%;padding:0"><div style="padding:0 0.25em"> <ul><li><a href="/wiki/AU_Small_Finance_Bank" title="AU Small Finance Bank">AU</a></li> <li><a href="/wiki/Capital_Small_Finance_Bank" title="Capital Small Finance Bank">Capital</a></li> <li><a href="/wiki/ESAF_Small_Finance_Bank" title="ESAF Small Finance Bank">ESAF</a></li> <li><a href="/wiki/Equitas_Small_Finance_Bank" title="Equitas Small Finance Bank">Equitas</a></li> <li><a href="/wiki/Fincare_Small_Finance_Bank" class="mw-redirect" title="Fincare Small Finance Bank">Fincare</a></li> <li><a href="/wiki/Jana_Small_Finance_Bank" title="Jana Small Finance Bank">Jana</a></li> <li><a href="/wiki/North_East_Small_Finance_Bank" class="mw-redirect" title="North East Small Finance Bank">North East</a></li> <li><a href="/wiki/Suryoday_Small_Finance_Bank" class="mw-redirect" title="Suryoday Small Finance Bank">Suryoday</a></li> <li><a href="/wiki/Ujjivan_Small_Finance_Bank" title="Ujjivan Small Finance Bank">Ujjivan</a></li></ul> </div></td></tr><tr><th scope="row" class="navbox-group" style="width:1%"><a href="/wiki/Payments_bank" title="Payments bank">Payments<br />banks</a></th><td class="navbox-list-with-group navbox-list navbox-odd" style="width:100%;padding:0"><div style="padding:0 0.25em"> <ul><li><a href="/wiki/Airtel_Payments_Bank_Limited" class="mw-redirect" title="Airtel Payments Bank Limited">Airtel</a></li> <li><a href="/w/index.php?title=Fino_Payments_Bank_Limited&action=edit&redlink=1" class="new" title="Fino Payments Bank Limited (page does not exist)">Fino</a></li> <li><a href="/wiki/National_Securities_Depository_Limited" title="National Securities Depository Limited">NSDL Payments Bank Limited</a></li> <li><a href="/wiki/India_Post_Payments_Bank" title="India Post Payments Bank">India Post</a></li> <li><a href="/wiki/Jio_Payments_Bank_Limited" class="mw-redirect" title="Jio Payments Bank Limited">Jio</a></li> <li><a href="/wiki/Paytm_Payments_Bank" title="Paytm Payments Bank">Paytm</a></li></ul> </div><table class="nowraplinks navbox-subgroup" style="border-spacing:0"><tbody><tr><th scope="row" class="navbox-group" style="width:1%">Surrendered licencees</th><td class="navbox-list-with-group navbox-list navbox-even" style="width:100%;padding:0"><div style="padding:0 0.25em"> <ul><li><a href="/wiki/Sun_Pharmaceuticals" class="mw-redirect" title="Sun Pharmaceuticals">Sun Pharmaceuticals</a></li> <li><a href="/wiki/Tech_Mahindra" title="Tech Mahindra">Tech Mahindra</a></li></ul> </div></td></tr><tr><th scope="row" class="navbox-group" style="width:1%">Wound up</th><td class="navbox-list-with-group navbox-list navbox-odd" style="width:100%;padding:0"><div style="padding:0 0.25em"> <ul><li><a href="/wiki/Aditya_Birla_Payments_Bank" title="Aditya Birla Payments Bank">Aditya Birla</a></li></ul> </div></td></tr></tbody></table><div> </div></td></tr></tbody></table><div></div></td></tr><tr><th scope="row" class="navbox-group" style="width:1%">Defunct<br />banks</th><td class="navbox-list-with-group navbox-list navbox-odd" style="width:100%;padding:0"><div style="padding:0 0.25em"></div><table class="nowraplinks navbox-subgroup" style="border-spacing:0"><tbody><tr><th id="Merged" scope="row" class="navbox-group" style="width:1%">Merged</th><td class="navbox-list-with-group navbox-list navbox-odd" style="width:100%;padding:0"><div style="padding:0 0.25em"></div><table class="nowraplinks navbox-subgroup" style="border-spacing:0"><tbody><tr><th scope="row" class="navbox-group" style="width:1%">PSB</th><td class="navbox-list-with-group navbox-list navbox-even" style="width:100%;padding:0"><div style="padding:0 0.25em"> <ul><li><a href="/wiki/New_Bank_of_India" title="New Bank of India">New Bank of India</a></li> <li><a href="/wiki/Dena_Bank" title="Dena Bank">Dena Bank</a></li> <li><a href="/wiki/Vijaya_Bank" title="Vijaya Bank">Vijaya Bank</a></li> <li><a href="/wiki/Allahabad_Bank" title="Allahabad Bank">Allahabad Bank</a></li> <li><a href="/wiki/Andhra_Bank" title="Andhra Bank">Andhra Bank</a></li> <li><a href="/wiki/Corporation_Bank" title="Corporation Bank">Corporation Bank</a></li> <li><a href="/wiki/Oriental_Bank_of_Commerce" title="Oriental Bank of Commerce">Oriental Bank of Commerce</a></li> <li><a href="/wiki/United_Bank_of_India" title="United Bank of India">United Bank of India</a></li> <li><a href="/wiki/Syndicate_Bank" title="Syndicate Bank">Syndicate Bank</a></li></ul> </div></td></tr><tr><th scope="row" class="navbox-group" style="width:1%">SBI</th><td class="navbox-list-with-group navbox-list navbox-odd" style="width:100%;padding:0"><div style="padding:0 0.25em"> <ul><li><a href="/wiki/Bank_of_Bombay" title="Bank of Bombay">Bank of Bombay</a></li> <li><a href="/wiki/Bank_of_Calcutta" title="Bank of Calcutta">Bank of Calcutta</a></li> <li><a href="/wiki/Bank_of_Madras" title="Bank of Madras">Bank of Madras</a></li> <li><a href="/wiki/Imperial_Bank_of_India" title="Imperial Bank of India">Imperial Bank of India</a></li> <li><a href="/wiki/State_Bank_of_Bikaner_%26_Jaipur" title="State Bank of Bikaner & Jaipur">State Bank of Bikaner & Jaipur</a></li> <li><a href="/wiki/State_Bank_of_Hyderabad" title="State Bank of Hyderabad">State Bank of Hyderabad</a></li> <li><a href="/wiki/State_Bank_of_Indore" title="State Bank of Indore">State Bank of Indore</a></li> <li><a href="/wiki/State_Bank_of_Mysore" title="State Bank of Mysore">State Bank of Mysore</a></li> <li><a href="/wiki/State_Bank_of_Patiala" title="State Bank of Patiala">State Bank of Patiala</a></li> <li><a href="/wiki/State_Bank_of_Saurashtra" title="State Bank of Saurashtra">State Bank of Saurashtra</a></li> <li><a href="/wiki/State_Bank_of_Travancore" title="State Bank of Travancore">State Bank of Travancore</a></li> <li><a href="/wiki/Bharatiya_Mahila_Bank" title="Bharatiya Mahila Bank">Bharatiya Mahila Bank</a></li></ul> </div></td></tr><tr><th scope="row" class="navbox-group" style="width:1%">Rescued</th><td class="navbox-list-with-group navbox-list navbox-even" style="width:100%;padding:0"><div style="padding:0 0.25em"> <ul><li><a href="/wiki/Global_Trust_Bank_(India)" title="Global Trust Bank (India)">Global Trust Bank</a></li> <li><a href="/wiki/Lakshmi_Vilas_Bank" title="Lakshmi Vilas Bank">Lakshmi Vilas Bank</a></li> <li><a href="/wiki/Nedungadi_Bank" title="Nedungadi Bank">Nedungadi Bank</a></li> <li><a href="/wiki/United_Western_Bank" title="United Western Bank">United Western Bank</a></li> <li><a href="/wiki/United_Industrial_Bank" title="United Industrial Bank">United Industrial Bank</a></li></ul> </div></td></tr><tr><th scope="row" class="navbox-group" style="width:1%">Acquired</th><td class="navbox-list-with-group navbox-list navbox-odd" style="width:100%;padding:0"><div style="padding:0 0.25em"> <ul><li><a href="/wiki/Bank_of_Madura" title="Bank of Madura">Bank of Madura</a></li> <li><a href="/wiki/Bank_of_Rajasthan" title="Bank of Rajasthan">Bank of Rajasthan</a></li> <li><a href="/wiki/Bengal_Central_Bank" title="Bengal Central Bank">Bengal Central Bank</a></li> <li><a href="/wiki/Centurion_Bank_of_Punjab" title="Centurion Bank of Punjab">Centurion Bank of Punjab</a></li> <li><a href="/wiki/Chartered_Bank_of_India,_Australia_and_China" title="Chartered Bank of India, Australia and China">Chartered Bank of India, Australia and China</a></li> <li><a href="/wiki/Grindlays_Bank" title="Grindlays Bank">Grindlays Bank</a> <ul><li><a href="/wiki/National_Bank_of_India" class="mw-redirect" title="National Bank of India">National Bank of India</a></li></ul></li> <li><a href="/wiki/ING_Vysya_Bank" title="ING Vysya Bank">ING Vysya Bank</a></li> <li><a href="/wiki/Mercantile_Bank_of_India,_London_and_China" title="Mercantile Bank of India, London and China">Mercantile Bank of India, London and China</a></li> <li><a href="/wiki/Lord_Krishna_Bank" title="Lord Krishna Bank">Lord Krishna Bank</a></li></ul> </div><table class="nowraplinks navbox-subgroup" style="border-spacing:0"><tbody><tr><th id="PSB" scope="row" class="navbox-group" style="width:1%">PSB</th><td class="navbox-list-with-group navbox-list navbox-even" style="width:100%;padding:0"><div style="padding:0 0.25em"> <ul><li><a href="/wiki/Bharat_Overseas_Bank" title="Bharat Overseas Bank">Bharat Overseas Bank</a></li> <li><a href="/wiki/Pandyan_Bank" title="Pandyan Bank">Pandyan Bank</a></li></ul> </div></td></tr></tbody></table><div> </div></td></tr></tbody></table><div></div></td></tr><tr><th scope="row" class="navbox-group" style="width:1%">Wound up</th><td class="navbox-list-with-group navbox-list navbox-odd" style="width:100%;padding:0"><div style="padding:0 0.25em"> <ul><li><a href="/wiki/Bank_of_Chettinad" title="Bank of Chettinad">Bank of Chettinad</a></li> <li><a href="/wiki/Dass_Bank" title="Dass Bank">Dass Bank</a></li> <li><a href="/wiki/Industrial_Investment_Bank_of_India" title="Industrial Investment Bank of India">Industrial Investment Bank of India</a></li></ul> </div></td></tr><tr><th scope="row" class="navbox-group" style="width:1%">Failed</th><td class="navbox-list-with-group navbox-list navbox-even" style="width:100%;padding:0"><div style="padding:0 0.25em"> <ul><li><a href="/wiki/Alliance_Bank_of_Simla" title="Alliance Bank of Simla">Alliance Bank of Simla</a></li> <li><a href="/wiki/Arbuthnot_%26_Co" title="Arbuthnot & Co">Arbuthnot & Co</a></li> <li><a href="/wiki/Commercial_Bank_of_India" title="Commercial Bank of India">Commercial Bank of India</a></li> <li><a href="/wiki/Exchange_Bank_of_India_%26_Africa" title="Exchange Bank of India & Africa">Exchange Bank of India & Africa</a></li> <li><a href="/wiki/Oriental_Bank_Corporation" title="Oriental Bank Corporation">(New) Oriental Bank Corporation</a></li> <li><a href="/wiki/Oudh_Commercial_Bank" title="Oudh Commercial Bank">Oudh Commercial Bank</a></li> <li><a href="/wiki/Madhavpura_Mercantile_Cooperative_Bank" title="Madhavpura Mercantile Cooperative Bank">Madhavpura Mercantile Cooperative Bank</a></li></ul> </div></td></tr><tr><th scope="row" class="navbox-group" style="width:1%">Liquidated</th><td class="navbox-list-with-group navbox-list navbox-odd" style="width:100%;padding:0"><div style="padding:0 0.25em"> <ul><li><a href="/wiki/Bank_of_Hindostan" title="Bank of Hindostan">Bank of Hindostan</a></li> <li><a href="/wiki/Nath_Bank" title="Nath Bank">Nath Bank</a></li> <li><a href="/wiki/Palai_Central_Bank" title="Palai Central Bank">Palai Central Bank</a></li></ul> </div></td></tr></tbody></table><div></div></td></tr><tr><th scope="row" class="navbox-group" style="width:1%">Networks</th><td class="navbox-list-with-group navbox-list navbox-odd" style="width:100%;padding:0"><div style="padding:0 0.25em"></div><table class="nowraplinks navbox-subgroup" style="border-spacing:0"><tbody><tr><th scope="row" class="navbox-group" style="width:1%"><a href="/wiki/Interbank_network" title="Interbank network">Interbank networks</a></th><td class="navbox-list-with-group navbox-list navbox-even" style="width:100%;padding:0"><div style="padding:0 0.25em"> <ul><li><a href="/wiki/Cirrus_(interbank_network)" title="Cirrus (interbank network)">Cirrus</a></li> <li><a href="/wiki/National_Financial_Switch" title="National Financial Switch">NFS</a></li> <li><a href="/wiki/Plus_(interbank_network)" title="Plus (interbank network)">PLUS</a></li></ul> </div></td></tr><tr><th scope="row" class="navbox-group" style="width:1%"><a href="/wiki/Interbank_network" title="Interbank network">ATM networks</a></th><td class="navbox-list-with-group navbox-list navbox-odd" style="width:100%;padding:0"><div style="padding:0 0.25em"> <ul><li><a href="/wiki/Banks_ATM_Network_and_Customer_Services" title="Banks ATM Network and Customer Services">BANCS</a></li> <li><a href="/wiki/Cashnet" title="Cashnet">Cashnet</a></li> <li><a href="/wiki/CashTree" title="CashTree">CashTree</a></li> <li><a href="/wiki/MITR_ATM_Sharing_Network" title="MITR ATM Sharing Network">MITR</a></li></ul> </div></td></tr></tbody></table><div></div></td></tr><tr><th scope="row" class="navbox-group" style="width:1%"><a href="/wiki/Financial_technology" class="mw-redirect" title="Financial technology">Financial<br />technology</a></th><td class="navbox-list-with-group navbox-list navbox-odd" style="width:100%;padding:0"><div style="padding:0 0.25em"></div><table class="nowraplinks navbox-subgroup" style="border-spacing:0"><tbody><tr><th scope="row" class="navbox-group" style="width:1%"><a href="/wiki/Electronic_funds_transfer" title="Electronic funds transfer">Online transfers</a></th><td class="navbox-list-with-group navbox-list navbox-even" style="width:100%;padding:0"><div style="padding:0 0.25em"> <ul><li><a href="/wiki/Bharat_Bill_Payment_System" class="mw-redirect" title="Bharat Bill Payment System">BBPS</a></li> <li><a href="/wiki/Immediate_Payment_Service" title="Immediate Payment Service">IMPS</a></li> <li><a href="/wiki/National_Electronic_Funds_Transfer" title="National Electronic Funds Transfer">NEFT</a></li> <li><a href="/wiki/Real-time_gross_settlement" title="Real-time gross settlement">RTGS</a></li> <li><a href="/wiki/Unified_Payments_Interface" title="Unified Payments Interface">UPI</a></li> <li><a href="/wiki/Aadhaar_Enabled_Payment_System" class="mw-redirect" title="Aadhaar Enabled Payment System">AEPS</a></li> <li><a href="/wiki/Bharat_Interface_for_Money" class="mw-redirect" title="Bharat Interface for Money">BHIM</a></li></ul> </div></td></tr><tr><th scope="row" class="navbox-group" style="width:1%"><a href="/wiki/Payment_card" title="Payment card">Cards</a></th><td class="navbox-list-with-group navbox-list navbox-odd" style="width:100%;padding:0"><div style="padding:0 0.25em"> <ul><li><a href="/wiki/MasterCard" class="mw-redirect" title="MasterCard">MasterCard</a> <ul><li><a href="/wiki/Debit_MasterCard" class="mw-redirect" title="Debit MasterCard">Debit MasterCard</a></li> <li><a href="/wiki/Maestro_(debit_card)" title="Maestro (debit card)">Maestro</a></li></ul></li> <li><a href="/wiki/RuPay" title="RuPay">RuPay</a></li> <li><a href="/wiki/Visa_Inc." title="Visa Inc.">Visa</a> <ul><li><a href="/wiki/Visa_Debit" title="Visa Debit">Visa Debit</a></li> <li><a href="/wiki/Visa_Electron" title="Visa Electron">Visa Electron</a></li> <li><a href="/wiki/Visa_payWave" class="mw-redirect" title="Visa payWave">Visa payWave</a></li></ul></li></ul> </div></td></tr><tr><th scope="row" class="navbox-group" style="width:1%">Payment service</th><td class="navbox-list-with-group navbox-list navbox-even" style="width:100%;padding:0"><div style="padding:0 0.25em"> <ul><li><a href="/wiki/Atom_Technologies" class="mw-redirect" title="Atom Technologies">Atom</a></li> <li><a href="/wiki/Bharat_Interface_for_Money" class="mw-redirect" title="Bharat Interface for Money">BHIM</a></li> <li><a href="/wiki/BillDesk" title="BillDesk">BillDesk</a></li> <li><a href="/wiki/Infibeam" title="Infibeam">CCAvenue</a></li> <li><a href="/wiki/Google_Pay_(payment_method)" title="Google Pay (payment method)">Google Pay</a></li> <li><a href="/wiki/Zeta_India" class="mw-redirect" title="Zeta India">Zeta India</a></li></ul> </div></td></tr><tr><th scope="row" class="navbox-group" style="width:1%"><a href="/wiki/Digital_wallets" class="mw-redirect" title="Digital wallets">Digital wallets</a></th><td class="navbox-list-with-group navbox-list navbox-odd" style="width:100%;padding:0"><div style="padding:0 0.25em"> <ul><li><a href="/wiki/Amazon_Pay" title="Amazon Pay">Amazon Pay</a></li> <li><a href="/wiki/Freecharge" title="Freecharge">Freecharge</a></li> <li><a href="/wiki/Mobikwik" class="mw-redirect" title="Mobikwik">Mobikwik</a></li> <li><a href="/wiki/Oxigen_Services" title="Oxigen Services">Oxigen Services</a></li> <li><a href="/wiki/Payoneer" title="Payoneer">Payoneer</a></li> <li><a href="/wiki/Paytm_Payments_Bank" title="Paytm Payments Bank">Paytm</a></li> <li><a href="/wiki/PayU" title="PayU">PayU</a></li> <li><a href="/wiki/Payworld" title="Payworld">Payworld</a></li> <li><a href="/wiki/PhonePe" title="PhonePe">PhonePe</a></li></ul> </div></td></tr></tbody></table><div></div></td></tr><tr><th scope="row" class="navbox-group" style="width:1%">Other</th><td class="navbox-list-with-group navbox-list navbox-even" style="width:100%;padding:0"><div style="padding:0 0.25em"> <ul><li><a href="/wiki/ATM_usage_fees#India" title="ATM usage fees">ATM usage fees</a></li> <li><a href="/wiki/Demat_account" title="Demat account">De-Materialisation (De-Mat)</a></li> <li><a href="/wiki/Foreign_exchange_market" title="Foreign exchange market">Foreign Exchange (ForEx)</a></li> <li><a href="/wiki/Indian_Financial_System_Code" title="Indian Financial System Code">Indian Financial System Code (IFSC)</a></li> <li><a href="/wiki/List_of_banks_in_India" title="List of banks in India">List of banks</a></li> <li><a href="/wiki/National_Unified_USSD_Platform" title="National Unified USSD Platform">National Unified USSD Platform (NUUP)</a></li></ul> </div><table class="nowraplinks navbox-subgroup" style="border-spacing:0"><tbody><tr><th id="Protocol" scope="row" class="navbox-group" style="width:1%">Protocol</th><td class="navbox-list-with-group navbox-list navbox-odd" style="width:100%;padding:0"><div style="padding:0 0.25em"> <ul><li><a href="/wiki/Bharat_Bill_Payment_System" class="mw-redirect" title="Bharat Bill Payment System">BBPS</a></li> <li><a href="/wiki/Structured_Financial_Messaging_System" title="Structured Financial Messaging System">Structured Financial Messaging System (SFMS)</a></li></ul> </div></td></tr></tbody></table><div> </div></td></tr></tbody></table><div></div></td></tr><tr><th scope="row" class="navbox-group" style="width:1%">Investment<br />banking</th><td class="navbox-list-with-group navbox-list navbox-even" style="width:100%;padding:0"><div style="padding:0 0.25em"> <ul><li><a href="/w/index.php?title=A_K_Capital_Services&action=edit&redlink=1" class="new" title="A K Capital Services (page does not exist)">A.K. Capital Services Ltd.</a></li> <li><a href="/w/index.php?title=Ambit_Capital&action=edit&redlink=1" class="new" title="Ambit Capital (page does not exist)">Ambit Corporate Finance Pvt.Ltd.</a></li> <li><a href="/w/index.php?title=Anand_Rathi&action=edit&redlink=1" class="new" title="Anand Rathi (page does not exist)">Anand Rathi Advisors Ltd.</a></li> <li><a href="/w/index.php?title=Ashika_Capital&action=edit&redlink=1" class="new" title="Ashika Capital (page does not exist)">Ashika Capital Ltd.</a></li> <li><a href="/w/index.php?title=Avendus_Capital&action=edit&redlink=1" class="new" title="Avendus Capital (page does not exist)">Avendus Capital Pvt.Ltd.</a></li> <li><a href="/wiki/Axis_Bank" title="Axis Bank">Axis Bank Ltd.</a></li> <li><a href="/wiki/Axis_Bank#Axis_Capital_Ltd." title="Axis Bank">Axis Capital Ltd.</a></li> <li><a href="/wiki/Barclays" title="Barclays">Barclays Bank Plc</a></li> <li><a href="/w/index.php?title=Bcb_Brokerage&action=edit&redlink=1" class="new" title="Bcb Brokerage (page does not exist)">Bcb Brokerage Pvt.Ltd.</a></li> <li><a href="/w/index.php?title=Birla_Capital_%26_Financial_Services&action=edit&redlink=1" class="new" title="Birla Capital & Financial Services (page does not exist)">Birla Capital & Financial Services Ltd.</a></li> <li><a href="/wiki/BNP_Paribas" title="BNP Paribas">BNP Paribas</a></li> <li><a href="/wiki/BOB_Capital_Markets" class="mw-redirect" title="BOB Capital Markets">Bob Capital Markets Ltd.</a></li> <li><a href="/wiki/Bank_of_India" title="Bank of India">Boi Merchant Bankers Ltd.</a></li> <li><a href="/wiki/Canara_Bank" title="Canara Bank">Canara Bank</a></li> <li><a href="/w/index.php?title=Central_Bank_Of_India&action=edit&redlink=1" class="new" title="Central Bank Of India (page does not exist)">Central Bank Of India</a></li> <li><a href="/w/index.php?title=Centrum_Capital&action=edit&redlink=1" class="new" title="Centrum Capital (page does not exist)">Centrum Capital Ltd.</a></li> <li><a href="/w/index.php?title=Chartered_Finance_Management&action=edit&redlink=1" class="new" title="Chartered Finance Management (page does not exist)">Chartered Finance Management Ltd.</a></li> <li><a href="/w/index.php?title=Choice_Capital_Advisors&action=edit&redlink=1" class="new" title="Choice Capital Advisors (page does not exist)">Choice Capital Advisors Pvt.Ltd.</a></li> <li><a href="/wiki/Citigroup" title="Citigroup">Citigroup Global Markets India Pvt.Ltd.</a></li> <li><a href="/wiki/Credit_Suisse" title="Credit Suisse">Credit Suisse Securities (India) Pvt.Ltd.</a></li> <li><a href="/wiki/Deutsche_Bank" title="Deutsche Bank">Deutsche Equities India Pvt.Ltd.</a></li> <li><a href="/w/index.php?title=DSP_Merrill_Lynch&action=edit&redlink=1" class="new" title="DSP Merrill Lynch (page does not exist)">DSP Merrill Lynch Ltd.</a></li> <li><a href="/wiki/Edelweiss_Group" title="Edelweiss Group">Edelweiss Financial Services Ltd.</a></li> <li><a href="/wiki/Ernst_%26_Young" title="Ernst & Young">Ernst & Young Merchant Banking Services Pvt.Ltd.</a></li> <li><a href="/wiki/HDFC_Bank" title="HDFC Bank">HDFC Bank Ltd.</a></li> <li><a href="/wiki/HSBC" title="HSBC">HSBC Securities & Capital Markets (India) Pvt.Ltd.</a></li> <li><a href="/wiki/ICICI_Securities" class="mw-redirect" title="ICICI Securities">ICICI Securities Ltd.</a></li> <li><a href="/wiki/IDBI_Capital" class="mw-redirect" title="IDBI Capital">IDBI Capital Market Services Ltd.</a></li> <li><a href="/wiki/Infrastructure_Development_Finance_Company" title="Infrastructure Development Finance Company">IDFC Securities Ltd.</a></li> <li><a href="/wiki/India_Infoline" title="India Infoline">IIFL Holdings Ltd.</a></li> <li><a href="/wiki/Infrastructure_Leasing_%26_Financial_Services" title="Infrastructure Leasing & Financial Services">Il&Fs Capital Advisors Ltd.</a></li> <li><a href="/wiki/Indian_Overseas_Bank" title="Indian Overseas Bank">Indian Overseas Bank</a></li> <li><a href="/w/index.php?title=Inga_Capital&action=edit&redlink=1" class="new" title="Inga Capital (page does not exist)">Inga Capital Pvt.Ltd.</a></li> <li><a href="/wiki/Jefferies_Group" title="Jefferies Group">Jefferies India Pvt.Ltd.</a></li> <li><a href="/wiki/JM_Financial" title="JM Financial">JM Financial Institutional Securities Ltd.</a></li> <li><a href="/w/index.php?title=JP_Morgan_India&action=edit&redlink=1" class="new" title="JP Morgan India (page does not exist)">JP Morgan India Pvt.Ltd.</a></li> <li><a href="/wiki/Karvy_Corporate" title="Karvy Corporate">Karvy Investor Services Ltd.</a></li> <li><a href="/w/index.php?title=Keynote_Corporate_Services&action=edit&redlink=1" class="new" title="Keynote Corporate Services (page does not exist)">Keynote Corporate Services Ltd.</a></li> <li><a href="/w/index.php?title=KJMC_Corporate_Advisors&action=edit&redlink=1" class="new" title="KJMC Corporate Advisors (page does not exist)">KJMC Corporate Advisors (India) Ltd.</a></li> <li><a href="/wiki/Kotak_Mahindra_Bank" title="Kotak Mahindra Bank">Kotak Mahindra Capital Co.Ltd.</a></li> <li><a href="/wiki/Lazard" title="Lazard">Lazard India Pvt.Ltd.</a></li> <li><a href="/wiki/Morgan_Stanley" title="Morgan Stanley">Morgan Stanley India Co.Pvt.Ltd.</a></li> <li><a href="/wiki/Motilal_Oswal_Financial_Services" title="Motilal Oswal Financial Services">Motilal Oswal Investment Advisors Pvt. Ltd.</a></li> <li><a href="/w/index.php?title=Munoth_Financial_Services&action=edit&redlink=1" class="new" title="Munoth Financial Services (page does not exist)">Munoth Financial Services Ltd.</a></li> <li><a href="/w/index.php?title=Pantomath_Capital_Advisors&action=edit&redlink=1" class="new" title="Pantomath Capital Advisors (page does not exist)">Pantomath Capital Advisors Pvt.Ltd.</a></li> <li><a href="/wiki/Religare" title="Religare">Religare Capital Markets Ltd.</a></li> <li><a href="/wiki/Rothschild_%26_Co" title="Rothschild & Co">Rothschild (India) Pvt.Ltd.</a></li> <li><a href="/w/index.php?title=Saffron_Capital_Advisors&action=edit&redlink=1" class="new" title="Saffron Capital Advisors (page does not exist)">Saffron Capital Advisors Pvt.Ltd.</a></li> <li><a href="/wiki/SBI_Capital_Markets" title="SBI Capital Markets">SBI Capital Markets Ltd.</a></li> <li><a href="/w/index.php?title=SMC_Capitals&action=edit&redlink=1" class="new" title="SMC Capitals (page does not exist)">SMC Capitals Ltd.</a></li> <li><a href="/w/index.php?title=Trust_Investment_Advisors&action=edit&redlink=1" class="new" title="Trust Investment Advisors (page does not exist)">Trust Investment Advisors Pvt.Ltd.</a></li> <li><a href="/wiki/UBS" title="UBS">UBS Securities India Pvt.Ltd.</a></li> <li><a href="/w/index.php?title=Union_Bank_Of_India&action=edit&redlink=1" class="new" title="Union Bank Of India (page does not exist)">Union Bank Of India</a></li> <li><a href="/w/index.php?title=Vivro_Financial_Services&action=edit&redlink=1" class="new" title="Vivro Financial Services (page does not exist)">Vivro Financial Services Pvt.Ltd.</a></li> <li><a href="/wiki/Yes_Bank" class="mw-redirect" title="Yes Bank">Yes Bank Ltd.</a></li></ul> </div></td></tr><tr><th scope="row" class="navbox-group" style="width:1%">Institutions</th><td class="navbox-list-with-group navbox-list navbox-odd" style="width:100%;padding:0"><div style="padding:0 0.25em"> <ul><li><a href="/wiki/SIDBI" class="mw-redirect" title="SIDBI">SIDBI</a></li> <li><a href="/wiki/National_Bank_for_Agriculture_and_Rural_Development" title="National Bank for Agriculture and Rural Development">NABARD</a></li> <li><a href="/w/index.php?title=Exim_Bank_(India)&action=edit&redlink=1" class="new" title="Exim Bank (India) (page does not exist)">EXIM</a></li> <li><a href="/wiki/Industrial_Investment_Bank_of_India" title="Industrial Investment Bank of India">IIBI</a></li> <li><a href="/wiki/IFCI_Ltd" title="IFCI Ltd">IFCI</a></li></ul> </div></td></tr></tbody></table><div></div></td></tr></tbody></table><div></div></td></tr><tr><td colspan="2" class="navbox-list navbox-odd" style="width:100%;padding:0"><div style="padding:0 0.25em"></div><table class="nowraplinks mw-collapsible mw-collapsed navbox-subgroup" style="border-spacing:0"><tbody><tr><th scope="col" class="navbox-title" colspan="2"><div id="Asset_management" style="font-size:114%;margin:0 4em">Asset management</div></th></tr><tr><td colspan="2" class="navbox-list navbox-odd" style="width:100%;padding:0"><div style="padding:0 0.25em"></div><table class="nowraplinks navbox-subgroup" style="border-spacing:0"><tbody><tr><th scope="row" class="navbox-group" style="width:1%">Hedge funds</th><td class="navbox-list-with-group navbox-list navbox-odd" style="width:100%;padding:0"><div style="padding:0 0.25em"> <ul><li>True Beacon</li></ul> </div></td></tr><tr><th scope="row" class="navbox-group" style="width:1%">Mutual funds</th><td class="navbox-list-with-group navbox-list navbox-even" style="width:100%;padding:0"><div style="padding:0 0.25em"> <ul><li><a href="/wiki/Axis_Mutual_Fund" title="Axis Mutual Fund">Axis</a></li> <li><a href="/w/index.php?title=Baroda_Pioneer_Asset_Management_Company&action=edit&redlink=1" class="new" title="Baroda Pioneer Asset Management Company (page does not exist)">Baroda Pioneer</a></li> <li><a href="/wiki/Birla_Sun_Life_Asset_Management" class="mw-redirect" title="Birla Sun Life Asset Management">Birla Sun Life</a></li> <li><a href="/wiki/BNP_Paribas#Investment_solutions" title="BNP Paribas">BNP Paribas</a></li> <li><a href="/w/index.php?title=BOI_AXA_Asset_Management_Company&action=edit&redlink=1" class="new" title="BOI AXA Asset Management Company (page does not exist)">BOI AXA</a></li> <li><a href="/w/index.php?title=Canara_Robeco_Asset_Management_Company&action=edit&redlink=1" class="new" title="Canara Robeco Asset Management Company (page does not exist)">Canara Robeco</a></li> <li><a href="/wiki/PGIM" title="PGIM">PGIM</a></li> <li><a href="/w/index.php?title=DHFL_Pramerica_Asset_Management_Company&action=edit&redlink=1" class="new" title="DHFL Pramerica Asset Management Company (page does not exist)">DHFL Pramerica</a></li> <li><a href="/w/index.php?title=DSP_Asset_Management_Company&action=edit&redlink=1" class="new" title="DSP Asset Management Company (page does not exist)">DSP</a></li> <li><a href="/w/index.php?title=Edelweiss_Asset_Management_Company&action=edit&redlink=1" class="new" title="Edelweiss Asset Management Company (page does not exist)">Edelweiss</a></li> <li><a href="/w/index.php?title=Escorts_Asset_Management_Company&action=edit&redlink=1" class="new" title="Escorts Asset Management Company (page does not exist)">Escorts</a></li> <li><a href="/wiki/Franklin_Templeton_Investments" title="Franklin Templeton Investments">Franklin Templeton Investments</a></li> <li><a href="/w/index.php?title=Goldman_Sachs_Asset_Management_Company&action=edit&redlink=1" class="new" title="Goldman Sachs Asset Management Company (page does not exist)">Goldman Sachs</a></li> <li><a href="/w/index.php?title=HDFC_AMC&action=edit&redlink=1" class="new" title="HDFC AMC (page does not exist)">HDFC AMC</a></li> <li><a href="/w/index.php?title=HSBC_Global_Asset_Management_Company&action=edit&redlink=1" class="new" title="HSBC Global Asset Management Company (page does not exist)">HSBC Global</a></li> <li><a href="/wiki/ICICI_Prudential_Mutual_Fund" title="ICICI Prudential Mutual Fund">ICICI Prudential</a></li> <li><a href="/w/index.php?title=IDBI_Asset_Management_Company&action=edit&redlink=1" class="new" title="IDBI Asset Management Company (page does not exist)">IDBI</a></li> <li><a href="/w/index.php?title=IDFC_Asset_Management_Company&action=edit&redlink=1" class="new" title="IDFC Asset Management Company (page does not exist)">IDFC</a></li> <li><a href="/w/index.php?title=IIFCL_Asset_Management&action=edit&redlink=1" class="new" title="IIFCL Asset Management (page does not exist)">IIFCL Asset Management</a></li> <li><a href="/w/index.php?title=IIFL_Asset_Management_Company&action=edit&redlink=1" class="new" title="IIFL Asset Management Company (page does not exist)">IIFL</a></li> <li><a href="/w/index.php?title=IL_%26_FS_Infra_Asset_Management_Company&action=edit&redlink=1" class="new" title="IL & FS Infra Asset Management Company (page does not exist)">IL & FS Infra</a></li> <li><a href="/w/index.php?title=Indiabulls_Asset_Management_Company&action=edit&redlink=1" class="new" title="Indiabulls Asset Management Company (page does not exist)">Indiabulls</a></li> <li><a href="/w/index.php?title=JM_Financial_Asset_Management&action=edit&redlink=1" class="new" title="JM Financial Asset Management (page does not exist)">JM Financial</a></li> <li><a href="/wiki/Kotak_Mutual_Fund" title="Kotak Mutual Fund">Kotak</a></li> <li><a href="/wiki/L_%26_T_Mutual_Fund" class="mw-redirect" title="L & T Mutual Fund">L & T</a></li> <li><a href="/w/index.php?title=LIC_Nomura_Mutual_Fund_Asset_Management_Company&action=edit&redlink=1" class="new" title="LIC Nomura Mutual Fund Asset Management Company (page does not exist)">LIC Nomura</a></li> <li><a href="/w/index.php?title=Mirae_Asset_Management_Company&action=edit&redlink=1" class="new" title="Mirae Asset Management Company (page does not exist)">Mirae</a></li> <li><a href="/w/index.php?title=Nippon_India_Mutual_Fund&action=edit&redlink=1" class="new" title="Nippon India Mutual Fund (page does not exist)">Nippon India</a></li> <li><a href="/w/index.php?title=Motilal_Oswal_Asset_Management_Company&action=edit&redlink=1" class="new" title="Motilal Oswal Asset Management Company (page does not exist)">Motilal Oswal</a></li> <li><a href="/w/index.php?title=Peerless_Asset_Management_Company&action=edit&redlink=1" class="new" title="Peerless Asset Management Company (page does not exist)">Peerless</a></li> <li><a href="/w/index.php?title=PPFAS_Asset_Management_Company&action=edit&redlink=1" class="new" title="PPFAS Asset Management Company (page does not exist)">PPFAS</a></li> <li><a href="/w/index.php?title=Quantum_Asset_Management_Company&action=edit&redlink=1" class="new" title="Quantum Asset Management Company (page does not exist)">Quantum</a></li> <li><a href="/w/index.php?title=Religare_Global_Asset_Management_Company&action=edit&redlink=1" class="new" title="Religare Global Asset Management Company (page does not exist)">Religare</a></li> <li><a href="/w/index.php?title=Sahara_Asset_Management_Company&action=edit&redlink=1" class="new" title="Sahara Asset Management Company (page does not exist)">Sahara</a></li> <li><a href="/wiki/SBI_Mutual_Fund" title="SBI Mutual Fund">SBI</a></li> <li><a href="/w/index.php?title=Shriram_Asset_Management_Company&action=edit&redlink=1" class="new" title="Shriram Asset Management Company (page does not exist)">Shriram</a></li> <li><a href="/w/index.php?title=Sundaram_Asset_Management_Company&action=edit&redlink=1" class="new" title="Sundaram Asset Management Company (page does not exist)">Sundaram</a></li> <li><a href="/w/index.php?title=Tata_Asset_Management_Company&action=edit&redlink=1" class="new" title="Tata Asset Management Company (page does not exist)">Tata</a></li> <li><a href="/w/index.php?title=Taurus_Asset_Management_Company&action=edit&redlink=1" class="new" title="Taurus Asset Management Company (page does not exist)">Taurus</a></li> <li><a href="/w/index.php?title=Union_KBC_Asset_Management_Company&action=edit&redlink=1" class="new" title="Union KBC Asset Management Company (page does not exist)">Union KBC</a></li> <li><a href="/wiki/Unit_Trust_of_India" class="mw-redirect" title="Unit Trust of India">Unit Trust of India</a></li></ul> </div></td></tr><tr><th scope="row" class="navbox-group" style="width:1%"><a href="/wiki/Investment_trust" title="Investment trust">InvITs</a></th><td class="navbox-list-with-group navbox-list navbox-odd" style="width:100%;padding:0"><div style="padding:0 0.25em"></div><table class="nowraplinks navbox-subgroup" style="border-spacing:0"><tbody><tr><th scope="row" class="navbox-group" style="width:1%"><a href="/wiki/Real_estate_investment_trust" title="Real estate investment trust">REITs</a></th><td class="navbox-list-with-group navbox-list navbox-odd" style="width:100%;padding:0"><div style="padding:0 0.25em"> <ul><li><a href="/wiki/Brookfield_Property_Partners" title="Brookfield Property Partners">Brookfield Real Estate Trust</a></li> <li><a href="/wiki/Raheja_Mindspace" title="Raheja Mindspace">Mindspace Business Parks REIT</a></li> <li><a href="/w/index.php?title=IIFL_Real_Estate_Investment_Trust&action=edit&redlink=1" class="new" title="IIFL Real Estate Investment Trust (page does not exist)">IIFL Real Estate Investment Trust</a></li> <li><a href="/wiki/Embassy_Group" title="Embassy Group">Embassy Office Parks REIT</a></li></ul> </div></td></tr><tr><th scope="row" class="navbox-group" style="width:1%">Other</th><td class="navbox-list-with-group navbox-list navbox-odd" style="width:100%;padding:0"><div style="padding:0 0.25em"></div><table class="nowraplinks navbox-subgroup" style="border-spacing:0"><tbody><tr><th scope="row" class="navbox-group" style="width:1%">Telecom</th><td class="navbox-list-with-group navbox-list navbox-even" style="width:100%;padding:0"><div style="padding:0 0.25em"> <ul><li><a href="/wiki/Reliance_Industries" title="Reliance Industries">Digital Fibre Infrastructure Trust</a></li> <li><a href="/w/index.php?title=Tower_Infrastructure_Trust&action=edit&redlink=1" class="new" title="Tower Infrastructure Trust (page does not exist)">Tower Infrastructure Trust</a></li></ul> </div></td></tr><tr><th scope="row" class="navbox-group" style="width:1%">Energy</th><td class="navbox-list-with-group navbox-list navbox-odd" style="width:100%;padding:0"><div style="padding:0 0.25em"> <ul><li><a href="/wiki/Vedanta_Limited" title="Vedanta Limited">India Grid Trust</a></li> <li><a href="/wiki/Brookfield_Infrastructure_Partners" title="Brookfield Infrastructure Partners">India Infrastructure Trust</a></li> <li><a href="/wiki/Power_Grid_Corporation_of_India" title="Power Grid Corporation of India">POWERGRID Infrastructure Investment Trust</a></li></ul> </div></td></tr><tr><th scope="row" class="navbox-group" style="width:1%">Roads</th><td class="navbox-list-with-group navbox-list navbox-even" style="width:100%;padding:0"><div style="padding:0 0.25em"> <ul><li><a href="/wiki/Global_Infrastructure_Partners" title="Global Infrastructure Partners">Indian Highway Concessions Trust</a></li> <li><a href="/wiki/Sadbhav_Engineering_Limited" class="mw-redirect" title="Sadbhav Engineering Limited">IndInfravit Trust</a></li> <li><a href="/wiki/IRB_Infrastructure" title="IRB Infrastructure">IRB Infrastructure</a></li> <li><a href="/wiki/IRB_Infrastructure" title="IRB Infrastructure">IRB InvIT Fund</a></li> <li><a href="/w/index.php?title=MEP_Infrastructure_Investment_Trust&action=edit&redlink=1" class="new" title="MEP Infrastructure Investment Trust (page does not exist)">MEP Infrastructure Investment Trust</a></li> <li><a href="/wiki/National_Highways_Authority_of_India" title="National Highways Authority of India">National Highways Infra Trust</a></li> <li><a href="/w/index.php?title=Oriental_InfraTrust&action=edit&redlink=1" class="new" title="Oriental InfraTrust (page does not exist)">Oriental InfraTrust</a></li> <li><a href="/wiki/Infrastructure_Leasing_%26_Financial_Services" title="Infrastructure Leasing & Financial Services">Roadstar Infra Investment Trust</a></li> <li><a href="/w/index.php?title=Shrem_Invit&action=edit&redlink=1" class="new" title="Shrem Invit (page does not exist)">Shrem Invit</a></li></ul> </div></td></tr></tbody></table><div></div></td></tr></tbody></table><div></div></td></tr></tbody></table><div></div></td></tr></tbody></table><div></div></td></tr><tr><td colspan="2" class="navbox-list navbox-odd" style="width:100%;padding:0"><div style="padding:0 0.25em"></div><table class="nowraplinks mw-collapsible mw-collapsed navbox-subgroup" style="border-spacing:0"><tbody><tr><th scope="col" class="navbox-title" colspan="2"><div id="Insurance" style="font-size:114%;margin:0 4em">Insurance</div></th></tr><tr><td colspan="2" class="navbox-list navbox-odd" style="width:100%;padding:0"><div style="padding:0 0.25em"></div><table class="nowraplinks navbox-subgroup" style="border-spacing:0"><tbody><tr><th scope="row" class="navbox-group" style="width:1%"><a href="/wiki/Category:Insurance_companies_of_India" title="Category:Insurance companies of India">Companies</a></th><td class="navbox-list-with-group navbox-list navbox-odd" style="width:100%;padding:0"><div style="padding:0 0.25em"></div><table class="nowraplinks navbox-subgroup" style="border-spacing:0"><tbody><tr><th scope="row" class="navbox-group" style="width:1%"><a href="/wiki/Agricultural_insurance_in_India" title="Agricultural insurance in India">Agriculture</a></th><td class="navbox-list-with-group navbox-list navbox-odd" style="width:100%;padding:0"><div style="padding:0 0.25em"> <ul><li><a href="/wiki/Agriculture_Insurance_Company_of_India" title="Agriculture Insurance Company of India">Agriculture Insurance Company of India</a></li></ul> </div></td></tr><tr><th scope="row" class="navbox-group" style="width:1%"><a href="/wiki/General_insurance" title="General insurance">General</a></th><td class="navbox-list-with-group navbox-list navbox-odd" style="width:100%;padding:0"><div style="padding:0 0.25em"></div><table class="nowraplinks navbox-subgroup" style="border-spacing:0"><tbody><tr><th scope="row" class="navbox-group" style="width:1%">Private</th><td class="navbox-list-with-group navbox-list navbox-even" style="width:100%;padding:0"><div style="padding:0 0.25em"> <ul><li><a href="/wiki/Bajaj_Allianz_General_Insurance" class="mw-redirect" title="Bajaj Allianz General Insurance">Bajaj Allianz</a></li> <li><a href="/wiki/Birla_Sun_Life_Asset_Management" class="mw-redirect" title="Birla Sun Life Asset Management">Aditya Birla Capital</a></li> <li><a href="/wiki/Care_Health_Insurance" title="Care Health Insurance">Care Health Insurance</a></li> <li><a href="/wiki/Cholamandalam_MS_General_Insurance" title="Cholamandalam MS General Insurance">Cholamandalam MS</a></li> <li><a href="/wiki/Edelweiss_Group" title="Edelweiss Group">Edelweiss Group</a></li> <li><a href="/wiki/HDFC_ERGO_General_Insurance_Company" title="HDFC ERGO General Insurance Company">HDFC ERGO</a></li> <li><a href="/wiki/Future_Generali_India_Insurance" title="Future Generali India Insurance">Future Generali</a></li> <li><a href="/wiki/ICICI_Lombard" title="ICICI Lombard">ICICI Lombard</a></li> <li><a href="/w/index.php?title=ManipalCigna_Health&action=edit&redlink=1" class="new" title="ManipalCigna Health (page does not exist)">ManipalCigna Health</a></li> <li><a href="/wiki/Kotak_Mahindra_General_Insurance" class="mw-redirect" title="Kotak Mahindra General Insurance">Kotak Mahindra</a></li> <li><a href="/wiki/Reliance_General_Insurance" title="Reliance General Insurance">Reliance</a></li> <li><a href="/wiki/Royal_Sundaram_General_Insurance" title="Royal Sundaram General Insurance">Royal Sundaram</a></li> <li><a href="/wiki/TATA_AIG" title="TATA AIG">TATA AIG</a></li> <li><a href="/wiki/SBI_General_Insurance" title="SBI General Insurance">SBI General</a></li> <li><a href="/w/index.php?title=Shriram_General_Insurance&action=edit&redlink=1" class="new" title="Shriram General Insurance (page does not exist)">Shriram General Insurance</a></li> <li><a href="/wiki/Max_Bupa" class="mw-redirect" title="Max Bupa">Max Bupa</a></li> <li><a href="/wiki/Star_Health_and_Allied_Insurance" title="Star Health and Allied Insurance">Star Health</a></li></ul> </div></td></tr><tr><th scope="row" class="navbox-group" style="width:1%">Govt</th><td class="navbox-list-with-group navbox-list navbox-odd" style="width:100%;padding:0"><div style="padding:0 0.25em"> <ul><li><a href="/wiki/National_Insurance_Company_Limited" class="mw-redirect" title="National Insurance Company Limited">National Insurance</a></li> <li><a href="/wiki/New_India_Assurance" title="New India Assurance">New India Assurance</a></li> <li><a href="/wiki/Oriental_Insurance_Company_Limited" class="mw-redirect" title="Oriental Insurance Company Limited">Oriental Insurance</a></li> <li><a href="/wiki/United_India_Insurance_Company" title="United India Insurance Company">United India</a></li> <li><a href="/wiki/Employees%27_State_Insurance" title="Employees' State Insurance">Employees State Insurance (ESI)</a></li></ul> </div></td></tr></tbody></table><div></div></td></tr><tr><th scope="row" class="navbox-group" style="width:1%"><a href="/wiki/Life_insurance_in_India" title="Life insurance in India">Life</a></th><td class="navbox-list-with-group navbox-list navbox-even" style="width:100%;padding:0"><div style="padding:0 0.25em"> <ul><li>Aegon Life</li> <li><a href="/wiki/Aviva_India" title="Aviva India">Aviva India</a></li> <li><a href="/wiki/Bajaj_Allianz_Life_Insurance" class="mw-redirect" title="Bajaj Allianz Life Insurance">Bajaj Allianz</a></li> <li><a href="/wiki/Birla_Sun_Life_Asset_Management" class="mw-redirect" title="Birla Sun Life Asset Management">Birla Sun Life</a></li> <li><a href="/wiki/Canara_HSBC_Oriental_Bank_of_Commerce_Life_Insurance" class="mw-redirect" title="Canara HSBC Oriental Bank of Commerce Life Insurance">Canara HSBC OBC Life</a></li> <li><a href="/wiki/Edelweiss_Group" title="Edelweiss Group">Edelweiss Group</a></li> <li><a href="/wiki/Exide_Life_Insurance" title="Exide Life Insurance">Exide Life</a></li> <li><a href="/wiki/HDFC_Life" title="HDFC Life">HDFC Life</a></li> <li><a href="/wiki/ICICI_Prudential" class="mw-redirect" title="ICICI Prudential">ICICI Prudential</a></li> <li><a href="/wiki/Life_Insurance_Corporation_of_India" class="mw-redirect" title="Life Insurance Corporation of India">LIC</a></li> <li><a href="/wiki/Max_Life_Insurance" title="Max Life Insurance">Max Life</a></li> <li><a href="/wiki/Peerless_Group" title="Peerless Group">Peerless Group</a></li> <li><a href="/wiki/PNB_MetLife_India_Insurance_Company" title="PNB MetLife India Insurance Company">PNB MetLife</a></li> <li><a href="/wiki/Reliance_Life_Insurance" title="Reliance Life Insurance">Reliance</a></li> <li><a href="/wiki/Kotak_Life_Insurance" title="Kotak Life Insurance">Kotak</a></li> <li><a href="/wiki/SBI_Life_Insurance_Company_Limited" class="mw-redirect" title="SBI Life Insurance Company Limited">SBI Life</a></li> <li><a href="/wiki/Shriram_Life_Insurance" class="mw-redirect" title="Shriram Life Insurance">Shriram Life Insurance</a></li> <li>Tata AIA</li></ul> </div></td></tr><tr><th scope="row" class="navbox-group" style="width:1%"><a href="/wiki/Reinsurance" title="Reinsurance">Reinsurance</a></th><td class="navbox-list-with-group navbox-list navbox-odd" style="width:100%;padding:0"><div style="padding:0 0.25em"> <ul><li><a href="/wiki/General_Insurance_Corporation_of_India" title="General Insurance Corporation of India">GIC-Re</a></li></ul> </div></td></tr><tr><th scope="row" class="navbox-group" style="width:1%"><a href="/wiki/Insurance_Repository_in_India" title="Insurance Repository in India">Repository</a></th><td class="navbox-list-with-group navbox-list navbox-even" style="width:100%;padding:0"><div style="padding:0 0.25em"> <ul><li><a href="/wiki/Central_Depository_Services_Limited" title="Central Depository Services Limited">CDSL</a></li> <li><a href="/wiki/National_Securities_Depository_Limited" title="National Securities Depository Limited">NSDL</a></li></ul> </div></td></tr></tbody></table><div></div></td></tr><tr><th scope="row" class="navbox-group" style="width:1%">Policy</th><td class="navbox-list-with-group navbox-list navbox-odd" style="width:100%;padding:0"><div style="padding:0 0.25em"> <ul><li><a href="/wiki/Agricultural_insurance_in_India" title="Agricultural insurance in India">Agricultural insurance in India</a></li> <li><a href="/wiki/National_Health_Policy" title="National Health Policy">National Health Policy</a></li> <li><a href="/wiki/Pradhan_Mantri_Fasal_Bima_Yojana" title="Pradhan Mantri Fasal Bima Yojana">Pradhan Mantri Fasal Bima Yojana</a></li> <li><a href="/wiki/Pradhan_Mantri_Suraksha_Bima_Yojana" title="Pradhan Mantri Suraksha Bima Yojana">Pradhan Mantri Suraksha Bima Yojana</a></li> <li><a href="/wiki/Pradhan_Mantri_Jeevan_Jyoti_Bima_Yojana" title="Pradhan Mantri Jeevan Jyoti Bima Yojana">Pradhan Mantri Jeevan Jyoti Bima Yojana</a></li> <li><a href="/wiki/Ayushman_Bharat_Yojana" title="Ayushman Bharat Yojana">Ayushman Bharat Yojana</a></li> <li><a href="/wiki/Rashtriya_Swasthya_Bima_Yojana" title="Rashtriya Swasthya Bima Yojana">Rashtriya Swasthya Bima Yojana</a></li> <li><a href="/wiki/Biju_Swastya_Kalyan_Yojana" title="Biju Swastya Kalyan Yojana">Biju Swastya Kalyan Yojana</a></li></ul> </div></td></tr><tr><th scope="row" class="navbox-group" style="width:1%">Other</th><td class="navbox-list-with-group navbox-list navbox-even" style="width:100%;padding:0"><div style="padding:0 0.25em"> <ul><li><a href="/wiki/Center_for_Insurance_Studies_and_Research" title="Center for Insurance Studies and Research">CISR</a></li> <li><a href="/wiki/Insurance_Institute_of_India" title="Insurance Institute of India">Insurance Institute of India</a></li></ul> </div></td></tr></tbody></table><div></div></td></tr></tbody></table><div></div></td></tr><tr><td colspan="2" class="navbox-list navbox-odd" style="width:100%;padding:0"><div style="padding:0 0.25em"></div><table class="nowraplinks mw-collapsible mw-collapsed navbox-subgroup" style="border-spacing:0"><tbody><tr><th scope="col" class="navbox-title" colspan="2"><div id="Financial_markets" style="font-size:114%;margin:0 4em">Financial markets</div></th></tr><tr><td colspan="2" class="navbox-list navbox-odd" style="width:100%;padding:0"><div style="padding:0 0.25em"></div><table class="nowraplinks navbox-subgroup" style="border-spacing:0"><tbody><tr><th scope="row" class="navbox-group" style="width:1%">Stock <br />exchanges</th><td class="navbox-list-with-group navbox-list navbox-odd" style="width:100%;padding:0"><div style="padding:0 0.25em"></div><table class="nowraplinks navbox-subgroup" style="border-spacing:0"><tbody><tr><th scope="row" class="navbox-group" style="width:1%">Functional</th><td class="navbox-list-with-group navbox-list navbox-odd" style="width:100%;padding:0"><div style="padding:0 0.25em"></div><table class="nowraplinks navbox-subgroup" style="border-spacing:0"><tbody><tr><th scope="row" class="navbox-group" style="width:1%"><a href="/wiki/Bombay_Stock_Exchange" title="Bombay Stock Exchange">BSE</a></th><td class="navbox-list-with-group navbox-list navbox-odd" style="width:100%;padding:0"><div style="padding:0 0.25em"> <ul><li><a href="/wiki/Phiroze_Jeejeebhoy_Towers" title="Phiroze Jeejeebhoy Towers">Phiroze Jeejeebhoy Towers</a></li></ul> </div></td></tr><tr><th scope="row" class="navbox-group" style="width:1%"><a href="/wiki/National_Stock_Exchange_of_India" title="National Stock Exchange of India">NSE</a></th><td class="navbox-list-with-group navbox-list navbox-even" style="width:100%;padding:0"><div style="padding:0 0.25em"> <ul><li><a href="/w/index.php?title=NSE_IFSC&action=edit&redlink=1" class="new" title="NSE IFSC (page does not exist)">NSE IFSC</a></li> <li><a href="/wiki/NSE_EMERGE" title="NSE EMERGE">NSE EMERGE</a></li></ul> </div></td></tr><tr><th scope="row" class="navbox-group" style="width:1%">Other</th><td class="navbox-list-with-group navbox-list navbox-odd" style="width:100%;padding:0"><div style="padding:0 0.25em"> <ul><li><a href="/wiki/Calcutta_Stock_Exchange" title="Calcutta Stock Exchange">Calcutta Stock Exchange</a></li> <li><a href="/wiki/India_International_Exchange" title="India International Exchange">India International Exchange</a></li> <li><a href="/wiki/United_Stock_Exchange_of_India" title="United Stock Exchange of India">United Stock Exchange of India</a></li></ul> </div></td></tr></tbody></table><div></div></td></tr><tr><th scope="row" class="navbox-group" style="width:1%">De-recognized</th><td class="navbox-list-with-group navbox-list navbox-even" style="width:100%;padding:0"><div style="padding:0 0.25em"> <ul><li><a href="/wiki/Bangalore_Stock_Exchange" title="Bangalore Stock Exchange">Bangalore</a></li> <li><a href="/wiki/Cochin_Stock_Exchange" title="Cochin Stock Exchange">Cochin</a></li> <li><a href="/wiki/Coimbatore_Stock_Exchange" title="Coimbatore Stock Exchange">Coimbatore</a></li> <li><a href="/wiki/Inter-connected_Stock_Exchange_of_India" title="Inter-connected Stock Exchange of India">Inter-connected Stock Exchange of India</a></li> <li><a href="/wiki/Madhya_Pradesh_Stock_Exchange" title="Madhya Pradesh Stock Exchange">Madhya Pradesh</a></li> <li><a href="/wiki/Madras_Stock_Exchange" title="Madras Stock Exchange">Madras</a></li> <li><a href="/wiki/Magadh_Stock_Exchange" title="Magadh Stock Exchange">Magadh</a></li> <li><a href="/wiki/Mangalore_Stock_Exchange" title="Mangalore Stock Exchange">Mangalore</a></li> <li>Saurashtra Kutch</li> <li><a href="/wiki/Ahmedabad_Stock_Exchange" title="Ahmedabad Stock Exchange">Ahmedabad Stock</a></li> <li><a href="/wiki/Bhubaneswar_Stock_Exchange" title="Bhubaneswar Stock Exchange">Bhubaneswar</a></li> <li><a href="/wiki/Delhi_Stock_Exchange" title="Delhi Stock Exchange">Delhi</a></li> <li><a href="/wiki/Gauhati_Stock_Exchange" title="Gauhati Stock Exchange">Gauhati</a></li> <li><a href="/wiki/Jaipur_Stock_Exchange" title="Jaipur Stock Exchange">Jaipur</a></li> <li><a href="/wiki/Ludhiana_Stock_Exchange" title="Ludhiana Stock Exchange">Ludhiana</a></li> <li><a href="/wiki/OTC_Exchange_of_India" title="OTC Exchange of India">OTC Exchange of India</a></li> <li><a href="/wiki/Pune_Stock_Exchange" title="Pune Stock Exchange">Pune</a></li> <li><a href="/wiki/UP_Stock_Exchange" title="UP Stock Exchange">UP</a></li> <li><a href="/wiki/Vadodara_Stock_Exchange" title="Vadodara Stock Exchange">Vadodara</a></li> <li><a href="/w/index.php?title=Meerut_Stock_Exchange&action=edit&redlink=1" class="new" title="Meerut Stock Exchange (page does not exist)">Meerut</a></li> <li><a href="/w/index.php?title=Capital_Stock_Exchange_of_Kerala&action=edit&redlink=1" class="new" title="Capital Stock Exchange of Kerala (page does not exist)">Capital Stock Exchange of Kerala</a></li></ul> </div></td></tr></tbody></table><div></div></td></tr><tr><th scope="row" class="navbox-group" style="width:1%">Commodity <br />exchanges</th><td class="navbox-list-with-group navbox-list navbox-odd" style="width:100%;padding:0"><div style="padding:0 0.25em"> <ul><li><a href="/wiki/India_International_Bullion_Exchange" title="India International Bullion Exchange">India International Bullion Exchange</a></li> <li><a href="/wiki/Bharat_Diamond_Bourse" title="Bharat Diamond Bourse">Bharat Diamond Bourse</a></li> <li><a href="/wiki/Indian_Energy_Exchange" title="Indian Energy Exchange">Indian Energy Exchange</a></li> <li><a href="/wiki/International_Pepper_Exchange" title="International Pepper Exchange">International Pepper Exchange</a></li> <li><a href="/wiki/Multi_Commodity_Exchange" title="Multi Commodity Exchange">Multi Commodity Exchange</a></li> <li><a href="/wiki/National_Commodity_and_Derivatives_Exchange" title="National Commodity and Derivatives Exchange">National Commodity and Derivatives Exchange</a></li> <li><a href="/wiki/National_Spot_Exchange" title="National Spot Exchange">National Spot Exchange</a></li> <li><a href="/wiki/Surat_Diamond_Bourse" title="Surat Diamond Bourse">Surat Diamond Bourse</a></li> <li><a href="/wiki/Universal_Commodity_Exchange" title="Universal Commodity Exchange">Universal Commodity Exchange</a></li></ul> </div></td></tr><tr><th scope="row" class="navbox-group" style="width:1%">Brokerages</th><td class="navbox-list-with-group navbox-list navbox-odd" style="width:100%;padding:0"><div style="padding:0 0.25em"></div><table class="nowraplinks navbox-subgroup" style="border-spacing:0"><tbody><tr><th scope="row" class="navbox-group" style="width:1%">Online</th><td class="navbox-list-with-group navbox-list navbox-even" style="width:100%;padding:0"><div style="padding:0 0.25em"> <ul><li><a href="/wiki/Angel_Broking" class="mw-redirect" title="Angel Broking">Angel</a></li> <li><a href="/wiki/Axis_Direct" title="Axis Direct">Axis</a></li> <li><a href="/wiki/Dhani_(company)" title="Dhani (company)">Dhani</a></li> <li><a href="/wiki/Edelweiss_Broking_Limited" title="Edelweiss Broking Limited">Edelweiss</a></li> <li><a href="/wiki/FundsIndia" title="FundsIndia">FundsIndia</a></li> <li><a href="/wiki/Geojit_Financial_Services" title="Geojit Financial Services">Geogit</a></li> <li><a href="/wiki/HDFC_securities" title="HDFC securities">HDFC</a></li> <li><a href="/wiki/India_Infoline" title="India Infoline">India Infoline</a></li> <li><a href="/wiki/Kuvera.in" title="Kuvera.in">Kuvera.in</a></li> <li><a href="/wiki/Motilal_Oswal_Financial_Services" title="Motilal Oswal Financial Services">Motilal Oswal</a></li> <li><a href="/wiki/Scripbox" title="Scripbox">Scripbox</a></li> <li><a href="/wiki/Reliance_Securities" title="Reliance Securities">Reliance</a></li> <li><a href="/wiki/Sharekhan" title="Sharekhan">Sharekhan</a></li></ul> </div></td></tr><tr><th scope="row" class="navbox-group" style="width:1%">Other</th><td class="navbox-list-with-group navbox-list navbox-odd" style="width:100%;padding:0"><div style="padding:0 0.25em"> <ul><li><a href="/wiki/Darashaw" title="Darashaw">Darashaw</a></li></ul> </div></td></tr></tbody></table><div></div></td></tr><tr><th scope="row" class="navbox-group" style="width:1%"><a href="/wiki/Depository_participant" title="Depository participant">Depositories</a></th><td class="navbox-list-with-group navbox-list navbox-even" style="width:100%;padding:0"><div style="padding:0 0.25em"> <ul><li><a href="/wiki/National_Securities_Depository_Limited" title="National Securities Depository Limited">NSDL</a></li> <li><a href="/wiki/Central_Depository_Services" class="mw-redirect" title="Central Depository Services">CDSL</a></li> <li><a href="/wiki/StockHolding_Corporation_of_India" title="StockHolding Corporation of India">StockHolding Corporation of India</a></li> <li><a href="/wiki/Karvy_Corporate" title="Karvy Corporate">Karvy Corporate</a></li></ul> </div></td></tr><tr><th scope="row" class="navbox-group" style="width:1%"><a href="/wiki/Credit_rating_agency" title="Credit rating agency">Rating <br />agencies</a></th><td class="navbox-list-with-group navbox-list navbox-odd" style="width:100%;padding:0"><div style="padding:0 0.25em"></div><table class="nowraplinks navbox-subgroup" style="border-spacing:0"><tbody><tr><th scope="row" class="navbox-group" style="width:1%">For companies</th><td class="navbox-list-with-group navbox-list navbox-odd" style="width:100%;padding:0"><div style="padding:0 0.25em"> <ul><li><a href="/wiki/SME_Rating_Agency_of_India" title="SME Rating Agency of India">Acuite/SMERA</a></li> <li><a href="/wiki/Brickworks" title="Brickworks">Brickworks</a></li> <li><a href="/w/index.php?title=CARE_Ratings&action=edit&redlink=1" class="new" title="CARE Ratings (page does not exist)">CARE Ratings</a></li> <li><a href="/wiki/CRISIL" title="CRISIL">CRISIL (S&P)</a></li> <li><a href="/wiki/Hunter_Fraud_Score" title="Hunter Fraud Score">Hunter (Experian)</a></li> <li><a href="/wiki/ICRA_Limited" title="ICRA Limited">ICRA (Moody's)</a></li> <li><a href="/w/index.php?title=India_Ratings_%26_Research&action=edit&redlink=1" class="new" title="India Ratings & Research (page does not exist)">India Ratings & Research (Fitch)</a></li> <li><a href="/w/index.php?title=Infomerics_Valuation&action=edit&redlink=1" class="new" title="Infomerics Valuation (page does not exist)">Infomerics Valuation</a></li> <li><a href="/w/index.php?title=ONICRA&action=edit&redlink=1" class="new" title="ONICRA (page does not exist)">ONICRA</a></li></ul> </div></td></tr><tr><th scope="row" class="navbox-group" style="width:1%"><a href="/wiki/Credit_Environment_India" title="Credit Environment India">For individuals</a></th><td class="navbox-list-with-group navbox-list navbox-even" style="width:100%;padding:0"><div style="padding:0 0.25em"> <ul><li><a href="/wiki/Equifax" title="Equifax">Equifax</a></li> <li><a href="/wiki/Experian" title="Experian">Experian</a></li> <li><a href="/wiki/Highmark" title="Highmark">Highmark</a></li> <li><a href="/wiki/TransUnion_CIBIL" title="TransUnion CIBIL">TransUnion CIBIL</a></li></ul> </div></td></tr></tbody></table><div></div></td></tr><tr><th scope="row" class="navbox-group" style="width:1%">Financial<br /> crime</th><td class="navbox-list-with-group navbox-list navbox-odd" style="width:100%;padding:0"><div style="padding:0 0.25em"></div><table class="nowraplinks navbox-subgroup" style="border-spacing:0"><tbody><tr><th scope="row" class="navbox-group" style="width:1%">Events</th><td class="navbox-list-with-group navbox-list navbox-odd" style="width:100%;padding:0"><div style="padding:0 0.25em"> <ul><li><a href="/wiki/1992_Indian_stock_market_scam" title="1992 Indian stock market scam">1992 Indian stock market scam</a></li></ul> </div></td></tr><tr><th scope="row" class="navbox-group" style="width:1%">People</th><td class="navbox-list-with-group navbox-list navbox-even" style="width:100%;padding:0"><div style="padding:0 0.25em"> <ul><li><a href="/wiki/Harshad_Mehta" title="Harshad Mehta">Harshad Mehta</a></li> <li><a href="/wiki/Abdul_Karim_Telgi" title="Abdul Karim Telgi">Abdul Karim Telgi</a></li> <li><a href="/wiki/Ramalinga_Raju" title="Ramalinga Raju">Ramalinga Raju</a></li> <li><a href="/wiki/Hasan_Ali_Khan" title="Hasan Ali Khan">Hasan Ali Khan</a></li> <li><a href="/wiki/Ketan_Parekh" title="Ketan Parekh">Ketan Parekh</a></li></ul> </div></td></tr></tbody></table><div></div></td></tr><tr><th scope="row" class="navbox-group" style="width:1%">Other</th><td class="navbox-list-with-group navbox-list navbox-odd" style="width:100%;padding:0"><div style="padding:0 0.25em"> <ul><li><a href="/wiki/Computer_Age_Management_Services" title="Computer Age Management Services">CAMS</a></li> <li><a href="/wiki/Central_Registry_of_Securitisation_Asset_Reconstruction_and_Security_Interest" title="Central Registry of Securitisation Asset Reconstruction and Security Interest">CERSAI</a></li></ul> </div></td></tr></tbody></table><div></div></td></tr></tbody></table><div></div></td></tr><tr><td colspan="2" class="navbox-list navbox-odd" style="width:100%;padding:0"><div style="padding:0 0.25em"></div><table class="nowraplinks mw-collapsible mw-collapsed navbox-subgroup" style="border-spacing:0"><tbody><tr><th scope="col" class="navbox-title" colspan="2"><div id="Alternative_financial_services" style="font-size:114%;margin:0 4em">Alternative financial services</div></th></tr><tr><td colspan="2" class="navbox-list navbox-odd" style="width:100%;padding:0"><div style="padding:0 0.25em"></div><table class="nowraplinks navbox-subgroup" style="border-spacing:0"><tbody><tr><th scope="row" class="navbox-group" style="width:1%">Digital lending</th><td class="navbox-list-with-group navbox-list navbox-odd" style="width:100%;padding:0"><div style="padding:0 0.25em"> <ul><li><a href="/wiki/Fullerton_India_Credit_Company_Limited" class="mw-redirect" title="Fullerton India Credit Company Limited">Fullerton India</a></li> <li><a href="/wiki/Hero_FinCorp" title="Hero FinCorp">Hero FinCorp</a></li></ul> </div></td></tr><tr><th scope="row" class="navbox-group" style="width:1%">Housing finance</th><td class="navbox-list-with-group navbox-list navbox-even" style="width:100%;padding:0"><div style="padding:0 0.25em"> <ul><li><a href="/wiki/Aavas_Financiers" title="Aavas Financiers">Aavas Financiers</a></li> <li><a href="/wiki/Dewan_Housing_Finance_Corporation" title="Dewan Housing Finance Corporation">DHFL</a></li> <li><a href="/wiki/Home_First_Finance" title="Home First Finance">Home First Finance</a></li> <li><a href="/wiki/Housing_and_Urban_Development_Corporation" title="Housing and Urban Development Corporation">HUDCO</a></li> <li><a href="/wiki/Housing_Development_Finance_Corporation" title="Housing Development Finance Corporation">HDFC</a></li> <li><a href="/wiki/LIC_Housing_Finance" title="LIC Housing Finance">LIC Housing Finance</a></li> <li><a href="/wiki/National_Housing_Bank" title="National Housing Bank">National Housing Bank</a></li> <li><a href="/wiki/Odisha_Rural_Housing_%26_Development_Corporation" title="Odisha Rural Housing & Development Corporation">Odisha Rural Housing & Development Corporation</a></li> <li><a href="/wiki/PNB_Housing_Finance_Limited" title="PNB Housing Finance Limited">PNB Housing Finance</a></li></ul> </div></td></tr><tr><th scope="row" class="navbox-group" style="width:1%"><a href="/wiki/Chit_fund" title="Chit fund">Chit funds</a></th><td class="navbox-list-with-group navbox-list navbox-odd" style="width:100%;padding:0"><div style="padding:0 0.25em"> <ul><li><a href="/wiki/Saradha_Group_financial_scandal" title="Saradha Group financial scandal">Saradha Group financial scandal</a></li> <li><a href="/wiki/Rose_Valley_financial_scandal" title="Rose Valley financial scandal">Rose Valley financial scandal</a></li></ul> </div></td></tr><tr><th scope="row" class="navbox-group" style="width:1%"><a href="/wiki/Microfinance" title="Microfinance">Microfinance</a></th><td class="navbox-list-with-group navbox-list navbox-even" style="width:100%;padding:0"><div style="padding:0 0.25em"> <ul><li><a href="/wiki/Bandhan_Bank" title="Bandhan Bank">Bandhan Bank</a></li> <li><a href="/wiki/BASIX_(India)" title="BASIX (India)">BASIX (India)</a></li> <li><a href="/wiki/Bharat_Financial_Inclusion" title="Bharat Financial Inclusion">Bharat Financial Inclusion</a></li> <li><a href="/wiki/ESAF_Small_Finance_Bank" title="ESAF Small Finance Bank">ESAF Small Finance Bank</a></li> <li><a href="/wiki/Grama_Vidiyal" title="Grama Vidiyal">Grama Vidiyal</a></li> <li><a href="/wiki/National_Bank_for_Agriculture_and_Rural_Development" title="National Bank for Agriculture and Rural Development">National Bank for Agriculture and Rural Development</a></li> <li><a href="/wiki/Satin_Creditcare_Network_Limited" title="Satin Creditcare Network Limited">Satin Creditcare Network Limited</a></li></ul> </div></td></tr><tr><th scope="row" class="navbox-group" style="width:1%">Other</th><td class="navbox-list-with-group navbox-list navbox-odd" style="width:100%;padding:0"><div style="padding:0 0.25em"> <ul><li><a href="/wiki/Peer-to-peer_lending" title="Peer-to-peer lending">Peer-to-peer lending</a></li> <li><a href="/wiki/Kitty_party" title="Kitty party">Kitty party</a></li></ul> </div></td></tr></tbody></table><div></div></td></tr></tbody></table><div></div></td></tr><tr><td colspan="2" class="navbox-list navbox-odd" style="width:100%;padding:0"><div style="padding:0 0.25em"></div><table class="nowraplinks mw-collapsible mw-collapsed navbox-subgroup" style="border-spacing:0"><tbody><tr><th scope="col" class="navbox-title" colspan="2"><div id="Angel_investment,_venture_capital_&amp;_private_equity" style="font-size:114%;margin:0 4em">Angel investment, venture capital & private equity</div></th></tr><tr><td colspan="2" class="navbox-list navbox-odd" style="width:100%;padding:0"><div style="padding:0 0.25em"></div><table class="nowraplinks navbox-subgroup" style="border-spacing:0"><tbody><tr><th scope="row" class="navbox-group" style="width:1%">Angel investments</th><td class="navbox-list-with-group navbox-list navbox-odd" style="width:100%;padding:0"><div style="padding:0 0.25em"> <ul><li><a href="/wiki/Indian_Angel_Network" title="Indian Angel Network">Indian Angel Network</a></li></ul> </div></td></tr><tr><th scope="row" class="navbox-group" style="width:1%">Venture capital</th><td class="navbox-list-with-group navbox-list navbox-even" style="width:100%;padding:0"><div style="padding:0 0.25em"> <ul><li><a href="/wiki/Chiratae_Ventures" title="Chiratae Ventures">Chiratae Ventures</a></li> <li><a href="/wiki/Embassy_Group" title="Embassy Group">Embassy Group</a></li> <li><a href="/wiki/Indian_Angel_Network" title="Indian Angel Network">Indian Angel Network</a></li> <li><a href="/wiki/Unitus_Seed_Fund" title="Unitus Seed Fund">Unitus Seed Fund</a></li></ul> </div></td></tr><tr><th scope="row" class="navbox-group" style="width:1%">Private equity</th><td class="navbox-list-with-group navbox-list navbox-odd" style="width:100%;padding:0"><div style="padding:0 0.25em"> <ul><li><a href="/w/index.php?title=Kotak_Private_Equity&action=edit&redlink=1" class="new" title="Kotak Private Equity (page does not exist)">Kotak Private Equity</a></li> <li><a href="/w/index.php?title=Chrys_Capital&action=edit&redlink=1" class="new" title="Chrys Capital (page does not exist)">Chrys Capital</a></li> <li><a href="/w/index.php?title=India_Value_Fund_-_True_North&action=edit&redlink=1" class="new" title="India Value Fund - True North (page does not exist)">India Value Fund - True North</a></li> <li><a href="/w/index.php?title=Motilal_Oswal_Private_Equity&action=edit&redlink=1" class="new" title="Motilal Oswal Private Equity (page does not exist)">Motilal Oswal Private Equity</a></li> <li><a href="/w/index.php?title=IDFC_Private_Equity_Fund&action=edit&redlink=1" class="new" title="IDFC Private Equity Fund (page does not exist)">IDFC Private Equity Fund</a></li> <li><a href="/w/index.php?title=ICICI_Venture_Fund&action=edit&redlink=1" class="new" title="ICICI Venture Fund (page does not exist)">ICICI Venture Fund</a></li> <li><a href="/w/index.php?title=CX_Partners&action=edit&redlink=1" class="new" title="CX Partners (page does not exist)">CX Partners</a></li> <li><a href="/w/index.php?title=Premji_Invest&action=edit&redlink=1" class="new" title="Premji Invest (page does not exist)">Premji Invest</a></li> <li><a href="/w/index.php?title=Kedaara_Capital&action=edit&redlink=1" class="new" title="Kedaara Capital (page does not exist)">Kedaara Capital</a></li> <li><a href="/w/index.php?title=JM_Financial_Private_Equity&action=edit&redlink=1" class="new" title="JM Financial Private Equity (page does not exist)">JM Financial Private Equity</a></li></ul> </div></td></tr></tbody></table><div></div></td></tr></tbody></table><div></div></td></tr><tr><td colspan="2" class="navbox-list navbox-odd" style="width:100%;padding:0"><div style="padding:0 0.25em"></div><table class="nowraplinks mw-collapsible mw-collapsed navbox-subgroup" style="border-spacing:0"><tbody><tr><th scope="col" class="navbox-title" colspan="2"><div id="Legislation_&amp;_regulation" style="font-size:114%;margin:0 4em">Legislation & regulation</div></th></tr><tr><td colspan="2" class="navbox-list navbox-odd" style="width:100%;padding:0"><div style="padding:0 0.25em"></div><table class="nowraplinks navbox-subgroup" style="border-spacing:0"><tbody><tr><th scope="row" class="navbox-group" style="width:1%">Banking</th><td class="navbox-list-with-group navbox-list navbox-odd" style="width:100%;padding:0"><div style="padding:0 0.25em"></div><table class="nowraplinks navbox-subgroup" style="border-spacing:0"><tbody><tr><th scope="row" class="navbox-group" style="width:1%">Authorities<br />& boards</th><td class="navbox-list-with-group navbox-list navbox-odd" style="width:100%;padding:0"><div style="padding:0 0.25em"></div><table class="nowraplinks navbox-subgroup" style="border-spacing:0"><tbody><tr><th scope="row" class="navbox-group" style="width:1%">Central bank</th><td class="navbox-list-with-group navbox-list navbox-odd" style="width:100%;padding:0"><div style="padding:0 0.25em"> <ul><li><a class="mw-selflink selflink">Reserve Bank of India</a></li></ul> </div></td></tr><tr><th scope="row" class="navbox-group" style="width:1%">Other</th><td class="navbox-list-with-group navbox-list navbox-even" style="width:100%;padding:0"><div style="padding:0 0.25em"> <ul><li><a href="/wiki/International_Financial_Services_Centres_Authority" title="International Financial Services Centres Authority">IFSCA</a></li> <li><a href="/wiki/Banks_Board_Bureau" title="Banks Board Bureau">BBB</a></li> <li><a href="/wiki/Banking_Codes_and_Standards_Board_of_India" title="Banking Codes and Standards Board of India">BCSBI</a></li> <li><a href="/wiki/National_Payments_Corporation_of_India" title="National Payments Corporation of India">NPCI</a></li> <li><a href="/wiki/Indian_Banks%27_Association" title="Indian Banks' Association">IBA</a></li> <li><a href="/wiki/Institute_for_Development_and_Research_in_Banking_Technology" title="Institute for Development and Research in Banking Technology">IDRBT</a></li></ul> </div></td></tr></tbody></table><div></div></td></tr><tr><th scope="row" class="navbox-group" style="width:1%">Legislation</th><td class="navbox-list-with-group navbox-list navbox-odd" style="width:100%;padding:0"><div style="padding:0 0.25em"></div><table class="nowraplinks navbox-subgroup" style="border-spacing:0"><tbody><tr><th scope="row" class="navbox-group" style="width:1%">In force</th><td class="navbox-list-with-group navbox-list navbox-odd" style="width:100%;padding:0"><div style="padding:0 0.25em"> <ul><li><a href="/wiki/Reserve_Bank_of_India_Act,_1934" title="Reserve Bank of India Act, 1934">Reserve Bank of India Act, 1934</a></li> <li><a href="/wiki/Government_Securities_Act,_2006" title="Government Securities Act, 2006">Government Securities Act, 2006</a></li> <li><a href="/w/index.php?title=The_State_Bank_of_India_Act,_1955&action=edit&redlink=1" class="new" title="The State Bank of India Act, 1955 (page does not exist)">The State Bank of India Act, 1955</a></li> <li><a href="/w/index.php?title=The_Banking_Companies_(Acquisition_And_Transfer_Of_Undertakings)_Act,_1970&action=edit&redlink=1" class="new" title="The Banking Companies (Acquisition And Transfer Of Undertakings) Act, 1970 (page does not exist)">The Banking Companies (Acquisition And Transfer Of Undertakings) Act, 1970</a></li> <li><a href="/wiki/Banking_Regulation_Act,_1949" title="Banking Regulation Act, 1949">Banking Regulation Act, 1949</a></li> <li><a href="/wiki/International_Financial_Services_Centres_Authority_Act,_2019" class="mw-redirect" title="International Financial Services Centres Authority Act, 2019">International Financial Services Centres Authority Act, 2019</a></li></ul> </div></td></tr><tr><th scope="row" class="navbox-group" style="width:1%">Repealed</th><td class="navbox-list-with-group navbox-list navbox-even" style="width:100%;padding:0"><div style="padding:0 0.25em"> <ul><li><a href="/wiki/Public_Debt_Act,_1944" class="mw-redirect" title="Public Debt Act, 1944">Public Debt Act, 1944</a></li></ul> </div></td></tr></tbody></table><div></div></td></tr></tbody></table><div></div></td></tr><tr><th scope="row" class="navbox-group" style="width:1%">Asset <br />management</th><td class="navbox-list-with-group navbox-list navbox-odd" style="width:100%;padding:0"><div style="padding:0 0.25em"></div><table class="nowraplinks navbox-subgroup" style="border-spacing:0"><tbody><tr><th scope="row" class="navbox-group" style="width:1%">Legislation</th><td class="navbox-list-with-group navbox-list navbox-odd" style="width:100%;padding:0"><div style="padding:0 0.25em"> <ul><li>The Unit Trust of India Act, 1963</li> <li>Indian Registration Act, 1908</li></ul> </div></td></tr><tr><th scope="row" class="navbox-group" style="width:1%">Other regulations</th><td class="navbox-list-with-group navbox-list navbox-even" style="width:100%;padding:0"><div style="padding:0 0.25em"> <ul><li>SEBI (Mutual Funds) Regulations, 1993</li></ul> </div></td></tr></tbody></table><div></div></td></tr><tr><th scope="row" class="navbox-group" style="width:1%">Insurance</th><td class="navbox-list-with-group navbox-list navbox-odd" style="width:100%;padding:0"><div style="padding:0 0.25em"></div><table class="nowraplinks navbox-subgroup" style="border-spacing:0"><tbody><tr><th scope="row" class="navbox-group" style="width:1%">Authorities & boards</th><td class="navbox-list-with-group navbox-list navbox-odd" style="width:100%;padding:0"><div style="padding:0 0.25em"> <ul><li><a href="/wiki/Insurance_Regulatory_and_Development_Authority" title="Insurance Regulatory and Development Authority">IRDAI</a></li> <li>Insurance Association of India <ul><li>Life Insurance Council</li> <li>General Insurance Council</li></ul></li></ul> </div></td></tr><tr><th scope="row" class="navbox-group" style="width:1%">Legislation</th><td class="navbox-list-with-group navbox-list navbox-odd" style="width:100%;padding:0"><div style="padding:0 0.25em"></div><table class="nowraplinks navbox-subgroup" style="border-spacing:0"><tbody><tr><th scope="row" class="navbox-group" style="width:1%">In force</th><td class="navbox-list-with-group navbox-list navbox-even" style="width:100%;padding:0"><div style="padding:0 0.25em"> <ul><li><a href="/wiki/Insurance_Act,_1938" title="Insurance Act, 1938">Insurance Act, 1938</a></li> <li><a href="/wiki/Life_Insurance_Corporation#Nationalization_in_1956" title="Life Insurance Corporation">Industrial Policy Resolution of 1956</a></li> <li><a href="/w/index.php?title=Life_Insurance_Corporation_Act,_1956&action=edit&redlink=1" class="new" title="Life Insurance Corporation Act, 1956 (page does not exist)">Life Insurance Corporation Act, 1956</a></li> <li>Insurance Regulatory and Development Authority Act, 1999</li> <li>The General Insurance Business (Nationalisation) Act, 1972</li></ul> </div></td></tr><tr><th scope="row" class="navbox-group" style="width:1%">Repealed</th><td class="navbox-list-with-group navbox-list navbox-odd" style="width:100%;padding:0"><div style="padding:0 0.25em">The British Insurance Act, 1870</div></td></tr></tbody></table><div></div></td></tr></tbody></table><div></div></td></tr><tr><th scope="row" class="navbox-group" style="width:1%">Financial<br /> markets</th><td class="navbox-list-with-group navbox-list navbox-odd" style="width:100%;padding:0"><div style="padding:0 0.25em"></div><table class="nowraplinks navbox-subgroup" style="border-spacing:0"><tbody><tr><th scope="row" class="navbox-group" style="width:1%">Authorities & boards</th><td class="navbox-list-with-group navbox-list navbox-even" style="width:100%;padding:0"><div style="padding:0 0.25em"> <ul><li><a href="/wiki/Securities_and_Exchange_Board_of_India" title="Securities and Exchange Board of India">SEBI</a></li> <li><a href="/wiki/Securities_commission" title="Securities commission">Securities commission</a></li> <li><a href="/wiki/Forward_Markets_Commission" title="Forward Markets Commission">Forward Markets Commission</a></li></ul> </div></td></tr><tr><th scope="row" class="navbox-group" style="width:1%">Legislation</th><td class="navbox-list-with-group navbox-list navbox-odd" style="width:100%;padding:0"><div style="padding:0 0.25em"></div><table class="nowraplinks navbox-subgroup" style="border-spacing:0"><tbody><tr><th scope="row" class="navbox-group" style="width:1%">In force</th><td class="navbox-list-with-group navbox-list navbox-odd" style="width:100%;padding:0"><div style="padding:0 0.25em"> <ul><li>SEBI, Act 1992</li> <li>Forward Contracts (Regulation) Act, 1952</li> <li>The Securities Contracts (Regulation) Act, 1956</li></ul> </div></td></tr></tbody></table><div></div></td></tr></tbody></table><div></div></td></tr><tr><th scope="row" class="navbox-group" style="width:1%">Alternative<br />financial <br />services</th><td class="navbox-list-with-group navbox-list navbox-odd" style="width:100%;padding:0"><div style="padding:0 0.25em"></div><table class="nowraplinks navbox-subgroup" style="border-spacing:0"><tbody><tr><th scope="row" class="navbox-group" style="width:1%">Authorities & boards</th><td class="navbox-list-with-group navbox-list navbox-even" style="width:100%;padding:0"><div style="padding:0 0.25em"> <ul><li><a href="/wiki/National_Housing_Bank" title="National Housing Bank">NHB</a></li></ul> </div></td></tr><tr><th scope="row" class="navbox-group" style="width:1%">Legislation</th><td class="navbox-list-with-group navbox-list navbox-odd" style="width:100%;padding:0"><div style="padding:0 0.25em"></div><table class="nowraplinks navbox-subgroup" style="border-spacing:0"><tbody><tr><th scope="row" class="navbox-group" style="width:1%">Microfinance</th><td class="navbox-list-with-group navbox-list navbox-odd" style="width:100%;padding:0"><div style="padding:0 0.25em"> <ul><li>Tamil Nadu Money-Lenders Act, 1957</li> <li>The Bombay Money-Lenders Act, 1946</li> <li>The Karnataka Money-Lenders Act, 1961</li> <li>The Kerala Money-Lenders Act, 1958</li> <li>Bengal Money-Lenders Act, 1940</li> <li>The Rajasthan Money-Lenders Act, 1963</li></ul> </div></td></tr><tr><th scope="row" class="navbox-group" style="width:1%">Other</th><td class="navbox-list-with-group navbox-list navbox-even" style="width:100%;padding:0"><div style="padding:0 0.25em"> <ul><li>Multi-State Cooperative Legislation Act, 2002</li> <li>Mutually Aided Cooperative Acts</li> <li>The National Housing Bank Act, 1987</li> <li>The Chit Funds Act, 1982</li></ul> </div></td></tr></tbody></table><div></div></td></tr></tbody></table><div></div></td></tr><tr><th scope="row" class="navbox-group" style="width:1%">Alternative<br />investment <br />funds</th><td class="navbox-list-with-group navbox-list navbox-odd" style="width:100%;padding:0"><div style="padding:0 0.25em"></div><table class="nowraplinks navbox-subgroup" style="border-spacing:0"><tbody><tr><th scope="row" class="navbox-group" style="width:1%">Authorities & boards</th><td class="navbox-list-with-group navbox-list navbox-odd" style="width:100%;padding:0"><div style="padding:0 0.25em"> <ul><li>Indian Association of Alternative Investment Funds (IAAIF)</li></ul> </div></td></tr><tr><th scope="row" class="navbox-group" style="width:1%">Legislation</th><td class="navbox-list-with-group navbox-list navbox-even" style="width:100%;padding:0"><div style="padding:0 0.25em"> <ul><li><a href="/wiki/Indian_Trusts_Act,_1882" title="Indian Trusts Act, 1882">Indian Trusts Act, 1882</a></li></ul> </div></td></tr><tr><th scope="row" class="navbox-group" style="width:1%">Regulations</th><td class="navbox-list-with-group navbox-list navbox-odd" style="width:100%;padding:0"><div style="padding:0 0.25em"> <ul><li>SEBI (Venture Capital Funds) Regulations, 1996</li> <li>SEBI AIF Regulations, 2012</li> <li>SEBI (Investment Advisers) Regulations 2013</li></ul> </div></td></tr></tbody></table><div></div></td></tr></tbody></table><div></div></td></tr></tbody></table><div></div></td></tr></tbody></table></div> <div class="navbox-styles"><link rel="mw-deduplicated-inline-style" href="mw-data:TemplateStyles:r1129693374"><link rel="mw-deduplicated-inline-style" href="mw-data:TemplateStyles:r1236075235"><style 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href="https://isni.org/isni/0000000405027528">ISNI</a></span></li><li><span class="uid"><a rel="nofollow" class="external text" href="https://viaf.org/viaf/140449419">VIAF</a></span></li></ul></div></td></tr><tr><th scope="row" class="navbox-group" style="width:1%">National</th><td class="navbox-list-with-group navbox-list navbox-even" style="width:100%;padding:0"><div style="padding:0 0.25em"><ul><li><span class="uid"><a rel="nofollow" class="external text" href="https://id.loc.gov/authorities/n79109882">United States</a></span></li><li><span class="uid"><a rel="nofollow" class="external text" href="https://catalogue.bnf.fr/ark:/12148/cb12178254g">France</a></span></li><li><span class="uid"><a rel="nofollow" class="external text" href="https://data.bnf.fr/ark:/12148/cb12178254g">BnF data</a></span></li><li><span class="uid"><span class="rt-commentedText tooltip tooltip-dotted" title="Reserve Bank of India"><a rel="nofollow" class="external text" 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