By Admin 
Reserve Bank of India: Reserve Bank of India (RBI) is the largest banking institution of the country, which is also known as the Bank of Banks. In the country, whenever it comes to printing new notes, formulating monetary policy, monitoring banks and taking major decisions related to banks, the role of RBI is most important. Actually, the command of all these works is in the hands of the Governor of RBI. In such a situation, the question often arises in the minds of people that why is the RBI head called Governor and not Chairman or something else? Let us know about it in detail…
Why is RBI head called Governor?
RBI is not just an institution or system, rather it is the regulator of the entire banking system of the country. RBI makes rules for all the banks of the country and takes decisions related to interest rates. Along with this, it works to maintain the stability of the rupee. This is the reason why its highest officer is called ‘Governor’.
Whereas the word ‘Chairman’ is generally used for the head of a company or board. Whereas the scope of the RBI Governor is much larger than this. This is the reason why his post is named Governor.
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What is the salary of RBI Governor?
The Governor of Reserve Bank of India (RBI) gets a basic salary of around Rs 2.50 lakh every month. Apart from this, after adding dearness allowance and other allowances, his total monthly salary can reach around Rs 2.80 lakh.
The Governor gets these special facilities
- government accommodation to live
- official vehicle
- Driver
- medical facilities
- dearness allowance
- grade allowance
- essential government facilities
Who is the current RBI Governor?
Presently Sanjay Malhotra is the 26th Governor of the Reserve Bank of India. He is a 1990 batch Indian Administrative Service (IAS) officer of Rajasthan cadre. Before becoming the RBI Governor, Sanjay Malhotra had served as Revenue Secretary in the Central Government. In his administrative career, he has handled many types of responsibilities in the Government of India and Government of Rajasthan. Currently, as RBI Governor, he is taking decisions related to the country’s banking system and economic policies.
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