RBI opens its regional office in Vijayawada
1
2
3
Vijayawada: Over a decade after the bifurcation of the state, Reserve Bank of India has opened its regional office in Andhra Pradesh. RBI deputy governor T Rabi Sankar formally inaugurated the office in the city on Monday.
The office will be headed by regional director Attah Omar Basheer. However, the currency operations of AP will continue to be handled by the RBI's regional office in Hyderabad, which handles the operations of both AP and Telangana.
RBI's regional office in AP will function with departments catering to integrated banking, financial inclusion and development, foreign exchange, and supervision. The human resource management dept, centralised establishment section, Rajbhasha cell, audit budget and control cell, information technology cell, and protocol and security establishment too will be functioning from Vijayawada.
RBI will soon construct its own building in Amaravati. The state govt has already spared land in the capital city for the central bank's permanent regional office. The previous YSRCP govt prevailed upon RBI to set up its regional office in Visakhapatnam. However, it has made a retreat after the TDP-led NDA returned to power in the 2024 general elections. In fact, RBI delayed its decision to relocate to AP due to the change of policies with regard to capital city in the last one decade.
With the state govt finally putting Amaravati works on the fast track, RBI decided to open its regional office in the state.
Hashtags
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Hans India
10 minutes ago
- Hans India
Census in J&K, Ladakh, Himachal, U'Khand in 2026, rest in 2027
New Delhi: Sixteen years after the last census in 2011, the government on Monday issued a notification for conducting India's 16th census which will include caste enumeration in 2027. The census will be carried out with a reference date of October 1, 2026 in the snow-bound areas like Ladakh and March 1, 2027 in the rest of the country, the notification said. "The reference date for the said census shall be 00.00 hours of the 1st day of March, 2027, except for the Union territory of Ladakh and snow-bound non-synchronous areas of the Union territory of Jammu and Kashmir and the States of Himachal Pradesh and Uttarakhand," it said. In respect of Ladakh and snow-bound non-synchronous areas of the Union Territory (UT) of Jammu and Kashmir and the states of Himachal Pradesh and Uttarakhand, the reference date shall be 00:00 hours of the first day of October, 2026, it said. The massive exercise, which is expected to cost the government over Rs 13,000 crore to give population-related data from across the country, will be conducted by about 34 lakh enumerators and supervisors and around 1.3 lakh census functionaries armed with digital devices. Union Home Minister Amit Shah reviewed the preparation for the census with Union Home Secretary Govind Mohan, Registrar General and Census Commissioner of India Mritunjay Kumar Narayan, and other senior officials here on Sunday. In the upcoming census, caste enumeration will also be done, the first such exercise since Independence. The last comprehensive caste-based count was done by the Britishers between 1881 and 1931. Caste was excluded from all census operations conducted since Independence. The decision to include caste enumeration in the upcoming census was taken by the Cabinet Committee on Political Affairs chaired by Prime Minister Narendra Modi on April 30. "Considering all these circumstances, and to ensure that our social fabric does not come under political pressure, it has been decided that caste enumeration should be included in the main census instead of being conducted as a separate survey," an official statement had said. In 2010, then prime minister Manmohan Singh had assured the Lok Sabha that the matter of caste census would be considered in the cabinet. A group of ministers was formed to deliberate on this subject and majority of the political parties recommended conducting a caste census. However, the previous Congress-led government opted for a survey instead of a caste census, known as the Socio-Economic and Caste Census (SECC).
Mint
32 minutes ago
- Mint
Stocks to watch: Zee Entertainment, NTPC, Reliance Industries, Biocon among shares in focus today
The Board of Directors of Zee Entertainment Enterprises (ZEE) has given the green light to issue up to 16.95 crore fully convertible warrants to entities belonging to the promoter group on a preferential basis, priced at ₹ 132 per warrant, with the aim of raising ₹ 2,237.44 crore. The state-owned power giant has announced that its board will meet on June 21, 2025, to consider a proposal to raise up to ₹ 18,000 crore through bond issuance, according to a filing with the stock exchanges on Monday. The company stated that its board of directors has given the green light to a share buyback plan valued at up to ₹ 175 crore. A Mumbai-based non-banking financial company announced today, June 16, the appointment of B. P. Kanungo, former deputy governor of the Reserve Bank of India, as an independent director on its board. Mukesh Ambani's Reliance Industries (RIL) offloaded 85 lakh shares of Asian Paints, India's largest paint manufacturer, through a block deal valued at ₹ 1,876 crore. Biocon has initiated its qualified institutional placement (QIP) to raise ₹ 4,500 crore, setting the floor price at ₹ 340.20 per share in accordance with Sebi's pricing guidelines. Macrotech Developers has officially changed its name to Lodha Developers, effective June 16, following approval from the Ministry of Corporate Affairs (MCA). Hyundai Motor India commenced production of passenger vehicle engines at its Talegaon plant in Maharashtra on June 16. The private sector bank stated that it has received the Reserve Bank of India's (RBI) approval to reappoint Sandeep Batra as its executive director. The company stated that its board of directors has given the green light to a proposal for renaming the company as Jindal Steel Limited, pending required approvals from shareholders and regulatory authorities. Disclaimer: This story is for educational purposes only. The views and recommendations above are those of individual analysts or broking companies, not Mint. We advise investors to check with certified experts before making any investment decisions.
Hindustan Times
an hour ago
- Hindustan Times
BJP kicks off exhibition to showcase 11 years at Centre, 100 days in Delhi
The Delhi unit of the Bharatiya Janata Party (BJP) on Monday launched an exhibition at its state office to mark 11 years of the party at the Centre and 100 days of governance in Delhi. The event was inaugurated by Union minister Hardeep Singh Puri, Delhi chief minister Rekha Gupta, and Delhi BJP president Virendra Sachdeva. Speaking at the event, Puri credited Sachdeva with establishing a BJP-led government in Delhi after 27 years, and praised Gupta's tenure, saying she had already achieved significant milestones in her short time as chief minister. The exhibition highlights achievements of both the central and Delhi governments, including free NEET, JEE and CUET coaching for over 150,000 students, an increase in minimum wages, and a campaign to maintain national symbols, statues and flags. It also features ongoing schemes such as the Vaya Vandana Yojana, Atal Mission for Rejuvenation and Urban Transformation (AMRUT) 2.0, and the PM Surya Ghar subsidy programme. Targets for the coming years are also displayed — including installing solar panels on 230,000 homes, setting up 3,000 water coolers, and creating 125 digital libraries in government schools. Gupta described the current regime as a 'double engine government', combining efforts of the Centre and Delhi. 'In 100 days, visible work has taken place across sectors — pollution, water, electricity and roads. We've allocated ₹1.25 lakh crore for road development,' she said. Sachdeva said the exhibition reflected how a government could build public trust and confidence in development within just 100 days. 'We will take it to every district and division in Delhi,' he said.
