Guest lecture on the Monetary Policy & Reserve Bank of India held at XISS

The Programme of Marketing at Xavier Institute of Social Service, Ranchi, organised a guest lecture on the Monetary Policy and Reserve Bank of India.

The event was marked by the presence of Dr. Amar E. Tigga, Acting Director, XISS; Dr. Pinaki Ghosh, Head of Programme, Marketing, XISS, Dr. B. P. Mahapatra, Assistant Professor, Marketing and students from first-year Programme of Marketing & Finance and students of second-year of Programme of Human Resource Management respectively. The welcome speech was presented by Shilpi Sha, a student from first-year Programme of Marketing.

The keynote speaker of this session was Mr. Rajesh Ranjan Tiwary who is currently serving as the Assistant General Manager at Reserve Bank of India and has been associated with it for the past 13 years. In the past, he has worked with North Eastern Railways, National School of Banking, Kotak Mahindra Bank and Union Bank of India. At the beginning of the talk, he addressed everyone present about the functionality of RBI and its history.

He spoke about Regulation and Supervision of Money Flow in the Economy being the prime function of RBI. He also elaborated on the various activities of RBI which included Currency Management, Regulation and Supervision, Foreign Exchange Management, Consumer Education and the Development of Financial Institutions. He imparted insights on the Repo Rate and Reverse Repo Rate and various other factors that deal with the Liquidity in the Economy.

Towards the end of the session he thanked everyone for being an interactive audience and invited them to ask questions in which students participated with great zeal and enthusiasm by asking questions based on the present state of the economy and its relation to the RBI policies.

The vote of thanks was delivered by Shivani Sonali, a student of first-year of Programme of Marketing.

The event ended with the felicitation of the guest by Dr. Amar Tigga and Dr. Pinaki Ghosh. XISS looks forward to such interactive and wonderful sessions in future.