Ashutosh Puri
Reserve Bank of India
The
internship at RBI, Lucknow was a lifetime experience. To work under the aegis
of general manager and assistant general manager at the central bank was
something through which my views on not only the monetary policies framework
but also the working culture and the management as a whole got a broader
perspective. The organization is a mecca for gaining knowledge about the
financial intricacies of the country. The people were more than willing to
explain every minutest detail and help in grooming and forming an opinion on various
insights and steps taken by RBI.
I got the
opportunity to do my internship in finding correlation between base rate and
repo rate and their inter-connectivity with respect to various banks whether
public, private or foreign. I gathered data since the inception of base rate
(from 2009) and found fascinating results of the market movement that happens
as the RBI changes the rates. The whole research work was aptly completed, only
possible through the generosity and patience shown by my mentors who not only
helped me with historical data and knowledge but also with the statistical
tools like SAS and Excel analysis for regression modelling.
I was
filled with gratitude for my mentors seeing their hard work and diligence they
took to explain and also how they’re so much attached to the organization
having a feeling of working for the country. The two month internship was not
only all work, we enjoyed a lot during the period. The Lucknow branch has all
the refreshment facilities and gaming areas where we spent some time during
lunch hours. In all I would say my internship at RBI, Lucknow was the best one
could get during the two month break in the course curriculum.
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