Fri, Mar 29, 2024
Rs 2,000 Note Exchange, How To Exchange 2,000 Rupee Note: According to the RBI, the facility to exchange or deposit Rs 2,000 notes will not be available on April 1 due to operations associated with the annual closing of accounts.
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Thu, Mar 28, 2024
"India's recent growth performance has surprised many, triggering a flurry of upgrades. For instance, the International Monetary Fund (IMF) has cumulatively revised its forecast for 2023 upwards by 80 basis points between April 2023 and January 2024," Patra said.
Tue, Mar 26, 2024
The RBI tightened its norms on unsecured loans last November and warned lenders against "all forms of exuberance," worried about rising risks to the financial system. It has stepped up its vigilance, Reuters reported last week, to target new areas in retail lending, including mortgage-linked "top-up" loans.
Sun, Jan 06, 2019
Mumbai-headquartered Pratap Cooperative Bank (PCoB) has notched a record of zero non-performing assets (NPAs) for 10 years. It has now been named for the Maharashtra State Cooperative Banks Association Ltd. (MSCBAL) 23rd award for last fiscal, an official said on Saturday.
Sat, Jan 05, 2019
Are you a Credit card, Debit, ATM, Internet Banking fraud victim? The government is working with the Reserve Bank of India (RBI) to look into frauds below Rs 1 lakh
Fri, Jan 04, 2019
Over two years after the launch of new Rs 2000 currency notes post the shock demonetisation decision, the government is said to have stopped printing them, according to a media report.
Thu, Jan 03, 2019
The move hadn't gone well with the public and experts as the government was criticised for bringing out a note of such high denomination even as it had cancelled the already existing Rs 1,000 note.
Wed, Jan 02, 2019
Credit card alert! Your visit to the bank ATM to get cash or do other transactions may just leave you very disappointed. Many bank account holders may find their credit cards have just suffered a setback. Do this now!
Tue, Jan 01, 2019
There is not much impact seen on the KMB share price today as it is trading gradually lower by 0.50% at Rs 1,248.05 per piece at around 1034 hours.
Wed, Dec 26, 2018
The Reserve Bank of India (RBI) on Wednesday formed an expert committee on economic capital framework led by former RBI Governor Bimal Jalan to suggest the amount of reserves it needs to keep, handing over the balance to the government.
New year 2019 may bring a big relief to loan seekers as the time is now ripe for the Reserve Bank of India (RBI) to announce the much-awaited key policy rate.
Sun, Dec 23, 2018
"Consequent to the publication of expression of interest (EOI) on October 27, 2018, the Reserve Bank had received responses from several vendors for implementation of end-end solution for PCR," the central bank has said.
Fri, Dec 21, 2018
Though the banks accept damaged/mutilated notes, the RBI has issued instruction asking the lenders not to accept some currency notes.
Wed, Dec 19, 2018
Days after Reserve Bank governor Urjit Patel's resignation, finance minister Arun Jaitely Tuesday said while enjoying functional autonomy, a regulator cannot be "isolationist" and has to consult all stakeholders.
Sun, Dec 16, 2018
The Reserve Bank of India (RBI) will soon tell your credit score!
Fri, Dec 14, 2018
RBI Board Meet: The Central Board of Reserve Bank of India (RBI) met today to discuss contentious issues including a new economic capital framework (ECF) for the central bank and relaxation in the prompt corrective action norms for at least some of 12 state-run banks.
The Reserve Bank is adequately capitalised, but the money should be used for fixing the financial system, not for financial deficit or financing government expenditure Subramanian has said.
How to exchange damaged Rs 2000, Rs 500, Rs 200, Rs 100 notes: If you have a damaged note of any denominations including Rs 500 and Rs 2000, then it may be a cause of worry. However, to your relief, the RBI has allowed the exchange of new notes which have been damaged.
Wed, Dec 12, 2018
RBI Governor Shaktikanta Das added that he will subsequently interact with private sector banks as well to understand their perspective about the economy.
Tue, Dec 11, 2018
Government will have to take stock of current legal position now, in appointing the new head of RBI, whether interim or a full-time Governor, will be clear today, said Finance Secretary AN Jha.
Mon, Dec 10, 2018
Notably, Patel was one of the key candidates in line to become RBI governor after Rajan decided to exit from his post once his tenure ended in September 2016.
Urjit Patel resigns: Prime Minister Narendra Modi took to Twitter to say that Urjit Patel is 'an economist of a very high calibre with a deep and insightful understanding of macro-economic issues'.
Urjit Patel Resignation: Support and hard work of RBI staff, officers and management has been proximate driver of Bank’s considerable accomplishments in recent years, said Urjit Patel.
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