New Delhi, Dec 19 (IBNS): The Reserve Bank of India (RBI) on Monday has imposed new conditions on deposit of old notes exceeding Rs 5,000 in a bank account till Dec 30.
Kolkata, Dec 14 (IBNS): When West Bengal's ruling Trinamool Congress (TMC) was hosting sit-in-demonstration against demonetisation in front of Reserve Bank of India (RBI) in Kolkata on Wednesday afternoon, RBI's governor Urjit Patel reached the city to attend RBI's central board meeting, which is scheduled to be held here on Thursday.
New Delhi, Dec 14 (IBNS): The Reserve Bank of India has said that banks have received Rs. 12.44 lakh crore in old Rs 500 and Rs. 1000 currency notes as of Dec 10, since the ban was announced by the Centre on Nov 8.
New Delhi, Dec 13 (IBNS): The Reserve Bank of India on Tuesday directed banks across the nation to preserve CCTV recordings of operations at its branches and currency chests from the period between Nov 8 till Dec 30 to facilitate coordinated and effective action by the enforcement agencies in dealing with matters relating to illegal accumulation of new currency notes..
New Delhi, Dec 12 (IBNS): The Reserve Bank of India on Monday clarified that it has not initiated any action to cancel the banking licence of Axis Bank in the wake of certain allegations about some serious irregularities in transactions relating to deposit or exchange of Specified Bank Notes in a few branches of the bank.
Mumbai, Dec 7 (IBNS): Indian equity benchmarks responded negatively to the Reserve Bank of India's (RBI's) decision to keep the repo rate unchanged in the first policy meeting post demonetisation, reports said.
New Delhi, Dec 6 (IBNS): The Reserve Bank of India on Tuesday announced it will issue new Rs 100 denomination in the Mahatma Gandhi Series-2005 bearing the signature of RBI Governor Urjit Patel shortly.
New Delhi, Nov 21 (IBNS): The Reserve Bank of India on Monday provided additional 60 days time to small borrowers to repay housing, car, farm and other loans worth up to Rs 1 crore.
New Delhi, Nov 14 (IBNS): Ujjivan Small Finance Bank Limited, a wholly owned subsidiary of UjjivanFinancial Services Limited, has received the final licence from Reserve Bank of India (RBI) to carry on Small Finance Bank (SFB) business in India subject to the terms and conditions as mentioned in RBI letter dated Nov 11, 2016.
Mumbai, Aug 9 (IBNS): In the last monetary policy presentation of his term, the Third Bi-monthly Monetary Policy Statement, 2016-17, Reserve Bank of India Governor Raghuram Rajan said on Tuesday that inflation projections as given in the June bi-monthly statement, i.e. of a central trajectory towards 5 per cent by March 2017 with risks tilted to the upside are retained and that In view of this configuration of risks, it is appropriate for the Reserve Bank to keep the policy repo rate unchanged at this juncture, while awaiting space for policy action.
Lucknow, Jul 1 (IBNS): ICICI Bank Ltd organized fifteen coin exchange melas at its various branches in Lucknow recently.
New Delhi, Jun 19 (IBNS): With Reserve Bank Of India (RBI) Governor Raghuram Rajan's term scheduled to end in September, speculations are rife on who will succeed him.
New Delhi, June 18 (IBNS): Union Finance Minister Arun Jaitley on Saturday announced that Reserve Bank of India Governor Raghuram Rajan's successor will be announced soon.
Mumbai, Jun 18 (IBNS): To ease the process of registration of new Non Banking Financial Companies (NBFCs),the Reserve Bank of India (RBI) , on Friday, simplified the application form and revised the list of documents to be submitted.
Mumbai, Jun 7 (IBNS): During the second bi-monthly monetary policy review on Tuesday, the Reserve Bank of India (RBI) indicated that the risks to inflation were on the upside, according to media reports.