Reverse Bank of India changes norms 126 times, Congress on RBI backtracking
New Delhi, Dec 21 (IBNS) : As the Reserve Bank of India withdrew its earlier notification on Rs 5000 cash deposit limit for KYC complaint accounts, the Congress on Wednesday criticised the central bank for “changing the norms 126 timesâ€, giving it the mocking sobriquet of "Reverse Bank of India."
RBI imposes restrictions on deposit of old notes until Dec 30
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.
RBI governor arrives Kolkata, refuses state police's convoy
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.
Rs 12.4 lakh crore of banned currency notes deposited in banks till Dec 10, says RBI
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.
RBI directs banks to preserve CCTV recordings of operations from Nov 8 to Dec 30
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..
No action initiated to cancel Axis Bank license: RBI
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.
Market reacts negatively to RBI's decision to keep repo rates intact
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.
RBI to issue new Rs. 100 notes
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.
Cash crunch: RBI eases bad loan rules for small borrowers
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.
Ujjivan gets RBI nod to commence Small Finance Bank operations
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.
Raghuram Rajan warns of inflation risks during the third Bi-monthly Monetary Policy Statement
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.
ICICI Bank organizes fifteen coin exchange melas in Lucknow
Lucknow, Jul 1 (IBNS): ICICI Bank Ltd organized fifteen coin exchange melas at its various branches in Lucknow recently.
Rajan says no to second term as RBI Guv, speculations rife over his successor
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.
Raghuram Rajan's successor will be announced soon: Jaitley
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.
RBI simplifies process of registration of new NBFCs
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.