RBI

The RBI on Friday said it has imposed a penalty of ₹84.50 lakh on Central Bank of India (the bank) for non-compliance with certain provisions of norms related to frauds classification and reporting. The Reserve Bank had conducted statutory…
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Reserve Bank of India governor Shaktikanta Das on Monday made it clear that there was no plan to reintroduce ₹1,000 currency notes. Addressing the media about the RBI’s recent decision to withdraw ₹2,000 currency notes and said the impact…
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Reserve Bank governor Shaktikanta Das on Friday cautioned banks against any build-up of asset-liability mismatches, saying both are detrimental to financial stability and hinted that the ongoing crisis in the US banking system seems to have…
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The Reserve Bank of India has announced that all international travellers visiting India will be able to make local payments using Unified Payments Interface (UPI) while they are in the country. The facility has been effective from today…
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RBI Governor Shaktikanta Das reiterated his caution about crypto assets in the Indian economy on 13 January. According to Das, cryptocurrencies are a bad bet and might even weaken the authority of the central bank if they are allowed to…
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सुप्रीम कोर्ट में साल 2016 में हुई नोटबंदी की संवैधानिक वैधता पर बुधवार को सुनवाई हुई। याचिका पर कोर्ट ने केंद्र सरकार और आरबीआई से विस्तृत हलफनामा दाखिल करने के लिए कहा है। इस मामले में अगली सुनवाई नौ नवंबर को होगी। बता दें कि साल 2016…
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The Reserve Bank of India (RBI) has released the list of bank holidays for the month of October. Banks will remain closed for a total of 21 days in the month, according to the RBI holiday calendar. These include all Sundays and the second…
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The National Pension System (NPS) is a voluntary pension scheme, under which investors can go for both debt and equity exposure via a single investment tool. Under NPS, an investor, at the time of retirement, can choose up to 75% equity…
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Forex reserves slumped to over a two-year low, falling by 3 billion in the last week of August as the Reserve Bank of India intervened to defend the rupee after the currency hit a new record weak low against a rampant and two-decade high…
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The RBI on Friday issued fresh instructions barring recovery agents from resorting to intimidation of borrowers as well as calling them before 8 am and after 7 pm. While issuing additional instructions to regulated entities including…
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