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Home » Posts tagged with "reserve bank of india"

Jaitley, RBI Governor discuss banks’ bad loans

Jaitley, RBI Governor discuss banks’ bad loans

New Delhi, March 11  Finance Minister Arun Jaitley met with Reserve Bank of India (RBI) Governor Urjit Patel and other senior officials here on Friday to discuss the issue of banks’ non-performing assets (NPAs) or bad loans, sources said.“Lot...
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RBI to issue new Rs 10 notes, old ones to remain valid

Mumbai, March 09  The Reserve Bank of India (RBI) on Thursday said it will shortly issue new Rs 10 denomination currency notes, while clarifying that the old Rs 10 notes will also remain valid.“The Reserve Bank of India will shortly issue Rs 10...
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RBI expected to hold interest rates at Tuesday’s review

Mumbai, Feb 6  The Reserve Bank of India (RBI) is expected to hold key interest rates at its monetary policy review – its second after November’s note ban – in the wake of banks being flush with funds post-demonetisation and a firming...
Send 40% currency to rural areas, RBI tells banks

Send 40% currency to rural areas, RBI tells banks

Mumbai, Jan 3  The RBI on Tuesday said the supply of currency notes in rural areas was not adequate and asked banks to send at least 40 per cent of the supply to their rural branches.“The bank notes, being supplied to rural areas, at present, are...
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RBI relaxes ATM daily withdrawal limit to Rs 4,500 from Rs 2,500

Mumbai, Dec 31  Following expiry of the deadline to deposit demonetised currency in banks, the RBI on Friday relaxed the daily ATM withdrawal limit to Rs 4,500 from the earlier cap of Rs 2,500, with this facility, to be effective from January 1, coming...
Demonetisation will transform Indian economy: RBI governor

Demonetisation will transform Indian economy: RBI governor

Mumbai, Dec 30  On the eve of the deadline for citizens to deposit demonetised currency in banks, Reserve Bank of India (RBI) Governor Urjit Patel said that demonetisation will have a transformative effect on the economy going forward, despite some short-term...
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Note ban policy : RBI’s autonomy under threat, say experts

By Aparajita Gupta New Delhi, Dec 29 (IANS) Has the Reserve Bank of India (RBI) under its new governor, Urjit Patel, surrendered its hard-fought autonomy? Many experts feel so, particularly after the manner in which Prime Minister Narendra Modi’s...
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RBI extends time before small loan accounts classified as NPA

Chennai, Dec 29  The Reserve Bank of India (RBI) on Wednesday further eased the prudential norms for classifying a loan account as non-performing asset (NPA) in respect of small borrowers.In its notification, the RBI said on reviewing its November 21...
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Ordinance to make possession of scrapped notes criminal offence

New Delhi, Dec 28  An ordinance was approved by the cabinet on Wednesday to term as illegal the possession of demonetised Rs 500 and Rs 1,000 notes beyond March 31, 2017, and hold as criminal offence people contravening its provisions.The ordinance,...
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RBI withdraws one-time deposit norm, Rs 5,000 limit for KYC-accounts

New Delhi, Dec 21  The Reserve Bank of India (RBI) in a sharp U-turn on Wednesday withdrew the circular for KYC-compliant accounts that barred people from depositing over Rs 5,000 in old currency more than once till December 30.The central bank said...
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Deposits over Rs 5,000 can be made only once till Dec 30: RBI

New Delhi, Dec 19  The RBI announced on Monday that demonetised currency above Rs 5,000 can now be deposited in bank accounts only once — till December 30.People depositing the old Rs 500 and Rs 1,000 in excess of Rs 5,000 will be questioned in...
Two RBI officials arrested for illegal currency conversion

Two RBI officials arrested for illegal currency conversion

Bengaluru, Dec 17 (IANS) The CBI has arrested two Reserve Bank of India (RBI) officials in Bengaluru allegedly involved in an illegal exchange of nearly Rs 2 crore in spiked currency notes, officials said on Saturday. A CBI official said a senior special...
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No customer charges on digital payments: RBI

Mumbai, Dec 17  The Reserve Bank of India (RBI) on Friday directed banks not to levy customer charges on transactions through digital payment services up to March 31, 2017. “As a temporary measure, it has been decided that all banks and Prepaid...
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RBI expected to cut interest rate on Wednesday

Mumbai, Dec 6  Expectations are high of an interest rate cut by the RBI when it announces its bi-monthly monetary policy review on Wednesday, as banks are flush with funds following the November 8 demonetisation of high value currency.The Reserve Bank...
RBI to issue new Rs 50, Rs 20 notes soon, old notes valid

RBI to issue new Rs 50, Rs 20 notes soon, old notes valid

Mumbai, Dec 5  The Reserve Bank of India on Sunday announced it will shortly issue new Rs 50 and Rs 20 notes bearing the signature of new Governor Urjit Patel, but existing banknotes of both denominations will continue to be legal tenderThe year ’2016′...
RBI’s stiff conditions for Rs 2.5 lakh withdrawal for weddings

RBI’s stiff conditions for Rs 2.5 lakh withdrawal for weddings

Mumbai, Nov 22  Following the cash crunch resulting from the recent demonetisation, the RBI on Monday imposed stiff conditions for withdrawal of up to Rs 2.5 lakh in cash from bank accounts for weddings, saying the money can be withdrawn only from the...
RBI to launch new Rs 500, Rs 2000 notes from November 10, banks to keep record of exchanges

RBI to launch new Rs 500, Rs 2000 notes from November 10, banks to keep record of exchanges

Expressing concern over the circulation of fake currency notes, Reserve Bank of India Governor Urjit Patel today said the apex bank will launch new Rs 500 and Rs 2,000 currency notes from November 10. “RBI will launch new currency notes from November...
Indian banks can issue masala bonds: RBI

Indian banks can issue masala bonds: RBI

Chennai, Nov 4  The Reserve Bank of India (RBI) on Thursday said Indian banks can issue masala bonds or rupee-denominated bonds issued overseas to augment their capital and long-term funds. In a statement, the RBI said issuance of such bonds will help...
GST rate will have short-lived impact on inflation: RBI

GST rate will have short-lived impact on inflation: RBI

Mumbai, Oct 5  Implementing the Goods and Services Tax (GST) could produce a short-lived pass-through impact on the inflation trajectory, the Reserve Bank of India (RBI) said on Tuesday.Announcing its first bi-monthly monetary policy review decided by...
RBI wants to liberalise while strengthening bond markets: Rajan

RBI wants to liberalise while strengthening bond markets: Rajan

New Delhi, Aug 27  Reserve Bank of India (RBI) Governor Raghuram Rajan on Friday said that the central bank aims to go for liberalisation while strengthening the bond market. “Our aim is to liberalise steadily, but in a thoughtful way, continuously...
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