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Sumit Saha March 28, 2024 9:41 PM IST
The Rs 2000 banknote was introduced on November 10, 2016.
Ananya Srivastava November 26, 2023 2:34 PM IST
Banks in several states are shut on account of Guru Nanak Jayanti on November 27, 2023. Check full state-wise list.
Ananya Srivastava November 3, 2023 1:25 PM IST
Earlier this year, the govt announced withdrawal of Rs 2000 bank notes from circulation after which people rushed to exchange the currency. The last date for exchange is over but do you still have the high-denomination currency? Know how you can exchange it..
India.com Business Desk April 3, 2023 1:42 PM IST
Neeraj Nigam was heading Bhopal Regional Office of the central bank prior to being promoted as the Executive Director.
Sankunni K March 27, 2023 8:39 AM IST
It clarified that, for offline business, One97 Communications can continue to onboard new merchants and offer them payment services including all-in-one QR, soundbox, card machines, et cetera.
India.com Business Desk February 8, 2023 9:29 AM IST
In this financial year, RBI first hiked the policy rate by 40 bps in May 2022, followed by three consecutive rate hikes to the tune of 50 bps each between June to October and 35 bps in the December meeting.
India.com Business Desk January 2, 2023 2:53 PM IST
RBI added that there should be consistency at the international level on regulatory and supervisory approaches. These regulatory norms, the RBI said, should be grounded in the principle of "same activity, same risk, same regulation" approach.
India.com Business Desk December 12, 2022 5:12 PM IST
The lower house of the parliament was informed that the decline in foreign exchange reserves was mainly due to the revaluation of foreign currency Assets to reflect prevailing global market conditions and on account of market intervention operations of the Reserve Bank of India to smoothen exchange rate volatility.
India.com Business Desk December 5, 2022 10:49 AM IST
MPC will take into account the gross domestic product (GDP) growth estimates, the foodgrain production estimates, inflation projection, global economic activity and other factors.
Shrimansi Kaushik December 1, 2022 10:10 PM IST
The Reserve Bank of India (RBI) has launched digital Rupee pilot in 4 cities today. The aim is to gradually do away with paper money.
IANS November 30, 2022 4:32 PM IST
As per the Section 45ZL of the RBI Act, the minutes of the MPC meeting has to be published on the 14th day after every meeting.
India.com Business Desk November 16, 2022 9:49 AM IST
Apart discussing certain inter-regulatory issues at the meeting, the sub-committee also reviewed the activities of various technical groups under its purview and the functioning of State Level Coordination Committees (SLCCs) in various States and Union territories.
India.com Business Desk November 2, 2022 6:07 PM IST
Essentially, the CBDC is a digital avatar of a paper currency, issued by a country's central bank and that should be exchangeable with the paper currency. CBDC will be considered as a legal tender in a country because it's being issued by the country's own central bank. The central bank will be responsible for governing and managing the asset.
India.com Business Desk November 1, 2022 10:41 AM IST
Nine banks have been selected for participation in the pilot project - State Bank of India, Bank of Baroda, Union Bank of India, HDFC Bank, ICICI Bank, Kotak Mahindra Bank, Yes Bank, IDFC First Bank, HSBC.
India.com Business Desk October 11, 2022 10:37 AM IST
A month earlier, the Indian Banks Association (IBA) had set up a large working group including representatives of key banks to brainstorm on the various dimensions of sustainability and green financing.
India.com Business Desk October 3, 2022 4:35 PM IST
The fall of Indian Rupee becomes more significant when it happens at the start of the final quarter. The Rupee had plunged as low as 81.89 per dollar today that is not very low from its record low of 81.95 per dollar.
India.com Business Desk September 30, 2022 4:52 PM IST
Reserve Bank of India Governor Shaktikanta Das announced the the interest rates have been hiked by 50 basis point to 5.90 per cent with immediate effect.
India.com Business Desk September 28, 2022 1:50 PM IST
Repo rate is the rate at which central bank of a country lends money to other private and public sector banks. In India, the RBI increases or decreases the repo rate considering the inflation levels in the country. When the RBI increases repo rate, the interest on loans (taken by the businesses and individuals) are expected to increase as the banks are most likely to hike the interest rates in tandem with the RBI
IANS September 16, 2022 4:22 PM IST
The inflation which is ranging above the upper tolerance band of the RBI for the eighth straight month and therefore Morgan Stanley too expect inflation to remain sticky around 7.1-7.4 per cent in September as well, driven by increases in food prices as per high frequency food price trend.
ANI Feeds September 10, 2022 6:22 PM IST
The RBI conducted statutory inspection of the company with reference to its financial position as on March 31, 2020 and examination of the Risk Assessment Report, Inspection Report, and supervisory letter
IANS September 9, 2022 5:17 PM IST
Finance Minister Nirmala Sitharaman expressed concern over rising instances of illegal loan apps offering loans mostly to vulnerable sections of society, offering high interest rates and then using intimidatory tactics to recover the amount.
India.com News Desk August 17, 2022 1:34 PM IST
The Reserve Bank Of India's interest rate hikes can have adverse impacts both on individuals and corportates. It can affect the daily finances of people and companies across a wide range of sectors. Read on to know how RBI's policy tweaks are going to affect your finances.
India.com Business Desk April 12, 2021 4:24 PM IST
RTGS NEFT Timings: The RBI said in a statement that Real-time gross settlement (RTGS) service will not be available from 12 am on April 18 till 2 pm on Sunday.
PTI Feeds August 1, 2018 4:10 PM IST
The 30-share BSE Sensex, which had rallied to a fresh lifetime high of 37,711.87 in early trade, dived after the RBI announced its policy decision.
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