Mumbai: In its three-day money-related approach, the Reserve Bank of India’s board of trustees collectively chose to keep the repo … Read more
The RBI has recently issued an advisory to banks, to stop issuing 2000 Rs Notes, as it moves to take … Read more
Mumbai: The RBI’s key strategy rate is set to hit a seven-year high one week from now from an unequaled … Read more
Shaktikanta Das, governor of the Reserve Bank of India (RBI), speaks during a news conference at the Group of 20 … Read more
Inflation in Asia’s third-greatest economy stays over the central bank’s upper opposition limit of 6.00%, showing up at 6.52% in … Read more
Bhagwat Kishanrao Karad informed that according to records, the RBI has allowed endorsement to homegrown and unfamiliar Promotion Banks in … Read more
No Impact On Indian Banking System By “Cases Like This”, RBI Governor On Adani’s Case : Mumbai
Initially four banks — State Bank of India, ICICI Bank, Yes Bank, and IDFC First Bank — in four cities — Mumbai, New Delhi, Bengaluru and Bhubaneswar — will issue digital tokens in the same denominations as paper currency, which can be used to make and receive payments.
According to central bank governor Shaktikanta Das, the Reserve Bank of India (RBI) and the Union government are in talks with some South Asian nations to facilitate cross-border trading in rupees. The governor of India’s central bank voiced concern about the rising levels of debt distress among his country’s trading partners in the area and said he was aware of potential threats a global slowdown posed to his nation’s economy.
Demonetisation is the governmental action that divests a currency unit of its status as legal tender. It was an executive decision to demonetise Rs 500 and Rs 1000 banknotes through a gazette notification issued on November 8th, 2016. Those with these notes had to deposit them in the bank and get the new legal notes issued by the Central Bank.