Tag: Reserve Bank Of India

RBI
RBI bars Paytm Payments Bank from accepting deposits after Feb 29

The Reserve Bank's action against Paytm Payments Bank Ltd (PPBL) follows a comprehensive system audit report and subsequent compliance validation report of the external auditors.

  • Wednesday, 31 January 2024
Rules tightened for banks, NBFCs for investments in AIFs
Rules tightened for banks, NBFCs for investments in AIFs

The RBI on Tuesday barred regulated entities (REs) such as banks and non-banking finance companies (NBFCs), from investing in any scheme of alternative investment funds (AIFs).

  • Tuesday, 19 December 2023
Garment showroom pays people to get Rs 2000 notes exchanged in RBI Bhubaneswar!
Garment showroom pays people to get Rs 2000 notes exchanged in RBI Bhubaneswar!

Investigation revealed they came to the RBI Regional office at the behest of some others, including reputed business houses.

  • Tuesday, 31 October 2023
RBI Extends Deadline To Exchange Rs 2000 Currency Notes, New Order Says Bank Deposit Last Date Oct 7
RBI Extends Deadline To Exchange Rs 2000 Currency Notes, New Order Says Bank Deposit Last Date Oct 7

In a major respite for the people, the Reserve Bank of India (RBI) on Saturday extended the deadline for deposit and exchange of Rs 2,000 banknotes. Earlier the banks were advised to provide deposit and / or exchange facility for Rs 2000 banknotes until September 30, 2023 and the deadline ended today.

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  • Saturday, 30 September 2023
Banks in India may operate for 5 days a week, deets inside
Banks in India may operate for 5 days a week, deets inside

Currently, banks remain open on two Saturdays in a month, the first and third. The UBFU has proposed that employees get weekly off of two days and the banks remain open for five days a week.

  • Friday, 21 July 2023
76% of total Rs 2,000 denomination notes in circulation returned to banks: RBI
76% of total Rs 2,000 denomination notes in circulation returned to banks: RBI

The Reserve Bank of India (RBI) on Monday said in a statement that most of these notes have returned through deposits.

  • Monday, 03 July 2023
Shaktikanta Das
RBI MPC retains repo rate at 6.5%, projects 6.5% GDP & 5.1% inflation for FY24

Das said the MPC met on June 6th, 7th and 8th.

  • Thursday, 08 June 2023
Bank holidays in June 2023: Banks to remain closed for 12 days; check out full list here
Bank holidays in June 2023: Banks to remain closed for 12 days; check out full list here

Both public sector and private sector banks do not work on Sundays and second and fourth Saturdays, as per the RBI guidelines. 

  • Tuesday, 30 May 2023
RBI Guv says gaps noticed in banks' governance
RBI Guv says gaps noticed in banks' governance

"It is necessary that boards and managements do not allow such gaps to creep in," Das said at a conference of banks' directors organised by the RBI in Mumbai.

  • Monday, 29 May 2023
Exchange of Rs 2000 notes begins: Customer can exchange notes multiple times a day, says SBI
Exchange of Rs 2000 notes begins: Customer can exchange notes multiple times a day, says SBI

Though banks in Odisha did not see huge footfalls of customers for the exchange on the first day, it is believed that the number may increase in the coming days. The RBI has set September 30 as the deadline for exchange of the notes. 

  • Tuesday, 23 May 2023
Odisha sees gold rush as RBI’s decision to withdraw Rs 2000 notes triggers panic buying
Odisha sees gold rush as RBI’s decision to withdraw Rs 2000 notes triggers panic buying

Jewellery shops, filling stations and other business establishments across Odisha witnessed a huge rush following the decision of the RBI with people resorting to panic buying.

  • Tuesday, 23 May 2023
New Rs 2000 notes
RBI expects return of most Rs 2,000 currency notes in circulation by Sep 30: RBI Governor

Speaking to reporters for the first time since the surprise decision to withdraw the highest denomination currency note was announced, Das said the decision was part of currency management.

  • Monday, 22 May 2023
RBI keeps repo rate unchanged at 6.5 pc
RBI keeps repo rate unchanged at 6.5 pc

The rate hike has been paused after six consecutive rate increases aggregating to 250 basis points since May 2022.

  • Thursday, 06 April 2023
What Indians can learn from the recent bank closures in America
What Indians can learn from the recent bank closures in America

Recent bank closures in America highlight the importance of depositing money in multiple banks, monitoring asset quality, and avoiding panic in case of a collapse.

  • Wednesday, 15 March 2023
How to claim 100 Rupees Penalty for failed transactions in bank
How to claim 100 Rupees Penalty for failed transactions in bank; know here

Learn how to claim compensation for failed transactions as per RBI guidelines with this informative guide.

  • Thursday, 09 March 2023
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