Mumbai: Depositors of the scam-hit Punjab and Maharashtra Cooperative (PMC) Bank held a protest outside the Reserve Bank of India (RBI) headquarters in south Mumbai on Saturday. The depositors gathered outside the RBI around 11.45 am and held protests by showing placards and chanting slogans against PMC Bank and the RBI, a police official said. […]
Apr 24, 2021
Jajpur: Police recovered the body of an RBI general manager from a hotel room in Odisha’s Jajpur district on Friday, the police said. The body of Asish Ranjan Samal, who is working as a general manager of the Guwahati branch of RBI, was found hanging from the ceiling fan in the hotel room. 52-year-old Samal […]
Apr 24, 2021
Bhubaneswar: The General Manager of RBI’s Guwahati branch, who allegedly committed suicide in Odisha’s Jajpur, was depressed after failing to get a job transfer from Assam to his native state of Odisha, the police said on Saturday. “According to the deceased Asish Ranjan Samal’s wife, he wanted a job transfer to Odisha from Guwahati. Samal […]
Apr 24, 2021
New Delhi: The Reserve Bank of India (RBI) on Tuesday imposed Rs 1 crore penalty on Bandhan Bank for non-compliance with promoter holding norms, contained in the licencing guidelines. Under the guidelines, the bank was required to bring down shareholding of its “non-operative financial holding company” to 40 per cent of its paid-up equity capital […]
Apr 24, 2021
Chennai: The Chandra’s Atmospheric Composition Explorer-2 (CHACE-2) payload aboard the Chandrayaan-2 Orbiter has detected Argon-40, said Indian Space Research Organisation (ISRO). According to ISRO, the Orbiter that is orbiting the moon has detected Argon-40 from an altitude of about 100 km. #ISROThe CHACE-2 payload aboard the #Chandrayaan2 orbiter has detected Argon-40 from an altitude of […]
Apr 23, 2021
Mumbai: Come January 2020, and customers may not have to pay any charges for transactions done through the popular NEFT system. A proposal in this regard has been mooted by the RBI to give impetus to digital transactions on the third anniversary of demonetisation. The central bank has also proposed that FASTags would be enabled […]
Apr 23, 2021
New Delhi: The Reserve Bank of India (RBI) has directed banks not to charge savings account holders for NEFT with effect from January 2020. The National Electronic Funds Transfer (NEFT) is an electronic funds transfer system maintained by the RBI, to transfer funds from one bank account to another. Money transfer can be made by […]
Apr 23, 2021
Mumbai: In a detailed affidavit filed before the Bombay High Court on Tuesday, the Reserve Bank of India (RBI) has virtually admitted that it was ‘cheated’ by the management of the scam-hit Punjab & Maharashtra Cooperative (PMC) Bank. The affidavit, filed by Rajlaxmi Sethi, Assistant General Manager, Department of Co-operative Bank Supervision, RBI, states that […]
Apr 23, 2021
New Delhi: The Reserve Bank of India (RBI) has for the first time released a list of top 30 wilful defaulters in response to an RTI application. The list contains the names of usual suspects with absconder Mehul Choksi’s Geetanjali Gems topping the list, followed by REI Agro, Winsome Diamonds, Ruchi Soya, Rotomac Global, Kingfisher […]
Apr 23, 2021
New Delhi: The Reserve Bank may cut interest rates for the sixth straight time on December 5 to support growth that has continued to slip to more than six-year low on a slump in manufacturing, bankers and experts said. RBI has cut interest rates on every single occasion the multi-member monetary policy committee (MPC) has […]
Apr 22, 2021
New Delhi: With the second-quarter GDP slipping to a six-year low of 4.5 per cent and expected to remain muted, the Reserve Bank of India (RBI) on Thursday cut GDP growth forecast for the current fiscal to 5 per cent. In its October monetary policy, the RBI had estimated the GDP to grow at 6.1 […]
Apr 22, 2021
Mumbai: The Reserve Bank of India (RBI) will introduce a new type of prepaid payment instrument (PPI) which could be used only for purchase of goods and services up to a limit of Rs 10,000. Accordingly, the loading of such PPI will be only through a bank account and it could be used for making […]
Apr 22, 2021
Mumbai: The Reserve Bank of India on Friday announced it has decided to make the National Electronic Funds Transfer (NEFT) system available on a round-the-clock basis from December 16. The facility is used to electronically transfer funds from one account to another of banks which are members of this system. “The system will be available […]
Apr 22, 2021
Bhubaneswar: Hailing the mechanism of Odisha police, senior IPS officer Abhay who took charge as the Head of Odisha Police Force at the State Police headquarters in Cuttack today, stressed on increasing the efficiency in implementation of Mo Sarkar and 5T model for better policing apart from improving standard of investigation process. The 1986-batch IPS officer of […]
Apr 22, 2021
Sriharikota (Andhra Pradesh): India on Wednesday successfully placed into orbit its latest radar imaging earth observation satellite RISAT-2BR1 and nine foreign satellites from four countries using its PSLV rocket. In the process, India touched 319 foreign satellite launch mark ever since 1999. Declaring this will be the last rocket mission of ISRO for 2019, its […]
Apr 22, 2021
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