Mumbai: The Maharashtra government will take up concerns of the troubled Punjab and Maharashtra Cooperative (PMC) Bank’s depositors with the RBI in a couple of days, state minister Jayant Patil said on Thursday. Patil, who earlier suggested that the PMC Bank be merged with the Maharashtra State Cooperative (MSC) Bank, said he was told that […]
Apr 22, 2021
Bhubaneswar: Reserve Bank of India (RBI) Governor Shaktikanta Das and Odisha Chief Minister Naveen Patnaik discussed several issues on Thursday, including financial inclusion programmes. “A lot of issues, including financial inclusion programmes, banking presence, digital payments, streamlining agriculture loans and direct transfer benefits were discussed,” Das told mediapersons here. Das met the Chief Minister ahead […]
Apr 22, 2021
Mumbai: The Reserve Bank of India (RBI) has decided to provide an additional collateralised intra-day liquidity facility for smooth operation of payment system National Electronic Funds Transfer (NEFT) on a round-the-clock basis from December 16, the central bank said. The move will aid the payment system become operational on a 24×7 basis. The facility is […]
Apr 22, 2021
Mumbai: RBI Governor Shaktikanta Das on Monday said the central bank had acted ahead of time by starting to slash rates in February this year, and hoped the decision to pause the cuts earlier this month will prove to be a right call over time. He also hoped for the US-China truce on trade tariffs, […]
Apr 22, 2021
“Applications are invited from eligible candidates to fill up Two (02) post (one reserved for Other Backward Classes and one Unreserved) of Bank’s Medical Consultant (BMC) on contractual basis, with fixed hourly remuneration for dispensaries of Reserve Bank of India at its Office located at M G Road, Kanpur and Officers’ Quarters located at Civil […]
Apr 22, 2021
The Reserve Bank of India (RBI) has sought applications for the positions of Legal Officer, Assistant Manager, Library Professionals and Manager. Interested and eligible candidates can apply for the positions before the deadline. The last date to submit applications for the RBI vacancies is January 20, 2020. RBI Jobs 2020 Vacancy Detail Legal Officer in […]
Apr 22, 2021
Mumbai: The Reserve Bank has introduced a new type of prepaid payment instrument (PPI) which could be used only for the purchase of goods and services up to a limit of Rs 10,000 per month. “To give impetus to small value digital payments and for enhanced user experience, it has been decided to introduce a new […]
Apr 21, 2021
New Delhi: Ahead of the announcement of interest rates on small savings schemes for the January-March quarter by December 31, the RBI has asked the Finance ministry to align their interest rates with market rates which govern the banks also in a bid to improve transmission. “The ministry has been internally sounded out and communicated […]
Apr 21, 2021
Mumbai: India all-rounder Hardik Pandya on Wednesday announced his engagement with Serbian actress Natasa Stankovic via a social media post. “Mai tera, Tu meri jaane, saara Hindustan (I am yours, you are mine and the entire nation knows it). 01.01.2020 #engaged,” Hardik wrote on his Instagram profile where the couple were seen celebrating their engagement. […]
Apr 21, 2021
Bhubaneswar: In a bid to assist visually impaired persons to identify banknotes, the Reserve Bank of India (RBI) today launched a mobile app. The Mobile Aided Note Identifier (MANI) is capable of identifying the denominations of Mahatma Gandhi Series and Mahatma Gandhi (New) series banknote by checking front or reverse side/part of the note including […]
Apr 21, 2021
Mumbai: A central bank ‘Operation Twist’ of the new calendar year began on Thursday with the Reserve Bank of India (RBI) announcing the simultaneous purchase and sale of government securities through special open market operations (OMOs) for Rs 10,000 crore each on January 6. In December, the RBI had for the first time ever conducted […]
Apr 21, 2021
New Delhi: Nearly six months after Viral Acharya resigned as the RBI Deputy Governor, there is finally a replacement, on Tuesday the apex bank appointed Executive Director Micheal Debabrata Patra to the post. Michael Debabrata Patra has been appointed for three years, according to a statement by the Appointments Committee of the Cabinet. Patra replaced […]
Apr 21, 2021
Mumbai: The RBI on Wednesday asked banks and other card-issuing companies to provide facility to customers to switch on and off their debit or credit cards, a move aimed at enhancing security for digital transactions. As over the years, the volume and value of transactions made through cards have increased manifold, the RBI also said […]
Apr 20, 2021
Mumbai: The Reserve Bank of India (RBI) will head the central bank’s monetary policy department that takes calls on interest rates, the RBI announced on Wednesday. The former executive director of the RBI Michael Patra was appointed to the post of a Deputy Governor of the central bank on Tuesday. In a reshuffle of portfolios […]
Apr 20, 2021
New Delhi: Economists at the State Bank of India (SBI) have reminded the central bank that they should not forget their primary function of being the lender of last resort. As the NBFC continues to be in distress, economists at SBI on Friday called for the Reserve Bank of India (RBI) to play its role […]
Apr 20, 2021
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