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Tag: Rbi

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Old Notes' Sale And Purchase: RBI Cautions Citizens

Amid the cases of rampant sale and purchase of old coins and currency notes, RBI has come up with an advisory for citizens.

RBI
RBI Allows Card Networks, Wallets To Access RTGS, NEFT

Direct access for non-banks to CPS lowers the overall risk in the payments ecosystem

RBI
Indian Economy To See 'Substantial Slack' In FY22 Despite Growth: RBI

"Even with a 9.5 per cent GDP growth in 2021-22, there will be substantial slack in the economy and demand pressures may take some more time to become evident," said te RBI Bulletin for July 2021.

RBI Governor Shaktikanta Das
Financial Inclusion Will Continue To Be A Policy Priority After Pandemic: RBI Guv

To measure the extent of financial inclusion in the country, it has been decided to construct and periodically publish a financial inclusion index (FII).

RBI
RBI Restricts Continuous Tenure Of UCB MDs To 15 Years

The Reserve Bank of India has limited the maximum continued term of managing directors and whole time directors (WTD) of urban cooperative banks (UCBs) to 15 years in a series of steps taken to ensure professional management of these institutions that have often been found undertaking non-transparent activities right at the top.

RBI
RBI Allows Centrum To Set Up Small Finance Bank, Paves Way For Takeover Of PMC Bank

Paving the way for takeover of crisis-ridden Punjab and Maharashtra Cooperative Bank (PMC), the Reserve Bank of India on Friday granted in-principle approval to the Centrum Financial Services to set up a small finance bank.

Cash Withdrawal From ATM
RBI Hikes ATM Cash Withdrawal Charges, Know Details Here

A committee constituted by the Reserve Bank of India (RBI) for reviewing ATM fees gamut, has recommended increasing certain charges related to cash withdrawal from ATM machines.

ATM
RBI Permits Banks To Increase Charges For Cash/Non-Cash Transactions Beyond Free Permissible Limit

The RBI said the charges have been allowed to be increased given the increasing cost of ATM deployment and expenses towards ATM maintenance incurred by banks/white label ATM operators

Forex Reserve Indian
As India's Forex Reserves Cross $600B, Liquidity Gush To Fuel Equities

As India's forex reserves cross the $600 billion-mark, there are indications that the ample liquidity, both globally and in the domestic space will continue to drive the Indian stock markets.

RBI on cash deposit in ATMS
RBI Announces Liquidity Measures For Sectors Hit Hard By COVID-19

In a bid to support the revival of sectors hit most by the COVID-19 pandemic, the Reserve Bank of India (RBI) on Friday decided to open a separate liquidity window of Rs 15,000 crore for certain contact-intensive sectors like hotels and restaurants, tourism and aviation ancillary services.

RBI
RBI Cuts Growth Forecast For FY22 To 9.5%

The Reserve Bank of India (RBI) has lowered its growth projection for the current financial year to 9.5 per cent from the previous estimate of 10.5 per cent.

RBI
RBI To Transfer Rs 99,122 Crore As Surplus To Centre

The Reserve Bank of India (RBI) will transfer Rs 99,122 crore as surplus to the Centre for nine months ended March 31, 2021.

NEFT
Bank NEFT Transfers Will Not Be Operational Coming Weekend

If you planning an online money transfer using the banking system between Saturday midnight and Sunday, you are well advised to either cancel or postpone such transfers.

RBI Announces Loan Recast For Individuals, Small Borrowers
RBI Announces Loan Recast For Individuals, Small Borrowers

Mumbai: RBI on Wednesday allowed certain individual and small borrowers more time to repay debt and allowed banks to give priority loans to vaccine makers, hospitals and COVID-related health infrastructure…

RBI Grade B 2021 Recruitment
RBI Eases KYC Compliance, Extends Video KYC To New Customers

Mumbai: The Reserve Bank of India did not stop at providing liquidity enhancement measures to tackle the current economic strain unleashed by the resurgence of a Covid-19 wave. It also…

RBI
RBI Announces Rs 50K Cr Liquidity Window For Covid-Related Health Services

Mumbai: As the county’s healthcare system reels under the severe Covid crisis, the Reserve Bank of India (RBI) on Wednesday announced a liquidity window of Rs 50,000 crore wherein vaccine…

RBI-Guv
RBI Unleashes Liquidity Support To Suppress Covid Induced Turbulence

Mumbai: India’s Reserve Bank will initiate measures to combat economic turbulence unleashed by the resurgence of Covid-19. In virtual address, RBI Governor Shaktikanta Das announced a number of liquidity enhancement…

RBI-Guv
RBI Keeps Interests Rates Unchanged At 4%, Maintains Accommodative Stance

Mumbai: Concerned over fresh COVID-19 wave and elevated food inflation, Reserve Bank of India on Wednesday decided to keep benchmark interest rate unchanged at 4 per cent but maintained an…

RBI
NBFC-MFIs To Charge 7.81% Average Base Rate In April-June

Mumbai: The Reserve Bank of India (RBI) on Wednesday said that Non-Banking Financial Company – Micro Finance Institutions (NBFC-MFIs) will charge an applicable average base rate of 7.81 per cent from their borrowers during the April-June quarter. The average base rate charged during the current quarter is 7.96 per cent. “The Reserve Bank of India […]

Provisions For OBC Quota In Local Bodies Can't Breach 50% Limit: SC
RBI Nod Before Foreign National Transacting In Real Estate Mandatory: SC

New Delhi: The Supreme Court has held that the condition predicated in Section 31 of the 1973 Act of obtaining “previous” general or special permission of the RBI for transfer or disposal of immovable property situated in India by sale or mortgage by a person, who is not a citizen of India, is mandatory. “Until […]

RBI
RBI Extends Cheque Truncation System In Banks; Click For Latest Circular

Bhubaneswar: The Reserve Bank Of India (RBI) has decided to extend the Cheque Truncation System (CTS) across banks in the country. Earlier, the RBI had announced pan-India coverage of CTS by bringing all branches of banks in the country under an image-based CTS clearing mechanism. As per the latest notification, the CTS is in use […]

RBI
RBI Recruitment: Apply For 841 Office Attendant Posts, Check Details

The Reserve Bank of India (RBI) has invited applications from eligible candidates for 841 posts of “Office Attendant” in various offices of the Bank. Selection for the post will be through a country-wide competitive Test (Online Test) followed by Language Proficiency Test (in Regional Language). Important Dates Website Link Open – February 24 – March […]

fake currency notes
Fake Currency Notes: An Expert's Insight

Bhubaneswar: The recent seizure of fake Indian currency notes (FICN) with a face value of a whopping Rs 7.9 crore in Koraput district of Odisha has sent the police as well as public into tizzy. Why craze for fake notes? While the circulation of fake banknotes has now become a major concern, experts opine that […]

RBI Jobs 2021
RBI Recruitment 2021: Latest Notification For Multiple Vacancies; Check Details Inside

Bhubaneswar: The Reserve Bank of India (RBI) has issued notification for recruitment to fill up several vacancies. Applications have been invited for recruitment of Assistant Manager (Official Language), Legal Officer (Grade-B), Manager Technical Civil, Assistant Manager Protocol and Security officers. Vacancy details: Assistant Manager (Official Language) – 12 Posts Legal Officer (Grade-B) – 11 Posts […]

Baripada UCB
Baripada Urban Cooperative Bank To Pay Back Depositors Soon

Baripada: The Baripada Urban Cooperative Bank, whose licence was cancelled by the Reserve Bank of India in 2014, will soon refund the money to its depositors. Hopes of 76,000 depositors have run high after the Registrar of Cooperative Society has directed the Deputy Registrar of Cooperative Societies-Baripada in writing for smooth disbursement of money to […]