Tag: Rbi

Baripada: A large number of customers of Urban Cooperative bank in Baripada of Mayurbhanj district are grappling with mental agony since the Reserve Bank India had cancelled the license of the bank citing financial crisis. The depositors have become frustrated after running from pillar to post to withdraw their hard earned money. “We have run […]

Bhubaneswar: Odisha’s architectural marvel, the Konark Sun Temple will be embossed in the new Rs 10 currency note in the Gandhi series to be issued by the Reserve Bank of India (RBI). As per initial reports, the country’s central bank will be issuing the new currency in chocolate brown colour and the design has already […]

Bhubaneswar: In a bid to enter Indian steel market, Steel major ArcelorMittal is considering to buy stressed assets of Bhushan Steel, which has  a good presence in auto steel categories with a 5.6 Million Tonne (MT) integrated steel plant in Odisha. According to reports published in national media, LN Mittal-led ArcelorMittal has submitted an expression […]

New Delhi: The Reserve Bank of India (RBI) has said that it has not so far issued any instruction regarding mandatory linking of Aadhaar with bank accounts. The Central bank revealed the information in response to an RTI application filed by Yogesh Sapkale of news website moneylife.in. The response indicates that the decision on mandatory […]

Bhubaneswar/New Delhi: The Reserve Bank of India (RBI) on Wednesday issued a notification announcing dates and procedure to apply for RBI Assistant Recruitment Examination, 2017. Approximately 623 vacancies would be filled through the examination. Eligible candidates can apply online till November 10, 2017. Candidate selection will be on the basis of a series of two […]

Bhubaneswar/Balasore: Change has become a big problem in Soro and Bahanaga blocks of Balasore district as people, government offices and banks are refusing to accept coins. The Reserve Bank of India (RBI) has not banned coins but people here say banks are refusing to take deposits in coins citing lack of chests to keep them. […]

Mumbai/Bhubaneswar: The Reserve Bank of India (RBI) will issue Rs 200 denomination banknotes tomorrow in the Mahatma Gandhi (New) Series, bearing signature of RBI Governor Dr. Urjit R. Patel. According to a press release issued by RBI, the new denomination has Motif of Sanchi Stupa on the reverse, depicting the country’s cultural heritage. The base […]

The implementation of house rent allowance (HRA) under the 7th Pay Commission could lead to inflation, said the Reserve Bank of India (RBI) while announcing its third Bi-monthly Monetary Policy Statement on Wednesday. Inflation remained in the range of 2.0-3.5 per cent in the first half of this year and 3.5-4.5 per cent in the […]

New Delhi: Sooner or later, Rs 2,000 notes are likely to vanish from the market as the Reserve Bank of India (RBI) has stopped printing the currency notes and will not be bringing new notes of this denomination in the current financial year. According to sources, the RBI has also accelerated the process of printing […]

Mumbai/Bhubaneswar: The Reserve Bank of India today issued a new batch of Rs 500 denomination notes. The new notes will be circulated in the market soon while the existing Rs 500 notes will continue. Official sources of RBI said, a new batch of banknotes with inset letter “A” in both the number panels, bearing the […]

Bhubaneswar: A moving car caught fire in front of the Reserve Bank of India in the city when the driver was moving towards a tree shade to park it. However, as soon as he driver saw smoke emanating from the bonnet, he deserted the car after turning the ignition off. According to reports, the front […]

Baripada: Even as the deadline for depositing old demonetised currencies of Rs 500 and Rs 1000 is over, Jharpokharia police of Mayurbhanj is yet to exchange old cash worth Rs 2.88 lakh and continues to struggle between legal and banking norms. As per sources, the police had approached regional Reserve Bank of India (RBI) office in […]

New Delhi: The government on Friday appointed BP Kanungo as the deputy governor of the Reserve Bank of India (RBI), as the incumbent R Gandhi nears the end of his three-year term. Kanungo will take charge for a period of three years or until further orders, starting April 3, 2017, according to a statement on […]

Bhubaneswar: In a show of strength, Congress party leaders including former Home Minister Shivraj Patil today held a demonstration in front of the Reserve Bank of India (RBI) office in Bhubaneswar protesting against demonetisation and alleged that the poor and middle class sections of the society are worst-hit even after 70 days of the note […]

Bhubaneswar: Protesting against the failure to lift the weekly cash withdrawal limit of Rs. 24,000 even after two and half months have passed since demonetisation, Congress will stage a protest in front of regional office of Reserve Bank of India (RBI) in the capital city on Wednesday. Senior party leaders like former Union Minister and […]