Tag: Rbi

Rs 2000 note exchange for commission continues unabated in Bhubaneswar RBI!
Rs 2000 note exchange for commission continues unabated in Bhubaneswar RBI!

What was surprising today was that some agents were seen openly distributing notes to the people for exchange. Several people standing in the queue admitted that the pink notes they were exchanging did not belong to them

  • Thursday, 02 November 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
Long queue at RBI Bhubaneswar to exchange Rs 2000 notes
Black or white? People getting paid to exchange Rs 2000 notes at RBI Bhubaneswar

Sources said that ‘some people’ are paying Rs 300 to those who are standing in queues to get Rs 2000 notes up to Rs 20,000 exchanged for them.

  • Tuesday, 31 October 2023
RBI rolls out new rules to give customers of Credit Institutions a fair deal
RBI rolls out new rules to give customers of Credit Institutions a fair deal

The move comes as part of the RBI’s move to put "a comprehensive framework in place for strengthening and improving the efficacy of the grievance redress mechanism and customer service provided by the Credit Institutions (CIs) and Credit Information Companies (CICs)".

  • Thursday, 26 October 2023
Currency exchange mela in Bhubaneswar
Banknote exchange mela organised after high drama in front of RBI in Bhubaneswar

Apart from this, the RBI has also constituted squads who undertake surprise visits to banks and check whether they are accepting torn and soiled notes and getting them exchanged.

  • Friday, 13 October 2023
Customers throw banknotes in air at RBI office in Bhubaneswar
Irate customers throw torn banknotes in air at RBI office in Bhubaneswar

The customers had brought those currency notes to exchange them in the RBI office. However, they threw those notes out of frustration after the authorities of the bank refused to exchange those notes.

  • Wednesday, 11 October 2023
RBI Governor Shaktikanta Das
RBI retains repo rate; GDP growth at 6.5%, inflation at 5.4%

RBI Governor Shaktikanta Das said on Friday that the committee unanimously decided to keep the repo rate at 6.5 per cent.

  • Friday, 06 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
Reserve Bank of India
RBI proposes 6-month deadline for banks to identify wilful defaulters

The RBI identifies 'wilful defaulters' as those who have the ability to pay a bank's dues but do not or divert bank funds. The RBI did not earlier have a specific timeline within which such borrowers had to be identified.

  • Thursday, 21 September 2023
UPI Lite X
How to use UPI Lite X for offline payments in India, know here

India leads in UPI usage. RBI's UPI Lite X enhances offline payments, allowing transactions in remote areas. NFC-based, Rs 4,000 daily limit.

  • Monday, 11 September 2023
RBI to highlight digital payments infrastructure at G20 summit
RBI to highlight digital payments infrastructure at G20 summit

According to RBI sources, the RBI exhibition pavilion at the G20 summit will put up five major items for display, including the Public Tech Platform (PTP) for frictionless credit.

  • Tuesday, 05 September 2023
Monetary policy has to be forward looking, says RBI Governor
Monetary policy has to be forward looking, says RBI Governor

Das, who gave the analogy of car driving while delivering the Delhi School of Economics Diamond Jubilee Distinguished lecture, said that the conduct of monetary policy is like driving a car on the road with potential ditches and speed bumps.

  • Tuesday, 05 September 2023
Financial Stability and Development Council resolves to remain vigilant against fiscal vulnerabiliti
Financial Stability and Development Council resolves to remain vigilant against fiscal vulnerabilities

It resolved to remain vigilant against any build-up in vulnerabilities in all segments of the Indian financial system as well as in the broader economy.

  • Monday, 28 August 2023
reserve bank
RBI bars banks from levying penal interest, allows them to impose "reasonable" penal charges

The banks and other lending institutions will not be allowed to levy penal interest with effect from January 1, 2024, the RBI said in its notification on 'Fair Lending Practice-Penal Charges in Loan Accounts'.

  • Friday, 18 August 2023
RBI launches website to help locate unclaimed deposits across multiple banks
RBI launches website to help locate unclaimed deposits across multiple banks

The launch of the web portal will aid users to identify their unclaimed deposits and accounts and enable them to either claim the deposit amount or make their deposit accounts operative at their respective banks, a statement issued by RBI said. 

  • Thursday, 17 August 2023
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