Tag: Rbi

Bhubaneswar: The real-time gross settlement (RTGS) payment system will be available round the clock from December 14, the Reserve Bank Of India (RBI) said on Friday. The RTGS System, which is used for high value transactions, will be available for customers and inter-bank transactions round the clock, except for the interval between ‘end-of-day’ and ‘start-of-day’ […]

Bhubaneswar: The Reserve Bank of India (RBI) on Friday cautioned people not to fall prey to companies/ firms offering loans online or through mobile apps. In a statement, the RBI has advised people to be remain alert regarding such unscrupulous activities and verify the antecedents of such companies. According to RBI, legitimate public lending activities […]

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…

Bhubaneswar: Following reports in a sections of media that the old banknotes of Rs 100, 10 and 5 denoinations would be demonetised by March-April, the Reserve Bank of India (RBI) on Monday issued an official statement. The Reserve Bank of India categorically termed such reports as ‘incorrect.’ In a tweet, the RBI said, “With regard […]

Bhubaneswar: The social media was recently abuzz with news regarding withdrawal of old banknotes in the denominations of Rs 100, 10 and 5. The Reserve Bank of India (RBI) was quick to issue a statement and termed such news as ‘incorrect.’ Now a message post (e-mail) is doing rounds on several social media platforms about […]

Mumbai: Reserve Bank of India (RBI) on Friday decided to leave benchmark interest rate unchanged at 4 per cent but maintained an accommodative stance, implying rate cuts in the future if need arises to support the economy hit by the COVID-19 pandemic. The benchmark repurchase (repo) rate has been left unchanged at 4 per cent, […]

Mumbai: In a major move aimed at encouraging small investors to become direct investors in government bonds or stated simply to an infinite source of lending to the government, the Reserve Bank on Friday said it will allow them to directly buy government debt, making India the first Asian country to do so and among […]

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 […]

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 […]

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 […]

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 […]

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 […]

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 […]

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 […]

Bhubaneswar: The Real Time Gross Settlement System (RTGS) will be available round the clock on all days from December 14. The Reserve Bank Of India (RBI) Governor Shakti Kant Das informed that, “RTGS facility becomes operational 24X7 from 12.30 pm tonight. Congratulations to the teams from RBI, IFTAS and the service partners who made this […]