• Tuesday, September 26, 2023
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Topic result for reserve-bank-of-india

Banks in India may operate for 5 days a week, deets inside
Banks in India may operate for 5 days a week, deets inside

Currently, banks remain open on two Saturdays in a month, the first and third. The UBFU has proposed that employees get weekly off of two days and the banks remain open for five days a week.

76% of total Rs 2,000 denomination notes in circulation returned to banks: RBI
76% of total Rs 2,000 denomination notes in circulation returned to banks: RBI

The Reserve Bank of India (RBI) on Monday said in a statement that most of these notes have returned through deposits.

  • Monday, 03 Jul 2023
  • RBI
Shaktikanta Das
RBI MPC retains repo rate at 6.5%, projects 6.5% GDP & 5.1% inflation for FY24

Das said the MPC met on June 6th, 7th and 8th.

  • Thursday, 08 Jun 2023
  • RBI
Bank holidays in June 2023: Banks to remain closed for 12 days; check out full list here
Bank holidays in June 2023: Banks to remain closed for 12 days; check out full list here

Both public sector and private sector banks do not work on Sundays and second and fourth Saturdays, as per the RBI guidelines. 

RBI Guv says gaps noticed in banks' governance
RBI Guv says gaps noticed in banks' governance

"It is necessary that boards and managements do not allow such gaps to creep in," Das said at a conference of banks' directors organised by the RBI in Mumbai.

  • Monday, 29 May 2023
  • RBI
Exchange of Rs 2000 notes begins: Customer can exchange notes multiple times a day, says SBI
Exchange of Rs 2000 notes begins: Customer can exchange notes multiple times a day, says SBI

Though banks in Odisha did not see huge footfalls of customers for the exchange on the first day, it is believed that the number may increase in the coming days. The RBI has set September 30 as the deadline for exchange of the notes. 

Odisha sees gold rush as RBI’s decision to withdraw Rs 2000 notes triggers panic buying
Odisha sees gold rush as RBI’s decision to withdraw Rs 2000 notes triggers panic buying

Jewellery shops, filling stations and other business establishments across Odisha witnessed a huge rush following the decision of the RBI with people resorting to panic buying.

New Rs 2000 notes
RBI expects return of most Rs 2,000 currency notes in circulation by Sep 30: RBI Governor

Speaking to reporters for the first time since the surprise decision to withdraw the highest denomination currency note was announced, Das said the decision was part of currency management.

  • Monday, 22 May 2023
  • RBI
RBI keeps repo rate unchanged at 6.5 pc
RBI keeps repo rate unchanged at 6.5 pc

The rate hike has been paused after six consecutive rate increases aggregating to 250 basis points since May 2022.

  • Thursday, 06 Apr 2023
  • RBI
What Indians can learn from the recent bank closures in America
What Indians can learn from the recent bank closures in America

Recent bank closures in America highlight the importance of depositing money in multiple banks, monitoring asset quality, and avoiding panic in case of a collapse.

How to claim 100 Rupees Penalty for failed transactions in bank
How to claim 100 Rupees Penalty for failed transactions in bank; know here

Learn how to claim compensation for failed transactions as per RBI guidelines with this informative guide.

RBI
RBI's 25 bps rate hike to increase home loan EMI

The RBI on Wednesday announced a 25 bps hike in repo rate to 6.5 per cent -- the rate at which RBI lends to banks -- in an attempt to reign in the inflation.

RBI's MPC to meet soon; decision of Nov 3 meeting under wraps contrary to law
RBI's MPC to meet soon; decision of Nov 3 meeting under wraps contrary to law

The proceedings of the said MPC meeting have not been made public even though the law provides to the contrary.

  • Wednesday, 30 Nov 2022
  • RBI
RBI tighten norms for loan recovery agents
RBI to launch first pilot of retail digital rupee in 4 cities including in Bhubaneswar on Dec 1

The Reserve Bank announces the launch of the first pilot for retail digital rupee (e?-R) on December 1, 2022, the central bank said in a statement on Tuesday.

Fixed Deposit
Small Finance Banks in the hunt, offer more than 8% return on FDs; check details

Ujjivan Small Finance Bank recently announced it will pay an 8 percent interest rate on its 560-day deposits for regular customers and 8.75 percent for senior citizens. With this, Ujjivan ranked among banks that offer the highest rates among SFBs at this point.

Digital Rupee From 1st November
RBI Says Digital Rupee Pilot For Wholesale Segment From November 1

The Reserve Bank of India (RBI) on Monday announced operationalisation of Digital Currency- Wholesale (e₹-W) Pilot. As per official sources, the Central Bank will commence pilot launches of Digital Rupee (e₹) for the wholesale segment (e₹-W) on November 1, 2022.

Photos of Lakshmi & Lord Ganesh? 'Only Gandhiji on Indian currency notes', ruled RBI in 2010
Photos of Lakshmi & Lord Ganesh? 'Only Gandhiji on Indian currency notes', ruled RBI in 2010

The Reserve Bank of India (RBI) and the Centre had already put a lid on the issue way back in 2010.

Credit Cards
New credit card rules from 1 October, and how they affect you

You will benefit from the three new rules implemented by the Reserve Bank of India (RBI) for improving the payment options for cardholders. Now that the RBI rules have been implemented, the safety standards have increased even further for the cardholders.

RBI
RBI expended about $80bn or 15% of reserves moderating rupee fall

The RBI has expended around $80 billion -- about 15 per cent of reserves -- moderating the rupee fall and that was the apt policy choice then.

RBI
RBI restrains Mahindra Finance from using recovery agents after accident

The Reserve Bank of India (RBI) on Thursday directed Mahindra & Mahindra Services Ltd, Mumbai (MMFSL), to immediately cease carrying out any recovery or repossession activity through outsourcing arrangements, till further orders.