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.
The Reserve Bank of India (RBI) is ready to bring its card-on-file tokenisation norms into effect from October 1 after various complaints were filed regarding the misuse of debit or credit cards.
The RBI mentioned that cryptocurrencies are not a currency because every modern currency needs to be issued by the central bank or the government, she said.
The board also discussed the working of RBI during the year April 2021 March 2022 and approved the annual report and accounts for the accounting year 2021-22, the statement said.
According to analysts, a likely intervention by the Reserve Bank of India to arrest the sharp fall in rupee value against the US dollar depleted the reserve.
The RBI accepted the recommendation that no changes be made to the extant instructions related to the initial lock-in requirements of holding a minimum 40 per cent of the paid-up voting equity share capital of the bank for the first five years but said no cap on the promoters holding during the same period.
FCAs declined by USD 3.365 billion to USD 573.009 billion.
Under the G-sec Acquisition Programme (G-SAP 2.0), the Reserve Bank will conduct open market purchase of government securities of Rs 25,000 crore on August 26
RBI has decided to charge penalties on banks for non-availability of cash in ATMs
Bhubaneswar: The Odisha Congress has decided to stage demonstration in front of the Reserve Bank of India (RBI) office building as part of its nation-wide protest on the second anniversary of demonetisation tomorrow. Slamming the Centre, the Congress alleged the BJP government at the Centre has ruined the economy of the country through demonetisation. Besides, […]
By Surya Narayan Pradhan Bhubaneswar: With the approval from the Reserve Bank of India (RBI) to e-commerce and payment system company Paytm to start payments bank services in the beginning of 2017 followed by the launch of Airtel Payments Bank services across the country, the Indian financial ecosystem is ready to offer its citizens a […]
Cuttack: People as well as several traders in Salepur, Mahanga and Nischintakoili areas of Cuttack district are now left in lurch following rumours that Re 1 coin has been declared invalid by the Reserve Bank of India. Situation is such that many including banks are allegedly not accepting the coins citing lack of adequate chest […]
Of the many things that demonetization has banished, a prominent and worrying one has been the credibility of Reserve Bank of India (RBI). For its management, its execution, its information sharing, its transparency, its rule making or the lack of them, the apex bank as an institution has received flak. The recent news of RBI […]
The Reserve Bank of India had released a recruitment notification for all those bank job aspirants for the position of Officers in Grade ‘C’ on contract basis. Interested and eligible candidates must apply for the positions today, January 8, 2019, as it’s the last day of form submission. Candidates who want to be a part […]
Tomorrow is the last date to apply for over 270 candidates who wish to be a part of the Reserve Bank of India (RBI). The apex court had earlier invited application from interested and eligible candidates for the positions of Security Guard. The last date of form submission is November 30, 2018. Here’s detail of […]
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