Tag: Reserve Bank Of India

RBI says linking bank account with Aadhaar not mandatory

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 […]

  • Friday, 23 July 2021
RBI Assistant 2017 Recruitment Notification out! Get details

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 […]

  • Friday, 23 July 2021
RBI to introduce new Rs 1000 note by December

New Delhi/Bhubaneswar: The Rs 1000 currency note, which was demonetised on November 8 last year, will be relaunched by the Reserve Bank of India (RBI) in a new avatar soon. The new note with enhanced security features could be out as early as December 2017, according to DNA sources. The printing presses of RBI at […]

  • Friday, 23 July 2021
RBI to introduce Rs 200 notes tomorrow

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 […]

  • Thursday, 22 July 2021
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7th Pay Commission: HRA implementation to ‘impact inflation’

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 […]

  • Thursday, 22 July 2021
Rs 2000 notes likely to disappear from market as RBI stops printing

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 […]

  • Thursday, 22 July 2021
RBI issues new Rs 500 notes

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 […]

  • Thursday, 22 July 2021
CONGRESS PROTEST
Congress blasts Modi govt over demonetisation

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 […]

  • Wednesday, 21 July 2021
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Demonetisation crisis: Odisha seeks PM’s intervention

Bhubaneswar: Taking note of the difficulties in crop loan dispensation, payment of paddy procurement proceeds and day-to-day functioning of Primary Agriculture Cooperative Societies (PACS) in the state due to demonetisation, the Odisha government has urged the Prime Minister for his urgent intervention. In a letter to Prime Minister Narendra Modi today, chief minister Naveen Patnaik […]

  • Tuesday, 20 July 2021
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Rs 500 notes to be available in twin city in second half tomorrow

Bhubaneswar: With the prevalence of currency notes shortage after eight days of announcement of ban on Rs 500 and Rs 1,000 across the country, the Reserve Bank of India office here today said new Rs 500 notes introduced by the Central government will be available at the selected branches of nationalised banks in Bhubaneswar and […]

  • Tuesday, 20 July 2021
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Demonetisation: Odisha seeks mobile banking services in unbanked GPs

Bhubaneswar: In the wake of the recent demonetisation of Rs, 500 and Rs 1000 currency notes, the Odisha government has urged the Centre to provide mobile banking services in unbanked Gram Panchayats (GPs) with immediate effect. In a letter to Union Finance minister Arun Jaitley today, Chief Minister Naveen Patnaik said out of 6238 Gram […]

  • Tuesday, 20 July 2021
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Banks asked to relax withdrawal norms for customers holding pension a/c

Bhubaneswar: The Reserve Bank of India (RBI) has directed the banks to allow customers having accounts to get pension or any social security benefit money to withdraw beyond the set limit of Rs 10,000 cash on a single day and Rs 20,000 in a week. Talking to newsmen here today, RBI General Manager Sarada Prasanna […]

  • Tuesday, 20 July 2021
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RBI cautions government over NPA spike in MUDRA loans

New Delhi: The Reserve Bank of India (RBI) has raised a red-flag on the spike in non-performing assets (NPAs) under the government’s flagship scheme to support micro enterprises in the country — the Pradhan Mantri Mudra Yojana. According to Finance Ministry sources, RBI has cautioned the ministry that the scheme might turn-out to be the […]

  • Friday, 09 July 2021
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India's forex reserves up $2.68 bn

Mumbai: India’s foreign exchange (forex) reserves rose by $2.68 billion during the week ended January 4, official data showed on Friday. According to the Reserve Bank of India (RBI)’s weekly statistical supplement, the overall forex reserves increased to $396.08 billion from $393.40 billion reported for the week ended December 28. India’s forex reserves comprise Foreign […]

  • Friday, 09 July 2021
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Yes Bank shortlists candidates for posts of MD & CEO

Mumbai: Yes Bank will submit names of the potential candidates for its Managing Director and Chief Executive post to the Reserve Bank of India (RBI) on Thursday. The bank in a regulatory filing after its Board meeting on Wednesday said that it has finalised the names which it will disclose only after RBI’s approval. According […]

  • Friday, 09 July 2021
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