Tag: Reserve Bank Of India

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 […]

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 […]

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 […]

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 […]

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 […]

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 […]

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 […]

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 […]

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 […]

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 […]

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 […]

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 […]

Mumbai: The Reserve Bank of India (RBI) on Tuesday appointed Infosys co-founder Nandan Nilekani as the Chairman of a five-member committee to accelerate digitisation of the economy and boost financial inclusion. The committee will submit its report within 90 days from the date of its first meeting. “With a view to encouraging digitisation of payments […]

Mumbai: India’s foreign exchange (forex) reserves depleted by $613.9 million during the week ended December 14, official data showed on Friday. According to the Reserve Bank of India (RBI)’s weekly statistical supplement, the overall forex reserves decreased to $393.12 billion from $393.73 billion reported for the week ended December 7. India’s forex reserves comprise foreign […]

New Delhi: The Reserve Bank of India (RBI) Governor Urjit Patel resigned from his post on Monday with immediate effect, citing “personal reasons”, setting of a major crisis in India’s politico-economic sphere. Patel’s resignation comes in the backdrop of the ongoing tiff between the government and the central bank over the liquidity and credit crunch […]