Tag: RBI latest news

Economy Recovering From Slowdown Witnessed In 2nd Quarter: RBI Bulletin

December 24, 2024 admin

Mumbai: The Indian economy is recovering from the slowdown in momentum witnessed in the September quarter, driven by strong festival activity and a sustained upswing in rural demand, according to a Reserve Bank of India (RBI) bulletin released on Tuesday. An article on the ‘State of the Economy’ in the December bulletin noted that the…

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RBI Directs Banks To Activate Frozen Accounts With Special Campaigns

December 3, 2024 admin

Unclaimed deposits in banks saw a significant increase of 26 per cent year-on-year (Representational) Mumbai: The Reserve Bank of India (RBI) has directed banks to take immediate steps to reduce the number of inoperative or frozen accounts and to make the activation process smoother and more hassle-free. To achieve this, the RBI has advised banks…

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₹2,000 notes worth ₹3.43 lakh crore have come back: RBI Governor

October 6, 2023 admin

On May 19, 2023, the RBI announced its intent to withdraw the ₹2,000 notes introduced in 2016 for quick remonetisation. File | Photo Credit: The Hindu Governor Shaktikanta Das on October 6 said ₹3.43 lakh crore of ₹2,000 denomination notes have come back to the system so far, and reminded the public that they can…

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