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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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RBI governor Shaktikanta Das. File | Photo Credit: ANI With a view to strengthen customer grievance redressal system, RBI governor Shaktikanta Das on October 6 said the Central bank decided to effect certain changes and also consolidate and harmonise the Internal Ombudsman guidelines into a single master direction. “This will further strengthen the customer grievance…
The RBI’s decision will be influenced by several factors New Delhi: The Reserve Bank of India (RBI) will on Friday announce its bimonthly monetary policy statement which is closely watched by financial market participants. The statement by RBI Governor Shaktikanta Das on Friday morning will be followed by a press conference. The three-day bi-monthly monetary…
Read More “RBI To Release Monetary Policy Statement Today, Pause In Repo Rate Likely” »
After September 30, the Rs 2,000 notes can only be exchanged with the RBI. The last day for returning or exchanging Rs 2,000 denomination banknote is today. According to the Reserve Bank of India (RBI), from October 1, the Rs 2,000 currency note will cease to have its value and will be just another piece…
Read More “Last Date To Exchange Rs 2,000 Note Today. Will Banknotes Be Valid After Deadline?” »
Rajeshwar Rao was elevated as the RBI executive director in November 2016. New Delhi: The government on Monday extended the term of RBI Deputy Governor M Rajeshwar Rao for a period of one year, according to sources. The Appointments Committee of the Cabinet has approved the re-appointment of M Rajeshwar Rao, Deputy Governor Reserve Bank…
Read More “Centre Approves One-Year Extension To RBI Deputy Governor Rajeshwar Rao” »
Ganesh Chaturthi 2023: Banks will remain closed for two days- September 18 and 19. Banks will remain closed for two days — September 18 and 19 — in some parts of the country for Ganesh Chaturthi. This year, the 10-day-long Ganesh Utsav will be observed from September 19 to September 28. Ahead of the festival,…
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Regulated Entities would compensate borrower at the rate of Rs 5,000 for each day of delay Mumbai: The Reserve Bank on Wednesday directed banks and financial institutions to release all original movable or immovable property documents and remove charges registered with any registry within 30 days after full repayment of a loan by the borrower….
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As per the latest RBI’s directive, the borrower will be given the option of collecting the original movable / immovable property documents either from the branch where the loan account was serviced or from any other office of the RE where the documents are available. The Reserve Bank of India (RBI) has issued directions to…
As per the latest RBI’s directive, the borrower will be given the option of collecting the original movable / immovable property documents either from the branch where the loan account was serviced or from any other office of the RE where the documents are available. The Reserve Bank of India (RBI) has issued directions to…
T.V. Somanathan, Finance Secretary. File. | Photo Credit: KAMAL NARANG The government is expected to constitute the 16th Finance Commission by end of November, Finance Secretary T V Somanathan said. Finance Commission is a constitutional body that gives suggestions on Centre-State financial relations. It suggests, among other things, the ratio in which tax is to…
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