Fri, Oct 13, 2023
A penalty of Rs 64 lakh has been slapped on private sector RBL Bank Ltd for non-compliance with certain directions of the RBI (Prior approval for acquisition of shares or voting rights in private sector banks) Directions, 2015, the central bank said in another statement.
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Fri, Oct 06, 2023
The Central Bank left its key interest rate unchanged as inflation remains a major risk, and signalled it would keep liquidity tight using bond sales to bring prices closer to target.
Thu, Oct 05, 2023
The RBI said on Thursday that the search facility for 30 bankshas been made available on the portal on September 28, 2023, which covers around 90 per cent of such unclaimed deposits (in value terms) in Depositor Education and Awareness (DEA) Fund.
Thu, Sep 28, 2023
Increase in reserve assets, at USD 16.6 billion, was the largest contributor to the rise in Indian residents' foreign assets during the April-June period, followed by direct investment, loans and trade credit, as per the data on India's international investment position' for June-end.
Sat, May 20, 2023
Rs 2,000 banknotes withdrawn: Rs 2,000 denomination banknote was introduced in November 2016 under Section 24(1) of RBI Act, 1934 primarily to meet the immediate currency requirement of the economy after the withdrawal of the legal tender status of all Rs 500 and Rs 1,000 banknotes in circulation at that time.
Wed, Oct 26, 2022
Goddess Lakshmi, Lord Ganesh photos on India's currency notes: Delhi chief minister also cited the example of Indonesia, a Muslim nation, that has a picture of Ganesha on its currency note.
Mon, Jun 06, 2022
The Reserve Bank of India (RBI) announced that there will be no change in the existing currency notes. The bank clarified that it is not contemplating any change in currency and banknotes by replacing the face of Mahatma Gandhi with the face of others.
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