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People can avail the facility of sending the Rs.2000 banknotes through post offices of India Post
Banking

Total value of Rs.2000 notes in circulation drop to Rs.0.1 lakh...

PGurus Newsdesk - 0
RBI reveals over 97% of Rs.2000 notes returned, Rs.10,000 cr worth notes still in circulation The Reserve Bank of India (RBI) has said that the...
When the burst is recognized publicly due to the failure of some large banks in the weeks ahead, it will be described as a black swan event that could not have been foreseencognized publicly due to the failure of some large banks in the weeks ahead, it will be described as a black swan event that could not have been foreseen
Economy

2008 Redux? YES and NO

Shanmuganathan Nagasundaram - 2
Collapse of US HB2.0 underway The US housing bubble 2.0 collapse is actually underway as we speak. Most banks are already internally realizing the same,...
Card issuers and card networks shall ensure that they would follow the existing agreements at the time of amendment or renewal
Banking

RBI issues draft circular on issuance of debit, credit cards and...

PGurus Newsdesk - 0
RBI's draft norms allow customers to switch card networks The Reserve Bank of India (RBI) on Wednesday issued a draft circular on the issuance of...
Customer service, customer conduct and ethical employee behavior are key in banks, banks' boards should pay close attention to these aspects, says RBI Dy governor
Banking

Apt time to address gaps in governance framework of banks: RBI...

PGurus Newsdesk - 1
Indian banking sector at this juncture is sound, resilient, and financially healthy says RBI deputy governor Time is perhaps right to address gaps in governance...
Addressing bankers on the occasion, Das said that it is the joint responsibility of the chairmen of the banks' board and the directors to ensure robust governance
Banking

RBI Governor says despite guidelines issued, gaps noticed in the governance...

PGurus Newsdesk - 0
RBI Governor flags issues with the governance of certain banks On Monday Reserve Bank of India (RBI) Governor Shaktikanta Das said the central bank has...
Sound policies of RBI, adherence to international regulatory norms provide Indian banking system the resilience to face the bolt of the turbulent Western winds
Banking

Amid looming global banking crisis, Indian banking system shown impressive resilience

PGurus Newsdesk - 1
India is well-positioned to tackle the impact of the current US banking crisis and interest rate hikes: CRISIL report Amid the collapse of US-based tech...
The top court emphasized the importance of the principles of natural justice while classifying an account as fraudulent by banks
Banking

SC directs banks to grant opportunity of hearing to borrowers before...

PGurus Newsdesk - 0
Can't declare a borrower 'fraud' without hearing him first: SC tells RBI On Monday, the Supreme Court of India said borrowers must be accorded a...
The meeting, which will mark the start of discussions on the finance track agenda under the Indian G20 Presidency, will be hosted jointly by the Ministry of Finance and RBI
Finance

The first finance & central bank deputies meeting under India’s G20...

PGurus Newsdesk - 2
G20 Finance Track to kickstart from Dec 13; infra development, sustainable finance among agenda The first meeting of the Finance and Central Bank Deputies under...
FM Nirmala Sitharaman announced in her budget speech in February that the RBI would come up with a CBDC during the current fiscal
Banking

RBI’s digital currency platform may help enforce black money regulations

PGurus Newsdesk - 0
RBI to take a graded approach on CBDC, in line with monetary policy The proposed Central Bank Digital Currency (CBDC) platform is expected to generate...
In the entire 8-minute monologue of Powell, there was not a single mention of Quantitative Tightening or a reduction of the Fed balance sheet
Economy

Can Powell climb out of the Jackson Hole?

Shanmuganathan Nagasundaram - 3
US Fed reiterates its focus only on price stability In his recent speech at Jackson Hole (given below), Jerome Powell reiterated the overarching commitment of...
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