RBI Archives - Page 4 of 14

The economic data due up from the US, Europe and China, and the policy announcements due very soon would determine the trajectory of markets

Investors await RBI monetary policy in the coming week

PGurus Newsdesk - August 6, 2023 0

Market outlook: Investors in a wait-and-watch mode ahead of RBI MPC meet Investors are awaiting the upcoming MPC meeting, where the RBI is expected to...

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 - July 6, 2023 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...

Most of the Rs.2000 notes have returned through deposits, says RBI

Banking

76% of total Rs.2000 denomination notes in circulation returned to banks:...

PGurus Newsdesk - July 4, 2023 0

RBI says 76% of Rs.2000 notes, worth Rs.2.72 lakh cr, received by banks since May 19 The Reserve Bank of India (RBI) has said that...

In case of loss of property documents, the bank will be obligated to assist in obtaining certified registered copies of documents at their cost but also compensate the customer adequately

Banking

RBI may slap penalties on banks that lose property papers of...

PGurus Newsdesk - June 11, 2023 0

RBI panel suggests penalty for home loan providers on loss of borrowers' documents If the Reserve Bank of India (RBI) accepts the recommendations of a...

Earlier, the high court dismissed a plea challenging the RBI and SBI notifications, that permits exchange of the withdrawn Rs 2000 notes without any identity proof

Law and Order

Supreme Court refuses urgent hearing on plea against HC order on...

PGurus Newsdesk - June 1, 2023 0

Urgent hearing on a plea against exchange of Rs.2000 notes rejected bt SC On Thursday the Supreme Court declined an urgent hearing on a plea...

On May 19, the RBI said it will withdraw all the Rs.2000 banknotes as a part of its clean note policy and added that it will continue to be a legal tender

Banking

RBI Governor says most Rs.2000 notes will come back from circulation...

PGurus Newsdesk - May 22, 2023 0

No need to rush to exchange Rs.2000 notes, Sept 30 deadline to ensure the exercise is taken seriously: RBI Guv Shaktikanta Das, RBI Governor said,...

Banking

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

PGurus Newsdesk - May 16, 2023 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...

India's foreign currency assets, the biggest component of the forex reserves, rose by $4.99 billion to $519.48 billion

Finance

India’s foreign exchange reserves surge to $588.78 billion

PGurus Newsdesk - May 6, 2023 0

India's forex reserves rise to 10-month high According to Reserve Bank of India (RBI) data released, India's foreign exchange reserves increased marginally by $4.53 billion...

The old pension regime is not fiscally sustainable as it is not contributory in nature and the burden on the exchequer keeps on mounting

Finance

RBI cautions on Old Pension Scheme, says it may add to...

PGurus Newsdesk - May 6, 2023 1

Why has RBI non-BJP-ruled warned states against the old pension scheme? Even as several non-BJP-ruled states like Rajasthan, Chhattisgarh, Himachal Pradesh, Punjab, and Jharkhand have...

Finance

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

PGurus Newsdesk - December 11, 2022 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...