Reserve Bank of India Archives - Page 13 of 24

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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

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...

The payment of royalties was nothing more than a means of sending money out of India therefore it is

Fraud

Xiaomi India CFO, former MD, 3 foreign banks get ED notice...

PGurus Newsdesk - June 10, 2023 0

ED's action on Xiaomi India over FEMA violation The Enforcement Directorate (ED) has said that it has issued a show-cause notice to Xiaomi India, its...

RBI has marginally lowered the CPI inflation projection for FY24 to 5.1 percent, it has emphasized on the inflationary risks

Banking

RBI-MPC won’t cut repo rate anytime soon, not before US Federal...

PGurus Newsdesk - June 8, 2023 0

MPC opts for hawkish pause, focused on 4% inflation target Reacting to RBI's Monetary Policy Committee (MPC) to maintain the status quo as regards the...

According to the RBI's release, the central bank has invited feedback from the shareholders on the same

Banking

RBI issues draft directions on cyber resilience, digital payment security controls...

PGurus Newsdesk - June 2, 2023 0

RBI issues draft directions for safe and secure transactions On Friday the Reserve Bank of India (RBI) issued a draft master directions on cyber resilience...

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 - May 29, 2023 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...

Law and Order

Fresh PIL in Delhi HC against RBI decision to withdraw Rs.2000...

PGurus Newsdesk - May 25, 2023 1

Another PIL in Delhi HC against the withdrawal of Rs.2000 note A fresh Public Interest Litigation (PIL) has been filed in the Delhi High Court...

In its announcement on Friday evening, the RBI said that it will withdraw the Rs 2,000 denomination banknote from circulation but it will continue as legal tender

Politics

Twitter war erupts between Mamata-Amit Malviya over phasing out of Rs.2000...

PGurus Newsdesk - May 20, 2023 1

Amit Malviya takes on Mamata over her tweet on the withdraw of Rs.2000 banknotes by RBI West Bengal Chief Minister Mamata Banerjee and in-charge of...

About 89 percent of the 2,000 denomination banknotes were issued prior to March 2017 and are at the end of their estimated life-span of 4-5 years

Banking

RBI withdraws Rs.2000 notes from circulation; to continue as legal tender

PGurus Newsdesk - May 19, 2023 0

RBI makes a big announcement regarding Rs.2000 currency notes On Friday the Reserve Bank of India (RBI) said it will withdraw the Rs.2000 denomination banknote...

IMF had projected India's GDP to grow at 5.9% in the current fiscal while the World Bank pegged it at 6.3%

Economy

India’s growth to hold at 5.8%; will be fastest growing major...

PGurus Newsdesk - May 17, 2023 0

India continues to be ‘the bright spot’ in the world economy with ‘many positives’, the inflation has come down significantly On Tuesday the UN said...