Saturday, Dec 03, 2022

Reserve Bank of India


No plans to introduce Rs 1,000 notes, clarifies Shaktikanta Das

February 22, 2017 11:04 am

After the Centre announced the move to demonetise old currency notes of Rs 500 and Rs 1,000 to flush out black money from the economy, the government had introduced new Rs 500 and Rs 2000 notes with higher security features.

Reserve Bank of India to set up panel to strengthen cyber security infrastructure

February 08, 2017 5:18 pm

The RBI decided to set up an inter-disciplinary panel on cyber security to examine various threats and suggest measures to deal with it.

RBI: No limits on cash withdrawals through ATMs from February 1

January 30, 2017 5:26 pm

The RBI, however, maintained that banks at their discretion can have their own operating limits.

Increase weekly withdrawal limit to Rs 2 lakh for candidates contesting polls: EC to RBI

January 25, 2017 8:34 pm

According to the EC website, a candidate contesting for an assembly seat from bigger states, such as Uttar Pradesh, must not exceed Rs 16 lakh towards campaign expenses.

RBI Governor Urjit Patel to Parl panel: Rs 9.2 lakh cr in new currency introduced

January 18, 2017 5:42 pm

The RBI Governor is also scheduled to appear before the Public Accounts Committee of Parliament on the same issue on January 20.

Govt suspects tax evasion in deposits of Rs 3-4 lakh crore in banks post note ban

January 10, 2017 1:10 pm

It has come to light that Rs 25,000 cr cash was deposited in dormant bank accounts while nearly Rs 80,000 cr of repayment of loans was done in cash since November 8, 2016 when the government demonetised old 500 and 1000 rupee notes.

RBI asks banks to supply 40 per cent of notes to rural areas

January 03, 2017 3:23 pm

The directive came just a couple of days after PM Modi in his address to the nation on the eve of new year exhorted banks to make efforts to restore normalcy as fast as possible and should focus on rural areas.

Avoid excessive regulation to contain black money: RBI report

December 29, 2016 8:58 pm

"The best way to contain shadow economy is to improve governance and quality of public services, avoid excessive regulations, impose stringent penalties and have a compatible tax structure," said RBI.

Now use MobiKwik to pay utility and convenience bills

December 29, 2016 7:18 pm

MobiKwik has got in-principle approval from the Reserve Bank of India (RBI) to set up a Bharat Bill Payments Operating Unit (BBPOU).

Demonetisation, GST to transform India, NPAs key risk: RBI

December 29, 2016 6:16 pm

Patel said that enhanced transparency has helped in reinforcing the stability of India's financial system.


Farmers' plight should "shake the conscience" of the banking sector : PM Narendra Modi

April 02, 2015 5:16 pm

PM Narendra Modi complimented RBI Governor Raghuram Rajan for his grasp and clarity on economic issues.