Tag: RBI
Despite fall, GDP will bounce back sharply: RBI Governor
Reserve Bank of India (RBI) Governor Urjit Patel on Friday said India’s economic growth will make a “sharp V” recovery following the recall of old INR 500 and 1,000 currency notes. Patel also made a strong case for continuing with globalisation even in the face of a potential shift to[Read More…]
Remonetisation process almost complete: Jaitley
Weekly withdrawal limit to rise to 50K
RBI keeps lending rate unchanged at 6.25%
RBI to set up panel on cyber security
No positive impact of demonetisation on economy: Shashi Tharoor
Jaitley to address RBI, Sebi boards on Feb 11
RBI saved rupee from being unstable says NITI
RBI to launch new Rs. 100 currency note soon
The Reserve Bank on Thursday said it will soon put into circulation new Rs. 100 denomination notes in market. New Rs 100 notes will be similar to the design of the ones in Mahatma Gandhi Series-2005. “The Reserve Bank will shortly issue Rs 100 denomination banknotes in the Mahatma Gandhi[Read More…]
RBI may soon lift weekly withdrawal limit
RBI removes cash withdrawal limits from ATMs
RBI rejects EC’s proposal to hoist cash withdrawl limits
The Reserve Bank of India has rejected the Election Commission’s proposal to increase the weekly withdrawal limit for those contesting the Assembly elections. There will be no change in the withdrawal limit till March 11, when the poll results would be declared. Currently, ATM withdrawal limit stands at Rs 10,000 a[Read More…]
RBI rejects EC’s plea for raising withdrawal limit for candidates
Demonetisation done despite RBI concerns
‘RBI is awfully short of cash’ says former SBI chairperson Pratip Chaudhuri
In an exclusive interview to Firstpost, Pratip Chaudhuri, the former chairman of SBI claimed that The Reserve Bank of India (RBI) has been “lying on the face” to the public about the cash situation of India. As per Firspost reports, Chaudhuri said, the central bank should have been more honest[Read More…]
Demonetisation briefing: Manmohan Singh saved Patel from grilling by MPs
Former Prime Minister Manmohan Singh saved RBI Governor Urjit Patel on Wednesday from the possible grilling by a parliamentary committee over the demonetisation issue. While Patel was struggling with the tough questions by MPs, Singh intervened and said that the central bank and the Governor’s position as an institution should[Read More…]
Much reprieve! RBI raises ATM withdrawal limit to Rs. 10,000 per day
In a major relief to the citizens, the Reserve Bank of India on Monday increased the daily limit for ATM withdrawals from Rs. 4,500 which has been in place for a few weeks now. The weekly withdrawal limit for current accounts had been increased from Rs. 50,000 to Rs. 1[Read More…]
Government respects RBI’s independence and autonomy: Finance Ministry
The Finance Ministry on Saturday said that it fully respects the autonomy of the Reserve Bank of India. “It is categorically stated that the government fully respects the independence and autonomy of the Reserve Bank of India (RBI),” Finance Ministry said in a statement. “Consultations between the government and the[Read More…]
Rs 14 lakh crore in old notes deposited and only Rs 75,000 crore out
According to Indian Express, an information available to the Reserve Bank of India (RBI) says that post demonetisation about ₹ 14 lakh crore in demonetised currency have been deposited with banks, so far. Which is also an indication that the notes that got extinguished was much lower than expected. However[Read More…]
RBI to soon release a specific number of scrapped notes
RBI today said it is squaring invalid currency with physical cash balance and will soon release a specific number, eliminating accounting errors/ possible double counts. The Reserve Banks clarifies that the ban of old Rs 500/1,000 comes in justification with several reports estimating that over 95 per cent of the[Read More…]
MP farmers get ‘original’ Rs 2,000 notes without Mahatma Gandhi’s image
Farmers from a Madhya Pradesh were literally shocked when they received newly printed Rs 2,000 notes without Mahatma Gandhi’s image on it. According to a Times of India report, farmers from a remote village in Madhya Pradesh’s Sheopur district received newly printed Rs 2,000 notes without the image of Gandhi from[Read More…]
Demonetisation chaos: Woman becomes topless at RBI gate
A woman, who was unable to get a few junked currency notes exchange, became topless in front of RBI regional office. Women along with her kid arrived in the bank to exchange junked currency notes on Wednesday, allegedly turned away by guards after repeated requests. In protest, she sat in[Read More…]
Paytm receives RBI’s final approval to launch payments bank
Paytm Payments Bank Ltd, an entity majority owned by One97 Communication founder Vijay Shekhar Sharma on Tuesday received the final approval from the Reserve Bank of India to launch. Paytm is now expecting to finally roll out the payments bank within the next 30-60 days. Paytm, which is likely to[Read More…]
RBI increases cash withdrawal limit to Rs 4500 from Jan 1
The central bank of India RBI has decided to escalate the cash withdrawal cap from ATMs to Rs 4,500 per day from the present Rs 2,500 from January 1. However, there is no alteration in the weekly withdrawal limits that stays at Rs 24,000. “On a review of the position,[Read More…]