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2.51 pc of Rs 2,000 notes in circulation till June end: MoS Finance in Lok
Updated : 2 years, 11 months ago IST
On May 19, the RBI decided to withdraw the Rs 2000 denomination banknotes from circulation but said it would continue to remain as legal tender. However, RBI has advised banks to stop issuing such banknotes with immediate effect.
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Earn Better Returns with High Interest Rate Fixed Deposits on Bajaj Market
Updated : 2 years, 11 months ago IST
Pune (Maharashtra) [India], July 24: The Reserve Bank of India (RBI) has been periodically revising its repo rates by going on a ‘rate-hike’ spree, which began in May 2022. This has, in turn, resulted in an uptick in lending rates and Fixed Deposit (FD) interest offerings.
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Rupee, Dirham mechanism is a paradigm shift in making trade settlements: I
Updated : 2 years, 11 months ago IST
“Now, just like that, the Rupee-Dirham mechanism which we have just signed, is the first one for both of us. In that sense, it's extremely significant. I actually see it as a paradigm shift in how we can make trade settlements”, he added.
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RBI Governor meets World Bank President during G20 meeting
Updated : 2 years, 11 months ago IST
Reserve Bank of India Governor Shaktikanta Das met World Bank President Ajay Banga during the G20 Summit in Gandhinagar, Gujarat and discussed various issues.
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RBI’s digital rupee, KCC loan innovations displayed at G20 FMCBG event in
Updated : 2 years, 12 months ago IST
The Reserve Bank of India (RBI) has showcased its innovations -- ‘Frictionless Credit’ and ‘Central Bank Digital Currency’ -- at the innovation pavilion on the sidelines of the 3rd meeting of Finance Ministers and Central Bank Governors (FMCBG) under India’s G20 presidency here at the Mahatm
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Gujarat: RBI Governor meets Swiss National Bank’s Thomas Jordan during G20
Updated : 2 years, 12 months ago IST
Reserve Bank of India (RBI) Governor Shaktikanta Das on Sunday met with Thomas Jordan, the Chairman of Governing Board, Swiss National Bank, during the 3rd G20 Finance Ministers and Central Bank Governors (FMCBG) meeting.
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PM Modi lands in Delhi after concluding his visit to France, UAE
Updated : 2 years, 12 months ago IST
Prime Minister Narendra Modi landed in India on Saturday after concluding his two-nation tour of France and United Arab Emirates (UAE).
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Sessions Court upholds cost imposed on Small Industries Development Bank o
Updated : 2 years, 12 months ago IST
A Sessions Court of Patiala House Court has upheld the cost imposed on the Small Industries Development Bank of India (SIDBI).
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India, UAE sign MoUs to promote use of local currencies for cross-border t
Updated : 2 years, 12 months ago IST
Prime Minister Narendra Modi said, "This is a very important aspect of India-UAE cooperation. It paves the way for enhanced economic collaboration and will make international financial interactions simpler."
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Agri ministry asks banks to promote Agriculture Infrastructure Funds
Updated : 3 years ago IST
According to an official statement from Ministry of Agriculture and Farmers Welfare, this one month-long Campaign (from July 15, 2023 to August 15, 2023) with a target of Rs 7200 crore was launched through Video Conference attended by more than 100 Banking Executives that included MDs/Chairm
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RBI's Clean Note Policy to Boost Real Estate Development: R&R by Rise
Updated : 3 years ago IST
New Delhi [India], July 12: The real estate industry is moving beyond cyclical headwinds, according to “Primary Market Set To Gain”, the latest report by R&R, an independent research wing of Rise Infraventures Limited. Sufficient inventories ready for possession at promising prices and R
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SC dismisses plea challenging RBI decision on Rs 2,000 note exchange sans
Updated : 3 years ago IST
A bench of Chief Justice of India DY Chandrachud and Justice PS Narasimha dismissed the plea filed by advocate Ashwini Upadhyay citing it as an "area of executive domain".
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