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RBI unveils new Rs 10 banknotes
Updated : 8 years, 2 months ago IST
New Delhi [India], Jan 5 (ANI): The Reserve Bank of India (RBI) on Friday unveiled banknotes of Rs 10 denomination under the Mahatma Gandhi (New) Series.
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7.75 pct Savings Bonds Scheme to be in effect from Jan 10
Updated : 8 years, 2 months ago IST
New Delhi [India], Jan 4 (ANI): Economic Affairs Secretary Subhash Chandra Garg on Thursday said that eight percent Savings Bonds Scheme will be replaced with 7.75 percent Savings Bonds Scheme, starting from January 10.
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Bitcoins not legal tender in India, reiterates Jaitley
Updated : 8 years, 2 months ago IST
New Delhi [India], Jan 2 (ANI): Amid reports of the rising presence of bitcoins and other forms of virtual currencies (VCs) in India, Union Finance Minister Arun Jaitley on Tuesday reiterated that the former are not accepted as a lawful and legal tender in India.
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Not closing subscription for 8% GoI savings bond: Secy. DEA
Updated : 8 years, 2 months ago IST
New Delhi [India], Jan 2 (ANI): Economic Affairs Secretary Subhash Chandra Garg on Tuesday clarified that the government of India is not closing subscription for the 8 percent Savings Bonds Scheme, instead, replacing it with 7.75 percent Savings Bonds Scheme.
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Financial assets of Indians abroad rose by USD 18.6 bln in Sep quarter
Updated : 8 years, 2 months ago IST
New Delhi [India], Dec 29 (ANI): The financial assets of Indian residents' abroad exhibited an increase of USD 18.6 billion in September 2017 quarter over the level in the previous quarter, according to the data released by Reserve Bank of India (RBI) relating to India's international invest
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Centre cautions investors on risks of dealing with virtual currencies
Updated : 8 years, 2 months ago IST
New Delhi [India], Dec 29 (ANI): Taking cognisance of the recent rising popularity of investing in virtual currencies (VCs) like Bitcoins, the Ministry of Finance issued a statement on Friday, cautioning investors regarding risks of dealing with cryptocurrencies.
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RBI, Finance Ministry review govt's borrowing programme before Budget
Updated : 8 years, 2 months ago IST
New Delhi [India], Dec 27 (ANI): The Ministry of Finance on Wednesday released a notification for reviewing the borrowing programme of the government.
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Tips to guide budding entrepreneurs
Updated : 8 years, 2 months ago IST
New Delhi [India], Dec 24 (ANI): Start-ups have become the next big thing today, with every entrepreneur wanting to do something out of the box.
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FM Jaitley puts end to speculations over Rs. 2,000 notes
Updated : 8 years, 2 months ago IST
Gandhinagar (Gujarat) [India], Dec 22 (ANI): Union Finance Minister Arun Jaitley on Friday put an end to all rumors about the Reserve Bank of India (RBI) holding back Rs. 2000
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PCA framework not intended to constrain normal banking operations, says RB
Updated : 8 years, 2 months ago IST
New Delhi [India], Dec 22 (ANI): The Reserve Bank of India (RBI) on Friday clarified that the Prompt Corrective Action (PCA) framework is not intended to constrain normal operations of the banks for the general public.
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SBI report suggests, RBI may be holding back Rs2,000 notes
Updated : 8 years, 2 months ago IST
New Delhi [India], Dec 21 (ANI): A recent State Bank of India (SBI) report indicated that the Reserve Bank of India (RBI) may either be holding back Rs2,000 notes or could have stopped its printing of the high-value note.
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AU Small Finance Bank joins hands with Sahaj e-Village
Updated : 8 years, 2 months ago IST
New Delhi [India], Dec 19 (ANI): AU Small Finance Bank has announced signing an MoU with Sahaj e-Village for extending its banking service in remote areas through Business Correspondent Agent (BC) model.
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