Withdrawal of Legal Tender Character of the old Bank Notes in the denominations of ₹ 500/- and ₹ 1000/- (Updated as on December 05, 2016)

Dear friends , I have placed the updated details of FAQ’s on Withdrawal of Legal Tender Character of Old Bank Notes (SBN). Please click on the following links for the same: FAQ’s Updated as of 5th Dec 2016

Guidelines for ‘on tap’ Licensing of Universal Banks in the Private Sector

RBI has on August 1, 2016 released “Guidelines for ‘on tap’ Licensing of Universal Banks in the Private Sector”.On Tap Licensing is one of the Reforms brought in by the RBI Governor Shri Raghuram Rajan which means Continuous Banking i.e. Now bank licensing process will no longer be a once-in-a-decade affair. It will be an…