The Reserve Bank of India (RBI) has made it mandatory to mention the name of the person on the front of the demand draft while purchasing it at a bank branch. At present, the DD form only asks for the name of the entity or person in whose favour it is to be prepared. In…
Shri Mahesh Kumar Jain took charge as the Deputy Governor of Reserve Bank of India today. The Government of India, on June 4, 2018 has appointed him as the Deputy Governor of Reserve Bank of India for a period of three years from the date of assumption of charge or until further orders, whichever is earlier.
RBI vide its notification dated 7th June 2018 inform all the Scheduled Commercial Banks (including RRBs), Local Area Banks (LABs), Urban Co-operative Banks / State Co-operative Banks /District Central Co-operative Banks and Small Finance Banks/Payment Banks that wef 1st July 2018 the rate of interest has since been reviewed and it was decided that the rate of interest payable…
The Reserve Bank of India, on Tuesday, informed a Parliamentary Committee that banks have reported 15,673 incidents of frauds during the last three financial years (2015-16, 2016-17 and 2017-18), involving a total amount of ₹74,993 crore.
India’s forex reserves expanded by $1.217 billion to 426.082 billion in the week to 13 April, Reserve Bank of India (RBI) has said.The Reserve Bank of India. India’s forex reserves crossed the $400-billion mark for the first time in the week to 8 September 2017, but have since been fluctuating.
Global rating agency Standard and Poor’s (S&P) on Thursday said ratings for Indian banks are likely to be weak for 2017-18, owing to recent changes made by the Reserve Bank of India (RBI) for recognition of restructured assets.
Prudential Norms for Classification, Valuation and Operation of Investment
Portfolio by Banks – Spreading of MTM losses and creation of Investment
Fluctuation Reserve (IFR)
The Reserve Bank of India on Thursday barred banks and financial institutions from dealing with virtual currencies including Bitcoins and said that it was time and again warning users of virtual currencies regarding the risks associated with it.
RBI maintains status quo, keeps repo rate unchanged at 6%
The recapitalisation bonds will not be inflationary and will be cash neutral, says Department of Financial Services (DFS) Secretary Rajiv Kumar