RBI
No dearth of cash, says RBI governor but urges people to go digital
28 Nov 2016
RBI has asked scheduled banks to maintain an incremental CRR of 100 per cent, effective the fortnight beginning 26 November 2016, till RBI reviews monetary policy on 9 December
Cash crunch: RBI eases repayment norms for small loans
22 Nov 2016
The new norms are applicable only for dues payable between 1 November and 31 December this year, as this is a short-term deferment of norms due to the current currency crunch
RBI hikes weekly withdrawal limit on current accounts to Rs50,000
14 Nov 2016
RBI has advised banks to deploy micro ATMs near panchayat offices, police stations, military outposts, government departments, offices of public sector units, petrol pumps and other secure locations and also enhance the limits of the micro ATMs to at least Rs50,000 and allow frequent replenishment of cash to them
All existing Rs500 and Rs1,000 notes denotified
09 Nov 2016
Rupee notes of 500 and 1,000 denominations will be accepted against most essential goods and services in the interim while all notes of Rs100, Rs50, Rs10, Rs5, Rs2 and Re1 will remain legal tender
RBI advises caution against fake Rs500 and Rs1,000 bank notes
27 Oct 2016
With a surge in the influx of counterfeit currency, of larger denominations of Rs500 and Rs1,000, the Reserve Bank has asked the public to make sure that the bank notes they accept are genuine
RBI loosens classification norms for banks’ stressed assets
05 Oct 2016
Under this scheme, loans that companies find difficult to service can be restructured, providing for a longer repayment tenure, or waiving off a part of the debt so that companies are able to service their debt
MPC cuts RBI policy rate by 25 bps to 6.25%
04 Oct 2016
The MPC's decision to cut the policy repo rate comes despite a still-firm consumer price inflation in August when headline inflation stood at 5.05 per cent for the second month
Govt nominates 3 for Monetary Policy Committee
22 Sep 2016
Raghuram Rajan justifies his FCNR act as he bids adieu to RBI
06 Sep 2016
The FCNR(B) scheme drew in $26 billion, more than anticipated, but, for the RBI, its cost could be huge, when the rupee falls against the dollar – every 1 rupee rise in the dollar-rupee rate would costs us Rs40,000 crore more in import costs
RBI open to interest-free Islamic banking
06 Sep 2016
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