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Banking News : Govt & RBI Policy::RBI Policy

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Amid focus on cash control, rate to remain unchanged: RBI policy review
  There is near unanimity that the six-member monetary policy committee of the Reserve Bank of India (RBI) would keep policy rates unchanged, but this being an an..    Read  
  By: Ranjan (Source- Business Standard)Place: Mumbai05 Apr 2017Govt & RBI Policy::RBI PolicyView 
Banks Board Bureau chief, Vinod Rai says Rs 10,000-crore recapitalisation for PSBs in FY'18 is enoug
  Capital infusion of Rs 10,000 crore for public sector banks earmarked for 2017-18 may be enough and government may also go for rights issue to inject more money..    Read  
  By: Ekta (Source: PTI, ET)Place: New Delhi16 Feb 2017Govt & RBI Policy::RBI PolicyView 
Demonetisation will destroy 12% of black money: India Ratings
  The current measures by the government to withdraw high value notes are likely to destroy about Rs 4 lakh crore worth of cash held in black money and fake curre..    Read  
  By: Ekta (Source: Times of India)Place: Coimbatore29 Dec 2016Govt & RBI Policy::RBI PolicyView 
Demonetisation: 98 Crores 'black money' deposited in banks by Hyderabad businessman
  A Hyderabad businessman was arrested on Wednesday, 28th December, 2016 for allegedly cheating and generating 'fake and fictitious' advance payment receipts to d..    Read  
  By: Ranjan (Source:NDTV/PTI)Place: Hyderabad29 Dec 2016Govt & RBI Policy::RBI PolicyView 
Since November 8, 60 lakh depositors put Rs. 7 lakh crore in banks
  The government, armed with information about Rs. 7 lakh crore deposits made by some 60 lakh individuals and companies, on Thursday warned of hauling up anyone u..    Read  
  By: Ranjan (Source: NDTV, PTI)Place: New Delhi29 Dec 2016Govt & RBI Policy::RBI PolicyView 
RBI feels its image dented by Centre's steps due to demonetisation
  The central bank and the government often don't see eye to eye even in the best of times, which these certainly are not. The stress of managing the process of d..    Read  
  By: Ekta (ET)Place: Mumbai24 Dec 2016Govt & RBI Policy::RBI PolicyView 
RBI Partially Rolls Back Rs 5,000 Order
  The Reserve Bank of India’s 60th Notification, on day number 43 of Demonetisation, has partially rolled back an earlier notification that caused anger because i..    Read  
  By: Ekta (News18)Place: New Delhi23 Dec 2016Govt & RBI Policy::RBI PolicyView 
Restrictions on withdrawal from certain bank accounts: RBI
  Tightening the noose around people who misused banking channels to park unaccounted money, the Reserve Bank imposed certain restrictions on withdrawal if more t..    Read  
  By: Ekta (Source:NDTV Profit)Place: Mumbai21 Dec 2016Govt & RBI Policy::RBI PolicyView 
Charges on debit card transactions of upto Rs 2,000 to be lowered by RBI
  As the government gives a major push for more people to adopt digital means for payments the Reserve Bank of India reduced merchant discount rates or price that..    Read  
  By: Ranjan (Source: ET)Place: Mumbai21 Dec 2016Govt & RBI Policy::RBI PolicyView 
Banks give priority to their own branches, atms run by private non-banking entities suffer
  Operators of white label ATMs, or automatic teller machines owned and run by private non-banking entities, have reached out to the Reserve Bank of India to find..    Read  
  By: Ekta (Source: ET)Place: Mumbai17 Dec 2016Govt & RBI Policy::RBI PolicyView 
Banks' burden may be eased by RBI, a panel to decide on what exactly qualifies as a bank branch
  The Reserve Bank of India has set up a panel to decide on what exactly qualifies as a bank branch. The move is aimed to provide more flexibility to banks as new..    Read  
  By: AmitPlace: Mumbai25 Aug 2016Govt & RBI Policy::RBI PolicyView 
PM's remarks at Gyan Sangam - the Bankers' Retreat in Pune
  The Prime Minister, Shri Narendra Modi, today called upon India's banking sector to establish banks which rank among the top banks of the world.    Read  
  By: Govt Press ReleasePlace: New Delhi03 Jan 2015Govt & RBI Policy::RBI PolicyView 
RTGS Time Extended by RBI from 8 Hrs to 12 Hrs on Weekdays
  RTGS system will work 12 Hours from 8 am to 8 pm on week days and will be open from 8.00 hours to 15.30 hours on Saturdays.    Read  
  By: Amit Place: New Delhi29 Dec 2014Govt & RBI Policy::RBI PolicyView 
PM meet on Banking Reforms with PSU bank Chiefs on 3rd Jan at Pune
  The 27 Public Sector banks having aprox 80,000 bank branches from metros to villages out of total aprx 1,15,000 branches countrywide are in focus and govt has p..    Read  
  By: RanjanPlace: New Delhi25 Dec 2014Govt & RBI Policy::RBI PolicyView 
KVP Re-launched: Is it a White Way to Black Money?
  Kisan Vikas Patra(KVP) re-launched today by Finance Minster Arun Jaitely today With the objective to raise savings in the country    Read  
  By: RanjanPlace: New Delhi20 Nov 2014Govt & RBI Policy::RBI PolicyView 
 
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