Reserve Bank Of India (RBI): News | Page 12
17 May 2017Bharti Airtel
After RBI nod, Paytm Payments Bank to launch next week
Paytm has received the final license for its payments bank from the RBI, clearing the way for its planned May 23 launch.
18 Apr 2017Delhi
4 lakh companies could be deregistered for not filing returns
More than one third of the 11 lakh active Indian shell companies face de-registration prospects as they haven't filed their returns since the last 3 financial years.
18 Apr 2017India
Deposits in Jan Dhan accounts up again
Government data revealed that the net balance in Jan Dhan accounts swelled by Rs. 1000 crore to Rs. 63971.38crore on the week ending on 5 April.
12 Apr 2017Supreme Court Of India
Demonetization: Another chance for deposit of scrapped notes possible
The SC will decide in July whether the government should reopen a window for people to deposit their old Rs. 500 and Rs. 1,000 notes.
27 Mar 2017Supreme Court Of India
RBI mum on demonetization deadline changes
The RBI refused to answer an RTI query seeking to know why the deadline for demonetization was not 31 March as promised by the Prime Minister.
18 Mar 2017India
29 lakh debit cards compromised last year
The government said that over 29 lakh debit cards were the victims of malware attacks in 2016. The cards in question were those used on ATM machines operated by Hitachi.
07 Mar 2017Supreme Court Of India
SC asks Centre, RBI to explain demonetization deadline change
The Supreme Court (SC) has sought explanations from the central government and the Reserve Bank of India (RBI) on why citizens weren't allowed to deposit demonetized currency till March 31, as promised by PM Narendra Modi.
05 Mar 2017India
IT dept lens on your personal accounts now
In a bid to close escape routes for defaulters, the IT department may now start directly recovering the defaulted amount from individuals' personal bank accounts.
03 Mar 2017India
Rs. 70,000cr black money unearthed till now: SIT
SC-appointed Special Investigation Team reported that Rs. 70,000cr black money has been unearthed till now, including Rs. 16,000cr stashed by Indians abroad.
01 Mar 2017India
Holding banned notes is now punishable
The government has issued a notification for a new law that makes personally holding more than 10 demonetized notes, or 25 for research purposes, illegal, with a minimum fine of Rs.10,000 or 5 times the amount of money held.
28 Feb 2017India
India's GDP increased by 7% in Q3
India's third quarter GDP grew at a faster-than-expected 7% pace despite demonetization in the quarter till December. It had been expected to grow 6.1% then.
28 Feb 2017Delhi
Black money: Govt planning to close 6-7 lakh shell companies
The government is planning to close 6-7 lakh shell companies, many of which had deposited large amounts in banks post demonetization.
13 Feb 2017India
Fake Rs. 2000 notes entering from Pak
Within 3 months of the demonetization move being announced, authorities revealed that fake Rs.2000 notes have already found their way to India.
12 Feb 2017Delhi
Government's next target- shell companies, says will freeze accounts
The government is determined to weed out shell companies to ensure black money doesn't find a conducive environment to flourish.
08 Feb 2017India
No cash withdrawal limits from March 13: RBI
The RBI announced that all cash withdrawal limits on bank accounts would be lifted from March 13. Cash withdrawal limits for savings accounts has been raised to Rs.50,000 until 20 February.
08 Feb 2017India
25% ATMs running dry in India
Bank officials said that due to large scale withdrawals at the start of the month, over 25% of the ATMs in the country are without cash.
30 Jan 2017India
Limits on ATM cash withdrawals to cease 1st February onwards
According to a statement issued by the RBI, cash withdrawal limits placed on withdrawals from Current accounts/Cash credit accounts/Overdraft accounts stand withdrawn with immediate effect.
26 Jan 2017India
Old note exchange possible again?
Government sources stated that citizens will be given another opportunity to exchange the demonetized 500 and 1000 notes. However, this time the exchange will be only for limited amounts of cash.
21 Jan 2017Digvijaya Singh
Demonetization: Bankers threaten to go on a nationwide strike
Certain bank trade unions have intimidated that they would go on a nationwide, day-long strike on 7th February.
20 Jan 2017India
IT Dept expands list of transactions under scanner
The IT Department has expanded the list of financial transactions under scrutiny, now including deposits up to Rs.2.5 lakh made during the demonetization period.
19 Jan 2017Digvijaya Singh
Former PM MMS comes to Urjit Patel's aid
Former PM Manmohan Singh came to the aid of RBI governor Urjit Patel amidst the heated debate on demonetization, saying he is not obligated to respond to queries on lifting banking restrictions.
18 Jan 2017Narendra Modi
Shiv Sena compares demonetization to Hiroshima bombing
Shiv Sena said in its party mouth piece 'Saamna' that demonetization was akin to dropping an atom-bomb on Hiroshima and Nagasaki.
18 Jan 2017Digvijaya Singh
RBI: new notes worth Rs.9.2 lakh crore already introduced
RBI governor Urjit Patel stated that new notes worth Rs.9.2 lakh crore have already been introduced in place of Rs.15.4 lakh crore worth Rs.500 and Rs.1,000 notes that were removed from circulation.
17 Jan 2017India
Nepal still impacted by India's demonetization
Nepal has been adversely impacted from India's demonetization.
16 Jan 2017Digvijaya Singh
Ex-SBI chairman accuses RBI of lying on demonetization
Former State Bank of India chairman Pratip Chaudhuri has alleged that the RBI has been "lying on the face" to Indian citizens about the cash situation.
14 Jan 2017Digvijaya Singh
RBI employees ask the Governor to stop Centre's interference
Employee unions of the central bank wrote to the RBI governor Urjit Patel to take action against Centre's "unwarranted interference".
13 Jan 2017India
Have Jan Dhan accounts been used for money laundering?
The government and RBI are yet to declare the final figures of the demonetized banknotes returned to the system after 8 Nov'16.
12 Jan 2017India
Nepal seeks RBI notice to make Rs.2000 notes legal
Nepal has sought an official notification from RBI to make the new Rs.2000 note legal tender in the country; in Jan'15, RBI had issued a notification making the old Rs.500 and Rs.1000 notes legal tender in the country.
11 Jan 2017Digvijaya Singh
RBI: Note ban on Centre's recommendation
The RBI has informed the Parliament's standing committee on finance that the note ban was implemented based on recommendations from the Centre just a day in advance.
10 Jan 2017India
IT unearths laundering role of co-operative banks
Income tax department officials have found several co-operative banks manipulating and laundering unaccounted money post-demonetization.
07 Jan 2017India
Cash deposits in 285 DCBs surge sixfold post-demonetization
During the first four days after the demonetization on 8 Nov'16, cash deposits in 285 District Cooperative Banks (DCBs) rose sixfold compared to their reserves of Rs.496.88cr on 7 Nov.
03 Jan 2017Bharti Airtel
Paytm launches its Payments Bank
Since demonetization was announced on November 8, use of Paytm soared and it began to be adopted by small and big retailers in urban/rural areas.
02 Jan 2017India
RBI refuses to answer RTI query regarding demonetization
Fifty days after the Centre announced Rs.500 and Rs.1000 notes would cease to be legal tender, the Reserve Bank of India declined to answer the burning question: Why were the notes demonetized?
02 Jan 2017India
Five issues that could worry India in 2017
When 2016 was about to start, experts had predicted that five things would worry India the most in the year.
31 Dec 2016India
President passes ordinance to criminalize holding old notes
In order to control a parallel economy running on old currency, the government declared "holding, transfer and receiving of the demonetized note a criminal offence, punishable" with a fine.
29 Dec 2016India
Rs.10,000 fine, no jail for holding old notes
The government clarified that there would be no jail term for holding old Rs.500, Rs.1000 notes after 31 March; they added that it would carry a minimum fine of Rs.10,000.
29 Dec 2016Acharya
NYU Professor Viral Acharya becomes RBI's new Deputy Governor
Viral Acharya, an economics professor at the New York University's Stern School of Business was appointed as the Reserve Bank of India's deputy governor on Wednesday.
29 Dec 2016India
RBI provides loan repayment window of 90 days
After the central bank announced measures to increase the loan repayment window for borrowers to 60 days last month, the RBI has now announced that it will extend the window to 90 days.
28 Dec 2016India
Govt passes ordinance imposing penalties for possessing old notes
The Centre cleared an ordinance imposing penalties on those possessing demonetized Rs. 500/1000 notes beyond 31 March'17.
28 Dec 2016Narendra Modi
90% demonetized notes returned, Modi defends move
Sources said that over 90% of the demonetized notes have been returned to banks; PM Modi defended the demonetization scheme, saying the move destroyed "terrorism, drug mafia, human trafficking and underworld."