Tag archive for ‘RBI’
By Loknath Das On Monday, September 11th, 2017
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RBI Says No Machines Being Used In Its Offices For Counting Scrapped Notes

New Delhi: The Reserve Bank of India (RBI) has said counting machines are “not being used” for tallying the total number of demonetised notes of Rs. 500 and Rs. 1,000 in any of its offices, according More...

By Loknath Das On Tuesday, September 5th, 2017
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RBI Has Directed Resolution Of 12 Accounts By December: Axis Bank

New Delhi: Axis Bank today said the Reserve Bank has asked it to finalise the resolution plan for 12 accounts by December 13, failing which insolvency proceedings will have to initiated against them. In a regulatory More...

By Loknath Das On Sunday, September 3rd, 2017
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99% Of Banned 1000, 500 Rupee Notes Returned, Says RBI

The Reserve Bank of India (RBI) in its annual report released today revealed that about 99 per cent of the banned 500- and 1,000-rupee currency notes returned. According to RBI estimates, a total of Rs. 15.28 lakh More...

By Loknath Das On Thursday, August 31st, 2017
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RBI Seeks To Steer More Companies To Bankruptcy Court: Report

Mumbai: The Reserve Bank of India (RBI) has asked banks to send at least 20 companies that defaulted on their debts to bankruptcy court if their problems are not resolved by about mid-December, a senior banker More...

By Loknath Das On Wednesday, August 30th, 2017
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99% Of Banned 1000, 500 Rupee Notes Returned, Says RBI

The Reserve Bank of India (RBI) in its annual report released today revealed that about 99 per cent of the banned 500- and 1,000-rupee currency notes returned. According to RBI estimates, a total of Rs. 15.28 lakh More...

By Loknath Das On Monday, August 28th, 2017
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Raghuram Rajan Pens Book On RBI Stint In ‘Turbulent Times’

New Delhi: Raghuram Rajan explains economic concepts and talks of issues like tolerance and connection between political freedom and prosperity in his new book, which is a collection of essays and speeches during More...

By Loknath Das On Saturday, August 19th, 2017
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Is this the new Rs 50 currency note the RBI plans to introduce soon?

New Delhi: The Reserve Bank of India (RBI) in December last year had said that it would issue new currency notes of Rs 50 and Rs 20 denominations with numerals in ascending size in the number panels and without More...

By Loknath Das On Friday, August 18th, 2017
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RBI to shortly issue new Rs 50 note in fluorescent blue colour

The Reserve Bank of India will shortly issue new Rs 50 denomination banknotes with the motif of Hampi with chariot on the reverse, the central bank said on Friday. “The base colour of the note is Fluorescent More...

By Loknath Das On Thursday, August 17th, 2017
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July Consumer Inflation Data Could Delay Rate Move By RBI, Say Experts

Mumbai: Annual consumer price inflation picked up to 2.36 per cent in July from 1.54 per cent in June, as a decline in food prices slowed sharply, government data showed on Monday. The rise was faster than the More...

By Loknath Das On Tuesday, August 15th, 2017
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Ensure Safety Of Customers’ Lockers: RBI To Banks

New Delhi: The Reserve Bank has asked banks to ensure customers’ lockers remain safe and there is “no negligence” that could render banks liable to claims by locker holders, Parliament was informed More...