RBI To Come Up With App For Visually Impaired For Currency Identification
The Reserve Bank of India has made a proposal to come up with a mobile app for enabling visually impaired to identify bank notes. Currently, the currency under circulation includes bank notes in the following denomination More...
MA in History, Shaktikanta Das is first non-economist in 28 years to be RBI governor
There are no fixed eligibility criteria for appointment of a person as the RBI governor. According to the RBI Act, appointment of governor is approved by the PMO on the recommendation of the finance minister. Shaktikanta More...
This week in banking: Cash remains the king post demonetisation, says RBI
Whether demonetisation was a success or failure, today, cash remains the king as there is more of it in the economy than there was on November 8, 2016. Indian households are saving more now, a large part being More...
RBI net sells $6.184 bn of US currency in June
Reserve Bank of India continued to remain net seller of the US currency for the third consecutive month in June, after it sold $6.184 billion of the US dollar in the spot market, RBI data showed. During the reporting More...
RBI to hike rates again by year-end, August still in play: Poll
The Reserve Bank of India (RBI) is expected to raise interest rates again in the final three months of this year, according to a Reuters poll of economists, but over one-third of them predicted a hike as early More...
No research before ban: Was RBI reckless to stop banks from dealing with cryptocurrencies like Bitcoin?
The RBI on April 6 dealt a body blow to all the cryptocurrency exchanges and individuals doing virtual currency business in India by asking regulated institutions like banks to stop providing services to them. More...
RBI Probe In 2016 Found No Proof Of ‘Quid Pro Quo’ In Videocon Loans
The Reserve Bank of India had found no proof of any “quid pro quo” or reciprocal benefits being extended by ICICI Bank to the Videocon group, when it conducted a detailed probe nearly two years ago, according More...
Currency circulation in India at 99% of pre-demonetisation level: RBI data
The demonetisation move on 8 December 2016 sucked out 86% of the currency in circulation. Photo: AP Mumbai: Currency in circulation in India stood at Rs17.78 trillion as on 16 February, reaching 98.94% of the More...
Banks Set To Raise Lending Rates, Pre-Empting RBI, Says Report
New Delhi/Mumbai: India’s struggling economy is facing a new challenge: banks are raising interest rates even though the Reserve bank of India (RBI) is leaving its rates unchanged, as risks such as surging More...
RBI Announces New System To Settle Bad Loans
The RBI said that all prior schemes will be withdrawn with immediate effect HIGHLIGHTS RBI sought to push more large loan defaulters toward bankruptcy courts New rules aimed at creating harmonized, simplified More...