Andhra Bank has launched Immediate Payment Service (IMPS) at all its branches across the country to provide inter-bank electronic fund transfer service. The customer-friendly service was launched by...
The Reserve Bank of India (RBI) has imposed a monetary penalty of one crore rupees on State Bank of Travancore, an SBI associate bank for violation of some...
Parliament passed the Negotiable Instruments (Amendment) Bill, 2015. It was first passed by Lok Sabha in August 2015 and later in Rajya Sabha in December 2015. The bill...
Reserve Bank of India (RBI) in its fifth bi-monthly monetary policy review has maintained status status quo in key policy interest rate. The key policy interest rates were...
Reserve Bank of India (RBI) Governor Raghuram Rajan has been appointed as vice chairman of the board of directors of the Bank for International Settlements (BIS). With this,...
China’s Parliament has ratified the Asian Infrastructure Investment Bank (AIIB) agreement which establishes the legal framework for the Bank. The ratification by China, which is the bank’s largest...
Union Government has nominated Economic Affairs Secretary Shaktikanta Das to the Central Board of Directors of the Reserve Bank of India (RBI). Mr. Dase is IAS officer of...
The Reserve Bank of India (RBI) has allowed non-resident Indians (NRIs) to subscribe to the National Pension System (NPS) enabling them access old age income security. RBI has...
Samiran Chakraborty has been appointed as Chief Economist of global banking major Citibank for India. Prior to this appointment, he was Managing Director (MD) and head at Standard...
Reserve Bank of India (RBI) has allowed banks to fix their own interest rates on gold deposits under the Gold Monetisation Scheme. In this regard RBI has issued...
