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RBI appoints Surekha Marandi as executive director

The Reserve Bank of India (RBI) has appointed Surekha Marandi as its Executive Director (ED). She was appointed in place of U S Paliwal who retired on December...

January 4, 2017

Viral V Acharya appointed as RBI Deputy Governor

The Union Government has appointed Viral V Acharya (42) as new Deputy Governor at the Reserve Bank of India (RBI).  He will have regular three-year tenure. His appointment...

December 28, 2016

RBI keeps key rates unchanged in fifth bi-monthly monetary policy review

The Reserve bank of India (RBI) in its fifth bi-monthly monetary policy review for year 2016-17 has kept key rates unchanged. Decision in this regard was taken by...

December 8, 2016

Banks to bear liability in case of online security breach: RBI

The Reserve Bank of India (RBI) has clarified that banks will have to bear the full liability in the event of any security breach or compromise in the...

December 7, 2016

RBI to introduce new 20 & 50 rupee currency notes

The Reserve Bank of India (RBI) is going to issue new currency notes of Twenty and Fifty rupees denomination in the Mahatma Gandhi Series-2005. All old the previous...

December 5, 2016

RBI introduces incremental CRR to manage excess liquidity in banking system

The Reserve Bank of India (RBI) has introduced an incremental Cash Reserve Ratio (CRR) of 100% for fortnight to absorb excess liquidity in the banking system following demonetisation....

November 28, 2016

RBI doubles cap on PPIs to Rs. 20,000

The Reserve bank of India (RBI) has increased the per month limit of Prepaid Payment Instruments (PPIs) to Rs. 20,000 from Rs. 10,000 and to Rs. 50,000 for...

November 23, 2016

RBI proposes Islamic window in conventional banks

The Reserve Bank of India (RBI) has proposed the opening of Islamic window in conventional banks for gradual introduction of Sharia-compliant or interest-free banking in the country. In...

November 21, 2016

Special Task Force led by SS Mundra formed to recalibrate ATMs

The Reserve Bank of India (RBI) has formed Special Task Force to speed up the process of recalibration of automated teller machines (ATM) to dispense the new denomination...

November 15, 2016

RBI issues clarifications on Hedging for External Commercial Borrowings

The Reserve Bank of India (RBI) has issued the Clarifications on hedging for External Commercial Borrowings (ECB) in a bid to effectively address currency risk at the systemic...

November 10, 2016

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