The Reserve Bank of India (RBI) has decided to utilize unclaimed bank deposits that are estimated at Rs. 3,650 crore for education and awareness of depositors. The apex...
Dr. Kamalesh Chandra Chakrabarty (62), the Deputy Governor of RBI, resigned from the post against his scheduled term end, due to his personal reasons. His term was scheduled...
The Reserve Bank of India (RBI) extended the 80:20 schemes to import gold to five private banks. Under RBI 80:20 scheme Banks have been allowed to import gold:HDFC...
The Reserve Bank of India (RBI) has cautioned banks to take immediate steps to implement appropriate systems and controls if their systems and ATMs are still working on...
The Reserve Bank of India (RBI) hiked the trade related remittance limit from Rs.2 lakh to Rs.5 lakh per transaction with immediate effect and also increased the number...
At the 12th sub-committee meeting of the Financial Stability and Development Council (FSDC), headed by RBI Governor Raghuram Rajan, held at New Delhi, it was decided to set...
The Reserve Bank of India (RBI) granted an additional nine months for the public to exchange currency notes printed before 2005, including Rs. 500 and Rs. 1,000 denominations,...
In a bid to mitigate the financial risk from concentration of business, the Reserve Bank of India (RBI) imposed curbs on banks investing in their group companies. Objective...
The Reserve Bank of India (RBI) allowed Foreign Institutional Investors (FIIs) to purchase shares in Dabur India up to 30% of the firm’s paid up capital. FIIs have...
The Reserve Bank of India (RBI) released draft report on enabling Public Key Infrastructure (PKI) in payment system applications. Public Key Infrastructure enabled electronic payment systems that has...
