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S Ganesh Kumar appointed Executive Director, Reserve Bank of India

June 2, 2017

The Reserve Bank of India has appointed Shri S. Ganesh Kumar as Executive Director (ED) consequent upon the voluntary retirement of Shri Chandan Sinha

RBI refuses to disclose list of loan defaulters

May 23, 2017

The Reserve Bank of India (RBI) has refused to make public the list of loan defaulters with public sector banks despite an order of

Banks cannot refuse to accept faded or scribbled notes

April 29, 2017

Reserve Bank of India (RBI) has said, banks cannot refuse to accept faded notes or those with scribbles. In a Circular to banks, RBI

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24 companies want collaboration with India Post Payments Bank

March 27, 2017

Government has said that there are many companies who have approached the Department of Posts for collaboration with India Post Payments Bank. The Minister

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Chinese investment under Make in India

March 20, 2017

Chinese companies have shown significant interest to invest in India in a wide range of sectors since the launch of Make in India campaign.

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Insurance Literacy Programme in School Education

March 16, 2017

To implement National Strategy on Financial Education (NSFE) including knowledge on Money management, Budgeting, Saving and Investments, Banking, Credit, Insurance and protection related products

SBI to penalise low balance in account from 1 April

March 6, 2017

State Bank of India has decided to reintroduce penalty on non-maintenance of minimum balance in accounts from 1st of next month. Failing to maintain

Foreign Exchange Earnings-IndianbUreaucracy

16,097 Cr Foreign Exchange Earned through Tourism in Jan 2017

March 2, 2017

Foreign Exchange Earnings (FEEs) during the month of January 2017 were Rs.16,097 crore as compared to Rs.13,669 crore in January 2016 and Rs.12,100 crore in January 2015. The

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RBI enhances cash withdrawal limit from Savings account to Rs 50,000

February 20, 2017

Reserve Bank has enhanced the cash withdrawal limit from Savings Bank Account to 50,000 rupees from the existing 24,000 rupees from today. RBI has

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Protection of consumer’s interests in digital mode of payment

February 7, 2017

Instructions have been issued on Merchant Discount Rate (MDR) Structure on June 28, 2012 capping the MDR @ 0.75% for payment made through debit

Money Credited in Bank Accounts

February 3, 2017

Reserve Bank of India (RBI) has advised the banks vide in circular Ref. No.DBS.CO.PPD / 4220/11.01.005/2016-17 dated November 29, 2016 to take action to

Viral V Acharya appointed as Deputy Governor- RBI

December 28, 2016

Shri Viral V. Acharya presently posted as Professor of Economics, New York University-Stern School of Business has been appointed as Deputy Governor, Reserve Bank