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Achieving Durable Inflation

June 19, 2017

One of the major objectives of Government of India and the Reserve Bank of India is achieving durable inflation. Inflation in India had reached

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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Government of India to issue Sovereign Gold Bonds 2017-18 – Series I

April 21, 2017

Government of India, in consultation with the Reserve Bank of India, has decided to issue Sovereign Gold Bonds 2017-18 – Series I. Applications for

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Fuel prices drive up retail inflation

April 15, 2017

India’s retail inflation quickened to a five month high of 3.85% in March on the back of higher fuel prices, erasing any hope of

Government infused Capital Investments in Banks

April 10, 2017

The Government infused a sum of Rs. 25000 crore in 19 PSBs during financial year 2015-16 and Rs. 24997.182 crore into 16 PSBs during

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RBI to up a separate Enforcement Department

April 1, 2017

Reserve Bank of India (RBI) is setting up a separate Enforcement Department. The Enforcement Department (EFD) is proposed to be opened on April 3,

B P Kanungo appointed Deputy Governor- RBI

March 11, 2017

Shri B.P. Kanungo has been appointed as Deputy Governor, Reserve Bank of India (RBI) vice Shri R. Gandhi, for a period of three years .

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Govt to issue Sovereign Gold Bonds 2016 -17 ,Series IV

February 23, 2017

Government of India, in consultation with the Reserve Bank of India(RBI), has decided to issue Sovereign Gold Bonds 2016-17–Series IV. Applications for the bond

Conversion of Kisan Credit Cards into Rupay Cards

February 7, 2017

Under revised Kisan Credit Card (KCC) Scheme issued by Reserve Bank of India (RBI) and National Bank for Agriculture and Rural Development (NABARD), withdrawal

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ATM operational by PSUs

February 7, 2017

The ATM network is 100% interoperable. The number of ATMs of the Public Sector Banks are given in Table below. As per notification dated