The Reserve Bank of India is also providing Triple Lock Receptacle(TLR) forms to individuals for a deposit of Rs 2,000 currency notes in their bank account. Scroll down to read the story in detail.
Reserve Bank of India news: Manoranjan Mishra is a post-graduate in economics and MBA (banking and finance). He also holds a master's degree in finance and financial regulation from Aston Business School, UK.
The Reserve Bank of India had announced the withdrawal of Rs 2,000 denomination banknotes from circulation on May 19, 2023. The Central bank said Rs 2,000 notes worth 10,000 crore are yet to return to the banking system.
Reserve Bank of India: RBI asked banks to ensure the presence of at least 2 WTDs, including MD & CEO, on their boards, to address issues and challenges. The number of WTDs should be decided by board of the bank by taking into account factors such as the size of operations, business complexity etc.
The Rs 1,000 notes did not remain a legal tender after PM Modi announced demonetisation on November 8, 2016. There have been speculations of its re-introduction since RBI's announcement on the withdrawal of Rs 2,000 notes from circulation.
The IMF noted that there are potential risks to prices, primarily from food security concerns. Recent export restrictions in India, the world's largest rice exporter, and uncertain effects of El Nino are contributing to the upward tilt in risks.
Rs 2,000 notes deadline over: On Sept 30, RBI decided to extend the arrangement for deposit and exchange till Oct 7. With effect from Oct 8, 2023, banks shall stop accepting Rs 2,000 notes for credit to accounts or exchange to other denomination banknotes.
RBI Assistant prelims admit card 2023 is likely to be issued in the first week of November 2023. Candidates can access and download their call letter from the official website.
The Reserve Bank of India said that Muneesh Kapur would be looking after the Department of Economic and Policy Research. He has worked for nearly three decades in the RBI in different capacities.
Das further said retail inflation is still high at 6.8 per cent and expected to come down sharply in September and October, but there is still some pessimism on Kharif output especially relating to pulses which has the potential to push up prices further.
RBI Assistant Recruitment 2023 online application window will be closed tomorrow, October 3. Check educational qualification, age limit, selection criteria, exam date, how to apply and other details.
The Reserve Bank of India said that the decision was taken after the review. Earlier it had said that 90 per cent of the notes had already returned to the system.
Tamilnad Mercantile Bank (TMB) Managing Director and CEO S Krishnan has quit from the position citing personal reasons, however, he will continue to deliver his services till the guidance is received from RBI.
Rules for bank locker | See what to keep in bank locker and what not
The RBI has also imposed a penalty of Rs 8.80 lakh on Fedbank Financial Services Limited for non-compliance with certain provisions of the directions on monitoring fraud in NBFCs.
The Reserve Bank Governor-headed six-member Monetary Policy Committee (MPC) meeting is scheduled for October 4-6, 2023.
Here is the list of changes which will impact your personal finance from October 1.
The central agency found that the firm had no authorization from the Reserve Bank of India (RBI) for forex trading.
Candidates who took the exam can check and download the provisional list of selected candidates on the official website opportunities.rbi.org.in.
Rs 2,000 note: The Reserve Bank of India announced the withdrawal of Rs 2,000 banknotes from circulation on May 19, 2023.
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