All posts tagged "Rbi"

Bank unions to go on strike on Tuesday, services may be affected

[vc_row][vc_column][vc_column_text]Chief Labour Commissioner failed to convince unions about the government’s assurance against privatisation Banking operations in public sector banks may be hit on Tuesday as all...

RBI to release new Rs 50 note; old note will not be discontinued

[vc_row][vc_column][vc_column_text]New fluorescent blue banknote in the Mahatma Gandhi (New) Series bearing the signature of RBI Governor Urjit R. Patel, will feature the motif of Hampi with...

As retail inflation eases, RBI cuts repo rate by 25 bps, loans likely to get cheaper

[vc_row][vc_column][vc_column_text]This is the first cut in repo rate – the rate at which the RBI lends to banks – since October 2016. MPC headed by RBI...

Drastic Decline in Indian Workers Emigrating to Gulf Countries

[vc_row][vc_column][vc_column_text]Balance of Payments Affected Amid declining economies with ongoing wars and political turmoil in most of the Middle East, India has recorded a 34.6 per cent...

Sensex breaks past 32,000-mark as inflation hit a record low of 1.54 % in June

[vc_row][vc_column][vc_column_text]Benchmark equity indices breached the 32,000 mark for the first time and the NSE Nifty closed at the new peak of 9,879 today after consumer price...

Customers won’t have to bear loss in case of fraudulent transactions, says RBI

[vc_row][vc_column][vc_column_text]In an attempt to curb the payment fraud, the Reserve Bank of India on Thursday imposed a cap on the customer liability in case of any...

Demonetisation: How can you stop legitimate old notes deposit, SC asks Centre

[vc_row][vc_column][vc_column_text]The SC has asked the Centre if it can provide a window for the people who failed to deposit their old currency notes of Rs 500...

RBI to initiate insolvency proceedings against 12 mega defaulters

[vc_row][vc_column][vc_column_text]The Reserve Bank of India on Tuesday identified 12 accounts – each having more that Rs 5,000 crore of outstanding loans and constituting 25 percent of...

Cash crunch returns to haunt Uttar Pradesh, say reports

[vc_row][vc_column][vc_column_text]Bank officials claim they don’t have cash to meet the demands of account holders. Shortage of cash seems to have returned to haunt cities in Uttar...

RBI to issue Rs 5 and Rs 10 coins