RBI 90-year ceremony: During the Reserve Bank of India’s 90-year ceremony, RBI Governor Shaktikanta Das highlighted the central bank’s transformation into a facilitator for the…
View More RBI 90 years ceremony: Shaktikanta Das Emphasizes on Bank’s Market-Focused Evolution
RBI Cybersecurity Measures: The Reserve Bank of India (RBI) has issued cautionary advisories to certain banks, urging them to strengthen their defenses against potential cyber-attacks,…
View More RBI Warns Banks to Ramp Up Cybersecurity Measures Following Recent Cyber Threats
The Reserve Bank of India’s (RBI) monthly bulletin suggests that the growth trajectory of the Indian economy, witnessed in the first half of the current…
View More RBI Monthly Bulletin Forecasts Continued Growth Trajectory for Indian Economy
The Reserve Bank of India (RBI) issued monetary fines of differing degrees to ESAF Small Finance Bank, Dhanlaxmi Bank, Punjab and Sind Bank on January…
View More RBI imposed fines on few banks for various non-compliances: Check complete details here
Following its meeting in December, the Monetary Policy Committee (MPC) of the Reserve Bank of India unanimously agreed to maintain the repo rate at 6.5%.…
View More RBI maintained the repo rate at 6.5%: Key highlights of the MPC
Governor of the Reserve Bank of India (RBI), Shaktikanta Das, said on Friday that the policy repo rate remains at 6.50%. He noted that the…
View More RBI Monetary Policy Meet: Policy rate remains unchanged at 6.50%
After being into headlines, certainly there is a sign of relief to CEO of Adani Group. As the MD and CEO of Bank of Baroda Sanjiv Chadha has recently confirmed that the bank would continue providing loan to the Adani group.Industrialist Gautam Adani’s group on Sunday termed the serious allegations levelled by financial research firm Hindenburg Research as a “planned attack on India, its institutions and the growth story” and said the allegations were “nothing but lies”. The Adani Group further said the Hindenburg report was motivated by a “hidden intent “nothing but intended to create a “false impression” to benefit the US-based firm financially. “This is not just an unwarranted attack on a specific company, but a planned attack on India, the independence, integrity and quality of Indian institutions, and India’s growth story and ambitions,” the group said. ’While making it clear to the audience Sanjiv Chadha said, “For us, any lending decision is based upon, again, the
View More “Hindenburg report a full planned conspiracy against India”
A demand to gradually phase out Rs 2,000 currency notes was made in the Rajya Sabha on Monday by BJP MP Sushil Kumar Modi saying citizens holding such banknotes should be given two years to exchange their holdings of the highest denomination notes.”Rs 2,000 notes have vanished from most ATMs in the country and there are rumours that they may not be legal tender soon. The government has to clarify on this. RBI stopped printing the Rs 2,000 currency notes 3 years back,” said Modi. Also read : Bharat Jodo Yatra : EX RBI Governer joins Rahul Gandhi in the yatra.The Rs 2,000 note was introduced after PM Narendra Modi announced demonetisation in November 2016 to make the then existing Rs 500 and Rs 1,000 notes invalid with immediate effect. In his speech in the Upper House, Sushil Modi alleged that Rs 2,000 notes are being sold on premium and that they are being hoarded. “Rs 2,000 notes are being used in money laundering, terror funding, drug trafficking. The highest currency denomina
View More Rs 2,000 note has become synonymous with black money, should be phased out: BJP MP demands in Rajya Sabha.