Cardless cash withdrawal from ATMs soon
Cashless withdrawal will curb frauds, cloning, card tampering etc...
Tag : Reserve Bank of India
Indian forex reserve drops to $400.84bn, shows RBI data
The special drawing rights with IMF fell by $3.4 million to $1.463 billion...
RBI appoints IDBI Bank CEO as deputy governor
State-owned IDBI Bank CEO Mahesh Kumar Jain is appointed deputy governor of the Reserve Bank of India...
RBI holds rates stable it will be business as usual for real estate
The real estate sector aligned with the government’s ambitions was in search of encouragement that would move the needle towards accelerated growth...
RBI issues US$461,313 penalty on Axis Bank
RBI found discrepancy in regulatory compliance...
India demonetises currency to move away from cash
But this is not the first time a country has opted for demonetisation IFM Correspondent November 11, 2016: In a move that came as a shock, the Indian government banned currency notes of 500 and 1000 denomination rendering them worthless at November 8 midnight. The measure was taken to control fake currency notes and unaccounted...
India withdraws high denomination currency overnight
Aims to counter corruption, counterfeiters and people who avoid taxes IFM Correspondent November 9, 2016: Most of India is confused and in a state of panic after Prime Minister Narendra Modi announced on November 8 that 500 and 1000 rupee notes will no longer be accepted as legal tender. They will be replaced by new...
India eases FDI norms to boost employment generation
Decision helps government regain investor confidence IFM Correspondent June 22, 2016: The Indian government led by Prime Minister Narendra Modi made sweeping changes to foreign direct investment (FDI) norms announcing easier terms and conditions for investors in sectors ranging from civil aviation to pharmaceuticals. The government has increased sectoral caps, raised limits under the automatic...
India’s central bank to identify bulwark in a financial crisis
The RBI will designate up to six banks as Domestic Systemically Important Banks (D-SIBs) to reduce the risk of collapse of the financial system July 24, 2014: The Reserve Bank of India (RBI) has decided to designate up to six banks as Domestic Systemically Important Banks (D-SIBs) to reduce the risk of collapse of the...