Reserve Bank of India (RBI) has imposed a penalty of Rs11.64 lakh on five cooperative banks for non-compliance with the ...

With the base case for a rate cut not yet crystallising, the tug of war between RBI and the government on this front would be ...

“If the Indian rupee has remained relatively stable despite external shocks including the largest and steepest tightening by ...

MUMBAI: Amidst rising signs of the economy losing steam, the Reserve Bank continues to exude confidence saying despite the ...

The Reserve Bank of India (RBI) reports that 98% of ₹2000 banknotes have returned to the banking system, leaving only ₹6970 ...

October 30, 2024 Reference is invited to our circular DCM (NPD) No.S488/18.00.14/2022-23 dated July 01, 2022 on “Note Sorting Machines – Authentication and Fitness Sorting Parameters”. 2. With a view ...

The ₹2,000 banknotes which have yet not been returned comprise 1.96 percent of the total value which amounted to ₹3.56 lakh ...

Banks and Business Correspondents (BCs) must verify the remitter’s cell phone number and documents. Remitters will be ...

It must tame general inflation as a priority, and prices can rise in interlinked ways. Also, India’s central bank must keep ...

The Indian rupee is poised to open at a lifetime low on Tuesday as market participants eye the U.S. presidential election, ...

The revised regulations are intended to improve the security of domestic money transfers and ensure compliance with current ...

RBI reports 98.04% of Rs 2000 banknotes returned, with Rs 6,970 crore worth still in circulation. The deadline for exchange ...