Tag: RBI
RBI introduces the Voluntary Retention Route for Investments by Foreign Portfolio Investors
Mumbai-The Statement on Development and Regulatory Policies in the Monetary Policy Statement dated October 05, 2018 had announced a separate scheme called Voluntary Retention Route to encourage Foreign Portfolio Investors to undertake long-term investments in Indian debt markets. Investment under
Reserve Bank will soon introduce Rs 20 notes with additional features
New Delhi- RBI will soon introduce Rs 20 notes.New-look currency notes in the denominations of Rs 10, Rs 50, Rs 100, and Rs 500 has been already issued by RBI , besides introducing Rs 200 and Rs 2000 notes after
Petition in Delhi HC against RBI circular on crypto currencies
New Delhi-Maharashtra based company has challenged an Reserve Bank of India circular, prohibiting banks and financial institutions from providing services in relation to trading in crypto currencies , in the High Court of Delhi.The petitioner has sought the withdrawal of
Indian economy is expected to accelerate in 2018-2019 – Urjit Patel
Washington-India growth is expected to expand at 7.4 per cent in the next fiscal said RBI Governor Urjit Patel.He was addressing the IMF Committee in Washington.He said Indian economy turned in a resilient performance in 2017-18, and it is expected
RBI have taken all steps to meet unusual demand of the currency
New Delhi-There are reports of cash shortages and some ATMS running dry of cash or becoming nonfunctional in some parts of the country.There has been unusual spurt in currency demand in the country in last three months. n the current
Reserve Bank of India status quo on key rate indicates growth will pick up
New Delhi-RBI decision to maintain status quo on policy interest rate is a welcome move and indicates that the growth will pick up from here onwards said SC Garg Secretary to Department of Economic Affairs.He said, MPC expects growth to
RBI make mandatory of Linkage of Aadhaar number to bank account
New Delhi-Biometric identity number Aadhaar linkage with bank accounts is mandatory said RBI.Reserve Bank of India clarification followed media reports quoting a reply to a Right to Information (RTI) application which suggested the apex bank has not issued any order
Reserve Bank of India will introduce 100 rupees coin
New Delhi -100 rupees coin to mark the birth centenary of AIADMK founder Late Dr M G Ramachandran will be introduced by RBI. Finance Ministry has issued notification in this regard.On the obverse, the face of the coin will bear
Foreign exchange reserves of India shot up by 3.57 billion dollars
New Delhi-Foreign exchange reserves of India shot up by a massive 3 point 57 billion dollars to touch a high of over 398 billion dollars for the week ended September 1. RBI showed the increase in the country’s foreign currency
Reserve Bank of India to issue new batch of Rs 500 notes
New Delhi-New batch of 500 rupee banknotes with inset letter “A” in both the number panels, bearing the signature of RBI Governor Dr. Urjit R. Patel will be issued by Reserve Bank of India. New 500 rupee banknotes will have
