Tag: Bank of India
RBI Announces Fresh Rs 50K Crore Auction Under G-sec Acquisition Programme 2.0
RBI on Friday announced that it will conduct two more auctions of Rs 25,000 crore each for open market purchase of government securities under G-sec Acquisition Programme (G-SAP 2.0). ....
RBI Fines Punjab National Bank For Breach Of Rules
The Reserve Bank of India (RBI) said on Friday that it has imposed a penalty of Rs 1.32 crore on Punjab National Bank for non-compliance with regulations on ‘Loans and Advances – Statutory and Other Restrictions’ and breach of KYC norms.....
Woman Strips After Being Unable To Exchange Old Notes At RBI
A 30-year old woman on Wednesday stripped outside the Reserve Bank of India (RBI) office here in protest after she could not exchange her old demonetised currency notes from the central bank for the last three days, police said.....
Many ATMs Run Dry But Queues Get Shorter
The Reserve Bank of India (RBI) hiked the limit on daily withdrawal from ATMs from Rs 4,500 to Rs 10,000, but a day after the decision many ATMs across the national capital were without cash.....
Rs 9.2 Lakh Crore New Notes In System: Patel Tells MPs' Panel
Reserve Bank of India Governor Urjit Patel on Wednesday told a Parliamentary Standing Committee on Finance that Rs 9.2 lakh crore of new currency notes have been put in circulation since the high-value currency notes were demonetised on November 8.....
'Where Are The Fake Notes? Even RBI Doesn't Know'
The Reserve Bank of India has admitted it has no confirmed data of the number or value of fake currencies detected since the demonetisation of Rs 500 and Rs 1,000 notes, a RTI query has revealed.....
Demonetisation, A Right Decision At Right Time : PM Modi
Prime Minister Narendra Modi on Tuesday strongly defended his government's decision to ban high value currency notes, saying it was the right step taken at the right time to rid the Indian economy of tax evasion and black money.....
RBI Likely To Hold Interest Rates At Wednesday's Review
The Reserve Bank of India (RBI) is expected to hold key interest rates at its final monetary policy review for this fiscal on Wednesday -- its second after November's note ban -- in the wake of banks being flush with funds post-demonetisation and a firming up of global oil prices.....
RBI Maintains Status Quo On Key Lending Rate
India's central bank on Wednesday kept its key lending rates unchanged, as it shifted its monetary policy stand from accommodative to neutral citing inflationary fears and global uncertainties.....
Kejriwal Slams Modi After ATM Dispenses Fake Notes
Delhi Chief Minister Arvind Kejriwal on Wednesday slammed Prime Minister Narendra Modi after fake 2,000 rupee notes were allegedly dispensed by an ATM here.....
