Others News

RBI: Rs 7755 Crore in Rs 2000 Notes Still with Public

06 June 2024 at 08:56

The total value of ₹2000 banknotes in circulation, which was ₹3.56 lakh crore at the close of business on May 19, 2023, when the withdrawal of ₹2000 banknotes was announced, has declined to ₹7755 crore at the close of business on May 31, 2024.

Posted in Others | 426 Views

RBI Launches PRAVAAH, Retail Direct Mobile Application and FinTech Repository

29 May 2024 at 09:15

Shri Shaktikanta Das, Governor, Reserve Bank of India launched three major initiatives of the Reserve Bank of India, namely the PRAVAAH portal, the Retail Direct Mobile App and a FinTech Repository

Posted in Others | 498 Views

RBI Announces Record Dividend of Rs 2.11 Lakh Crore To Government

23 May 2024 at 08:46

RBI approved the transfer of Rs 2,10,874 crore as surplus to the Central Government for the accounting year 2023-24.

Posted in Others | 507 Views

RBI appoints Shri R. Lakshmi Kanth Rao as new Executive Director

11 May 2024 at 09:03

The Reserve Bank of India (RBI) has appointed Shri R. Lakshmi Kanth Rao as Executive Director (ED) with effect from May 10, 2024.

Posted in Others | 366 Views

T. Rabi Sankar re-appointed as RBI Deputy Governor for one year

25 April 2024 at 08:51

The Central Government has re-appointed Shri T. Rabi Sankar as Deputy Governor, Reserve Bank of India for a period of one year with effect from May 03, 2024, or until further orders, whichever is earlier.

Posted in Others | 381 Views

RBI bans Kotak Mahindra Bank from onboarding new online customers

24 April 2024 at 18:49

Supervisory Action against Kotak Mahindra Bank Limited under Section 35A of the Banking Regulation Act, 1949

Posted in Others | 597 Views

RBI Imposes Rs 10 Lakh Penalty on NABFINS Limited for Non-Compliance

22 April 2024 at 08:50

In a recent development, the Reserve Bank of India (RBI) has levied a monetary penalty of Rs 10 lakh on NABFINS Limited, a subsidiary of NABARD, citing non-compliance with specific regulations.

Posted in Others | 2775 Views

RBI Issues Key Facts Statement (KFS) for Loans & Advances

19 April 2024 at 08:54

Key Facts Statement (KFS) for Loans & Advances

Posted in Others | 753 Views

Pune-Based Chartered Accountant Duped of Rs 3.4 Crore in Stock Trading Cyber Fraud

18 April 2024 at 17:08

A Pune-based Chartered Accountant was ensnared in a sophisticated cyber scam, suffering a devastating loss of Rs 3.4 crore to online fraudsters.

Posted in Others | 825 Views

Finance Ministry Proposes Enhanced KYC Procedure To Combat Cyber Scams

17 April 2024 at 08:52

In a proactive move aimed at curbing incidents like the BoB World app scam and other financial frauds, the finance ministry is advocating for a robust KYC procedure and rigorous due diligence by banks and financial institutions.

Posted in Others | 372 Views