Community & General News
RBI: Rs 7755 Crore in Rs 2000 Notes Still with Public
06 June 2024 at 08:56The 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.
RBI Launches PRAVAAH, Retail Direct Mobile Application and FinTech Repository
29 May 2024 at 09:15Shri 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
RBI Announces Record Dividend of Rs 2.11 Lakh Crore To Government
23 May 2024 at 08:46RBI approved the transfer of Rs 2,10,874 crore as surplus to the Central Government for the accounting year 2023-24.
RBI appoints Shri R. Lakshmi Kanth Rao as new Executive Director
11 May 2024 at 09:03The Reserve Bank of India (RBI) has appointed Shri R. Lakshmi Kanth Rao as Executive Director (ED) with effect from May 10, 2024.
T. Rabi Sankar re-appointed as RBI Deputy Governor for one year
25 April 2024 at 08:51The 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.
RBI bans Kotak Mahindra Bank from onboarding new online customers
24 April 2024 at 18:49Supervisory Action against Kotak Mahindra Bank Limited under Section 35A of the Banking Regulation Act, 1949
RBI Imposes Rs 10 Lakh Penalty on NABFINS Limited for Non-Compliance
22 April 2024 at 08:50In 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.
RBI Issues Key Facts Statement (KFS) for Loans & Advances
19 April 2024 at 08:54Key Facts Statement (KFS) for Loans & Advances
Pune-Based Chartered Accountant Duped of Rs 3.4 Crore in Stock Trading Cyber Fraud
18 April 2024 at 17:08A Pune-based Chartered Accountant was ensnared in a sophisticated cyber scam, suffering a devastating loss of Rs 3.4 crore to online fraudsters.
Finance Ministry Proposes Enhanced KYC Procedure To Combat Cyber Scams
17 April 2024 at 08:52In 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.
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