Community & General News

RBI Keeps Repo Rate Unchanged At 6.50%

10 August 2023 at 11:14

Keep the policy repo rate under the liquidity adjustment facility (LAF) unchanged at 6.50 per cent.

Posted in Community & General | 5751 Views

RBI Discloses 88% Return of Rs 2000 Notes

04 August 2023 at 08:45

88% of the ₹2000 banknotes in circulation as on May 19, 2023, have since been returned

Posted in Community & General | 5544 Views

RBI clarifies Star Series bank notes are legal

28 July 2023 at 10:41

On 27th July the Reserve Bank of India (RBI) clarified that banknotes with a star (*) symbol are legal and valid currency.

Posted in Community & General | 10212 Views

RBI receives Rs 2.72 Lakh Crore in Rs 2000 notes since 19th May

04 July 2023 at 15:40

The Reserve Bank of India (RBI) has received ₹2.72 lakh crore in ₹2000 notes since May 19, 2023. This is about 76% of the ₹2,000 banknotes that were in circulation as on May 19.

Posted in Community & General | 5787 Views

RBI refutes reports of Rs 88,032 crore worth of missing Rs 500 bank notes

19 June 2023 at 08:43

RBI on Sunday refuted reports that Rs 88,032.5 crore worth of Rs 500 notes have gone missing. The RBI said that all the banknotes supplied from printing presses to the central bank are properly accounted for.

Posted in Community & General | 10395 Views

RBI | Rs 2000 Notes to be Withdrawn from Circulation but Remain Legal Tender

19 May 2023 at 19:43

Rs.2000 Denomination BanknotesWithdrawal from Circulation; Will continue as Legal Tender

Posted in Community & General | 6951 Views

FM highlights investments via PLI schemes as top priority for economic growth

15 May 2023 at 08:38

Finance Minister Nirmala Sitharaman stressed the government’s priority to incentivise and encourage expenditures in India through production-linked incentive (PLI) schemes

Posted in Community & General | 3852 Views

RBI directs banks to extend priority loans to GST-Exempted informal units with UAC

12 May 2023 at 08:50

RBI has informed all financial institutions including banks and NBFCs to treat informal micro enterprises (IMEs) not covered under the GST regime or exempted from the CGST Act, 2017, but having the Udyam Assist Certificate (UAC) as micro enterprises

Posted in Community & General | 3558 Views

RBI simplifies the application process for registration of Core Investment Companies

11 April 2023 at 08:33

The Reserve Bank has undertaken a comprehensive review of the system of processing of applications for registration as Core Investment Companies (CICs) to make the registration process smoother and hassle free.

Posted in Community & General | 4734 Views

More than 40.82 crore loans amounting to Rs. 23.2 lakh crore sanctioned under PMMY since inception

08 April 2023 at 08:39

MUDRA helped in generation of large-scale employment opportunities at grassroots level and also proved a game changer while boosting Indian economy: Finance Minister Smt. Nirmala Sitharaman

Posted in Community & General | 3132 Views