RBI

Rs 500 and Rs 1,000 notes scrapped: Restless people queue up in droves as banks open

While most people waited patiently, some got restless and made the task of bank officials a little more difficult.

Nov 10, 2016

'New Rs 2,000 note to come with nano GPS tracker' goes viral on WhatsApp; RBI clears the air

The FAQs detailed on RBI's official website do not mention anything about the presence of the GPS chip in the Rs 2,000 note.

Nov 10, 2016

Rs 500 and Rs 1,000 notes scrapped: Banks open today, will work through the weekend

The RBI has ordered banks to not only work on Saturday and Sunday but also ensure that they give priority to exchanging currency notes.

Nov 10, 2016

Analysts, industry experts react to ban on Rs 500, Rs 1,000 currency notes

The immediate ban on Rs 500 and Rs 1,000 currency notes announced by PM Narendra Modi took everyone by surprise.

Nov 9, 2016

Banks to work longer hours, open more counters to exchange Rs 500 and Rs 1,000 notes

The new notes will be introduced for circulation from November 10.

Nov 9, 2016

Rs 500 and Rs 1,000 notes scrapped: Here's everything you should know about the closure of banks and ATMs

Banks now have the onerous task of exchanging Rs 500 and Rs 1,000 notes and ensuring ATMs adhere to instructions given out by the RBI.

Nov 9, 2016

Here are 19 features of the new Rs 2,000 currency notes that the RBI is releasing soon

The Reserve Bank of India is releasing a new currency note of Rs 2,000 denomination soon.

Nov 9, 2016

PM Modi abolishes Rs 500 and Rs 1,000 notes from November 8 midnight; banks, ATM not open on November 9 [Image of new notes]

PM Modi has announced that people will have 50 days to exchange all these notes, as govt launches Rs 2,000 note.

Nov 8, 2016

Images of 'new' Rs 2,000 currency note go viral on social media; rumours hint at early 2017 launch

The Rs 2,000 currency notes are rumoured to be released soon. However, RBI is yet to come out with an official announcement.

Nov 7, 2016

State Bank of India slashes lending rates by 0.15%

The new marginal cost of funds based lending rate (MCLR) will be effective from November 1.

Oct 31, 2016

Supreme Court asks Reserve Bank to name big loan defaulters

The SC asked the RBI why it is against making names of 57 debtors, who have defaulted on repaying around Rs. 85,000 crore, public.

Oct 25, 2016

Evening wrap: Jayalalithaa 'progressing well', Rs 2,000 note soon, Baahubali 2 first look out and more

Read about TRAI fine on Airtel, Vodafone and Idea, and possible solution to the Bermuda Triangle mystery.

Oct 22, 2016

Inflation seen cooling to one-year low in September

The latest poll of over 30 economists showed retail inflation probably eased further last month to 4.80 percent.

Oct 12, 2016

Multi-Agency Group to probe Indians named in Panama Papers: Centre tells SC

The move to set up the committee is part of the Central government's efforts to bring home black money parked abroad.

Oct 4, 2016

Arun Jaitley hopeful RBI will keep interest rates low due to declining retail inflation

The next policy review meeting is scheduled to be held on October 4.

Sep 16, 2016

National Payments Corporation of India expands shareholding base to 56 banks

In the last six years, the umbrella organisation has grown from two million transactions a day to 25 million transactions.

Sep 13, 2016

RBI deputy governor R Gandhi to head monetary policy department

The portfolios of the deputy governors at the Reserve Bank of India were revised on the day Raghuram Rajan handed over governorship to Urjit Patel.

Sep 7, 2016

RBI focused on bringing inflation down to 4%, says governor Raghuram Rajan

Rajan also warned that "room to cut policy rates can emerge only if inflation is projected to fall further."

Aug 30, 2016

Ratan Tata, Nandan Nilekani, Vijay Kelkar team up for micro-finance firm

Avanti Finance will apply for registration to the RBI in a few days and will begin operations before the present fiscal ends.

Aug 30, 2016

New RBI governor Urjit Patel to head monetary policy panel

The decisions whether to cut the policy rates or not will be taken by the majority of the 6-member panel.

Aug 21, 2016