Bank account holders have been asked to furnish the Aadhaar number by the year end failing which their accounts will cease to be operational.
FM said there was no plan to phase out Rs 2,000 notes. He also said the RBI will decide the timing for releasing Rs 200 notes.
The Reserve Bank has kept the key short term interest rates unchanged as widely expected but raised concerns over fiscal slippages in view of
The Reserve Bank Monday said it will reconstitute the oversight committee (OC) under its aegis to operationalise the banking ordinance for
President Pranab Mukherjee has promulgated an ordinance giving greater powers to the Reserve Bank to tackle the issue of mounting bad loans. The
The government today said the RBI has been authorised to conduct field trials of plastic notes of Rs 10 that have a longer life span. In a
The Reserve Bank today said the weekly limit on withdrawal of cash from savings bank accounts will be increased to Rs 50,000, from the current Rs
Contrary to popular belief, it was the Government which had advised the Reserve Bank to junk Rs 500 and Rs 1000 notes on November 7 and the board
In a relief to common man, the Reserve Bank tonight said cash withdrawal limit from ATMs will be increased to Rs 4,500 per day from the current
Government Wednesday appointed Viral V Acharya, a professor of Economics in the Department of Finance at the New York University (NYU), new
An official of the Reserve Bank of India here has been arrested by CBI for allegedly trying to exchange Rs 1.50 crore in old notes illegally.
Rejecting criticisms, the RBI today asserted that demonetisation decision was taken after detailed deliberations and not in haste, but conceded
The Reserve Bank today said enough cash is available at banks and people need not be anxious and make repeated trips to branches and ATMs to
Currency printing presses are running at “full capacity” to sustain demand for new notes, RBI said today, while asking people to