Browsing Tag
reserve bank of india
RBI extends deadline to return Rs 2,000 banknotes till Oct 7
The Reserve Bank of India (RBI) on Saturday extended deadline for exchanging Rs 2,000 notes till October 7, 2023. About 93 per cent of the Rs 2,000 banknotes have been returned to the banking system since the Reserve Bank of India (RBI) in…
Inflation to fall below RBI’s 6% upper tolerance from November: Morgan Stanley – Times of…
NEW DELHI: Morgan Stanley expects retail inflation to moderate to Reserve Bank of India’s 6 per cent upper tolerance target only from November.Retail inflation in India rose sharply in July to 7.44 per cent and in the process breached RBI's…
Richest Asian banker Kotak faces push to pick outsider as successor: Sources – Times of India
India’s banking regulator is nudging Kotak MahindraBank to select someone outside the lender’s ranks to succeed billionaire founder Uday Kotak as the next Chief Executive Officer, according to people familiar with the matter.The Reserve…
RBI: Banking tycoon Uday Kotak’s succession is under regulator review, say sources – Times of…
MUMBAI: India’s banking regulator is nudging Kotak Mahindra Bank Ltd. to select someone outside the lender’s ranks to succeed billionaire founder Uday Kotak as the next Chief Executive Officer, according to people familiar with the…
Bank Holidays in August: Lenders to Remain Shut for 14 Days This Month; See Full List – News18
Holidays in August 2023: According to the holiday calendar of the Reserve Bank of India (RBI), in August 2023, banks will be closed for 14 days across various including Sundays, second and fourth Saturdays.There will be eight state-specific…
‘Legal currency’, says RBI on ‘Star’ series banknotes. What are these?
Debunking what it said were ‘discussions on some social media platforms’ regarding its ‘Star’ series of banknotes, the Reserve Bank of India (RBI) on Thursday stated that these are completely valid, just like any other legal banknote.…
Digital payments rise 13% YoY at March-end 2023: RBI data
Digital payments across the country registered a growth of 13.24% in a year through March 2023, as per RBI's index that measures the adoption of online transactions. RBI's Digital Payments Index (RBI-DPI) stood at 395.57 at end-March 2023…