Category: RBI
Exchange/Refund of mutilated notes. RBI (Note Refund) Amendment Rules, 2018 RESERVE BANK OF INDIA NOTIFICATION Mumbai, the 5th September, 2018 RBI/DCM (NE) No. 631/08.01.01/2018-19.—In exercise of the powers conferred by the proviso to section 28 read with sub-section (1) and clause (q) of sub-section (2) of section 58 of …
RBI to Issue New Design Rs. 100 Denomination Banknote The Reserve Bank of India will shortly issue ₹ 100 denomination banknotes in the Mahatma Gandhi (New) Series, bearing signature of Dr. Urjit R. Patel, Governor, Reserve Bank of India. The new denomination has Motif of “RANI KI VAV” …
Name of purchaser to be mentioned on the face of Demand Draft, pay order, banker’s cheques, etc., by the issuing bank 15th September 2018 inwards-RBI Incorporation of Name of the Purchaser on the Face of the Demand Draft Reserve Bank of India has decided to incorporate the name …
RBI enforcement action framework for debarring statutory bank auditors for lapses in audit of commercial banks-Salient Features and Procedures As per Press Release issued in this regard, RBI has stated that Statutory Auditors (SAs) of banks play an important role in contributing to financial stability when they deliver quality …
RBI has released the Financial Stability Report (FSR). Stress Tests/ contagion analysis capture state of financial system under adverse but plausible scenarios As per the RBU Press Release, the said FSR reflects the overall assessment of the stability of India’s financial system and its resilience to risks emanating from …
RBI warns banks on vulnerability of ATMs running on windows XP or unsupported version of operating system and non-implementation of other security measures Control measures for ATMs – Timeline for compliance RBI has expressed concerns over the ATMs running on Windows XP and/or other unsupported operating systems. In …
RBI revises housing loan limits for eligibility under priority sector lending Presently, in terms of RBI Master Direction, loans to individuals up to Rs. 28 lakh in metropolitan centres (with population of ten lakh and above) and Rs. 20 lakh in other centres, are eligible to be classified …
RBI cancels Certificate of Registration of 5 NBFCs The Reserve Bank of India (RBI) has cancelled the certificate of registration of the following five Non-Banking Financial Companies (NBFCs). Sr. No. Company’s Name Address of Registered Office Certificate of Registration No. Issued On Date of cancellation 1. M/s Cygnus …
RBI cautions public on job scam through electronic communication by fake email and false letterheads. Advises to refer only its official website for any Recruitment related information RBI, in its Press Release dated 12th June, 2018 has warned general public about the job scam. As per the release, …
RBI Draft guidelines on Loan System for Delivery of Bank Credit-Minimum level of loan component and Effective date RBI had issued Statement on Developmental and Regulatory Policies issued on 5th April, 2018. The Statement set out various developmental and regulatory policy measures inter alia for strengthening regulation and supervision. …
