All posts tagged "RBI"
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210NEWS‘No debit transaction from inoperative accounts’
For deposits, if the customers have not withdrawn the proceeds after maturity or transferred these to their savings account, the banks should...
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194NEWSUnclaimed Money Alert! RBI Asks Banks To Step Up Efforts To Reunite Owners With Funds
A savings/current account would be treated as inoperative, if there are no ‘customer-induced transactions’ in the account for a period of over...
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217MUST KNOWRBI’s Revised Instructions On Inoperative Accounts, Unclaimed Deposits in Banks To Be Effective From April 1
The RBI circular is applicable to all Commercial Banks (including RRBs) and all Co-operative Banks. New Delhi: The Reserve Bank of India...
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267NEWSRs 2,000 banknotes continue to be legal tender, 97.38% notes returned, says RBI
The Reserve Bank of India (RBI) on Monday said Rs 2,000 banknotes continue to be legal tender and that 97.38% of the withdrawn notes...
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159FINANCEGreen Deposits: RBI Releases Latest Guidelines For Banks, NBFCs
Planning to invest in green deposits? Reserve Bank of India releases frequently asked questions (FAQs) on the ‘Framework for acceptance of Green...
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204FINANCEIndia’s Forex Reserves Rose By USD 58 Billion Cumulatively In 2023
In 2022, India’s forex kitty slumped USD 71 billion cumulatively. Gold reserves during the week, however, declined by USD 102 million to...
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258BUSINESSWill gold prices touch ₹70,000 mark in 2024? Here’s what experts say
Earlier this month, the gold prices had skyrocketed again due to tensions in the Middle East. The price of gold is likely...
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237FINANCE
Forex Update: India’s Foreign Exchange Reserves Jump $4.47 Billion to $620.44 Billion
Gold reserves decline $107 million to $47.474 billion during the week ended December 22, while the special drawing rights were almost almost...
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160NEWS
RBI cancels licence of 2 co-operative banks
The Reserve Bank of India (RBI) has cancelled banking licence of The Botad Peoples Co-operative Bank with immediate effect and notified it as a...
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269MUST KNOWBank holidays 2024: Are banks open on New Year’s day, January 1?
The Reserve Bank of India releases list of bank holidays. Banks nationwide will be closed for New Year’s celebrations on Monday, so...
