At a briefing today, RBI governor Shaktikanta Das answered various questions regarding the withdrawal of Rs 2,000 currency notes from circulation. The Rs 2,000 was […]
Tag: rbi
Cosmos Bank earns highest ever profit; vows to scale newer heights
During the Financial Year ending on March 31st, 2023, The Cosmos Cooperative Bank Ltd., has earned a net profit of Rs 151 Crore and netted […]
NPCI leans on bank partnerships to push RuPay credit cards
The National Payments Corporation of India (NPCI) is looking to aggressively push up the usage of RuPay credit cards in the market and is seeking […]
No extra cost to reconfigure ATMs
Banks will not have to bear the additional cost of recalibrating the automated teller machines (ATMs) following the withdrawal of the ₹2,000 currency notes, as […]
SBI slow in procurement from GeM portal; lags behind smaller counterparts in 2022-23
India’s largest lender SBI was quite slow in procuring goods and services from government-owned GeM portal in 2022-23 and lagged behind smaller counterparts, including Canara […]
RBI to transfer Rs 87,416 cr surplus to govt for FY23, up from ₹30,307 cr a year earlier
The Reserve Bank of India nearly tripled its annual surplus transfer to the government, helping the state reap a windfall that will ease worries about […]
RBI Governor meets UCB leaders; brainstorms on sector’s growth
The RBI Governor Shaktikanta Das held a meeting with the representatives of National Federation of Urban Co-operative Banks and Credit Societies Limited (NAFCUB), select Federations […]
₹2000 Denomination Banknotes – Withdrawal from Circulation; Will continue as Legal Tender
The ₹2000 denomination banknote was introduced in November 2016 under Section 24(1) of RBI Act, 1934, primarily to meet the currency requirement of the economy […]
Credit card spends in foreign currency to attract 20% TCS
New Delhi: Foreign currency payments such as digital subscriptions to publications or goods bought on foreign ecommerce sites through international credit cards will count toward […]
Bank of Baroda ‘well protected’ for switch to RBI’s new loan-loss proposal, says CEO Chadha
Bank of Baroda does not foresee any challenges in adhering to the central bank’s proposed loan-loss mechanism given its improved asset quality ratios and will […]