88% of Rs 2,000 notes returned to banks, reveals RBI
MUMBAI: The Reserve Bank on Tuesday said 88 per cent of the Rs 2,000 banknotes valued at Rs 3.14 lakh crore have returned to the banking system after it announced …
rbi
Sources say Kotak, the wealthiest Asian banker, under pressure to select external candidate for successor
India’s banking regulator is nudging Kotak Mahindra Bank to select someone outside the lender’s ranks to succeed billionaire founder Uday Kotak as the next Chief Executive Officer, according to people …
India’s foreign exchange reserves decline by $1.98 billion to $607.03 billion
MUMBAI: India’s forex reserves dropped by $1.987 billion to $607.035 billion for the week ended July 21, the Reserve Bank has said. The overall reserves had increased by $12.743 billion …
Sources say that the Reserve Bank of India (RBI) is reviewing the succession of banking tycoon Uday Kotak.
MUMBAI: India’s banking regulator is urging Kotak Mahindra Bank Ltd. to choose an external candidate as the next Chief Executive Officer to succeed billionaire founder Uday Kotak, according to sources …
Experts suggest RBI is likely to maintain status quo on interest rates
NEW DELHI: The Reserve Bank of India (RBI)is likely to maintain status-quo on the key interest rates for the third time in a row in its upcoming bi-monthly policy review …
14 Days of Bank Holidays in August 2023: Banks to Remain Closed
Bank Holidays in August 2023: Banks To Be Closed For 14 Days in August Check City-wise List Bank Holidays: Tendong Lho Rum Faat Independence Day Parsi New Year (Shahenshahi) Tithi …
Finance Ministry denies proposal to extend exchange deadline for Rs 2,000 notes
The finance ministry confirmed on Monday that there are no plans to extend the deadline for the exchange of Rs 2,000 notes beyond September 30, 2023. Minister of State for …
Banks Step Up by Conducting Stress Tests on Loan Book Resilience
MUMBAI: Banks will soon have to conduct a stress test on their loan portfolio to measure climate change vulnerabilities. The Reserve Bank of India deputy governor M Rajeshwar Rao said …
India’s UPI Expanding to Operate in an Additional Nation
After Singapore, UAE, Nepal, Bhutan and France, Sri Lanka is the new country to adopt India’s Unified Payments Interface (UPI) payment service. Prime Minister Narendra Modi and Sri Lanka President …
Civic Authorities Expected to Venture onto Bond Street for Raising Funds up to Rs 1,000 Crore
A number of municipal corporations, including Vadodara, Chennai, Kolkata, Prayagraj, Agra, Kanpur, and Varanasi, are seeking to raise approximately ₹1,000 crore through the issuance of bonds in the current and …