RBI appoints R Lakshmi Kanth Rao as Executive Director
Prior to being promoted as an ED, Rao was serving as a Chief General Manager-in-Charge in the Department of Regulation.
Prior to being promoted as an ED, Rao was serving as a Chief General Manager-in-Charge in the Department of Regulation.
Bank of Baroda said on Wednesday that the RBI has lifted its ban on BoB World and the bank has now been allowed to onboard customers through the app.
The subsidiary will engage in several financial activities as a finance company within GIFT, including lending, investment, and other services.
According to the RBI directions, they can access overdraft facilities in nostro accounts solely for operational use.
"The value of these Rs 2,000 notes had come down to Rs 8,202 crore at the close of business on March 29, 2024," the RBI had said on April 1 as part of its currency update.
Cryptocurrencies are digital or virtual currencies in which encryption techniques are used to regulate the generation of their units and verify the transfer of funds, operating independently of a central bank.
The government has decided to issue the bonds in six tranches from May 2021 to September 2021. The RBI will issue the bonds on behalf of the Government of India.
The decision was taken at the 589th meeting of the Central Board under the chairmanship of RBI Governor Shaktikanta Das, through video conference.
The group will assist the RRA by identifying areas, regulations, guidelines and returns which can be rationalised.
Das stressed that RBI stands in "battle readiness" to ensure that financial conditions remain congenial and markets continue to work efficiently.