Tag: RBI
8 Results
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RBI’s monetary policy upsets mkts, Sensex closes 156 pts down
Disappointed by Reserve Bank of India’s decision to keep key interest rates unchanged, domestic bourses closed Wednesday’s trading session in the negative zone. The Sensex at the Bombay Stock Exchange (BSE) closed 156 points down at 26,237 and the Nifty at the National Stock Exchange (NSE) ended 41 points lower at 8,102. In its first …
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December 7, 2016 -
RBI to issue new Rs.50, Rs.20 notes; old notes to remain legal
The Reserve Bank of India will soon issue new notes of Rs.50 and Rs.20. The new Rs.20 note will bear signature of Dr Urjit R Patel, Governor of RBI and the year of printing ‘2016’ printed on the reverse of banknote with the inset letter ‘L’ while the new Rs.50 note will be without the …
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December 4, 2016 -
‘Easing pain’
As a matter of high principle politicians should avoid dragging heads of supposedly-autonomous institutions into their customary bickering. That lofty sentiment, however, is rooted in the premise that those “heads” strive to retain the independence of the institution, and place interests of the common folk above the political aspirations of the government of the day. …
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November 29, 2016 -
India forms task force to facilitate notes-exchange for Nepal, Bhutan
Indian currency is freely exchangeable in Nepal and Bhutan and following the Indian move to demonetise its high-value bank notes.
November 17, 2016 -
HC seeks Centre, RBI stand against surcharge on DC/CC payments
The Delhi High Court on Wednesday sought response of the Centre and RBI on a PIL contending that the surcharge levied on credit and debit card transactions was “illegal” and “discriminatory”. A bench of Chief Justice G Rohini and Justice Sangita Dhingra Sehgal said that in August it had already directed the Ministry of Finance …
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November 16, 2016 -
RBI may allow forex hedging by MNC subsidiaries
The RBI, which had first announced the move in the October policy review, has invited comments on the draft rules by November 11.
November 5, 2016 -
Customer not liable if fraud due to bank”s fault: RBI draft
Customer not liable if fraud due to bank''s fault: RBI draft
August 11, 2016 -
RBI eases priority sector norms to boost cash flow to MSMEs
RBI eases priority sector norms to boost cash flow to MSMEs
August 11, 2016