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Shaktikanta Das

Pausing Interest Rate Hike Not In My Hands, Depends On On-Ground Situation: RBI Governor Shaktikanta Das

Speaking at an event organised by the industry chamber CII, Governor Shaktikanta Das said there is a suggestion that RBI will take a pause in the coming monetary policy meetings

24 May 2023

SBI Branch

Small Queues, Confusion Over Rules At Some As Rs 2000 Note Exchange Window Opens

The Reserve Bank of India (RBI) has not made the presentation of a valid ID or filling of deposit forms mandatory, there were complaints from some places that banks were demanding customers to submit identity cards as proof

23 May 2023

Delhi High Court

RBI Defends Before Delhi HC Rs 2000 Banknote Exchange Exercise

The court was hearing a plea by lawyer Ashwini Kumar Upadhyay that the notifications by the RBI and SBI enabling exchange of Rs 2000 banknotes without proof were arbitrary and against the laws enacted to curb corruption. 

23 May 2023

RBI Stops Printing Rs 2000 Note, Current Focus On Smaller Denominations, Including Rs 200

Withdrawal Of Rs 2000 To Have Favourable Impact On Deposits, Interest Rates: SBI Study

Ecowrap further said in digital payments, India has been witnessing new milestones, in both value and volume terms, which indicate the robustness of its payment ecosystem and acceptance by a wide stratum of consumers.

24 May 2023

Reserve Bank of India.

RBI Announces Auction Of 3 Long-Duration Central Government Bonds; Indicative Yield Over7%

The central government is expected to borrow around Rs. 15.43 lakh crore from the market in 2023-24, of which Rs 8.88 lakh crore in the first half of 2023-24 via bonds.

23 May 2023

RBI Governor Shaktikanta Das

RBI Governor Asks Public Sector Banks To Strengthen Governance

RBI Governor Shaktikanta Das was addressing a Conference for the Directors on the Boards of Public Sector Bank in the national capital

23 May 2023

Withdrawal of Rs 2,000 currency notes

Small Queues, Confusion Over Rules At Some As Rs 2000 Note Exchange Window Opens

RBI Governor Shaktikanta Das on Monday said there is enough time available for exchange and deposit in bank accounts, so people should not panic.

24 May 2023

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RBI Stops Printing Rs 2000 Note, Current Focus On Smaller Denominations, Including Rs 200

What Is The Cost Of Printing Rs 2000 Note? Here's What Government Data Says

Rs 2000 notes were introduced in 2016 after the Demonetisation exercise

23 May 2023

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22 May 2023
Maha: Petrol Pumps In Aurangabad See Increase In Payments Using Rs 2,000 Notes

Maha: Petrol Pumps In Aurangabad See Increase In Payments Using Rs 2,000 Notes

The Reserve Bank of India (RBI) on Friday announced the withdrawal of Rs 2,000 currency notes, and gave people time till September 30 to either deposit these...


21 May 2023
Those Who Accumulated Rs 2000 Notes Illegally Are Crying Over RBI's Decision To Withdraw Them: Anil Vij

Those Who Accumulated Rs 2000 Notes Illegally Are Crying Over RBI's Decision To Withdraw Them: Anil Vij

In a surprise move, the RBI on Friday announced the withdrawal of Rs 2,000 currency notes from circulation but gave the public time till September 30 to either...


21 May 2023
No Form Or Identity Proof Required For Exchanges Of Rs 2,000 Notes

No Form Or Identity Proof Required For Exchanges Of Rs 2,000 Notes

RBI on Friday in a surprise move announced withdrawal of Rs 2,000 currency notes from circulation but gave public time till September 30 to either deposit such...


21 May 2023
FPIs Bring In Rs 30,945 Crore In May On Strong Economic Fundamentals

FPIs Bring In Rs 30,945 Crore In May On Strong Economic Fundamentals

Foreign investors have put in Rs 30,945 crore in the Indian equities in May so far, driven by strong macroeconomic fundamentals, prospect of reducing interest...


20 May 2023
Another Whimsical, Tughlaqi Demonetisation Drama: Mamata After RBI Announces Withdrawal Of Rs 2,000 Notes

Another Whimsical, Tughlaqi Demonetisation Drama: Mamata After RBI Announces Withdrawal Of Rs 2,000 Notes

“Such misadventure by an oligarchic & authoritarian government will not be forgotten by the people at large at the time of reckoning,” she said.


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20 May 2023
When India Stood In Line In Demonetisation Drive

When India Stood In Line In Demonetisation Drive

On November 8, 2016, Prime Minister Narendra Modi announced that Rs 500 and 1,000 notes would cease to be legal tender. The announcement followed long lines at...


19 May 2023
Is It Demonetisation 2.0? Here’s All You Need To Know About Withdrawal Of Rs 2,000 Notes

Is It Demonetisation 2.0? Here’s All You Need To Know About Withdrawal Of Rs 2,000 Notes

The Reserve Bank Of India has asked all the banks in the country to stop issuing notes of Rs 2,000 denomination


19 May 2023
RBI Withdraws Rs 2,000 Currency Notes, Exchange Facility Available Until September 30, 2023

RBI Withdraws Rs 2,000 Currency Notes, Exchange Facility Available Until September 30, 2023

Rs 2,000 currency note was introduced in November 2016 following the central government's demonetisation move


19 May 2023
RBI To Withdraw Rs 2,000 Currency Notes From Circulation

RBI To Withdraw Rs 2,000 Currency Notes From Circulation

Exchange facility for Rs 2,000 bank notes up to Rs 20,000 at a time would be available from May 23, the RBI said in a statement.


19 May 2023
RBI Approves Rs 87,416 Crore Dividend Payout To Government For 2022-23

RBI Approves Rs 87,416 Crore Dividend Payout To Government For 2022-23

The decision was taken at the 602nd meeting of the Central Board of Directors of Reserve Bank of India held under the chairmanship of Governor Shaktikanta Das


16 May 2023
HDFC Life Announces Highest Ever Bonus Worth Rs 3,660 Crore For Over 23 Lakh Policyholders

HDFC Life Announces Highest Ever Bonus Worth Rs 3,660 Crore For Over 23 Lakh Policyholders

Around Rs 2,696 crore will be disbursed this fiscal while rest will be done in future.


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16 May 2023
‘100 Days 100 Pays': How RBI Aims To Make Retrieving Unclaimed Deposits Easier

‘100 Days 100 Pays': How RBI Aims To Make Retrieving Unclaimed Deposits Easier

RBI will launch a 100-day campaign from June 1, 2023, to settle unclaimed bank deposits across India. As part of the drive, banks must first trace the owners...


12 May 2023
How Do Salary And Regular Savings Accounts Compare

How Do Salary And Regular Savings Accounts Compare

Are you confused whether you should have a salary account along with a savings account? Learn about the benefits of a salary account to see how it works for...


12 May 2023
NRIs Consider India A Top Investment Destination, Says Survey

NRIs Consider India A Top Investment Destination, Says Survey

A recent survey indicates that a majority of non-resident Indians (NRIs) believe India offers better investment returns. Read on to know how NRIs overcome the...


03 May 2023
India's Green Financing Requirement Estimated At 2.5% Of GDP: RBI Study

India's Green Financing Requirement Estimated At 2.5% Of GDP: RBI Study

On policy options to mitigate climate risks, the report said the enormous scale of the green transition challenge and the colossal cost of delayed policy...


27 April 2023
Indian Banking System Remained Resilient, Not Adversely Impacted By Recent Global Events: Shaktikanta Das

Indian Banking System Remained Resilient, Not Adversely Impacted By Recent Global Events: Shaktikanta Das

The RBI is committed for future proofing of the Indian financial system and to provide support for its sustainable growth


25 April 2023
RBI Imposes Rs 44 Lakh Penalty On 4 Co-Operative Banks

RBI Imposes Rs 44 Lakh Penalty On 4 Co-Operative Banks

A monetary penalty of Rs 2 lakh has been imposed on Baran Nagrik Sahkari Bank, Baran, Rajasthan for contravention of certain norms


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