Tag Archives: RBI
Note Ban Talks Began Early Last Year: Urjit Patel To Parliamentary Panel
Reserve Bank of India Governor Urjit Patel is learnt to have told the parliamentary panel on demonetisation that discussions between the central bank and the government on the process began early last year. Congress members of the committee asked questions like whose decision was it to withdraw h..
Congress Workers Gherao RBI Office To Protest Demonetisation
Hundreds of Congress party protesters gheraoed the RBI office here on Wednesday with slogans denouncing demonetisation and the Centre's role in "destruction of the RBI's autonomy". The agitators vented their anger against the BJP-led government for "expropriation of power" from the central bank a..
RBI Hikes ATM, Current Account Withdrawal Limits
The RBI on Monday hiked the daily ATM withdrawal limit from Rs 4,500 to Rs 10,000 and the weekly Current Account withdrawal limit from Rs 50,000 to Rs 1 lakh. The withdrawals from ATMs will be operative within the existing overall weekly limit of Rs 24,000, a Reserve Bank of India communique said..
RBI’s Own Figures Indicate Return Of 15 Lakh Crore Of Banned Notes
Despite the Reserve Bank of India dismissing reports that suggested 97 per cent of the demonetised currency had returned to the bank's coffers by December 30, its own weekly figures on "currency in circulation" indicate that this number is correct. These figures, in fact, suggest that only Rs 54,..
Danger To Life Of Person Who Discloses Information On Demonetised Notes: RBI
The Reserve Bank of India (RBI) has refused to divulge details regarding the number of demonetised notes already at banks on the evening of November 8, the day on which Prime Minister Narendra Modi announced a ban on currency of Rs 500 and Rs 1000. Responding to an RTI query, the RBI claimed an e..
Are New Currency Notes Reaching Directly To The Individuals From The Mints?
After demonetisation lots of black money was flushed out and banks has received lakhs of crore of rupees deposited post note ban, Meanwhile, people are facing hardships to get the money exchanged after demonetisation as government has announced limitations on exchanging the scrapped money into new c..
2000 Rs Currency Notes Issued By SBI Without Mahatma Gandhi Shocked Madhya Pradesh Villagers
Can you imagine a 2000 Rs currency notes without Mahatma Gandhi? What would you do with a note without Mahatma Gandhi’s image on it? A printing error in currency notes left villagers of Madhya Pradesh's Sheopur district shocked after they received Rs 2,000 notes without the image of Mahatma Gan..
Delhi: Woman Became Topless At RBI Office Gate To Exchange Old Currency Notes
A frustrated poor woman became topless in front of RBI regional office in the capital On Wednesday as she was unable to get a few scrapped old currency notes exchanged in to new one. The woman, who was with her child, was in tears when turned away by guards after repeated request to exchange her..
RBI to Announce Facility for NRIs to Exchange Old Notes
New Delhi: The Reserve Bank of India (RBI) on Saturday said that it will introduce a facility for exchange of old specified bank notes for Indian residents and NRIs, who were abroad from November 9 to December 30. According to a RBI notification, Indian residents, who were abroad during November ..
RBI To Announce Facility For NRIs To Exchange Old Notes
The Reserve Bank of India (RBI) on Saturday said that it will introduce a facility for exchange of old specified bank notes for Indian residents and NRIs, who were abroad from November 9 to December 30. According to a RBI notification, Indian residents, who were abroad during No..