Tag Archives: RBI
12 Lakh New Notes Infused In Market Since Remonetisation: FM Arun Jaitley
Around 12 lakh new currency notes have been infused into the market by the Reserve Bank of India ever since the remonetisation process has started, Finance Minister Arun Jaitley said today. The RBI has informed that till February 24, a total of 11,64,100 new currency notes are in circulation in t..
Private Bank ATM Dispenses Fake Notes Published By Children Bank Of India
In yet another case in a month, an automated teller machine in south Delhi's Amar colony area dispensed a fake Rs 2,000 currency note with "Children Bank of India" printed on it, police said today. The fake bank note of Rs 2,000 denomination was dispensed from a private bank ATM in front of Sheet..
RBI Governor Urjit Patel Receives Threat Mail Asking Him To Quit Job
Reserve Bank of India Governor Urjit Patel allegedly received a threat mail asking him to quit the job from a 37-year-old man, who has been arrested from Nagpur, police said today. The RBI Governor received the email on February 23 in which the sender threatened to harm Patel and his family if he..
Can’t Disclose If Arun Jaitley Was Consulted On Demonetisation: Finance Ministry
The Finance Ministry has refused to disclose whether its boss Arun Jaitley was consulted before the announcement of demonetisation by Prime Minister Narendra Modi on November 8, 2016. The Prime Minister's Office (PMO) and the Reserve Bank of India (RBI) had earlier claimed that the query whether ..
Gujarat: Fake Currency Worth Rs 3.92 Cr Seized In Rajkot
Fake currency notes with a face value of Rs 3.92 crore have been seized from a car belonging to a city-based financier lodged in jail, police said today. The currency notes were suspected to be printed by Ketan Dave, a city-based financier, who is presently in judicial custody on charges of cheat..
Bitcoin: Can RBI Ignore The Elephant In The Room?
Virtual currencies like Bitcoin are all the rage in FinTech, and could potentially transform global commerce in the years ahead. Users are adopting them in the thousands each day and the value of trade in these currencies is witnessing unparalleled growth. The world over, regulators are working o..
Know Scribbled, Stapled Notes Are Legal Tenders Or Not; RBI Makes Clarification On Soiled Notes
The Reserve Bank of India (RBI) has clarified that currency notes which have messages scribbled on it are legal tender. The notes however, cease to b..
Government Notifies A Law Over Holding Demonetised Notes
The government has notified the law that makes holding of more than 10 scrapped notes punishable with a minimum fine of Rs 10,000. The Specified Bank Notes (Cessation of Liabilities) Act, 2017, was passed by Parliament last month with a view to eliminating the "possibility of running a parallel e..
Fake 2000 Rs Notes Dispensed By SBI ATM Released By ‘Children Bank of India’
At a time when many people are struggling to withdraw cash, a State Bank of India (SBI) ATM in South Delhi's Sangam Vihar dispensed fake Rs 2,000 notes. The notes, which could be passed off as genuine at first glance, are replete with errors and seem to be a prank at people's expense. The notes, ..
Printing Of New 1000 Rs Notes Underway; Will Be Launch Soon
The Reserve Bank of India and the government have finalised plans to launch a new series of 1,000 rupee notes to replace the ones that were withdrawn, Indian Express reported citing a government official they didn’t identify. It is not clear when the new notes will be introduced, but the RBI ha..