RBI Reserve Bank of India Deputy Governor Viral Acharya has resigned 6 months ahead of the scheduled end of his term to return to New York University Stern School of Business (NYU stern) in August as CV Starr Professor of Economics. A few weeks ago, Dr Acharya gave a letter to the RBI stating that […]
RBI Reserve Bank of India (RBI) is ready to launch lavender-coloured Rs 100 currency notes soon. New note will be smaller than in size than currenr Rs 100-rupee note that is in circulation signed by Urijit Patel, RBI Governor. Earlier Rs 100-rupee banknotes in the earlier series will continue to be in market. New Rs […]
RBI to introduce new Rs 50 notes: Old notes to remain legal tender The Reserve Bank will soon introduce new fluorescent blue Rs 50 bank notes bearing the motif of ‘Hampi with Chariot’ that depicts India’s cultural heritage. RBI said it will shortly issue these Rs 50 denomination banknotes in the Mahatma Gandhi (new) series. […]
RBI rate cut by 0.25 percentage; home, auto EMIs to be lower After a 10-month pause, the Reserve Bank on Wednesday cut benchmark lending rate by 0.25 per cent to over 6-year low citing reduction in inflation risk, a move that will lower interest on home, auto and corporate loans. The repo rate, at which […]
