Mr Abheek Barua, Chief Economist, HDFC Bank, on the monetary policy commented of the RBI policy, which was status quo as the central bank kept its policy rate and stance unchanged, as expected. However, the RBI seemed less hawkish on liquidity management compared to the previous policy which could be seen as a signal of […]
RBI Reserve Bank of India has decided to withdraw Rs 2,000 currency notes from circulation. However, the notes will continue as legal tender, the central bank said in a circular on Friday. The RBI has advised banks to stop issuing Rs 2,000 currency notes with immediate effect. In a circular, the central bank said that […]
Ahmedabad, April 20, 2023: The Reserve Bank of India has approved the appointment of Mr Kaizad Bharucha as the Deputy Managing Director and Mr Bhavesh Zaveri as Executive Director of HDFC Bank for a period of three years,with effect from April 19, 2023. A meeting of the Board of Directors of the Bank will be […]
Supreme Court is likely to give its judgement today on petitions challenging government’s decision of November 2016 to ban Rs 1,000 and Rs 500 currency notes. Rs 10 lakh crore wort h of money was wiped out of circulation overnight because of the move.Fifty-eight petitions were filed in the apex Court challenging the notes ban, […]
Loan interest cannot be fully forgiven in the wake of Coronavirus epidemic Loan moratorium case.RBI Reserve Bank of India not to be put under pressure Not only the company but also the government has been harmed in the epidemic.Today Supreme Court of India refused to extend the six-month loan moratorium period offered by the Reserve […]
In wake of prevailing Covid-19 outbreak, Reserve Bank of India RBI cuts Repo rate by 40 bps to 4% from 4.4%.Reverse repo rate reduces by 40 bps to 3.35% from 3.75%. Inflation outlook uncertain. GDP Growth for FY may see a sharp fall even may go negative . A big concern says RBI Guv Shaktikanta […]
In many cities of India including Ahmedabad, Mumbai and Jaipur Yes Bank investors line up at ATM counter. Actually, RBI Reserve Bank of India has placed a temporary limit on cash withdrawal upto Rs 50,000 on Yes Bank till 4th April and news of merger of banks some investors pressed panic button and lined up […]
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. […]
