Citibank, Bank of Baroda, and IOB got into trouble after the Reserve Bank of India (RBI) took action against them.…
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Kapur served as the Monetary Policy Department’s adviser-in-charge and the Monetary Policy Committee’s secretary before being appointed to executive director.
According to an announcement from the RBI, the establishment of the web site would help customers find their unclaimed deposits and accounts so they may either collect the deposit money or activate their deposit accounts at their respective banks.
The 7.06 percent bonds due in 2028, 2033 new government securities, and 7.30 percent bonds maturing in 2053 will be auctioned off using the uniform price technique, the central bank announced in a press statement.
The RBI Governor claims that there are still significant uncertainties regarding the inflation outlook for the second half of the current fiscal year compared to April.
Mahesh Kumar Jain’s term as managing director of State Bank of India expires on June 22, and Janakiraman, who is currently in that position, will take over.
According to a top RBI official, the Reserve Bank of India (RBI) is implementing advanced analytics, artificial intelligence, and machine learning into supervisory data while taking the required precautions to obtain even more insight into the activities of monitored companies.
On June 2, The Reserve Bank of India (RBI) released a draft on Master Directions concerning Cyber Resilience and Digital Payment Security Controls for Payment System Operators (PSOs).
The Reserve Bank of India is determined to stop issuing currency in the amount of Rs 2,000 and has ordered everyone to swap their notes by September 30, 2023. However, the Rs 2,000 notes would still be accepted as legal tender.
The RBI has directed the Paytm Payments bank from taking on new customers with immediate effect. The reason for the…