Mumbai: The Reserve Bank of India imposed a ban a penalty of Rs 8.8 lakh on Power Finance Corporation (PFC) Limited on...
The RBI's ruling noted "persistent non-compliance and continued material supervisory concerns in the bank" that were...
New regulations intend to enhance scope of the payment system
The central bank clarified that 97.26% of the high-value currency notes prevalent as of May 19, 2023, have since been...
"How come most of the people in the queue have exactly 10 pieces of Rs 2,000 currency notes? There is reason to doubt...
For those wishing to deposit or exchange Rs 2,000 banknotes, 19 RBI offices across the country offer this facility.
The suspension comes days after the Reserve Bank of India (RBI) barred the state-owned bank from onboarding fresh...
The RBI said that the action is based on deficiencies in regulatory compliance and is not intended to pronounce upon the...
RBI had announced the withdrawal of Rs. 2000 banknotes from circulation on May 19. It had asked the masses to exchange...
A penalty of Rs 1.3 crore was imposed on SBI, Rs 1.62 crore on Indian Bank, Rs 1 crore on Punjab & Sind Bank, and Rs...
Former Deputy Governor Viral Acharya described the government's attempt to extract Rs 2-3 lakh crore as a 'back-door...
Data collected from major banks indicates that out of the total banknotes in the Rs 2000 denomination received back from...
However, the overall limit for offline transactions remains Rs 2,000 to contain the risks associated with the relaxation...
There have been instances of representatives of banks even indulging in physical violence while trying to recover loan...
