RBI
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RBI approves to transfer ₹ 500 billion surplus to Govt.
On 8 August, 2018 Central Board of Directors of RBI in its meeing approved to transfer surplus amount of ₹…
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FBIL to compute reference rate for INR/USD and exchange rate
RBI announces that Financial Benchmarks India Private Limited (FBIL) has taken over the process of computing and disseminating reference rate…
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RBI increases REPO rate to 6.5% in Third Bi-monthly Monetary Policy Statement
On August 1, 2018 in the Monetary Policy Committee, RBI decides to increase policy REPO rate to 6.5% under the…
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RBI keeps the interest rate for Small Saving Schemes unchanged for second quarter
Govt. announces to keep the interest rates on Small Savings Schemes for the second quarter of financial year 2018-19 starting…
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RBI directs to incorporate Purchaser’s name on the face of Demand Draft, amends Master Direction on KYC
RBI directs bank to incorporate purchaser’s name on the face of the demand draft, pay order, banker’s cheques, etc., by…
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RBI to issue New Design of ₹ 100 note
RBI announces to shortly issue ₹ 100 denomination banknotes in the Mahatma Gandhi (New) Series, bearing signature of Dr. Urjit…
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SEBI directs Hapur Commodity Exchange Ltd to exit after merging with Forward Markets Commission
On June 29, 2018 SEBI passed an Order wherein Hapur Commodity Exchange Ltd (HCEL) is directed to exit after the…
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RBI introduces new system for monitoring foreign investment limits
RBI introduces new system for monitoring foreign investment limits. Therefore, invites Authorised Dealer Category -1 (AD Category – 1) to…
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RBI imposes penalty of ₹ 30 million on IDBI Bank Limited
RBI imposes penalty of ₹ 30 million on IDBI Bank Limited for non- compliance of Income Recognition and Asset Classification…
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RBI imposes penalty of ₹589 million on ICICI Bank Limited
RBI imposes penalty of ₹589 million (Rs. 58.9 crores) on ICICI Bank Limited for violating RBI directions on direct sale…
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