76% of total Rs 2,000 denomination notes in circulation returned to banks: RBI
The Reserve Bank of India (RBI) on Monday said that as much as 76 per cent of the total number of Rs 2,000 notes in circulation have been returned to banks.
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Banks
SC extends interim order on Loan Moratorium till Sept 28
TNI Bureau: While extending its interim order on loan moratorium till September 28, the Supreme Court has asked the Centre, RBI and Banks to work together and file a concrete reply on this issue.
The interim extension on moratorium on…
RBI allows deferment of EMIs on Term Loans for 3 Months
TNI Bureau: While announcing a slew of banking measures to fight the situation arisen out of lockdown due to Coronavirus outbreak, RBI Governor Shaktikanta Das has permitted all banks and NBFCs to allow a 3-month moratorium on EMIs on all…
Odisha Govt selects 14 banks to Handle Diposits of SPSUs and SLAS
The Government of Odisha have selected a panel of 14 banks for handling the business and deposits of the State Public Sector Undertakings(SPSUs) and State level Autonomous Societies(SLAS). These include two RBs, eight public sector banks,…
RBI says No to 0% Interest Schemes
The Reserve Bank of India (RBI) banned the ‘zero percent interest’ rate scheme on purchase of goods/products through credit cards to protect the consumers from camouflaged interest rates. It may put impact on the sale of products during…
Rupee Recovers, as RBI hikes Interest Rates
The Reserve Bank of India (RBI) has hiked the Marginal Standing Facility (MSF) rate and Bank Rate each by 200 basis points to 10.25 percent, to curb Rupee's fall against the USD. As a result, the Rupee bounced back by 1% to trade at 59.13…
22 Banks fined by RBI for violating KYC Norms
The Reserve Bank of India (RBI) has cracked the whip on erring banks, by imposing penalties on them for violating the KYC (Know Your Customers) rules and anti-money laundering norms. The Central Bank imposed Rs 49.5 crore fine on 22 banks,…
A Strike that costs India Rs 26,000 Crore
Editor's Desk: The nation of 1.2 billion came to a complete halt today, as 11 registered Trade Unions of the country went on a two-day strike to protest against UPA Government's "anti-people" policies. They achieved little, but delivered a…
Trade Union Strike hits Normal Life across India
Normal life has come to a standstill in Odisha and other parts of the country, as 11 registered trade unions have called for a two-day nation-wide strike to protest the UPA government's policies. Buses, autos and taxis stayed off the road…