RBI likely to launch plastic currency notes very soon
RBI likely to launch plastic currency notes very soon Reserve Bank Governor D Subbarao said the Reserve Bank of India will soon introduce plastic currency notes as they have longer shelf-life. He further said during More...
RBI informs exchange of Torn Currency Notes
Reserve Bank of India informs that the facility of distribution of currency notes and coins through its counters against soiled/torn currency is being extended to the public. Public can also tender their torn/soiled More...
Government has decided to put on hold the Banking Laws (Amendment) Bill
Government has decided to put on hold the Banking Laws (Amendment) Bill Getting a new bank license may take a little more time as the govt has decided to put on hold the Banking Laws (Amendment) Bill. Senior officials More...
RBI notifies changes in the FDI Policy
RBI notifies changes in the FDI Policy The Reserve Bank of India notified changes in the FDI policy to allow FIIs to invest up to 23 percent in commodity exchanges without seeking its prior approval. These changes More...
No prepayment penalty on home loans on floating rate, RBI says
No prepayment penalty on home loans on floating rate, RBI says Reserve Bank of India (RBI) has taken the decision that banks cannot impose foreclosure charges or prepayment penalty on home loans on floating rate. More...
Reserve Bank of India directs New Norms for holding companies
Reserve Bank of India directs New Norms for holding companies New Reserve Bank of India directions, besides controlling leveraging by the holding company, also seeks to control their investment in the financial More...
New law to introduce so RBI can sell 1percent stake in Nabard
New law to introduce so RBI can sell 1% stake in Nabard The government will amend a law governing the National Bank for Agriculture and Rural Development (Nabard) to allow the Reserve Bank of India (RBI) to sell More...