Press Releases - Consumer Education and Protection - RBI - Reserve Bank of India
Press Releases
Dec 29, 2016
RBI issues Directions to Nashik Zilla Girna Sahakari Bank Ltd., Nashik Maharashtra
Nashik Zilla Girna Sahakari Bank Ltd., Nashik, Maharashtra, was placed under directions for a period of six months vide directive dated September 8, 2015 from the close of business on September 9, 2015. The validity of the directions was extended vide directive dated March 03, 2016 for a period of six months and vide directive dated August 25, 2016. The public is hereby advised that paragraph 1(i) of the Directives so issued to Nasik Zilla Girna Sahakari Bank Ltd., Na
Nashik Zilla Girna Sahakari Bank Ltd., Nashik, Maharashtra, was placed under directions for a period of six months vide directive dated September 8, 2015 from the close of business on September 9, 2015. The validity of the directions was extended vide directive dated March 03, 2016 for a period of six months and vide directive dated August 25, 2016. The public is hereby advised that paragraph 1(i) of the Directives so issued to Nasik Zilla Girna Sahakari Bank Ltd., Na
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Dec 23, 2016
RBI opens the Office of the Banking Ombudsman at Ranchi
Considering the significant increase in banking network during the recent past and the large jurisdiction being covered by the current Office of the Banking Ombudsman, Patna, the Reserve Bank of India has set up an Office of the Banking Ombudsman for the State of Jharkhand at Reserve Bank of India, Ranchi. The Office of the Banking Ombudsman at Reserve Bank of India, Ranchi will have the jurisdiction over the entire State of Jharkhand, which hitherto was under the jur
Considering the significant increase in banking network during the recent past and the large jurisdiction being covered by the current Office of the Banking Ombudsman, Patna, the Reserve Bank of India has set up an Office of the Banking Ombudsman for the State of Jharkhand at Reserve Bank of India, Ranchi. The Office of the Banking Ombudsman at Reserve Bank of India, Ranchi will have the jurisdiction over the entire State of Jharkhand, which hitherto was under the jur
Dec 23, 2016
RBI opens the Office of the Banking Ombudsman at Dehradun
Considering the significant increase in banking network during the recent past and the vast jurisdiction being covered by the current Office of the Banking Ombudsman, Kanpur, the Reserve Bank of India has set up an Office of the Banking Ombudsman at Reserve Bank of India, Dehradun. The Office of the Banking Ombudsman at Reserve Bank of India, Dehradun will have the jurisdiction over the entire State of Uttarakhand and also the seven districts of Western Uttar Pradesh
Considering the significant increase in banking network during the recent past and the vast jurisdiction being covered by the current Office of the Banking Ombudsman, Kanpur, the Reserve Bank of India has set up an Office of the Banking Ombudsman at Reserve Bank of India, Dehradun. The Office of the Banking Ombudsman at Reserve Bank of India, Dehradun will have the jurisdiction over the entire State of Uttarakhand and also the seven districts of Western Uttar Pradesh
Dec 23, 2016
Issue of ₹ 5 coins to commemorate the occasion of "University of Mysore Centenary Celebrations”
The Government of India has minted the above mentioned coins which the Reserve Bank of India will shortly put into circulation. The design details of these coins as notified in The Gazette of India-Extraordinary-Part II-Section 3-Sub-section (i)-No.591 dated August 24, 2016 published by the Ministry of Finance, Department of Economic Affairs, are as follows - Obverse - The face of the coin shall bear the Lion Capitol of Ashoka Pillar in the centre with the legend "सत्
The Government of India has minted the above mentioned coins which the Reserve Bank of India will shortly put into circulation. The design details of these coins as notified in The Gazette of India-Extraordinary-Part II-Section 3-Sub-section (i)-No.591 dated August 24, 2016 published by the Ministry of Finance, Department of Economic Affairs, are as follows - Obverse - The face of the coin shall bear the Lion Capitol of Ashoka Pillar in the centre with the legend "सत्
Dec 21, 2016
RBI signs Memorandum of Understanding (MoU) on “Supervisory Cooperation and Exchange of Supervisory Information” with the Banking Regulation and Supervision Agency, Turkey
The Reserve Bank of India signed a Memorandum of Understanding (MoU) on “Supervisory Cooperation and Exchange of Supervisory Information” with Banking Regulation and Supervision Agency of Republic of Turkey. The MoU was signed by Mr Mehmet İrfan Kurt, Vice Chairman on behalf of Banking Regulation and Supervision Agency and Mrs Meena Hemchandra, Executive Director on behalf of Reserve Bank of India. The Reserve Bank has entered into Memorandam of Understanding, Letter
The Reserve Bank of India signed a Memorandum of Understanding (MoU) on “Supervisory Cooperation and Exchange of Supervisory Information” with Banking Regulation and Supervision Agency of Republic of Turkey. The MoU was signed by Mr Mehmet İrfan Kurt, Vice Chairman on behalf of Banking Regulation and Supervision Agency and Mrs Meena Hemchandra, Executive Director on behalf of Reserve Bank of India. The Reserve Bank has entered into Memorandam of Understanding, Letter
Dec 21, 2016
RBI Imposes Monetary Penalty on Five Authorised Dealer Banks
The Reserve Bank of India has imposed monetary penalty on the following five banks for violation of Reserve Bank of India’s instructions on reporting requirements of the Foreign Exchange Management Act, 1999 (FEMA). The details of the penalty amounts are: S. No. Name of the bank Penalty Amount (in ₹) 1. Bank of America 10,000 2. Bank of Tokyo Mitsubishi 10,000 3. Deutsche Bank 20,000 4. The Royal Bank of Scotland 10,000 5. Standard Chartered Bank 10,000 The penalties
The Reserve Bank of India has imposed monetary penalty on the following five banks for violation of Reserve Bank of India’s instructions on reporting requirements of the Foreign Exchange Management Act, 1999 (FEMA). The details of the penalty amounts are: S. No. Name of the bank Penalty Amount (in ₹) 1. Bank of America 10,000 2. Bank of Tokyo Mitsubishi 10,000 3. Deutsche Bank 20,000 4. The Royal Bank of Scotland 10,000 5. Standard Chartered Bank 10,000 The penalties
Dec 21, 2016
Distribution of Banknotes during November 10 to December 19, 2016
Consequent to the announcement of withdrawal of Legal Tender status of banknotes of ₹ 500 and ₹ 1000 denominations from the midnight of November 8, 2016, the Reserve Bank of India made arrangements for supply of adequate quantity of banknotes in various denominations to the public through the banks. Over the period from November 10, 2016 upto December 19, 2016, banks have reported that banknotes worth ₹ 5,92,613 crore have been issued to public either over the counter
Consequent to the announcement of withdrawal of Legal Tender status of banknotes of ₹ 500 and ₹ 1000 denominations from the midnight of November 8, 2016, the Reserve Bank of India made arrangements for supply of adequate quantity of banknotes in various denominations to the public through the banks. Over the period from November 10, 2016 upto December 19, 2016, banks have reported that banknotes worth ₹ 5,92,613 crore have been issued to public either over the counter
Dec 19, 2016
RBI to issue of ₹ 50 Banknotes with inset letter ‘R’, with numerals in ascending size in number panels, and without intaglio printing
The Reserve Bank of India will shortly issue ₹ 50 denomination banknotes in the Mahatma Gandhi Series-2005, with inset letter ‘R’ in both the number panels, bearing signature of Dr. Urjit R. Patel, Governor, Reserve Bank of India, and the year of printing '2016' printed on the reverse of the banknote. These banknotes have the ascending size of numerals in the number panels; the banknotes are similar to the banknotes of ₹ 50 issued earlier in Mahatma Gandhi Series-2005
The Reserve Bank of India will shortly issue ₹ 50 denomination banknotes in the Mahatma Gandhi Series-2005, with inset letter ‘R’ in both the number panels, bearing signature of Dr. Urjit R. Patel, Governor, Reserve Bank of India, and the year of printing '2016' printed on the reverse of the banknote. These banknotes have the ascending size of numerals in the number panels; the banknotes are similar to the banknotes of ₹ 50 issued earlier in Mahatma Gandhi Series-2005
Dec 19, 2016
RBI to issue of ₹ 50 Banknotes with inset letter ‘L’, with numerals in ascending size in number panels, and without intaglio printing
The Reserve Bank of India will shortly issue ₹ 50 denomination banknotes in the Mahatma Gandhi Series-2005, with inset letter ‘L’ in both the number panels, bearing signature of Dr. Urjit R.Patel, Governor, Reserve Bank of India, and the year of printing '2016' printed on the reverse of the banknote. These banknotes have the ascending size of numerals in the number panels; the banknotes are similar to ₹ 50 banknotes issued earlier in Mahatma Gandhi Series-2005 through
The Reserve Bank of India will shortly issue ₹ 50 denomination banknotes in the Mahatma Gandhi Series-2005, with inset letter ‘L’ in both the number panels, bearing signature of Dr. Urjit R.Patel, Governor, Reserve Bank of India, and the year of printing '2016' printed on the reverse of the banknote. These banknotes have the ascending size of numerals in the number panels; the banknotes are similar to ₹ 50 banknotes issued earlier in Mahatma Gandhi Series-2005 through
Dec 19, 2016
Issue of ₹ 500 banknotes with the inset letter ‘R’
In continuation of issuing of ₹ 500 denomination banknotes in Mahatma Gandhi (new) series which are currently legal tender, a new batch of banknotes with inset letter “R” in both the number panels, bearing the signature of Dr. Urjit R. Patel Governor, Reserve Bank of India, with the year of printing '2016’ are being issued The design of these notes is similar in all respects to the ₹ 500 banknotes in Mahatma Gandhi (New) Series which was notified through Press Release
In continuation of issuing of ₹ 500 denomination banknotes in Mahatma Gandhi (new) series which are currently legal tender, a new batch of banknotes with inset letter “R” in both the number panels, bearing the signature of Dr. Urjit R. Patel Governor, Reserve Bank of India, with the year of printing '2016’ are being issued The design of these notes is similar in all respects to the ₹ 500 banknotes in Mahatma Gandhi (New) Series which was notified through Press Release
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