પ્રેસ પ્રકાશન - આરબીઆઈ - Reserve Bank of India
પ્રેસ પ્રકાશન
ડિસે 24, 2013
RBI cautions users of Virtual Currencies against Risks
The Reserve Bank of India has today cautioned the users, holders and traders of Virtual currencies (VCs), including Bitcoins, about the potential financial, operational, legal, customer protection and security related risks that they are exposing themselves to. The Reserve Bank has mentioned that it has been looking at the developments relating to certain electronic records claimed to be “Decentralised Digital Currency” or “Virtual Currency” (VCs), such as, Bitcoins,
The Reserve Bank of India has today cautioned the users, holders and traders of Virtual currencies (VCs), including Bitcoins, about the potential financial, operational, legal, customer protection and security related risks that they are exposing themselves to. The Reserve Bank has mentioned that it has been looking at the developments relating to certain electronic records claimed to be “Decentralised Digital Currency” or “Virtual Currency” (VCs), such as, Bitcoins,
નવે 12, 2013
RBI’s Financial Literacy Material for Bankers Now in Regional Languages
The Reserve Bank of India (RBI) today released financial literacy material consisting of financial literacy guide, financial diary and a set of 16 posters for use by banks and all other stakeholders in four regional languages, namely, Bengali, Kannada, Telugu and Urdu. The Reserve Bank has advised banks to use the financial literacy material while conducting camps as per the operational guidelines issued by the Reserve Bank on January 31, 2013. At that time, the Reser
The Reserve Bank of India (RBI) today released financial literacy material consisting of financial literacy guide, financial diary and a set of 16 posters for use by banks and all other stakeholders in four regional languages, namely, Bengali, Kannada, Telugu and Urdu. The Reserve Bank has advised banks to use the financial literacy material while conducting camps as per the operational guidelines issued by the Reserve Bank on January 31, 2013. At that time, the Reser
ઑક્ટો 24, 2013
Reserve Bank of India appoints the GIRO Advisory Group (GAG)
The Reserve Bank of India has announced the constitution of a GIRO Advisory Group (GAG) to implement a national GIRO-based Indian Bill Payment System such that households will be able to use bank accounts to pay school fees, utilities, medical bills and make remittances electronically. The terms of reference of the GAG are: i .Suggesting the nature of organization to undertake the GIRO based bill payments-either existing organization(s) or formation of new organizatio
The Reserve Bank of India has announced the constitution of a GIRO Advisory Group (GAG) to implement a national GIRO-based Indian Bill Payment System such that households will be able to use bank accounts to pay school fees, utilities, medical bills and make remittances electronically. The terms of reference of the GAG are: i .Suggesting the nature of organization to undertake the GIRO based bill payments-either existing organization(s) or formation of new organizatio
સપ્ટે 19, 2013
Carrying of INR 10,000 by Non-residents and Residents : RBI Clarifies
In terms of instructions issued vide A.P. (Dir Series) circular No.45 dated September 16, 2013, the Reserve Bank of India had facilitated encashment of rupees into convertible currencies even beyond Immigration/Customs desk. This instruction has been misreported in certain sections of the media as a new restriction imposed by the Reserve Bank. The Reserve Bank issues the following clarifications in this regard: (1) A non-resident is currently not allowed to carry Indi
In terms of instructions issued vide A.P. (Dir Series) circular No.45 dated September 16, 2013, the Reserve Bank of India had facilitated encashment of rupees into convertible currencies even beyond Immigration/Customs desk. This instruction has been misreported in certain sections of the media as a new restriction imposed by the Reserve Bank. The Reserve Bank issues the following clarifications in this regard: (1) A non-resident is currently not allowed to carry Indi
સપ્ટે 11, 2013
Respect Your Banknotes : RBI appeals to Public
The Reserve Bank of India today appealed to members of public not to use banknotes for making garlands, decorating pandals and places of worship or for showering on personalities in social events, etc. Such actions deface the banknotes and shorten their life, the Reserve Bank stated and added that banknotes should be respected as they are a symbol of the Sovereign and public should not misuse them and help in increasing the life of banknotes. The Reserve Bank has also
The Reserve Bank of India today appealed to members of public not to use banknotes for making garlands, decorating pandals and places of worship or for showering on personalities in social events, etc. Such actions deface the banknotes and shorten their life, the Reserve Bank stated and added that banknotes should be respected as they are a symbol of the Sovereign and public should not misuse them and help in increasing the life of banknotes. The Reserve Bank has also
ઑગસ્ટ 29, 2013
Issue of ₹ 10 coins to commemorate the occasion of "Silver Jubilee of Shri Mata Vaishno Devi Shrine Board"
The Government of India has minted the above mentioned coins which the Reserve Bank of India will shortly put into circulation. Details regarding design, shape, etc. of these coins have been notified in the following Gazette of the Government of India, dated September 14, 2012 published by the Ministry of Finance, Department of Economic Affairs- The Gazette of India-Extraordinary- part II-Section 3-sub-section (i)-Issue No.458 (annexed) These coins are legal tender as
The Government of India has minted the above mentioned coins which the Reserve Bank of India will shortly put into circulation. Details regarding design, shape, etc. of these coins have been notified in the following Gazette of the Government of India, dated September 14, 2012 published by the Ministry of Finance, Department of Economic Affairs- The Gazette of India-Extraordinary- part II-Section 3-sub-section (i)-Issue No.458 (annexed) These coins are legal tender as
ઑગસ્ટ 28, 2013
Dr. D. Subbarao, Governor, RBI appealed to the banks to reach out in Hindi and other vernacular languages for meaningful Financial Inclusion and Financial Literacy
"Financial inclusion and financial literacy are priority programmes for the Reserve Bank. I am happy to note that banks have been implementing these initiatives with enthusiasm, vigour and imagination. One lesson of experience in this regard has been that we cannot meaningfully pursue financial inclusion and financial literacy by using English as the medium of communication. We necessarily have to reach out in Hindi and other vernacular languages." Dr. D. Subbarao, Go
"Financial inclusion and financial literacy are priority programmes for the Reserve Bank. I am happy to note that banks have been implementing these initiatives with enthusiasm, vigour and imagination. One lesson of experience in this regard has been that we cannot meaningfully pursue financial inclusion and financial literacy by using English as the medium of communication. We necessarily have to reach out in Hindi and other vernacular languages." Dr. D. Subbarao, Go
ઑગસ્ટ 17, 2013
PM Releases Fourth Volume of RBI History (1981-1997)
Dr. Manmohan Singh, the Hon’ble Prime Minister, released the fourth volume of the Reserve Bank of India's history at a function held today in New Delhi. Jointly published by the Reserve Bank and the Academic Foundation, the volume covers the momentous 16-year period from 1981 to 1997. With this volume, the Reserve Bank of India has now updated its history up to 1997. The Reserve Bank had initiated the process of preparation of this volume in 2009 under the guidance of
Dr. Manmohan Singh, the Hon’ble Prime Minister, released the fourth volume of the Reserve Bank of India's history at a function held today in New Delhi. Jointly published by the Reserve Bank and the Academic Foundation, the volume covers the momentous 16-year period from 1981 to 1997. With this volume, the Reserve Bank of India has now updated its history up to 1997. The Reserve Bank had initiated the process of preparation of this volume in 2009 under the guidance of
ઑગસ્ટ 14, 2013
RBI announces measures to rationalise Foreign Exchange Outflows by Resident Indians
Keeping in view the current macroeconomic situation, the Reserve Bank of India has today announced the following measures: (i) Reduced the limit for Overseas Direct Investment (ODI) under automatic route for all fresh ODI transactions, from 400% of the net worth of an Indian Party to 100% of its net worth. This reduced limit would also apply to remittances made under the ODI scheme by Indian Companies for setting up unincorporated entities outside India in the energy
Keeping in view the current macroeconomic situation, the Reserve Bank of India has today announced the following measures: (i) Reduced the limit for Overseas Direct Investment (ODI) under automatic route for all fresh ODI transactions, from 400% of the net worth of an Indian Party to 100% of its net worth. This reduced limit would also apply to remittances made under the ODI scheme by Indian Companies for setting up unincorporated entities outside India in the energy
જુલાઈ 22, 2013
Revised Scheme for Import of Gold
Certain restrictions were imposed on the import of various forms of gold by nominated banks/nominated agencies/ premier or star trading houses/SEZ units/EoUs which have been permitted to import gold for use in the domestic sector. On a review of the above instructions and in consultation with Government of India, it has been decided to rationalize the import of gold in any form/purity including import of gold coins/dore into the country. Nominated banks/ Nominated age
Certain restrictions were imposed on the import of various forms of gold by nominated banks/nominated agencies/ premier or star trading houses/SEZ units/EoUs which have been permitted to import gold for use in the domestic sector. On a review of the above instructions and in consultation with Government of India, it has been decided to rationalize the import of gold in any form/purity including import of gold coins/dore into the country. Nominated banks/ Nominated age
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