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ಜೂನ್ 29, 2017
Issue of ₹ 10 coin to commemorate the occasion of “150th Birth Anniversary of Shrimad Rajchandra”
The Reserve Bank of India, in exercise of the powers conferred on it under Payment and Settlement Systems Act, 2007, has cancelled the Certificate of Authorisation (COA) of the following Payment System Operator (PSO) on account of voluntary surrender of authorisation by the company. Company's Name Registered Office address COA No. & Date Payment system authorised Date of cancellation Atom Technologies Limited, Mumbai FT Tower, CTS No. 256 & 257, Suren Road, Ch
The Reserve Bank of India, in exercise of the powers conferred on it under Payment and Settlement Systems Act, 2007, has cancelled the Certificate of Authorisation (COA) of the following Payment System Operator (PSO) on account of voluntary surrender of authorisation by the company. Company's Name Registered Office address COA No. & Date Payment system authorised Date of cancellation Atom Technologies Limited, Mumbai FT Tower, CTS No. 256 & 257, Suren Road, Ch
ಜೂನ್ 29, 2017
RBI to work on July 1, 2017 to facilitate clearing/settlements
On account of Reserve Bank’s annual closing of accounts on June 30, 2017 (Reserve Bank’s accounting year being July to June), and July 1, 2017 being a working Saturday, the Reserve Bank of India has decided that it will remain open on July 1, 2017 and the following services will be available as per schedule given below- Services, such as, RTGS/ NEFT, transfer of funds and settlement of securities will be available from 11:00 am onwards; Settlement of funds as well as
On account of Reserve Bank’s annual closing of accounts on June 30, 2017 (Reserve Bank’s accounting year being July to June), and July 1, 2017 being a working Saturday, the Reserve Bank of India has decided that it will remain open on July 1, 2017 and the following services will be available as per schedule given below- Services, such as, RTGS/ NEFT, transfer of funds and settlement of securities will be available from 11:00 am onwards; Settlement of funds as well as
ಜೂನ್ 23, 2017
RBI amends Banking Ombudsman Scheme: Includes Complaints relating to Misselling and Mobile/Electronic Banking
The Reserve Bank of India has widened the scope of its Banking Ombudsman Scheme 2006, to include, inter alia, deficiencies arising out of sale of insurance/ mutual fund/ other third party investment products by banks. Under the amended Scheme, a customer would also be able to lodge a complaint against the bank for its non-adherence to RBI instructions with regard to Mobile Banking/ Electronic Banking services in India. The pecuniary jurisdiction of the Banking Ombudsm
The Reserve Bank of India has widened the scope of its Banking Ombudsman Scheme 2006, to include, inter alia, deficiencies arising out of sale of insurance/ mutual fund/ other third party investment products by banks. Under the amended Scheme, a customer would also be able to lodge a complaint against the bank for its non-adherence to RBI instructions with regard to Mobile Banking/ Electronic Banking services in India. The pecuniary jurisdiction of the Banking Ombudsm
ಜೂನ್ 22, 2017
Reserve Bank announces names of the members of Overseeing Committee
The Press Release issued by the Reserve Bank of India on May 22, 2017, outlining the steps taken and those on the anvil pursuant to the promulgation of the Banking Regulation (Amendment) Ordinance, 2017, had inter alia mentioned about the reconstitution of the Overseeing Committee (OC) with an expanded mandate. The Reserve Bank has since brought the OC under its aegis. The OC will, for the present, have five members, including a chairman, and will work through multipl
The Press Release issued by the Reserve Bank of India on May 22, 2017, outlining the steps taken and those on the anvil pursuant to the promulgation of the Banking Regulation (Amendment) Ordinance, 2017, had inter alia mentioned about the reconstitution of the Overseeing Committee (OC) with an expanded mandate. The Reserve Bank has since brought the OC under its aegis. The OC will, for the present, have five members, including a chairman, and will work through multipl
ಜೂನ್ 21, 2017
Minutes of the Monetary Policy Committee Meeting June 6-7, 2017
[Under Section 45ZL of the Reserve Bank of India Act, 1934] The fifth meeting of the Monetary Policy Committee (MPC), constituted under section 45ZB of the amended Reserve Bank of India Act, 1934, was held on June 6 and 7, 2017 at the Reserve Bank of India, Mumbai. 2. The meeting was attended by all the members - Dr. Chetan Ghate, Professor, Indian Statistical Institute; Dr. Pami Dua, Director, Delhi School of Economics; Dr. Ravindra H. Dholakia, Professor, Indian Ins
[Under Section 45ZL of the Reserve Bank of India Act, 1934] The fifth meeting of the Monetary Policy Committee (MPC), constituted under section 45ZB of the amended Reserve Bank of India Act, 1934, was held on June 6 and 7, 2017 at the Reserve Bank of India, Mumbai. 2. The meeting was attended by all the members - Dr. Chetan Ghate, Professor, Indian Statistical Institute; Dr. Pami Dua, Director, Delhi School of Economics; Dr. Ravindra H. Dholakia, Professor, Indian Ins
ಜೂನ್ 16, 2017
RBI extends Directions issued to Navodaya Urban Co-operative Bank Ltd, Nagpur, Maharashtra
The Reserve Bank of India has extended the Directions earlier issued to Navodaya Urban Co-operative Bank Ltd, Nagpur for further four months. The Directions are now valid up to October 15, 2017, subject to review. The bank was earlier placed under directions from March 16, 2017 to June 15, 2017. The Directions were imposed in exercise of powers vested in the Reserve Bank under sub section (1) of Section 35A of the Banking Regulation Act, 1949 (AACS). A copy of the Dir
The Reserve Bank of India has extended the Directions earlier issued to Navodaya Urban Co-operative Bank Ltd, Nagpur for further four months. The Directions are now valid up to October 15, 2017, subject to review. The bank was earlier placed under directions from March 16, 2017 to June 15, 2017. The Directions were imposed in exercise of powers vested in the Reserve Bank under sub section (1) of Section 35A of the Banking Regulation Act, 1949 (AACS). A copy of the Dir
ಜೂನ್ 14, 2017
False and misleading statements on the website of the Prithvi Credit Co-operative Society Limited (Multistate), Lucknow
It has come to the notice of the Reserve Bank of India that the captioned Society is misleading the public by displaying false statements on its website http://prithvisociety.com that RBI has issued NOC for converting multistate Prithvi Credit Cooperative Society Ltd. into Multistate Co-operative Bank by wrongly quoting the contents of the Reserve Bank’s letter LK.DCBS.1391/10.10.016/2016-17 dated February 08, 2017. It is brought to the notice of the general public th
It has come to the notice of the Reserve Bank of India that the captioned Society is misleading the public by displaying false statements on its website http://prithvisociety.com that RBI has issued NOC for converting multistate Prithvi Credit Cooperative Society Ltd. into Multistate Co-operative Bank by wrongly quoting the contents of the Reserve Bank’s letter LK.DCBS.1391/10.10.016/2016-17 dated February 08, 2017. It is brought to the notice of the general public th
ಜೂನ್ 14, 2017
Directions under Section 35A of the Banking Regulation Act, 1949 (AACS) – Sanmitra Sahakari Bank Maryadit, Mumbai, Maharashtra
Sanmitra Sahakari Bank Maryadit, Mumbai, Maharashtra, was placed under directions for a period of six months vide directive dated June 14, 2016 from the close of business on June 14, 2016. The validity of the directions was extended for a period of six months vide order dated December 07, 2016. It is hereby notified for the information of the public that the period of operation of the directive dated June 14, 2016 read with the directive dated December 07, 2016 has be
Sanmitra Sahakari Bank Maryadit, Mumbai, Maharashtra, was placed under directions for a period of six months vide directive dated June 14, 2016 from the close of business on June 14, 2016. The validity of the directions was extended for a period of six months vide order dated December 07, 2016. It is hereby notified for the information of the public that the period of operation of the directive dated June 14, 2016 read with the directive dated December 07, 2016 has be
ಜೂನ್ 13, 2017
RBI executes Letter of Cooperation on “Supervisory Cooperation and Exchange of Supervisory Information” with the Czech National Bank, Czech Republic
Photograph The Reserve Bank of India executed the Letter of Cooperation (LoC) on “Supervisory Cooperation and Exchange of Supervisory Information” with the Czech National Bank, Czech Republic, today. The LoC was executed by Mr. Vladimir Tomsik, Vice Governor on behalf of Czech National Bank and Mr. S. S. Mundra, Deputy Governor on behalf of the Reserve Bank of India at the Central Office of the Reserve Bank in Mumbai. His Excellency, Mr. Milan Hovorka, Czech Republic
Photograph The Reserve Bank of India executed the Letter of Cooperation (LoC) on “Supervisory Cooperation and Exchange of Supervisory Information” with the Czech National Bank, Czech Republic, today. The LoC was executed by Mr. Vladimir Tomsik, Vice Governor on behalf of Czech National Bank and Mr. S. S. Mundra, Deputy Governor on behalf of the Reserve Bank of India at the Central Office of the Reserve Bank in Mumbai. His Excellency, Mr. Milan Hovorka, Czech Republic
ಜೂನ್ 13, 2017
Issue of ₹ 500 banknotes with inset letter ‘A’
In continuation of issuing of ₹ 500 denomination banknotes in Mahatma Gandhi (new) series from time to time which are currently legal tender, a new batch of banknotes with inset letter “A” in both the number panels, bearing the signature of Dr. Urjit R. Patel Governor, Reserve Bank of India; with the year of printing '2017’ on the reverse, are being issued. The design of these notes is similar in all respects to the ₹ 500 banknotes in Mahatma Gandhi (New) Series which
In continuation of issuing of ₹ 500 denomination banknotes in Mahatma Gandhi (new) series from time to time which are currently legal tender, a new batch of banknotes with inset letter “A” in both the number panels, bearing the signature of Dr. Urjit R. Patel Governor, Reserve Bank of India; with the year of printing '2017’ on the reverse, are being issued. The design of these notes is similar in all respects to the ₹ 500 banknotes in Mahatma Gandhi (New) Series which
ಜೂನ್ 09, 2017
Sovereign Gold Bond – Dematerialisation
The Reserve Bank of India, in consultation with the Government of India, has issued eight tranches of Sovereign Gold Bonds for a total value of ₹ 5400 crore till date. Investors in these bonds have been provided with the option of holding them in physical or dematerialized form. The requests for dematerialization have largely been processed successfully. A set of records, however, could not be processed for various reasons such as mismatches in names and PAN numbers,
The Reserve Bank of India, in consultation with the Government of India, has issued eight tranches of Sovereign Gold Bonds for a total value of ₹ 5400 crore till date. Investors in these bonds have been provided with the option of holding them in physical or dematerialized form. The requests for dematerialization have largely been processed successfully. A set of records, however, could not be processed for various reasons such as mismatches in names and PAN numbers,
ಜೂನ್ 06, 2017
Marginal Cost of Funds Based Lending Rate (MCLR) for the month of May 2017
The Reserve Bank of India has today released Lending Rates of Scheduled Commercial Banks based on data received during the month of May 2017. Ajit Prasad Assistant Adviser Press Release: 2016-2017/3297
The Reserve Bank of India has today released Lending Rates of Scheduled Commercial Banks based on data received during the month of May 2017. Ajit Prasad Assistant Adviser Press Release: 2016-2017/3297
ಜೂನ್ 05, 2017
RBI imposed penalty on the Jalore Nagrik Sahakari Bank Limited, Jalore
The Reserve Bank of India has imposed a monetary penalty of ₹ 5.00 lakh (₹ Five lakh only) on the Jalore Nagrik Sahakari Bank Limited, Jalore, in exercise of powers vested in it under the provisions of Section 47 A (1) (c) read with 46 (4) of the Banking Regulation Act, 1949 (As Applicable to Co-operative Societies), for violation of RBI instructions / guidelines relating to (i) breach of prudential interbank single and gross exposure limit and (ii) giving donation ex
The Reserve Bank of India has imposed a monetary penalty of ₹ 5.00 lakh (₹ Five lakh only) on the Jalore Nagrik Sahakari Bank Limited, Jalore, in exercise of powers vested in it under the provisions of Section 47 A (1) (c) read with 46 (4) of the Banking Regulation Act, 1949 (As Applicable to Co-operative Societies), for violation of RBI instructions / guidelines relating to (i) breach of prudential interbank single and gross exposure limit and (ii) giving donation ex
ಜೂನ್ 05, 2017
Financial Literacy Week (June 5- 9, 2017)
Financial Literacy is the first step towards financial prosperity. Financial literacy empowers the common man with knowledge which enables better financial decision making and ultimately financial well-being. In order to create awareness at a large scale on key topics every year, Reserve Bank of India (RBI) has decided to observe one week in a year as ‘Financial Literacy Week’. RBI this year, across the States, will observe June 5 to 9 as the Financial Literacy Week.
Financial Literacy is the first step towards financial prosperity. Financial literacy empowers the common man with knowledge which enables better financial decision making and ultimately financial well-being. In order to create awareness at a large scale on key topics every year, Reserve Bank of India (RBI) has decided to observe one week in a year as ‘Financial Literacy Week’. RBI this year, across the States, will observe June 5 to 9 as the Financial Literacy Week.
ಜೂನ್ 02, 2017
Financial Literacy Quiz
To emphasize the importance of financial literacy, the Reserve Bank of India is observing June 5-9, 2017 as Financial Literacy Week across the country. The Week will focus on four broad themes, viz. Know Your Customer (KYC), Exercising Credit Discipline, Grievance Redress and Going Digital (UPI and *99#). During this week, the Financial Literacy Centres (FLCs) and rural branches will conduct special camps and all bank branches in the country will display posters on th
To emphasize the importance of financial literacy, the Reserve Bank of India is observing June 5-9, 2017 as Financial Literacy Week across the country. The Week will focus on four broad themes, viz. Know Your Customer (KYC), Exercising Credit Discipline, Grievance Redress and Going Digital (UPI and *99#). During this week, the Financial Literacy Centres (FLCs) and rural branches will conduct special camps and all bank branches in the country will display posters on th
ಜೂನ್ 01, 2017
RBI appoints Shri S. Ganesh Kumar as New Executive Director
The Reserve Bank of India has appointed Shri S. Ganesh Kumar as Executive Director (ED) consequent upon voluntary retirement of Shri Chandan Sinha on May 31, 2017. Shri S. Ganesh Kumar has taken charge today. As Executive Director, Shri Ganesh Kumar will look after Department of Information Technology, Department of Payment and Settlement Systems and Department of External Investments and Operations. Shri Ganesh Kumar has done Masters in Business Administration from C
The Reserve Bank of India has appointed Shri S. Ganesh Kumar as Executive Director (ED) consequent upon voluntary retirement of Shri Chandan Sinha on May 31, 2017. Shri S. Ganesh Kumar has taken charge today. As Executive Director, Shri Ganesh Kumar will look after Department of Information Technology, Department of Payment and Settlement Systems and Department of External Investments and Operations. Shri Ganesh Kumar has done Masters in Business Administration from C
ಜೂನ್ 01, 2017
RBI cancels the Licence of the Jamkhed Merchants Co-operative Bank Maryadit, Jamkhed, Dist. Ahmednagar, Maharashtra
The Reserve Bank of India (RBI) has cancelled the licence of Jamkhed Merchants Co-operative Bank Maryadit., Jamkhed, Dist Ahmednagar, Maharashtra. The order was made effective from the close of business on June 01, 2017. The Registrar of Co-operative Societies, Maharashtra, has also been requested to issue an order for winding up of the bank and appoint a liquidator. The Reserve Bank cancelled the licence of the bank as: The bank did not comply with the provisions und
The Reserve Bank of India (RBI) has cancelled the licence of Jamkhed Merchants Co-operative Bank Maryadit., Jamkhed, Dist Ahmednagar, Maharashtra. The order was made effective from the close of business on June 01, 2017. The Registrar of Co-operative Societies, Maharashtra, has also been requested to issue an order for winding up of the bank and appoint a liquidator. The Reserve Bank cancelled the licence of the bank as: The bank did not comply with the provisions und
ಮೇ 30, 2017
Issue of Re. 1 denomination currency notes with Rupee symbol (₹) and the inset letter ‘L’
The Reserve Bank of India will soon put into circulation currency notes in one rupee denomination. The notes have been printed by the Government of India. These currency notes are legal tender as provided in The Coinage Act 2011. The existing currency notes in this denomination in circulation will also continue to be legal tender. Dimensions and paper composition of One Rupee Currency Note as indicated in the Notification No G.S.R. 516(E) dated May 25, 2017 by the Min
The Reserve Bank of India will soon put into circulation currency notes in one rupee denomination. The notes have been printed by the Government of India. These currency notes are legal tender as provided in The Coinage Act 2011. The existing currency notes in this denomination in circulation will also continue to be legal tender. Dimensions and paper composition of One Rupee Currency Note as indicated in the Notification No G.S.R. 516(E) dated May 25, 2017 by the Min
ಮೇ 29, 2017
Issue of coins to commemorate the occasion of "60 years of the Parliament of India"
The Reserve Bank of India will shortly put into circulation the following coins of ` 5 and 10 denominations, which shall conform to the following dimension, design and compositions, namely- DENOMINATION SHAPE AND OUTSIDE DIAMETER NUMBER OF SERRATIONS METAL COMPOSITION Five Rupees Circular 23 millimeters 100 Nickel Brass Copper -75% Zinc-20% Nickel- 5% Ten Rupees Circular 27 millimeters (Bi-metallic) --------------- Outer Ring (Aluminum Bronze) Copper-92% Aluminium-6%
The Reserve Bank of India will shortly put into circulation the following coins of ` 5 and 10 denominations, which shall conform to the following dimension, design and compositions, namely- DENOMINATION SHAPE AND OUTSIDE DIAMETER NUMBER OF SERRATIONS METAL COMPOSITION Five Rupees Circular 23 millimeters 100 Nickel Brass Copper -75% Zinc-20% Nickel- 5% Ten Rupees Circular 27 millimeters (Bi-metallic) --------------- Outer Ring (Aluminum Bronze) Copper-92% Aluminium-6%
ಮೇ 29, 2017
Issue of new Commemorative Circulation Coin of Rs.10/- denomination (bi-metallic) on the occasion of "HOMI BHABHA BIRTH CENTENARY YEAR"
The Reserve Bank of India will shortly put into circulation new commemorative circulation coins of Rs.10/- denomination (bi-metallic) issued by Government of India on the occasion of " HOMI BHABHA BIRTH CENTENARY YEAR". Shape and outside diameter Metal composition Circular 27 mm (Bi-metallic) Outer Ring (Aluminium Bronze) Copper – 92% Zinc - 6% Nickel - 2% Centre Piece (Cupro Nickel) Copper - 75% Nickel - 25% Design: Obverse : The face of coin shall bear the Lion Capi
The Reserve Bank of India will shortly put into circulation new commemorative circulation coins of Rs.10/- denomination (bi-metallic) issued by Government of India on the occasion of " HOMI BHABHA BIRTH CENTENARY YEAR". Shape and outside diameter Metal composition Circular 27 mm (Bi-metallic) Outer Ring (Aluminium Bronze) Copper – 92% Zinc - 6% Nickel - 2% Centre Piece (Cupro Nickel) Copper - 75% Nickel - 25% Design: Obverse : The face of coin shall bear the Lion Capi

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ಪೇಜ್ ಕೊನೆಯದಾಗಿ ಅಪ್ಡೇಟ್ ಆದ ದಿನಾಂಕ: ಆಗಸ್ಟ್ 01, 2024