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ಆಗ 07, 2015

Issue of ` 100 banknotes with incorporation of Rupee symbol (`) and without inset letter with numerals in ascending size in number panels

The Reserve Bank of India will shortly issue ` 100 denomination Banknotes in the Mahatma Gandhi Series-2005, incorporating "`" symbol on the obverse and the reverse, without inset letter, bearing the signature of Dr. Raghuram G. Rajan, Governor, Reserve Bank of India, and the year of printing '2015' printed on the reverse of the Banknote. The design of these notes to be issued now is similar in all respects to the ` 100 Banknotes in Mahatma Gandhi Series- 2005 issued

ಆಗ 06, 2015

RBI further extends Directions issued to Dilip Urban Co-operative Bank Ltd., Barshi, District - Solapur, Maharashtra

The Reserve Bank of India has notified that Dilip Urban Co-operative Bank Ltd., Barshi, District - Solapur was placed under directions for a period of six months vide directive UBD.CO.BSD-I/D-04/12.22.423/2014-15 dated August 06, 2014 from the close of business on August 08, 2014. The validity of the aforesaid directive was further extended for a period of six months from February 08, 2015 to August 07, 2015 vide directive dated January 20, 2015. It is hereby notified

ಆಗ 06, 2015

RBI cancels Certificate of Registration

The Reserve Bank of India have cancelled the certificate of registration of the following non-banking financial companies (NBFCs) in exercise of the powers conferred on it under Section 45-IA (6) of the Reserve Bank of India Act, 1934. Sr. No. Company's Name Address of Registered Office Certificate of Registration No. & Date Date of cancellation 1. Hanumangarh Finvest Private Limited 8, New Grain Market, Hanumangarh (Rajasthan)-335 512 B-10.00003 July 01, 2008 Jun

ಆಗ 05, 2015

RBI imposes Monetary Penalty on Dausa Urban Co-operative Bank Limited, Dausa

The Reserve Bank of India has imposed a monetary penalty of ₹ 1.00 lakh (Rupees one lakh only) on the Dausa Urban Co-operative Bank Limited, Dausa, in exercise of powers vested in it under the provisions of Section 47A (1)(b) read with section 46(4) of the Banking Regulation Act, 1949 (As Applicable to Co-operative Societies), for the violations of the guidelines/directives on Know Your Customers (KYC)/Anti Money Laundering (AML) in respect of absence of system of ris

ಜುಲೈ 30, 2015

RBI further extends Directions issued to The C.K.P.Co-operative Bank Ltd., Mumbai, Maharashtra

The C.K.P.Co-operative Bank Ltd., Mumbai was placed under directions for a period of six months vide directive UBD.CO.BSD-I/D-34/12.22.035/2013-14 dated April 30, 2014 from the close of business on May 2, 2014. The validity of the aforesaid directive was further extended for a period of three months vide directive dated October 21, 2014 from the close of business on November 1, 2014 and further for a period of six months vide directive dated January 20, 2015 from the

ಜುಲೈ 30, 2015

` 10 coins issued to commemorate "International Day of Yoga"

The Reserve Bank of India will shortly put into circulation ₹ 10 coins to commemorate the International Day of Yoga which the Government of India has minted. The design details of these coins are: Obverse The obverse of the coin bears the Lion Capitol of Ashoka Pillar in the center with the legend "सत्यमेव जयते" inscribed below, flanked on the left periphery with the word "भारत" in Devnagri script and on the right periphery flanked with the word "INDIA" in English. It

ಜುಲೈ 16, 2015

Inscribing on Bank Notes

It has been brought to the notice of Reserve Bank of India that members of public and institutions write number, name or messages, etc. on the watermark window of banknotes, thus defacing the banknotes. The watermark window has an important security feature which distinguishes it from a counterfeit note. Any defacement on the window will not allow the common man to identify one of the features of a genuine note. The public is, therefore, requested to refrain from doin

ಜೂನ್ 25, 2015

RBI extends the Date for Withdrawal of Pre-2005 Series Banknotes

The Reserve Bank of India has extended the date for the public to exchange their pre-2005 banknotes till December 31, 2015. It had, in December 2014, set the last date for public to exchange these notes as June 30, 2015. Soliciting cooperation from members of public in withdrawing these banknotes from circulation, the Reserve Bank of India has urged them to deposit the old design notes in their bank accounts or exchange them at a bank branch convenient to them. The Re

ಜೂನ್ 25, 2015

Now ₹ 100 Notes to come with Numerals in Ascending Size in Number Panels

The Reserve Bank of India has issued ₹ 100 denomination banknotes in Mahatma Gandhi Series – 2005 with a new numbering pattern. Now the numerals in both the number panels of these banknotes will be in ascending size from left to right, while the first three alphanumeric characters (prefix) will remain constant in size. (see illustration) Printing the numerals in ascending size is a visible security feature in the banknotes so that the general public can easily disting

ಜೂನ್ 19, 2015

Hindi and Other Indian Languages can act as a bridge between Banker and Customer: Dr. Raghuram G. Rajan, Governor, Reserve Bank of India, June 19, 2015

Photographs “Recently there have been many incidents where poor people were robbed of their money through Ponzi schemes. Very often people lose their lifetime earnings through these schemes. It is the responsibility of the Government and the banking sector to provide banking facilities to those who have money, but have no access to formal banking channels in a language that they would understand. We should also arrange for financial literacy in the language that they

ಜೂನ್ 11, 2015

Issue of ₹ 10 Banknotes with incorporation of Rupee symbol (₹) and inset letter 'U'

The Reserve Bank of India will shortly issue ₹ 10 denomination Banknotes in the Mahatma Gandhi Series-2005, incorporating “₹" symbol on the obverse and the reverse, with inset letter 'U' in both the numbering panels, bearing the signature of Dr. Raghuram G. Rajan, Governor, Reserve Bank of India and the year of printing '2015' printed on the reverse of the Banknote. The design of these notes to be issued now is similar in all respects to the ₹ 10 Banknotes in Mahatma

ಏಪ್ರಿ 16, 2015

Issue of ₹ 10 coins to commemorate the occasion of "Centenary commemoration of Mahatma Gandhi's return from South Africa"

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, published by the Ministry of Finance, Department of Economic Affairs- The Gazette of India-Extraordinary- Part II-Section 3-Sub-section (i) - No.711 Dated December 31, 2014 These coins are legal tender as provided in Th

ಏಪ್ರಿ 11, 2015

RBI cautions on 'All Bank Balance Enquiry' App

It has come to the notice of the Reserve Bank of India that an app (application) is doing rounds on WhatsApp purportedly to facilitate checking of balance in customers' bank accounts. The application has an RBI logo with the title 'All Bank Balance Enquiry No' and has listed several banks with either a mobile number or call centre number. The Reserve Bank wishes to clarify that it has not developed any such application. Members of public are, therefore, advised to use

ಏಪ್ರಿ 03, 2015

RBI celebrates 80th Anniversary: Prime Minister urges Banking Fraternity to set Goals for Next 20 Years to remove India's Poverty

The Prime Minister of India Shri Narendra Modi urged the Reserve Bank of India to take the lead in encouraging financial institutions to set concrete targets for consolidating financial inclusion over the next 20 years, to help transform the quality of life of the poor. "I come as a representative of the poor, underprivileged, marginalised and tribals; I am one among them; I seek on their behalf and trust you will not disappoint me," the Prime Minister said at the Fin

ಫೆಬ್ರವರಿ 12, 2015

Reserve Bank of India releases the Annual Report of the Banking Ombudsman Scheme 2006: 2013-14

The Reserve Bank of India, today, released the Annual Report of the Banking Ombudsman Scheme for the year 2013-2014. The Banking Ombudsman Scheme was established by the Reserve Bank in 1995 to provide speedy solutions to the grievances faced by bank customers. There are 15 Offices of Banking Ombudsmen (BOS) across the country. The report is a synopsis of activities of all the offices of Banking Ombudsman. The Report indicates that compared to last year, there has been

ಜನವರಿ 09, 2015

RBI releases Guidelines on Criteria for Institutions, seeking Financial Assistance from the Depositor Education and Awareness Fund

The Reserve Bank of India released on its website today, the Guidelines on the Criteria for registering institutions, organisations and associations for grant of financial assistance from the Depositor Education and Awareness Fund (Fund). Key features Objectives and Scope of activities: To grant financial assistance to institutions/ organisations/ associations for taking up various activities relating to promoting bank depositors’ education and awareness. Eligible ent

ಜನವರಿ 01, 2015

RBI cautions Public against Multi Level Marketing Activities

The Reserve Bank of India has cautioned the public against Multi-level Marketing (MLM) activities so that investors do not fall prey to unscrupulous entities. Explaining the functioning of these entities, the Reserve Bank stated that MLM/Chain Marketing/Pyramid Structure schemes promise easy or quick money upon enrolment of members. Income under such schemes majorly comes from enrolling more and more members from whom hefty subscription fees are taken rather than from

ಡಿಸೆಂ 23, 2014

Deposit Pre-2005 Currency Notes in Your Bank Accounts before June 30, 2015: RBI urges Public

Soliciting cooperation from the public in withdrawing these notes from circulation, the Reserve Bank of India has urged them to deposit the old design notes in their bank accounts or exchange them at a bank branch convenient to them. The Reserve Bank of India has stated that the public can do so till June 30, 2015. Earlier, in March 2014, it had set the last date for public to exchange these notes was January 01, 2015. The Reserve Bank has stated that the notes can be

ಡಿಸೆಂ 11, 2014

Supervisory College for Punjab National Bank

Photographs The Reserve Bank of India set up the Supervisory College for Punjab National Bank on December 09, 2014 in Mumbai. Shri Chandan Sinha, Executive Director, Reserve Bank of India inaugurated the College. Shri Chandan Sinha in his address stated that the regulatory framework is getting synchronised across jurisdictions on the lines of the Basel framework and regulators are also learning from each-other about the best practices. He further emphasised that super

ಡಿಸೆಂ 09, 2014

Supervisory College for State Bank of India

Photographs The second Supervisory College for State Bank of India was held in Mumbai on December 08, 2014. Shri S.S. Mundra, Deputy Governor, Reserve Bank of India inaugurated the supervisory college. In his address, Shri Mundra briefly touched upon the set-up of Supervisory Colleges and then presented a bird’s eye view of the banking system in India and the tools for the supervision of commercial banks by RBI. He mentioned that though none of the Indian banks qualif

ಡಿಸೆಂ 03, 2014

RBI releases Charter of Customer Rights

The Reserve Bank of India today released a Charter of Customer Rights, which enshrines broad, overarching principles for protection of bank customers and enunciates the ‘five’ basic rights of bank customers. These are: (i) Right to Fair Treatment; (ii) Right to Transparency; Fair and Honest Dealing; (iii) Right to Suitability; (iv) Right to Privacy; and (v) Right to Grievance Redress and Compensation. The Reserve Bank has also advised the Indian Banks’ Association (IB

ನವೆಂ 27, 2014

Credit Card in the name of RBI : RBI cautions Once More about the Newest Kind of Fraud perpetrated in its Name

The Reserve Bank of India today issued one more alert to the public about the newest form of fraud perpetrated in its name - a credit card issued by fraudsters in the name of the Reserve Bank. Explaining the modus operandi, the Reserve Bank stated that the gullible member of the public is sent a credit card which allows withdrawal of money up to a certain limit, albeit a small sum, from a bank account. Having gained the confidence of the victim thus, the fraudster get

ನವೆಂ 24, 2014

RBI Cautions against Misuse of cancelled NBFC Certificate of Registration

It has come to the notice of the Reserve Bank of India that some entities/imposters, including companies, partnership firms, individuals, etc., are fraudulently impersonating as Non Banking Financial Companies (NBFCs) registered with the Reserve Bank of India, by forging the Certificate of Registration cancelled by Reserve Bank of India. It is understood that entities/imposters are promising loans to the needy public at attractive rates and collecting money from them

ಸೆಪ್ಟೆಂ 05, 2014

Supervisory College for ICICI Bank Ltd

The second Supervisory College for ICICI Bank Ltd. was held in Mumbai on September 04, 2014. Shri Harun R. Khan, Deputy Governor, Reserve Bank of India inaugurated the forum. The Reserve Bank of India had set up the first Supervisory College for ICICI Bank Ltd. in December, 2012. Shri Harun R. Khan in his address to the Supervisory College stated that the synergy which was developed among the Supervisors during the first Supervisory College of ICICI Bank Ltd. in Decem

ಸೆಪ್ಟೆಂ 03, 2014

RBI sets up Supervisory Colleges for Axis Bank Ltd

The Reserve Bank of India set up the Supervisory College for Axis Bank Ltd. on September 03, 2014 in Mumbai. Shri R Gandhi, Deputy Governor, Reserve Bank of India inaugurated the College. Shri R Gandhi in his address stated that some of the Indian banks have started touching the lives of people and enterprises in overseas jurisdictions and have assumed a certain degree of relevance for the host nations’ economy. It casts upon the Reserve Bank as the home country super

ಆಗ 26, 2014

RBI’s Recent simplified KYC Measures For Public Awareness

The Reserve Bank of India today released a note along with a poster and a booklet comprising a few common questions relating to Know Your Customer (KYC) norms for opening bank accounts. The objective of this is to bring awareness among the general public about the KYC simplification measures taken by the Reserve Bank in the recent times with a view to helping the common man in opening bank accounts. Measures taken for simplification: 1. Single document for proof of id

ಆಗ 22, 2014

RBI seeks Comments on its Draft Charter of Customer Rights

The Reserve Bank of India today placed on RBI website. (www.rbi.org.in), a draft Charter of Customer Rights comprising five basic customer rights and explanatory notes on each right for public comments. The draft Charter of Customer Rights to deal with entities regulated by the Reserve Bank, has been framed based on global best practices of consumer protection as also discussions and interaction with various stakeholders. The Charter spells out the rights of the custo

ಆಗ 01, 2014

Do Not give Details of Your Bank Account or Credit/Debit Cards on Email/Phone: RBI Warns Public Again on Phishing Mails/Calls

Of late, some new methods of frauds have come to the notice of the Reserve Bank of India. An e-mail is sent in the name of a senior official of the Reserve Bank of India which gives an impression of it having been sent from the Reserve Bank and at times even displays the official rbi.org.in extension. The e-mail states that the Reserve Bank has received a large sum of foreign currency from the World Bank or a well-known international institution or a multi-national co

ಜುಲೈ 17, 2014

Issue of ₹ 10 coins to commemorate the occasion of "Diamond Jubilee of Coir 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 February 20, 2014 published by the Ministry of Finance, Department of Economic Affairs- The Gazette of India-Extraordinary- Part II-Section 3-Sub-section (i) - No.76 (annexed) These coins are legal tender as provi

ಜೂನ್ 23, 2014

RBI announces Timelines for Regulatory Approvals and Citizens’ Charter for Delivery of Services

The Reserve Bank of India (RBI) today released on its website the ‘Timelines for Regulatory Approvals’ and ‘Citizens’ Charter’ for delivery of services as part of implementation of the non-legislative recommendations of the Financial Sector Legislative Reforms Commission (FSLRC). These timelines are indicative. If departments are likely to exceed the timeline, they will revert to the applicant. In case an applicant does not get a response within the indicated timeline

ಮೇ 26, 2014

RBI warns about Fake Website in its Name

It has come to the notice of the Reserve Bank of India today that a fake website has been created at http://www.rbi-inonline.org/savings.html by some unknown persons offering various banking facilities and asking members of public to apply on-line for opening “RBI Savings Account”. The Reserve Bank clarifies that as India’s central bank, the Reserve Bank of India does not offer services offered by commercial banks, such as, savings bank account, current bank account o

ಜನವರಿ 31, 2014

Annual Conference of Banking Ombudsmen 2014

The Annual Banking Ombudsmen Conference was held at the Reserve Bank of India, Mumbai on January 30, 2014 and was inaugurated by Dr. Raghuram G. Rajan, Governor, Reserve Bank of India. The Governor delivered the keynote address and expressed that customer protection is at the core of the central Banks’ concerns. He released the Annual Report of the Banking Ombudsman Scheme for year 2012-2013. The Annual Report contains the highlights of the performance of 15 Offices o

ಜನವರಿ 24, 2014

Banknotes issued prior to 2005 to be withdrawn – RBI Clarification

Further to our Press Release dated January 22, 2014 on the subject and in response to the queries raised, the Reserve Bank of India (RBI) clarifies that the rationale behind its move to withdraw banknotes printed prior to 2005 is to remove these banknotes from the market because they have fewer security features compared to banknotes printed after 2005. It is standard international practice to withdraw old series notes. The RBI has already been withdrawing these bank

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ಜನವರಿ 22, 2014

2005 ಕ್ಕೂ ಮುಂಚಿತವಾಗಿ ನೀಡಲಾದ ಬ್ಯಾಂಕು ನೋಟುಗಳನ್ನು ಹಿಂತೆಗೆದುಕೊಳ್ಳಲಾಗುವುದು - ಭಾರತೀಯ ರಿಸರ್ವ್ ಬ್ಯಾಂಕಿನ ಸೂಚನೆ

ಜನವರಿ 22, 2014 2005 ಕ್ಕೂ ಮುಂಚಿತವಾಗಿ ನೀಡಲಾದ ಬ್ಯಾಂಕು ನೋಟುಗಳನ್ನುಹಿಂತೆಗೆದುಕೊಳ್ಳಲಾಗುವುದು - ಭಾರತೀಯ ರಿಸರ್ವ್ ಬ್ಯಾಂಕಿನ ಸೂಚನೆ 2005 ಕ್ಕೂ ಮುಂಚಿತವಾಗಿ ನೀಡಲಾಗಿರುವ ಎಲ್ಲಾ ಬ್ಯಾಂಕು ನೋಟುಗಳನ್ನು ಮಾರ್ಚ್ 31, 2014 ರ ನಂತರ ಚಲಾವಣೆಯಿಂದ ಹಿಂತೆಗುದುಕೊಳ್ಳಲಾಗುವುದೆಂದು ಭಾರತೀಯ ರಿಸರ್ವ್ ಬ್ಯಾಂಕ್ ಇಂದು ಸೂಚನೆ ನೀಡಿದೆ. ಏಪ್ರಿಲ್ 1, 2014 ರಿಂದ ಈ ನೋಟುಗಳನ್ನು ಬದಲಾಯಿಸಿಕೊಳ್ಳಲು ಬ್ಯಾಂಕುಗಳನ್ನು ಸಂಪರ್ಕಿಸಬೇಕು. ಈ ನೋಟುಗಳ ಬದಲಾವಣೆ ಸೌಲಭ್ಯವನ್ನು ಮುಂದೆ ಸೂಚನೆ ನೀಡುವವರೆಗೂ ಬ್ಯಾಂಕುಗಳು ಮುಂದುವರಿಸಲಿವೆ. ಇಂತಹ ನೋಟುಗಳ ಹಿಂಭಾಗದಲ್ಲಿ ನೋಟು ಮುದ್ರಣ ವರ್ಷವ

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ಡಿಸೆಂ 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,

ನವೆಂ 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

ಅಕ್ಟೋ 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

ಸೆಪ್ಟೆಂ 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

ಸೆಪ್ಟೆಂ 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

ಆಗ 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

ಆಗ 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

ಆಗ 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

ಆಗ 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

ಜುಲೈ 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

ಜೂನ್ 05, 2013

RBI’s Fraud Monitoring Cell to function from Bengaluru from July 1

The Reserve Bank of India’s Fraud Monitoring Cell attached to Department of Banking Supervision, Central Office has shifted from the present location at 2nd Floor, World Trade Centre-1, Cuffe Parade, Mumbai - 400005 to Bengaluru Regional Office of the Reserve Bank. The Central Fraud monitoring Cell will continue to be part of Department of Banking Supervision, Central Office Mumbai and will start functioning from the new location at Bengaluru from July 01, 2013. All t

ಮೇ 31, 2013

Check before Depositing Money with Financial Entities: RBI Advisory

The Reserve Bank of India has today issued an advisory to members of public urging them to carefully evaluate their investment decisions, including making deposit with NBFCs. The advisory is part of the Frequently Asked Questions (FAQs) issued by the central bank. The FAQs explain in detail the various kinds of financial entities and the regulations governing them. They also list where members of public can lodge complaints in case some financial entity is found to be

ಏಪ್ರಿ 16, 2013

Issue of ` 5/- denomination banknotes in Mahatma Gandhi Series with additional / new security features, with 'R' inset letter in the numbering panels, bearing the signature of Dr. D. Subbarao, Governor.

The Reserve Bank of India will shortly issue ` 5/- denomination banknotes with new / improved security features in Mahatma Gandhi Series with 'R' inset letter in the numbering panels, bearing the signature of Dr. D. Subbarao, Governor, Reserve Bank of India. Except for the signature of Dr. D. Subbarao, Governor, the design of these notes to be issued now is similar in all respects to the banknotes in Mahatma Gandhi Series with additional / new security features issued

ಮಾರ್ಚ್ 21, 2013

Issue of ` 10 Banknotes with incorporation of Rupee symbol (`) and inset letter 'M'

The Reserve Bank of India will shortly issue ` 10 denomination Banknotes incorporating " ` "symbol on the obverse and reverse, with inset letter 'M' in both the numbering panels, in the Mahatma Gandhi Series-2005 bearing the signature of Dr. D. Subbarao, Governor , Reserve Bank of India, and the year of printing '2013' printed on the reverse of the Banknote. The design of these notes to be issued now is similar in all respects to the `10 Banknotes in Mahatma Gandhi Se

ಮಾರ್ಚ್ 08, 2013

Issue of `5 coins to commemorate the occasion of "150 th Birth Anniversary of Madan Mohan Malaviya"

The Government of India has minted the above mentioned coins which the Reserve Bank of India will shortly put into circulation, conforming 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% Design DENOMI-NATION OBVERSE REVERSE Five Rupees The face of the coin shall bear the Lion Capitol of Ash

ಫೆಬ್ರವರಿ 27, 2013

Issue of `20 Banknotes with incorporation of Rupee symbol (`) and inset letter 'E'

The Reserve Bank of India will shortly issue `20 denomination Banknotes incorporating ' ` ' symbol, with inset letter 'E', in the Mahatma Gandhi Series-2005 bearing the signature of Dr. D. Subbarao, Governor , Reserve Bank of India, and the year of printing 2012 printed on the reverse of the Banknote. The design of these notes to be issued now is similar in all respects to the `20 Banknotes in Mahatma Gandhi Series- 2005 , issued earlier. All the Banknotes in the deno