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నవం 23, 2016

Airtel Payments Bank Limited commences operations

Airtel Payments Bank Limited has commenced its operations as a payments bank with effect from November 23, 2016. The Reserve Bank has issued a licence to the bank under Section 22 (1) of the Banking Regulation Act, 1949 to carry on the business of payments bank in India. Airtel M Commerce Services Limited was one of the 11 applicants which were issued in-principle approval for setting up a payments bank, as announced in the press release on August 19, 2015. Anirudha D

నవం 23, 2016

NBFCs surrender their Certificate of Registration to RBI

The following NBFCs have surrendered the Certificate of Registration granted to them by the Reserve Bank of India. The Reserve Bank of India, in exercise of powers conferred on it under Section 45-IA (6) of the Reserve Bank of India Act, 1934, has therefore cancelled their Certificate of Registration. Sr. No. Name of the Company Registered Office Address CoR No. Issued On Cancellation Order Date 1 M/s Natwest Investments Limited Satyanarayana Enclave, Icon Block, 3rd

నవం 23, 2016

RBI cancels Certificate of Registration of 6 NBFCs

The Reserve Bank of India (RBI) has cancelled the certificate of registration of the following non-banking financial companies (NBFCs). The Reserve Bank, in exercise of the powers conferred on it under Section 45-IA (6) of the Reserve Bank of India Act, 1934. Sr. No. Name of the Company Registered Office Address CoR No. Issued On Cancellation Order Date 1 M/s Star Line Leasings Limited 417-419, ‘Midas’, Sahar Plaza, Mathurdas Vasanji Road, Andheri (East), Mumbai - 400

నవం 22, 2016

Withdrawal of Legal Tender Character of the existing Bank Notes in the denominations of ₹ 500/- and ₹ 1000/-
Exchange Facility – Reports of misuse – Caution to Public

The facility for public to exchange the specified bank notes (old notes in ₹ 500 and ₹ 1000) for legal tender notes and allowing them to deposit into bank accounts in unlimited amounts is provided to enable members of the public in possession of these notes as on the date of the announcement to secure the value of these notes either through exchange or by deposit into their bank accounts. It is reported that certain gullible persons are exchanging these notes on behal

నవం 22, 2016

Special measures to incentivise Electronic Payments

In order to meet the transactional needs of the public through digital means, the Reserve Bank has introduced additional measures by way of special dispensation for small merchants and enhancement in limits for semi-closed Prepaid Payment Instruments (PPIs). A special dispensation has now been enabled for small merchants whereby PPIs issuers can issue PPIs to such merchants. While balance in such PPIs cannot exceed ₹ 20,000/- at any point of time, the merchants can tr

నవం 21, 2016

సెంట్ర‌ల్ బ్యాంక్ ఆఫ్ మ‌య‌న్మార్ తో ‘సూప‌ర్ వైజ‌రీ స‌హ‌కారం మ‌రియు సూప‌ర్ వైజ‌రీ స‌మాచార మార్పిడి’ పై MoUపై సంత‌కాలు చేసిన RBI

అక్టోబ‌ర్ 21, 2016 సెంట్ర‌ల్ బ్యాంక్ ఆఫ్ మ‌య‌న్మార్ తో ‘సూప‌ర్ వైజ‌రీ స‌హ‌కారం మ‌రియు సూప‌ర్ వైజ‌రీ స‌మాచార మార్పిడి’ పై MoUపై సంత‌కాలు చేసిన RBI భార‌తీయ రిజ‌ర్వ్ బ్యాంక్ రిపబ్లిక్ యూనియ‌న్ ఆఫ్ మ‌య‌న్మార్ కు చెందిన సెంట్ర‌ల్ బ్యాంక్ ఆఫ్ మ‌య‌న్మార్ తో అక్టోబ‌ర్ 19, 2016న ఒక మెమోరాండం ఆఫ్ అండ‌ర్ స్టాండింగ్ (MoU)పై సంత‌కాలు చేసింది. గౌర‌వ‌నీయులు భార‌త ప్ర‌ధాని శ్రీ న‌రేంద్ర మోడీ మ‌రియు మ‌య‌న్మార్ స్టేట్ కౌన్సెల‌ర్ H.E. అంగ్ సాన్ సూకీ స‌మ‌క్షంలో జ‌రిగిన‌ ఈ MoUపై సెంట్ర‌ల

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నవం 21, 2016

Activity at Banks during November 10 to November 18, 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 exchange and /or deposit of such notes at the counters of the Reserve Bank and commercial banks, Regional Rural banks and Urban Cooperative Banks. Banks have since reported that such exchange/deposits effected from November 10, 2016 upto November 18, 2016 amounted to ₹

నవం 20, 2016

ప్రజలు ₹ 10 నాణేల చట్టబద్ధ చెలామణి (లీగల్ టెండర్) అంగీకారం ను కొనసాగించాలి - ఆర్బీఐ

నవంబర్ 20, 2016 ప్రజలు ₹ 10 నాణేల చట్టబద్ధ చెలామణి (లీగల్ టెండర్) అంగీకారం ను కొనసాగించాలి - ఆర్బీఐభారత ప్రభుత్వం చే ముద్రించబడిన (మింట్ చేయబడిన) నాణేలను (కాయిన్లు) రిజర్వు బ్యాంక్ చెలామణిలోకి తెచ్చింది.ఈ నాణేలు విలక్షమైన ఫీచర్లను కలిగి ఉన్నాయి. ప్రజల లావాదేవీల అవసరాలను తీర్చడానికి కొత్త డినామినేషన్ ల లోను మరియు ఆర్థిక, సామాజిక, సాంస్కృతిక విలువలను ప్రతిబింబించే ఇతివృత్తాలతో కొత్త డిజైన్ల లోను, నాణేలను ఎప్పటికప్పుడు చలామణిలోకి తీసుకురావడం జరిగింది. చెలామణిలో ఉన్న నాణే

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నవం 20, 2016

RBI extends Directions issued to the Lokseva Sahakari Bank Ltd., Pune, Maharashtra

The Reserve Bank of India, notified that Lokseva Sahakari Bank Ltd., Pune, was placed under directions for a period of six months vide directive dated May 19, 2014, from the close of business on May 20, 2014. The validity of the directions was extended four times, for a period of six months each, vide order dated November 12, 2014; dated May 06, 2015; dated November 04, 2015 and dated May 13, 2016. It is hereby notified for the information of the public that the perio

నవం 18, 2016

Cash Withdrawal at Point-of-Sale (POS) - Withdrawal limits and customer fee/charges- Relaxation

The Reserve Bank of India had issued instructions to banks on November 14, 2016 that banks shall waive levy of ATM charges for all transactions by saving bank customers done at all ATMs, irrespective of the number of transactions during the month, from November 10, 2016 till December 30, 2016, subject to review. As another customer-centric measure, the limit for cash withdrawal at POS has been made uniform at to ₹ 2000/- per day across all centres (Tier I to VI) for a