Press Releases - RBI - Reserve Bank of India
Press Releases
Aug 18, 2017
RBI Introduces ₹ 50 banknote in Mahatma Gandhi (New) Series
The Reserve Bank of India will shortly issue ₹ 50 denomination banknotes in the Mahatma Gandhi (New) Series, bearing signature of Dr. Urjit R. Patel, Governor, Reserve Bank of India. The new denomination has motif of Hampi with Chariot on the reverse, depicting the country’s cultural heritage. The base colour of the note is Fluorescent Blue. The note has other designs, geometric patterns aligning with the overall colour scheme, both at the obverse and reverse. All the
The Reserve Bank of India will shortly issue ₹ 50 denomination banknotes in the Mahatma Gandhi (New) Series, bearing signature of Dr. Urjit R. Patel, Governor, Reserve Bank of India. The new denomination has motif of Hampi with Chariot on the reverse, depicting the country’s cultural heritage. The base colour of the note is Fluorescent Blue. The note has other designs, geometric patterns aligning with the overall colour scheme, both at the obverse and reverse. All the
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Aug 11, 2017
RBI Clarifies On Quality Control Measures In Currency Note Printing
The process and system followed for production of Indian banknotes are at par with the best practices adopted globally. In line with the same, banknote quality is maintained well within the various tolerance parameters for dimension, placement of design, print features etc. The currency printing presses are equipped with state of the art machinery, documented systems and technically qualified personnel through which quality control is ensured at each stage of banknote
The process and system followed for production of Indian banknotes are at par with the best practices adopted globally. In line with the same, banknote quality is maintained well within the various tolerance parameters for dimension, placement of design, print features etc. The currency printing presses are equipped with state of the art machinery, documented systems and technically qualified personnel through which quality control is ensured at each stage of banknote
Aug 10, 2017
RBI transfers surplus to the Government of India
The Reserve Bank’s Central Board, at its meeting held today, approved the transfer of surplus to the Government of India amounting to ₹ 306.59 billion for the year ended June 30, 2017. Jose J. Kattoor Chief General Manager Press Release: 2017-2018/414
The Reserve Bank’s Central Board, at its meeting held today, approved the transfer of surplus to the Government of India amounting to ₹ 306.59 billion for the year ended June 30, 2017. Jose J. Kattoor Chief General Manager Press Release: 2017-2018/414
Aug 08, 2017
Sovereign Gold Bond-Dematerialisation
The Reserve Bank of India, in consultation with the Government of India, has issued nine tranches of Sovereign Gold Bonds for a total value of ₹ 6030 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, i
The Reserve Bank of India, in consultation with the Government of India, has issued nine tranches of Sovereign Gold Bonds for a total value of ₹ 6030 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, i
Aug 03, 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,
Aug 02, 2017
Tirumala Co-operative Urban Bank Ltd., Hyderabad, Telangana – Penalised
The Reserve Bank of India has imposed a monetary penalty of ₹ 2.00 lakh (Rupees Two lakh only) on Tirumala Co-operative Urban Bank Ltd., Hyderabad, Telangana, in exercise of the 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 violation of following Reserve Bank of India directives and guidelines on :- Loans and advances to directors and their rel
The Reserve Bank of India has imposed a monetary penalty of ₹ 2.00 lakh (Rupees Two lakh only) on Tirumala Co-operative Urban Bank Ltd., Hyderabad, Telangana, in exercise of the 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 violation of following Reserve Bank of India directives and guidelines on :- Loans and advances to directors and their rel
Aug 02, 2017
Third Bi-monthly Monetary Policy Statement, 2017-18 Resolution of the Monetary Policy Committee (MPC) Reserve Bank of India
On the basis of an assessment of the current and evolving macroeconomic situation at its meeting today, the Monetary Policy Committee (MPC) decided to: reduce the policy repo rate under the liquidity adjustment facility (LAF) by 25 basis points from 6.25 per cent to 6.0 per cent with immediate effect. Consequently, the reverse repo rate under the LAF stands adjusted to 5.75 per cent, and the marginal standing facility (MSF) rate and the Bank Rate to 6.25 per cent. The
On the basis of an assessment of the current and evolving macroeconomic situation at its meeting today, the Monetary Policy Committee (MPC) decided to: reduce the policy repo rate under the liquidity adjustment facility (LAF) by 25 basis points from 6.25 per cent to 6.0 per cent with immediate effect. Consequently, the reverse repo rate under the LAF stands adjusted to 5.75 per cent, and the marginal standing facility (MSF) rate and the Bank Rate to 6.25 per cent. The
Aug 02, 2017
Directions under Section 35A of the Banking Regulation Act, 1949 (AACS) – The Bhopal Nagrik Sahakari Bank Limited, Bhopal – Extension of Period
It is hereby notified for information of the public that the Reserve Bank of India is satisfied that in the public interest, it is necessary to extend the period of operation of the Directive dated October 29, 2012 read with Directive dated January 25, 2017 issued to The Bhopal Nagrik Sahakari Bank Limited, Bhopal (M.P.) extending directions up to July 31, 2017. Accordingly, the Reserve Bank of India in exercise of powers vested in it under sub-section (1) of section
It is hereby notified for information of the public that the Reserve Bank of India is satisfied that in the public interest, it is necessary to extend the period of operation of the Directive dated October 29, 2012 read with Directive dated January 25, 2017 issued to The Bhopal Nagrik Sahakari Bank Limited, Bhopal (M.P.) extending directions up to July 31, 2017. Accordingly, the Reserve Bank of India in exercise of powers vested in it under sub-section (1) of section
Aug 02, 2017
Statement on Developmental and Regulatory Policies, Reserve Bank of India
1. Measures to Improve Monetary Policy Transmission The experience with the Marginal Cost of Funds Based Lending Rate (MCLR) system introduced in April 2016 for improving the monetary transmission has not been entirely satisfactory, even though it has been an advance over the Base Rate system. An internal Study Group has been constituted by the Reserve Bank of India (RBI) to study the various aspects of the MCLR system from the perspective of improving the monetary tr
1. Measures to Improve Monetary Policy Transmission The experience with the Marginal Cost of Funds Based Lending Rate (MCLR) system introduced in April 2016 for improving the monetary transmission has not been entirely satisfactory, even though it has been an advance over the Base Rate system. An internal Study Group has been constituted by the Reserve Bank of India (RBI) to study the various aspects of the MCLR system from the perspective of improving the monetary tr
Aug 01, 2017
Nagar Sahkari Bank Ltd., Etawah - Penalised
The Reserve Bank of India has imposed a monetary penalty of ₹ 20,000/- (twenty thousand rupees only) on Nagar Sahkari Bank Ltd., Etawah in exercise of powers vested in it under the provisions of Section 47A(1)(c) read with Section 46(4) of the Banking Regulation Act, 1949 (As Applicable to Co-operative Societies), for violation of RBI Instructions/Guidelines on KYC/AML Measures and Section 26A of Banking Regulation Act, 1949 (AACS). The Reserve Bank of India had issue
The Reserve Bank of India has imposed a monetary penalty of ₹ 20,000/- (twenty thousand rupees only) on Nagar Sahkari Bank Ltd., Etawah in exercise of powers vested in it under the provisions of Section 47A(1)(c) read with Section 46(4) of the Banking Regulation Act, 1949 (As Applicable to Co-operative Societies), for violation of RBI Instructions/Guidelines on KYC/AML Measures and Section 26A of Banking Regulation Act, 1949 (AACS). The Reserve Bank of India had issue
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