Press Releases - RBI - Reserve Bank of India
Press Releases
Jan 22, 2016
RBI to issue ₹ 500 banknotes with inset letter ‘E’, ascending size of numerals in number panels, bleed lines and enlarged identification mark
The Reserve Bank of India will shortly issue ₹ 500 denomination bank notes with three additional/revised features in the Mahatma Gandhi Series-2005, with inset letter ‘E’ 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 ₹ 500 Banknotes in Mahatma Gandhi Series-
The Reserve Bank of India will shortly issue ₹ 500 denomination bank notes with three additional/revised features in the Mahatma Gandhi Series-2005, with inset letter ‘E’ 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 ₹ 500 Banknotes in Mahatma Gandhi Series-
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Jan 22, 2016
RBI extends Directions issued to CKP Co-operative Bank Ltd, Mumbai, Maharashtra till July 31, 2016
The Reserve Bank of India notified that CKP Co-operative Bank Ltd, Mumbai, Maharashtra, was placed under directions for a period of six months vide directive dated April 30, 2014 from the close of business on May 2, 2014. The validity of the directions was extended four times, vide directives dated October 21, 2014 for a period of three months; January 20, 2015 for a period of six months; July 9, 2015 for a period of three months and October 28, 2015 for a period of t
The Reserve Bank of India notified that CKP Co-operative Bank Ltd, Mumbai, Maharashtra, was placed under directions for a period of six months vide directive dated April 30, 2014 from the close of business on May 2, 2014. The validity of the directions was extended four times, vide directives dated October 21, 2014 for a period of three months; January 20, 2015 for a period of six months; July 9, 2015 for a period of three months and October 28, 2015 for a period of t
Jan 22, 2016
RBI to issue ₹ 100 Banknotes with incorporation of ascending size of Numerals in the number panels, bleed lines and enlarged identification mark
As a part of its endeavor to continually improve design/security features of the banknotes and to deter counterfeiting activities, Reserve Bank of India recently introduced bank notes in ₹ 100, 500 and 1000 denominations with ascending size of numerals in number panels. This feature was already explained in the press releases Nos.(i) 2014-2015/2750 dated June 25, 2015, (ii) 2015-2016/343 dated August 7, 2015, (iii) 2015-2016/466 dated August 21, 2015, respectively whe
As a part of its endeavor to continually improve design/security features of the banknotes and to deter counterfeiting activities, Reserve Bank of India recently introduced bank notes in ₹ 100, 500 and 1000 denominations with ascending size of numerals in number panels. This feature was already explained in the press releases Nos.(i) 2014-2015/2750 dated June 25, 2015, (ii) 2015-2016/343 dated August 7, 2015, (iii) 2015-2016/466 dated August 21, 2015, respectively whe
Jan 21, 2016
RBI makes its Master Direction on Gold Monetization Scheme more customer-friendly
The Reserve Bank of India has today made a few amendments to its Master Direction on Gold Monetization Scheme. The modifications have been made in consultation with Central Government to make the Scheme more customer-friendly. The depositors will be able to withdraw medium term and long term government deposits pre-maturely after the minimum lock-in period of three years in the case of medium term deposits and after five years in the case of long term deposits. Howeve
The Reserve Bank of India has today made a few amendments to its Master Direction on Gold Monetization Scheme. The modifications have been made in consultation with Central Government to make the Scheme more customer-friendly. The depositors will be able to withdraw medium term and long term government deposits pre-maturely after the minimum lock-in period of three years in the case of medium term deposits and after five years in the case of long term deposits. Howeve
Jan 19, 2016
IDFC Bank authorised to be a receiving office for Sovereign Gold Bond 2016
The Government of India, in consultation with Reserve Bank of India, has decided to notify “IDFC Bank Limited” as a receiving office for the second tranche of Sovereign Gold Bond issuance (SGB Scheme 2016). The notification dated January 14, 2016 has been amended to this effect. The other terms and conditions of the Notification shall remain unchanged. Ajit Prasad Assistant Adviser Press Release : 2015-2016/1702
The Government of India, in consultation with Reserve Bank of India, has decided to notify “IDFC Bank Limited” as a receiving office for the second tranche of Sovereign Gold Bond issuance (SGB Scheme 2016). The notification dated January 14, 2016 has been amended to this effect. The other terms and conditions of the Notification shall remain unchanged. Ajit Prasad Assistant Adviser Press Release : 2015-2016/1702
Jan 15, 2016
Additional subscription by RBI to the share capital of National Housing Bank
The Reserve Bank of India has contributed ₹1,000 crore towards the paid up capital of the National Housing Bank (NHB) on January 12, 2016, thereby increasing its shareholding in the NHB from ₹ 450 crore to ₹1,450 crore. RBI had provided for an amount of ₹1,000 crore during the accounting year 2014-15, specifically towards capital contribution to the NHB, which is its wholly owned subsidiary. Ministry of Finance, Government of India, vide their notification S.O. 3322(E
The Reserve Bank of India has contributed ₹1,000 crore towards the paid up capital of the National Housing Bank (NHB) on January 12, 2016, thereby increasing its shareholding in the NHB from ₹ 450 crore to ₹1,450 crore. RBI had provided for an amount of ₹1,000 crore during the accounting year 2014-15, specifically towards capital contribution to the NHB, which is its wholly owned subsidiary. Ministry of Finance, Government of India, vide their notification S.O. 3322(E
Jan 15, 2016
Sovereign Gold Bonds Scheme 2016 – Issue Price
The Sovereign Gold Bond will be open for subscription for the period from January 18 to 22, 2016. The issue price of the Sovereign Gold Bond for this tranche has been fixed at ₹ 2,600/- (Rupees Two Thousand Six Hundred only) per gram of gold. The rate has been fixed on the basis of simple average of closing price for gold of 999 purity of the previous week (January 11-15, 2016) published by the India Bullion and Jewellers Association Ltd (IBJA). This issue is in terms
The Sovereign Gold Bond will be open for subscription for the period from January 18 to 22, 2016. The issue price of the Sovereign Gold Bond for this tranche has been fixed at ₹ 2,600/- (Rupees Two Thousand Six Hundred only) per gram of gold. The rate has been fixed on the basis of simple average of closing price for gold of 999 purity of the previous week (January 11-15, 2016) published by the India Bullion and Jewellers Association Ltd (IBJA). This issue is in terms
Jan 14, 2016
Sovereign Gold Bond Scheme 2016
The Reserve Bank of India, in consultation with the Government of India, has decided to issue second tranche of Sovereign Gold Bonds. Applications for the bond will be accepted from January 18, 2016 to January 22, 2016. The Bonds will be issued on February 8, 2016. The Bonds will be sold through banks, Stock Holding Corporation of India Limited (SHCIL) and designated post offices. The borrowing through issuance of the Bond will form part of market borrowing programme
The Reserve Bank of India, in consultation with the Government of India, has decided to issue second tranche of Sovereign Gold Bonds. Applications for the bond will be accepted from January 18, 2016 to January 22, 2016. The Bonds will be issued on February 8, 2016. The Bonds will be sold through banks, Stock Holding Corporation of India Limited (SHCIL) and designated post offices. The borrowing through issuance of the Bond will form part of market borrowing programme
Jan 13, 2016
RBI extends Directions issued to The Suri Friends’ Union Co-operative Bank Ltd., Suri, West Bengal till July 06, 2016
The Reserve Bank of India has extended directions issued to The Suri Friends’ Union Co-operative Bank Ltd., Suri, West Bengal. The directions will continue to apply to the bank for a further period of six months from January 07, 2016 to July 06, 2016, subject to review. The Reserve Bank had initially placed the bank under directions for six months with effect from April 07, 2014 due to its very precarious financial position and the validity of which was subsequently e
The Reserve Bank of India has extended directions issued to The Suri Friends’ Union Co-operative Bank Ltd., Suri, West Bengal. The directions will continue to apply to the bank for a further period of six months from January 07, 2016 to July 06, 2016, subject to review. The Reserve Bank had initially placed the bank under directions for six months with effect from April 07, 2014 due to its very precarious financial position and the validity of which was subsequently e
Jan 10, 2016
RBI extends Directions issued to Jijamata Mahila Sahakari Bank Ltd., Satara, Maharashtra till July 09, 2016
The Reserve Bank of India notified that Jijamata Mahila Sahakari Bank Ltd., Satara, Maharashtra was placed under directions for a period of six months from the close of business on July 10, 2015 vide directive dated July 08, 2015 under Section 35A of the Banking Regulation Act, 1949 (AACS). It is hereby notified for the information of the public that the validity of the aforesaid directive has been extended for a period of six months from January 10, 2016 to July 09,
The Reserve Bank of India notified that Jijamata Mahila Sahakari Bank Ltd., Satara, Maharashtra was placed under directions for a period of six months from the close of business on July 10, 2015 vide directive dated July 08, 2015 under Section 35A of the Banking Regulation Act, 1949 (AACS). It is hereby notified for the information of the public that the validity of the aforesaid directive has been extended for a period of six months from January 10, 2016 to July 09,
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