Press Releases - RBI - Reserve Bank of India
Press Releases
Sep 25, 2007
New Ferritic Stainless Steel Coins of Rs. 2 denomination with the theme "PLATINUM JUBILEE OF INDIAN AIR FORCE (1932-2007)"
The Reserve Bank of India will shortly put into circulation new Ferritic Stainless Steel Coins of Rs. 2 with the theme "PLATINUM JUBILEE OF INDIAN AIR FORCE (1932-2007)" The coins shall conform to the following dimensions, designs and compositions, namely : Denomination of the coin Shape and outside diameter Metal composition Two Rupees Circular 27 millimeters Ferritic Stainless Steel containing – Iron – 83% Chromium – 17% Designs : OBVERSE : The face of the coin is d
The Reserve Bank of India will shortly put into circulation new Ferritic Stainless Steel Coins of Rs. 2 with the theme "PLATINUM JUBILEE OF INDIAN AIR FORCE (1932-2007)" The coins shall conform to the following dimensions, designs and compositions, namely : Denomination of the coin Shape and outside diameter Metal composition Two Rupees Circular 27 millimeters Ferritic Stainless Steel containing – Iron – 83% Chromium – 17% Designs : OBVERSE : The face of the coin is d
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Sep 25, 2007
RBI further liberalises Forex Rules
On a review of the current macro economic situation and in consultation with the Government of India, it has been decided to accelerate the implementation of the third phase of the recommendations of the Committee on Fuller Capital Account Convertibility (CFCAC) with regard to the foreign exchange outflows.Accordingly, the following measures are being implemented with immediate effect: i) Investment in overseas Joint Ventures (JV) / Wholly Owned Subsidiaries (WOS) by
On a review of the current macro economic situation and in consultation with the Government of India, it has been decided to accelerate the implementation of the third phase of the recommendations of the Committee on Fuller Capital Account Convertibility (CFCAC) with regard to the foreign exchange outflows.Accordingly, the following measures are being implemented with immediate effect: i) Investment in overseas Joint Ventures (JV) / Wholly Owned Subsidiaries (WOS) by
Aug 16, 2007
Availability of Coins
The Reserve Bank of India has been receiving complaints from some quarters about inadequate availability of coins. The Reserve Bank clarifies that there is no shortage of coins and members of public, shops and commercial establishments can obtain their coin requirements from its Regional Offices or from designated branches of commercial banks. In case of difficulties/problems in this regard, members of public and others can approach the Regional Directors of the conce
The Reserve Bank of India has been receiving complaints from some quarters about inadequate availability of coins. The Reserve Bank clarifies that there is no shortage of coins and members of public, shops and commercial establishments can obtain their coin requirements from its Regional Offices or from designated branches of commercial banks. In case of difficulties/problems in this regard, members of public and others can approach the Regional Directors of the conce
Aug 10, 2007
Frequently Asked Questions under the Liberalized Remittance Scheme – Reserve Bank’s Response
The Reserve Bank of India had announced a Liberalized Remittance Scheme (the Scheme) in February 2004 as a step towards further simplification and liberalization of the foreign exchange facilities available to resident individuals. As per the Scheme, resident individuals may remit up to USD 100,000 per financial year for any permitted capital and current account transactions. The Scheme was operationalised vide A.P. (DIR Series) Circular No. 64 dated February 4, 2004.
The Reserve Bank of India had announced a Liberalized Remittance Scheme (the Scheme) in February 2004 as a step towards further simplification and liberalization of the foreign exchange facilities available to resident individuals. As per the Scheme, resident individuals may remit up to USD 100,000 per financial year for any permitted capital and current account transactions. The Scheme was operationalised vide A.P. (DIR Series) Circular No. 64 dated February 4, 2004.
Jul 24, 2007
RBI invites Feedback on the ‘Report of the Technical Group Set up to Review Legislations on Money Lending’
The Reserve Bank had announced in paragraph 153 of the ‘Annual Policy Statement for the year 2006-2007’ the setting up of a Technical Group to review legislations on money lending for (a) reviewing the efficacy of the existing legislative framework, which governs money lending, (b) reviewing the enforcement machinery in different states and (c) making recommendations to State Governments for improving the legal and enforcement framework in the interest of rural househ
The Reserve Bank had announced in paragraph 153 of the ‘Annual Policy Statement for the year 2006-2007’ the setting up of a Technical Group to review legislations on money lending for (a) reviewing the efficacy of the existing legislative framework, which governs money lending, (b) reviewing the enforcement machinery in different states and (c) making recommendations to State Governments for improving the legal and enforcement framework in the interest of rural househ
Apr 18, 2007
RBI introduces Protected Disclosures Scheme
for Private and Foreign Banks operating in India
for Private and Foreign Banks operating in India
The Reserve Bank of India today introduced Protected Disclosures Scheme for private and foreign banks operating in India. The circular issued to private sector and foreign banks operating in India in this regard is placed on the RBI website at www.rbi.org.in for information of members of public. Public sector banks and the Reserve Bank of India (since it is an entity established under Central Statute) have already been brought under the purview of Government of India
The Reserve Bank of India today introduced Protected Disclosures Scheme for private and foreign banks operating in India. The circular issued to private sector and foreign banks operating in India in this regard is placed on the RBI website at www.rbi.org.in for information of members of public. Public sector banks and the Reserve Bank of India (since it is an entity established under Central Statute) have already been brought under the purview of Government of India
Apr 12, 2007
RBI`s Special move to exchange Notes for Coins
In order to help the members of public in obtaining Re.1, Rs.2 and Rs. 5 denomination coins near their residence/place of work, the Reserve Bank of India, Mumbai has made special arrangements to issue these coins in exchange of notes at the following bank branches: Sr. No. Name of the bank Branch address Date Timings 1. Corporation Bank, D.N Road branch, Veena Chambers, 21, Dalal Street, Mez. Floor, Fort, Mumbai 400 023 April 17, 2007 11 am to 3 pm 2. Central Bank of
In order to help the members of public in obtaining Re.1, Rs.2 and Rs. 5 denomination coins near their residence/place of work, the Reserve Bank of India, Mumbai has made special arrangements to issue these coins in exchange of notes at the following bank branches: Sr. No. Name of the bank Branch address Date Timings 1. Corporation Bank, D.N Road branch, Veena Chambers, 21, Dalal Street, Mez. Floor, Fort, Mumbai 400 023 April 17, 2007 11 am to 3 pm 2. Central Bank of
Mar 29, 2007
Reserve Bank of India to accept tax payments beyond banking hours on March 31
For the convenience of taxpayers, the Reserve Bank of India has made special arrangements at its Mumbai and Navi Mumbai offices to receive cash deposits representing taxes at the counters upto 4.00 p.m. on March 31, 2007. Cheques/other instruments representing payment of taxes to the Government would be received upto 5.00 p.m. on March 31, 2007. Instructions have also been issued to agency banks, viz., State Bank of India and its associates, public sector banks and de
For the convenience of taxpayers, the Reserve Bank of India has made special arrangements at its Mumbai and Navi Mumbai offices to receive cash deposits representing taxes at the counters upto 4.00 p.m. on March 31, 2007. Cheques/other instruments representing payment of taxes to the Government would be received upto 5.00 p.m. on March 31, 2007. Instructions have also been issued to agency banks, viz., State Bank of India and its associates, public sector banks and de
Mar 20, 2007
Obtain coins near your home or place of work : RBI arranges with banks
The Reserve Bank of India, from time to time makes special arrangements to issue coins in exchange from branches of commercial banks to help members of public in obtaining coins near their residence or place of work. Under the same initiative, Crawford Market branch of HDFC Bank will issue coins of Rs.2 in exchange on March 21, 2007 between 11.00 a.m. and 2.00 p.m. Similarly, Chembur branch of UTI bank will issue coins of Rs.2 in exchange on March 23, 2007 between 11.
The Reserve Bank of India, from time to time makes special arrangements to issue coins in exchange from branches of commercial banks to help members of public in obtaining coins near their residence or place of work. Under the same initiative, Crawford Market branch of HDFC Bank will issue coins of Rs.2 in exchange on March 21, 2007 between 11.00 a.m. and 2.00 p.m. Similarly, Chembur branch of UTI bank will issue coins of Rs.2 in exchange on March 23, 2007 between 11.
Dec 19, 2006
Reserve Bank of India to circulate New Ferritic Stainless Steel Rs.2 Coins
The Reserve Bank of India will shortly put into circulation new Ferritic Stainless Steel Rs.2 Coins with the theme 'unity in diversity'. The coins are circular in shape with 27 millimeters diameter with a metal composition of 17 percent chromium and 83 percent iron. The face of the coin has three portions. The centre portion bears the Lion Capitol of Ashoka Pillar with the legend mel³ecesJe pe³eles inscribed below and the prominent international numerals '2' indicatin
The Reserve Bank of India will shortly put into circulation new Ferritic Stainless Steel Rs.2 Coins with the theme 'unity in diversity'. The coins are circular in shape with 27 millimeters diameter with a metal composition of 17 percent chromium and 83 percent iron. The face of the coin has three portions. The centre portion bears the Lion Capitol of Ashoka Pillar with the legend mel³ecesJe pe³eles inscribed below and the prominent international numerals '2' indicatin
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