Reserve Bank of India

Bibhu Prasad Kanungo becomes the second Odia to be appointed as Deputy Governor of the Reserve Bank of India (RBI). He replaces R Gandhi. Kanungo is likely to take charge on April 3 and will serve the post for three years. He was…

In a big relief to common man, the Reserve Bank of India (RBI) increased ATM cash withdrawal limit to Rs 4,500 per day from the current Rs 2,500 with effect from 1 January 2017. However weekly withdrawal limit remains unchanged at Rs…

A rumour has trigger across Odisha that Rs 10 coins had been declared invalid by the Reserve Bank of India. Small traders, local shops, vendors and auto-rickshaw drivers are not accepting the Rs 10 coins in the City. People are…

Financial assistance to farmers by way of immediate relief in the event of disaster is provided as per the norms of assistance in the Ministry of Home Affairs guidelines on revised items and norms of assistance under SDRF/NDRF dated 8th…

Nagpur, March 11: The Reserve Bank of India (RBI) has ordered a probe into allegations of irregularities committed by public, private and foreign banks to claim achievements of targets in lending to farmers and the agro-sector, an official…

New Delhi, March 3: The union budget 2016-17, with the target of holding the next fiscal's deficit at 3.5 percent of GDP, has given space to the Reserve Bank of India (RBI) to ease interest rates, union Minister of State for Finance Jayant…

New Delhi, Feb 16:  The Supreme court on Wednesday asked the Reserve Bank of India to furnish a list of the companies which are in default of loans by the banks and financial institutions in access of Rs.500 crore or whose loans have been…

New Delhi, Feb 12: Finance Minister Arun Jaitley on Friday said Indian banks were equipped well to deal with bad loans, and that markets need not panic since the current turmoil that has pulled down key stock indices in the country is…