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SECURED STORAGE AND MOVEMENT OF CURRENCY

BE/RBI/15/2017 Presently, bank notes are printed and coins minted at four security presses which are received at 19 issue offices of RBI.  From RBI they are further distributed to 4,000 currency chests operated by RBI.  Also, the soiled and unfit notes are withdrawn by banks and remitted in the chests. Across over 4,000 currency chests

SECURED STORAGE AND MOVEMENT OF CURRENCY

BE/RBI/15/2017 Presently, bank notes are printed and coins minted at four security presses which are received at 19 issue offices of RBI.  From RBI they are further distributed to 4,000 currency chests operated by RBI.  Also, the soiled and unfit notes are withdrawn by banks and remitted in the chests. Across over 4,000 currency chests

RBI Rate Cut

POSSIBLE 25 BASIS POINT RATE CUT BY RBI The Central Bank had kept the Repo Rates unchanged in the Monetary Policy Committee (MPC) meeting and changed the Reverse Repo Rate by a quarter point. The current weak growth and softening side of inflation rate might influence the Central Bank to cut policy rates by 25

RBI Rate Cut

POSSIBLE 25 BASIS POINT RATE CUT BY RBI The Central Bank had kept the Repo Rates unchanged in the Monetary Policy Committee (MPC) meeting and changed the Reverse Repo Rate by a quarter point. The current weak growth and softening side of inflation rate might influence the Central Bank to cut policy rates by 25

RBI KEEPS Repo Rate Unchanged

The Central Bank has preferred to keep the Repo Rates unchanged in the Monetary Policy Committee (MPC) meeting.  However, it changed the Reverse Repo Rate to 6% which is the rate paid by RBI for excess deposits kept, by a quarter point. The purpose of doing so was with a view to decrease the alteration

RBI KEEPS Repo Rate Unchanged

The Central Bank has preferred to keep the Repo Rates unchanged in the Monetary Policy Committee (MPC) meeting.  However, it changed the Reverse Repo Rate to 6% which is the rate paid by RBI for excess deposits kept, by a quarter point. The purpose of doing so was with a view to decrease the alteration

RBI Titbits

(1) Note Denomination: RBI during the grace period allowed Indian Citizens residing in India who were abroad during November –December 2016 to exchange the old 500 and 1000 rupees notes upto 31st March 2017 and Indian Citizens who are residents outside India upto June 2017.   There was a complaint about the long queues at RBI

RBI Titbits

(1) Note Denomination: RBI during the grace period allowed Indian Citizens residing in India who were abroad during November –December 2016 to exchange the old 500 and 1000 rupees notes upto 31st March 2017 and Indian Citizens who are residents outside India upto June 2017.   There was a complaint about the long queues at RBI

RBI restricts banking operations of Kapol Co operative Bank

Depositors of The  Kapol Co-operative Bank were permitted to drawn amount only upto Rs. 3,000 from their Savings Bank and Current Bank Account as per Reserve Bank of India directives. Also, RBI added that Kapol Co-operative Bank was in troubled waters, and thus barred the bank from granting or renewing any loans or advances without

RBI restricts banking operations of Kapol Co operative Bank

Depositors of The  Kapol Co-operative Bank were permitted to drawn amount only upto Rs. 3,000 from their Savings Bank and Current Bank Account as per Reserve Bank of India directives. Also, RBI added that Kapol Co-operative Bank was in troubled waters, and thus barred the bank from granting or renewing any loans or advances without