BE/RBI NOTE/35/2018 Mumbai based FINO PAYMENTS BANK has entered into problems.  RBI has directed them to stop  opening new Accounts till the processes stipulated are duly followed.  This relates to Deposits Limits which is restricted to rupees one lac. Also, it is learnt that Paytm Payments Bank has been advised to stop acquiring fresh customers

BE/RBI NOTE/34/2018   An RBI report released states that as much as 99.3 per cent of the junked Rs. 500 and Rs. 1000 which were demonetized by the Government has since returned to the banking system. RBI also stated that only a miniscule percentage of currency was left out of the system after the Government’s

BE/RBI NOTE/33/2018 It is essential to know the Exchange rate of Rupee with other currencies.  How to get it?  Here is how we get it. A country trades with other countries. The home currency’s exchange rate with all the trading partners is required to be taken into account in order to judge the currency’s competitiveness.

BE/RBI NOTE/32/2018 Fears caused by Inflation followed by Oil rate hike has led to a hike in overall rates resulting in a weakened rupee. The risk of inflationary pressure coupled with increased oil prices forced the MPC committee of RBI to go for a rate hike in early August this year. The MPC members raised

BE/RBI NOTE/31/2018 In order to avoid disgusting surprises in the bankruptcy court or surprises after debt resolution, RBI has identified around 200 loan accounts and thus would be going through books as far as 2011, as a part of their inspection process. Some of such accounts include Videocon, Essar Steel, ABG Shipyard, Bhushan Steel and