BE/RBI NOTE/30/2018 Reserve Bank of India would be paying a dividend of Rs. 50,000 crore to the Union Government for the year ended June 30, 2018. It is understood that the board meeting of RBI Directors, which met in Mumbai, on August 8, 2018 has approved the transfer of surplus amounting to Rs. 50,000 crore

BE/RBI NOTE/29/2018 What Experts guessed has come true. RBI has raised the REPO rate by 25 Basis Points to 6.50 per cent and the Reverse REPO rate also stands revised to 6.25 per cent which was hitherto 6.25 per cent. This is the first time in nearly five years that the RBI has gone for a

BE/RBI NOTE/28/2018 In a period of two months, possibility of the interest rates being hiked by RBI is foreseen during the ensuing bi-monthly policy meeting.   More Details are furnished below: A positive change resulting in high risks of inflation is said to be the main reason for the increase. A poll conducted consisting of over

BE/RBI NOTE/27/2018 Container Technology connected with ATMs is well known to people.  Here, exchange of empty Cassettes for full is possible which an appreciable feature of ATMs is.  It is true that these cassettes can easily be accessed by anyone in the cash handling circle.  This is ofcourse an inherent risk. In order to avoid

BE/RBI NOTE/25/2018 Rs 100 denomination banknotes in the Mahatma Gandhi (new) series, bearing the signature of its Governor Urjit R. Patel, will be shortly issued by Reserve Bank of India (RBI) The new denomination banknote would bear the motif of ‘Rani Ki Vav’ on its reverse, thus portraying the country’s cultural heritage. The base colour