BE/RBI/35/2016 The Reserve Bank of India (RBI) Governor Urjit Patel on Sunday said the central bank is monitoring the situation on a daily basis and taking necessary action to “ease the genuine pain of citizens”, and would be putting things in place as soon as possible. Patel also informed that RBI has announced an incremental

BE/RBI/34/2016 Now that the bank currency chests are over flowing with old, banned notes, the Reserve Bank of India (RBI) informs that these specified bank notes (SBN) could be deposited at their offices. RBI has further added that these SBNs will remain in the vaults of RBI offices under whose jurisdiction they are located, under

BE/RBI/33/2016 Giving heed to the problems faced by the common man, after demonetisation of 500 and 1000 rupee notes by the Indian Government, the Reserve Bank of India (RBI) has come out with various measures and adds that total exchange and deposits effected from November 10, 2016 till November 18, 2016 amounted to Rs. 5,44,571

The Reserve Bank today said registration certificates of five non-banking financial companies (NBFCs) have been cancelled while two surrendered their certificate to the central bank. These seven entities,  RBI said, “cannot transact the business of a non-banking financial institution”.The entities whose certificates were cancelled are SIMCO CONSULTANTS, LUNKAD SECURITIES, RAJVIR MARKETING AND INVESTMENT, CRYSTAL INVESTMENTS AND

With a view to remove the Corporate Stress, Reserve Bank of India, made far-reaching changes to the present loan restructuring schemes like S4A, 5/25 and SDR.  The RBI has now increased the time limit of 90 days to 180 days given to the lenders for bringing out a Restructuring package, under S4A scheme (Sustainable Structuring