Over 98% of Rs 2,000 bank notes have been returned: RBI
A total of 98.12% of the Rs 2,000 bank notes in circulation as on May 19, 2023, have been returned at the close of business on December 31, 2024.
A total of 98.12% of the Rs 2,000 bank notes in circulation as on May 19, 2023, have been returned at the close of business on December 31, 2024.
The Reserve Bank of India (RBI) on Monday directed all banks to put in place a facility to enable a remitter to verify the beneficiary bank account name before initiating a transaction using the RTGS or NEFT system.
The Indian economy and the domestic financial system are underpinned by strong macroeconomic fundamentals, healthy balance sheets of banks and non-banks with returns on assets at decadal highs, according to the RBI financial stability report released on Monday.
Employee attrition in private sector banks has witnessed an increase to about 25 per cent, RBI said in a report. It highlighted that this high turnover rate poses significant operational risk.
The foreign exchange reserves fell for a third consecutive week as of December 20, data from the Reserve Bank of India said on Friday.
Despite a resi- lient economy that has outpaced most forecasts and is projected to grow at a commendable 7 per cent in 2024- 25, the RBI acknowledges the intricacies of the last leg of disinflation.
The meetings will be held ahead of the release of the frequently asked questions (FAQs) by the RBI.
Sensex ended lower by 723.57 points or 1% at 71,428.43 level , while the Nifty 50 closed at 21,717.95 level, down 212.55 points or 0.97%.
The Reserve Bank of India (RBI) projected the retail inflation falling to below 5 per cent on considerable certainty on the food price outlook and some softening in the growth of input costs.
The Reserve Bank of India (RBI) on Thursday announced to mandate all Regulated Entities (REs) to provide the ‘Key Fact Statement’ (KFS) to the borrowers for all retail and MSME loans.
