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Paytm gets RBI approval for payments bank

Paytm on Tuesday said it has received final approval of the Reserve Bank to formally launch its payments bank and it expects to start...

RBI asks banks to supply 40% of notes to rural areas

To mitigate hardships of poor and marginal farmers due to cash deficit following demonetisation, the Reserve Bank on Tuesday directed banks to distribute at...

Can’t reveal if Finance Minister was consulted before notes ban: RBI

Whether views of the Chief Economic Advisor and the Finance Minister were taken before the sudden announcement of demonetisation of high-value currency notes by...

NRIs can exchange defunct notes till 30 June, residents abroad till...

RBI Saturday night came out with conditions for exchange of defunct notes for those, including non-resident Indians, who failed to do so till 30...

Chidambaram demands minutes of the meeting before demonetisation announcement be made...

Stepping up attack on the RBI, former finance minister P Chidambaram on Friday wondered how Urjit Patel, within 62 days of taking over as...

Still have old Rs 500, Rs 1,000 notes? Last day to...

31 December marks the end of the 50-day period Prime Minister Narendra Modi had sought to ease the initial pain of demonetisation. It also...

RBI refuses to give reasons behind demonetisation

Why were Rs 1000 and Rs 500 notes demonetised by the government? Fifty days after the government announced that these notes would cease to...

RBI’s new RTI reply on demonetisation poses more questions to PM’s...

A new RTI reply by the Reserve Bank of India on Prime Minister Narendra Modi's demonetisation announcement has posed more questions around fixing the...

Year of exits at RBI: First Raghuram Rajan, then old notes!

First, it was outspoken Raghuram Rajan and then old Rs 500/1,000 notes, including those bearing his signature -- 2016 saw them exit the Mint...

Cabinet clears ordinance on note ban, stringent punlishment for persons holding...

The Union Cabinet has cleared an ordinance to extinguish the liability of the government and the RBI on the demonetised high denomination notes. The ordinance...

Workers say no to overtime at currency printing press in Bengal

A section of employees of the currency printing press at Salboni in West Bengal has informed the authorities that they will not be working...

Currency worth Rs 5.92 lakh crore issued since demonetisation: RBI

The Reserve Bank on Wednesday said banks have issued currency worth over Rs 5.92 lakh crore to the public since the demonetisation of old...

Demonetisation: Japanese brokerage Nomura growth indices plunge to lowest level since...

Confirming fears of demonetisation move hitting growth, Japanese brokerage Nomura on Wednesday said its proprietary indices have dipped to the lowest levels since 1996,...

Congress calls RBI Reverse Bank of India, says federal bank changed...

Congress on Wednesday launched a blistering attack on the central government and the Reserve Bank of India calling the latter Reverse Bank of India...

RBI changing rules like PM Modi changes his clothes: Rahul Gandhi

In yet another swipe at Prime Minister over demonetisation after RBI announced restrictions on depositing scrapped Rs 500 and Rs 1,000 notes, Rahul Gandhi...

Enough currency with RBI to last beyond 30 December, says Arun...

The Reserve Bank was fully prepared to deal with currency shortages post demonetisation and has enough currency in its chests to last "far beyond"...

On 8 Nov, RBI had only Rs 4.94 lakh cr in...

On the day Prime Minister Narendra Modi announced scrapping of Rs 1,000 and Rs 500 notes, RBI had only Rs 4.94 lakh crore in...

Cash crunch to normalise by Feb 2017: Report

Around 75 per cent of the total value of scrapped notes is expected to be back in the system by January-end and complete normalcy...

RBI governor to brief Parliamentary panel on demonetisation

Reserve Bank Governor Urjit Patel will on December 22 brief the Parliamentary Committee on Finance about the demonetisation process and its impact. "Briefing by the...

People have lost faith in RBI, banking system: Anand Sharma

Congress today targeted RBI and banks in the country, saying people have "lost faith" in the "banking system" after Prime Minister Narendra Modi's "disastrous...