The Reserve Bank of India’s (RBI) has stated its intention to adopt the Positive Pay system for the payment of cheques valuing Rs 50,000 and above. Salient Features -From this action, high value bank cheque transactions are set to become Read More …
Tag: RBI
Supreme Court set aside RBI’s ban on cryptocurrency
On March 4, 2020, a Supreme Court Bench set aside a ban by the Reserve Bank of India (RBI) on banks and financial institutions from dealing with virtual currency or cryptocurrency holders and exchanges. Violation of Article 19(1)(g): The Supreme Read More …
RBI releases Prudential Framework for Resolution of Stressed Assets
The Reserve Bank of India on June 6, 2019 issued a new ‘Prudential Framework for Resolution of Stressed Assets’ for resolution of bad loans. The new norms will replace all the earlier resolution plans such as the framework for revitalising Read More …
RBI made linking of national biometric ID Aadhaar to bank accounts mandatory
What: Know Your Customer (KYC) guidelines Who: RBI Why: Aadhaar made mandatory for bank accounts The Reserve Bank of India has revised its “Know Your Customer”(KYC) guidelines. As per the RBI the KYC norms have been revised following the government’s decision to Read More …
RBI announces to set up Data Sciences Lab to improve its forecasting and surveillance
What: DATA SCIENCE LAB Who: RBI Why: To aid policy formulation Reserve Bank of India on April 5, 2018 announced to set up Data Sciences Lab. The proposed lab will improve RBI’s forecasting, surveillance and early warning detection abilities which will Read More …
भारतीय रिजर्व बैंक स्थापित करेगा ‘डाटा साइंस लैब’
क्याः डाटा साइंस लैब कौनः भारतीय रिजर्व बैंक क्योंः नीति निर्माण में योगदान भारतीय रिजर्व बैंक ने सार्वजनिक क्षेत्र के बैंकों में जालसाजी मामलों को देखते हुये में हाल में कई कदम उठाये हैं। इसी क्रम में आरबीआई ने डाटा Read More …
RBI has taken many steps to prevent frauds in banking system
According to the Reserve Bank of India, it has taken many steps to prevent frauds in banking system. Some of those steps are: A framework for dealing with loan frauds of Rs. 50 crore and above, under which banks classify Read More …
बैेंकों के दबाव वाले कर्ज पर भारतीय रिजर्व बैंक का संशोधित फ्रेमवर्क
भारतीय रिजर्व बैंक ने बैंक कर्ज डिफॉल्ट की समस्या से निजात पाने के लिए पहले के दिशा-निर्देशों में व्यापक परिवर्तन करते हुये इसे और सख्त कर दिया है। भारतीय रिजर्व बैंक ने बैड लोन या दबाब वाले कर्जों की समस्या Read More …
RBI’s revised guidelines for resolution of bad loans
Reserve Bank of India on 12 February issued a revised guidelines for expeditious resolution of bad loans, harmonising the existing guidelines with the norms specified in the Insolvency and Bankruptcy Code (IBC). The new guidelines have specified framework for early Read More …
बेस रेट को एमसीएलआर से जोड़ने का भारतीय रिजर्व बैंक का आदेश
भारतीय रिजर्व बैंक ने बैंकों द्वारा दिये गये कर्ज के आधार दर या बेस रेट को ‘फंड की सीमांत लागत आधारितऋण दर यानी एमसीएलआर (MCLR) से जोड़ने का निर्देश दिया है। यह आदेश 1 अप्रैल, 2018 से लागू हो जाएगा। Read More …
A new banknotes of Rs. 10 denomination
The Reserve Bank of India (RBI) on 5 January, 2018, announced a new banknotes of Rs. 10 denomination – The new Rs. 10 notes will be in the Mahatma Gandhi (New) Series, and will bear the signature of RBI Governor, Dr. Urjit R. Patel. Read More …