RBI brings back more than 100 tonnes of gold stored in ‘Bank of England’ for several years
Even India has been keeping gold in the Bank of England since independence.
India becomes a country with a 4 trillion dollars economy (Rs 4 Lakh crore)
The Indian Reserve Bank said that India’s economy grew by 7.8% in the first three months of this fiscal year.
RBI hikes repo rate by 0.50%
Reserve Bank of India (RBI) has hiked the repo rate by 0.50%, taking it to 5.90% from 5.40%. It will result in raising interest on various loans such as housing, vehicle, personal, etc. leading to an increase in the EMI (Equated monthly instalment) for the borrowers.
Do not fall into the trap of fraudsters, RBI alerts the public
Reserve Bank of India has alerted people instructing them not to fall prey to fraudsters. In today’s time, many people easily fall prey to fraudsters.
After Sri Lanka, now Nepal is facing financial crisis !
Sri Lanka is currently going through an economic crisis that is said to be the biggest in the last 70 years. There are indications that a similar crisis could befall Nepal, India’s other neighbour.
Now ATM card not required to withdraw money : Reserve Bank of India Governor
The cardless money withdrawal facility will curb things such as Card Skimming (a method of stealing the technical information and PIN of the ATM card).
RBI : Printing of Rs. 2,000 notes stops for the financial year 2021-22
Reserve Bank of India (RBI) has announced that Rs. 2,000 currency notes will not be printed in financial year 2021-22.
Account holders to get refund within 10 days of online fraud!
In view of rising online frauds, the Reserve Bank of India has laid down the guidelines to compensate the victims.
Rs. 5, 10, and 100 currency notes will not be discontinued – RBI clarification
A few days ago media circulated a news that currency notes of Rs. 5, 10, and 100 denominations will be discontinued.
Tirupati temple to draw monthly interest on Rs 12,000 crore deposits due to cash crunch
Apparently faced with a severe liquidity crunch due to a sharp fall in cash offerings by devotees to the Shri Venkateshwara temple on Tirumala, the Tirumala Tirupati Devasthanams on 28th August decided to convert its cash deposits worth over Rs 12,000 crore in various banks into the monthly mode.