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Introduction of Rs 200 notes will ease transactions: RBI

Introduction of Rs 200 notes will ease transactions: RBI

The Reserve Bank launched the bright yellow 200 notes and said it will shortly ramp up the supply of the new currency note across the country. The RBI has launched…

RBI to issue Rs 200 notes: Finance Ministry

RBI to issue Rs 200 notes: Finance Ministry

The government on Wednesday gave its go-ahead to the Reserve Bank to issue Rs 200 notes that will ease pressure on lower-denomination currency bills. The finance ministry, in a notification,…

SBI offers upto 100% waiver on car, gold, personal loans

SBI offers upto 100% waiver on car, gold, personal loans

With the onset of the festive season, the largest lender State Bank of India announced processing fee waiver of up to 100 per cent on car loans, gold loans and…

RBI to issue new fluorescent blue Rs 50 notes

RBI to issue new fluorescent blue Rs 50 notes

The Reserve Bank will soon introduce new fluorescent blue Rs 50 banknotes bearing the motif of ‘Hampi with Chariot’ that depicts India’s cultural heritage. RBI said it will shortly issue…

No more lobbying in public sector bank appointments: Govt

No more lobbying in public sector bank appointments: Govt

No lobbying, “allotment” on the basis of merit-cum-performance and enlarging the employment pool to include the private sector are some key initiatives taken by the Centre for top-level recruitments in…

Ensure safety of customers’ lockers: RBI to banks

Ensure safety of customers’ lockers: RBI to banks

The Reserve Bank has asked banks to ensure customers’ lockers remain safe and there is “no negligence” that could render banks liable to claims by locker holders, Parliament was informed.…

RBI cuts key rate by 0.25%; home, auto EMIs to be lower

RBI cuts key rate by 0.25%; home, auto EMIs to be lower

The Reserve Bank cut its key lending rate by 0.25 per cent – first time in 10 months – to about 7-year low of 6 per cent, a move which…

SBI cuts savings bank rate by 0.5% on deposits up to Rs 1 cr

SBI cuts savings bank rate by 0.5% on deposits up to Rs 1 cr

The decline in rate of inflation and high real interest rates have prompted State Bank of India to cut the savings bank deposits rate from 4 per cent to 3.5…

New Rs 200 note likely to come into circulation next month

New Rs 200 note likely to come into circulation next month

The RBI has reportedly already started printing the first batch of Rs 200 note in June to ensure easy currency availability in the country. “We have already started printing of…

Jaitley introduces bill to replace Banking Regulation Ordinance

Jaitley introduces bill to replace Banking Regulation Ordinance

A bill to authorise the RBI to direct banking companies to resolve the problem of stressed assets was on Monday introduced in the Lok Sabha by Finance Minister Arun Jaitley.…