The central bank, on January 31, directed it to stop accepting deposits or top-ups in any customer accounts, wallets, FASTags and other instruments after February 29.
As much as 93 per cent of Rs 2000 currency notes that were in circulation on May 19 -- the day when the currency was withdrawn from circulation -- have been returned to banks.
Earlier, NITI Aayog has submitted the names of a few public sector banks (PSB) and one public sector general insurer which can be sold off under the government's new privatisation policy.
Both RBI and government are committed to financial stability. We have flagged certain concerns around cryptocurrencies which are being traded in the market. We have flagged certain major concerns to the government
Experts opined that RBI may not go for a reduction in the policy rate in the wake of rising Consume Price Index based inflation, driven mainly by supply-side issues