Governor Shaktikanta Das on Tuesday told chiefs of public and private sector banks that owing to prevailing adverse global conditions, banks need to be extra vigilant
The parliamentary committee on Finance headed by BJP's Jayant Sinha has called RBI and MeitY officials on July 20, the first day of the Monsoon session
The same bench recently dismissed a plea which challenged the permission to exchange Rs 2000 currency notes without any identity proof following the withdrawal of the highest-value currency notes from circulation.
This could soon become a possibility if the RBI accepts the recommendations of a high level committee, which it had formed in May last year to review customer service standards in banks and other lending institutions.
The number of counterfeit currency notes of Rs 500 denomination detected by the banking system, rose by 14.6 per cent to 91,110 pieces in 2022-23 compared to last year