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Accordingly, agency banks are advised to keep all their branches dealing with government business open on March 31, 2024 (Sunday), it said.
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"Accordingly, Agency Banks are advised to keep all their branches dealing with government business open on March 31, 2024 (Sunday)," the order states.
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For the week ended March 1, the foreign currency assets, a major component of the reserves, increased by USD 6.043 billion to USD 554.231 billion, the data said.
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The MoU was signed here for establishing a framework to promote the use of local currencies for cross-border transactions, RBI said in a statement
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The company shall, however, continue to service its existing loan accounts through the usual collection and recovery process.
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As per a January 31 order of the RBI, Paytm Payments Bank was asked to stop further deposits, credit transactions, or top-ups in any customer accounts, prepaid instruments, wallets, FASTags, and National Common Mobility Cards, after February 29
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BSE Sensex Surges 321.42 Points, Nifty Climbs 80.55 Points in Early Trade
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Despite various shocks and crises, he said the Indian banking sector has seen a remarkable recovery.
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In a set of Frequently Asked Questions (FAQs) on its website, the RBI said people can send the notes to any of its 19 issue offices from any post office.
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The central bank said that in its statutory inspection of the bank with reference to its financial position as of March 31, 2022.
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The central bank said that the penalty has been imposed in the exercise of powers conferred on RBI under section 47A(1)(c) read with sections 46(4)(i) and 56 of the Banking Regulation Act, 1949.
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Police said that the sender in the email demanded the resignation of RBI governor Shaktikanta Das and Union Finance Minister Nirmala Sitharaman.
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The book, which he has co-authored with economist Rohit Lamba, provides a reality check on the processes and approaches adopted in India.
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The last day for the public to avail of exchange or to deposit high-value Rs 2000 banknotes at the banks was Saturday (October 7).
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The Indian government plans to borrow Rs 20,000 crore through green bonds in the current financial year
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Telangana was ranked among the top three in terms of the capital expenditure during last two fiscals
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Additionally, the meeting encompassed discussions on the Ombudsman Scheme, designed to safeguard the rights and interests of consumers, as well as the activities of select Central Office Departments.
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Public and entities holding such notes were initially asked to either exchange or deposit them in bank accounts by September 30. The last date was later extended to October 7.
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The bank breached the regulatory ceiling of end of the day balance in certain customer advance accounts availing payout services
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The central bank in a statement Tuesday said the action was based on "certain material supervisory concerns" observed in the manner of onboarding of their customers onto the bank's mobile application
