The purpose of Rs 2,000 in the system has been fulfilled, says RBI Governor Shaktikanta Das
At a briefing today, RBI governor Shaktikanta Das answered various questions regarding the withdrawal of Rs 2,000 currency notes from...
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BFSI
Cosmos Bank earns highest ever profit; vows to scale newer heights
During the Financial Year ending on March 31st, 2023, The Cosmos Cooperative Bank Ltd., has earned a net profit of...
Read moreNPCI leans on bank partnerships to push RuPay credit cards
The National Payments Corporation of India (NPCI) is looking to aggressively push up the usage of RuPay credit cards in...
Read moreNo extra cost to reconfigure ATMs
Banks will not have to bear the additional cost of recalibrating the automated teller machines (ATMs) following the withdrawal of...
Read moreSBI slow in procurement from GeM portal; lags behind smaller counterparts in 2022-23
India's largest lender SBI was quite slow in procuring goods and services from government-owned GeM portal in 2022-23 and lagged...
Read moreRBI to transfer Rs 87,416 cr surplus to govt for FY23, up from ₹30,307 cr a year earlier
The Reserve Bank of India nearly tripled its annual surplus transfer to the government, helping the state reap a windfall...
Read moreRBI Governor meets UCB leaders; brainstorms on sector’s growth
The RBI Governor Shaktikanta Das held a meeting with the representatives of National Federation of Urban Co-operative Banks and Credit...
Read more₹2000 Denomination Banknotes – Withdrawal from Circulation; Will continue as Legal Tender
The ₹2000 denomination banknote was introduced in November 2016 under Section 24(1) of RBI Act, 1934, primarily to meet the...
Read moreGovt to set up 1,100 new Farmer Producer Organizations in cooperative sector
In order to realize the Prime Minister Shri Narendra Modi’s vision of “Sahkar se Samriddhi” and with the efforts of...
Read moreHigh Court seeks Centre’s response on plea asking banks to pay interest on FASTag collected money
The Delhi High Court has sought response of the NHAI and the Centre on a plea seeking to direct banks...
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