The central bank is considering issuing polymer-based plastic notes to replace traditional paper currency, a change that promises significant benefits but also presents certain challenges.
However, SBI online banking services, UPI transactions and ATM services will continue to work normally.
Banks in Kolkata will remain closed in observance of Rabindranath Tagore Jayanti. Across the rest of the country, banks will operate as usual.
Reserve Bank of India (RBI) will conduct Open Market Operation (OMO )purchase for an aggregate amount of Rs 25,000 crore. Read more on Dynamite News
Just In: RBI’s monetary policy committee decided unanimously to reduce the policy rate by 25 basis points, from 6.5% to 6.25%. Read further on Dynamite News:
The Reserve Bank of India (RBI) in Mumbai received a bomb threat email on Friday, police said. Read further on Dynamite News:
Sanjay Malhotra, in his new role, will oversee the bank’s several functions, including monetary policy and ensuring economic stability in the country. Read further on Dynamite News:
The Reserve Bank of India (RBI) has issued Master Direction to the Asset Reconstruction Companies. Read further on Dynamite News:
The Reserve Bank of India’s Monetary Policy Committee (MPC) has decided to keep the policy repo rate unchanged at 6.5 per cent as retail inflation continues to be above its target of 4 per cent. Read further on Dynamite News:
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