Page 348 - Latest Updates on Reserve Bank of India
Banks to provide funds at 7% to women SHGs: RBI
RBI issues the revised guidelines on interest subvention scheme under DAY-NRLM
 "Banks to provide funds at 7% to women SHGs: RBI")
A slowdown foretold
Watchdogs of the economy have not been barking; it is high time we noticed it
Virtual currencies like Bitcoin prone to misuse, cautions RBI
RBI has not given any licence, authorisation to any entity to operate with virtual currency
 "Virtual currencies like Bitcoin prone to misuse, cautions RBI")
Central bank relaxes rating requirement on CP issuance
According to latest RBI data, the total outstanding in CPs was at Rs 3,29,420 crore as of June-end
RBI issues rules for tri-party repo contracts
Tri-party repo is a type of repo contract where third entity as intermediary between the two parties
 "RBI issues rules for tri-party repo contracts")
RBI asks banks to enable account number portability
In such cases, the Deputy Governor suggested that the customer "must be compensated immediately"
After Mundra's retirement, Vishwanathan to head supervisory depts at RBI
Deputy governor Viral Acharya will be handling the central security cell
 "After Mundra's retirement, Vishwanathan to head supervisory depts at RBI")
RBI imposes Rs 1 cr penalty on Union Bank of India for KYC non-compliance
Earlier RBI had received a complaint regarding cash withdrawals in some accounts maintained with UBI
 "RBI imposes Rs 1 cr penalty on Union Bank of India for KYC non-compliance")
No steps taken for launching Sharia-compliant mutual funds in India: RBI
RBI was asked to provide details on the introduction of Sharia-compliant mutual funds in the country
Reserve Bank extends 'rest' period for auditors to 6 years
Central bank has extended the rest period of statutory auditors to at least 6 years
 "Reserve Bank extends 'rest' period for auditors to 6 years")
Soon, RBI to issue Rs 20 notes in Mahatma Gandhi 2005 series
New notes will be bearing inset letter 'S' in number panel and signature of Governor Urjit Patel
Make in India: RBI's new tender for currency security only for local units
RBI cancelled two earlier tenders for supply of security features, fibre for currency notes
Can't make public the names of big defaulters: RBI to SC
Such a disclosure would severely affect the impact of the businesses
RBI skips asset liability figures for June 30, to announce them later
June 30 is also the last day of July-June financial year followed by the central bank
RBI must cut interest rates
Govt push needed to boost consumption and investment
RBI's steps on frauds will help customers
By limiting the liability, RBI is trying to enhance customer confidence in digital transactions
 "RBI's steps on frauds will help customers")
Customer liability limited to Rs 25,000 if bank frauds reported in 7 days
If an unauthorised transaction takes place, amount will need to be credited within 10 working days
 "Customer liability limited to Rs 25,000 if bank frauds reported in 7 days")
Now, RBI wants you to report banking fraud within 3 days to avoid losses
Revised directions are being issued amidst surge in customer grievances, says RBI
RBI restricts G-sec debt portfolio flows
The plan is to allow foreign investors access to 5% of the govt bonds by March 31 next year
Viral Acharya says 50% provision reasonable
Viral Acharya said banks used various restructuring schemes to delay provisions
 "Viral Acharya says 50% provision reasonable")