RBI

Reserve Bank of India (RBI) has clarified that Rs 2,000 denomination banknote will cease to have its value after Saturday, 20 September

RBI stated that banks and NBFCs have to release documents of properties and collateral mandatorily within 30 days.

SBI’s Chief Economic Advisor, Ghosh added that the first quarter of 2023-24 saw a huge increase in capital expenditure both by the centre (63%) and the states (41%).

According to SBI Research, Udyam is now propelling the filing of Income Tax Returns (ITRs) by the MSMEs.

Anyone can access the UDGAM portal to search for bank details, it only needs a phone number and some basic details like PAN, AADHAAR etc

RBI paused the repo rates at 6.5 per cent for the third time in a row amid concerns over inflation.

Banks from 22 countries have opened special Rupee vostro accounts in Indian banks in order to trade in local currency

Nearly two-thirds of Rs 2000 currency notes deposited or exchanged within a month of RBI's withdrawal order.

Furthermore, RBI added that there is a robust system in place for the reconciliation of banknotes printed at the presses and supplied to RBI that includes protocols to monitor the production, storage, and distribution of banknotes.

The Reserve Bank of India (RBI) Governor Shaktikanta Das on Thursday said 50 per cent of the to-be-withdrawn Rs 2,000 notes came back to the system.