-
Posted Date : 31-Jan-2017 , 09:12:08 am | Posted By CASANSAAR
In a big relief to people, RBI today announced lifting of restrictions on daily withdrawal of money from ATMs with effect from Wednesday. and has also withdrawn all limits on Current Accounts and overdraft accounts with immediate effect. In a circular to the banks, the RBI, however, said the week...
Continue Reading... Category : RBI | Comments : 0 | Hits : 772
-
Posted Date : 24-Jan-2017 , 08:41:33 am | Posted By CASANSAAR
In order to encourage banks to provide education loans, RBI has said rescheduling of payment period of such loans due to unemployment of borrower will not be treated as restructured accounts for computing NPAs. Banks may allow up to three spells of moratorium (not exceeding 6 months each) d...
Continue Reading... Category : RBI | Comments : 0 | Hits : 445
-
Posted Date : 16-Jan-2017 , 11:28:26 pm | Posted By CASANSAAR
The Reserve Bank of India has raised the daily Cash withdrawal limit of 4500 rupees from ATMs to ten thousand rupees per card with immediate effect. However, the overall withdrawal limit from saving accounts will remain unchanged at 24 thousand rupees per week. The limit on withdrawal from curren...
Continue Reading... Category : RBI | Comments : 0 | Hits : 382
-
Posted Date : 31-Dec-2016 , 06:43:19 pm | Posted By CASANSAAR
Reserve Bank today extended the period of enhanced Prepaid Payment Instruments (PPI) limit of Rs 20,000 as part of efforts to promote digital payments. RBI said in a notification today that keeping in view that Bank is undertaking a comprehensive review of the guidelines and framework for PPI iss...
Continue Reading... Category : RBI | Comments : 0 | Hits : 315
-
Posted Date : 29-Dec-2016 , 05:26:50 pm | Posted By CASANSAAR
Why were Rs 1000 and Rs 500 notes demonetised by the government? Fifty days after the government announced that these notes would cease to be legal tender, Reserve Bank of India feels that the reasons behind the sudden announcement cannot be made public. The monetary policy regulat...
Continue Reading... Category : RBI | Comments : 0 | Hits : 389
-
Posted Date : 29-Dec-2016 , 08:33:04 am | Posted By CASANSAAR
The Reserve Bank of India (RBI) has asked lenders to provide borrowers 90 days for repayment of housing, car, farm and other loans worth up to 1 crore rupees, saying that the dispensation will apply to dues payable between 1st November and 31st December. In a notification, RBI said, on a review, it ...
Continue Reading... Category : RBI | Comments : 0 | Hits : 610
-
Posted Date : 28-Dec-2016 , 03:06:49 pm | Posted By CASANSAAR
Government today appointed Viral V Acharya, a professor of Economics in the Department of Finance at the New York University (NYU), new Deputy Governor at the Reserve Bank of India. The Appointments Committee of the Cabinet cleared the appointment for three years. He is taking over at a time w...
Continue Reading... Category : RBI | Comments : 0 | Hits : 405
-
Posted Date : 21-Dec-2016 , 08:27:46 pm | Posted By CASANSAAR
Scrapping the December 19 circular, the Reserve Bank of India today modified the old currency deposit rules and withdrew the 5000 rupee limit for depositing money in old currency notes for fully KYC (Know Your Customer) compliant accounts only. The RBI in a circular issued said the KYC complaint acc...
Continue Reading... Category : RBI | Comments : 0 | Hits : 383
-
Posted Date : 16-Dec-2016 , 08:16:24 am | Posted By CASANSAAR
Tightening the noose around people who misused banking channels to park unaccounted money, the Reserve Bank of India (RBI) has imposed certain restrictions on withdrawal, if more than two lakh rupees has been deposited after November 9 in an account which has a balance of over five lakh rupees. ...
Continue Reading... Category : RBI | Comments : 0 | Hits : 2438
-
Posted Date : 14-Dec-2016 , 08:52:31 am | Posted By CASANSAAR
RBI has asked banks to preserve CCTV recordings of operations at bank branches and currency chests to help law enforcement agencies in identifying people engaged in hoarding of new notes post demonetisation. The Reserve Bank, in a notification issued today, said banks should "preserve ...
Continue Reading... Category : RBI | Comments : 0 | Hits : 414
-
Posted Date : 14-Dec-2016 , 08:46:23 am | Posted By CASANSAAR
RBI today said banks have garnered Rs 12.44 trillion (Rs 12.44 lakh crore) in banned notes till December 10, while they have issued Rs 4.61 trillion to them since the demonetisation drive began 35 days ago. "The old notes of Rs 500 and Rs 1,000, which have been returned to the Reserve Bank a...
Continue Reading... Category : RBI | Comments : 0 | Hits : 343
-
Posted Date : 13-Dec-2016 , 08:04:07 am | Posted By CASANSAAR
Following allegations of involvement in money laundering in the wake of demonetisation, the Reserve Bank on Monday quelled rumours stating that it has “not initiated any action” to cancel the licence of Axis Bank. Axis Bank had suspended 24 of its employees for allegedly breaking rule...
Continue Reading... Category : RBI | Comments : 0 | Hits : 325
-
Posted Date : 09-Dec-2016 , 08:15:24 am | Posted By CASANSAAR
The Reserve Bank of India (RBI) has decided to allow one-time-pin (OTP) based e-KYC (electronic know your customer) for opening bank accounts. “A regulated entity (bank) may provide an option for one-time-pin (OTP) based e-KYC process for on-boarding of customers,” the RBI said in a n...
Continue Reading... Category : RBI | Comments : 0 | Hits : 1329
-
Posted Date : 02-Dec-2016 , 08:32:01 am | Posted By CASANSAAR
In view of the numerous notifications being issued by the RBI post the November 8 demonetisation measure, India's central bank on Thursday cautioned people on fake instructions being published in its name by "unscrupulous elementson" over social media. "It has been reported t...
Continue Reading... Category : RBI | Comments : 0 | Hits : 944
-
Posted Date : 29-Nov-2016 , 08:31:52 am | Posted By CASANSAAR
RBI has relaxed weekly withdrawal limits in cases where deposits are made in current legal tender notes and said, the decision has been taken as certain depositors are hesitating to deposit money in view of current limits on cash withdrawals. The withdrawal limit will increase by the amount of de...
Continue Reading... Category : RBI | Comments : 0 | Hits : 1149
-
Posted Date : 22-Nov-2016 , 10:46:26 pm | Posted By CASANSAAR
The Reserve Bank of India (RBI) on Tuesday decided to give some relief to those getting married before December 30. The central bank has eased the norms for getting money from the banks for the purpose of wedding by modifying its circular that was issued on November 21. The government has put a c...
Continue Reading... Category : RBI | Comments : 0 | Hits : 798
-
Posted Date : 22-Nov-2016 , 10:34:36 pm | Posted By CASANSAAR
Small merchants can now transfer funds up to Rs 50,000 through semi-closed prepaid instruments (PPIs) linked to bank accounts. The balance in these instruments is limited to Rs 20,000. The above measures will be effective from November 21 to December 30, 2016, subject to review, the central bank ...
Continue Reading... Category : RBI | Comments : 0 | Hits : 573
-
Posted Date : 22-Nov-2016 , 08:25:03 am | Posted By CASANSAAR
The Reserve Bank of India (RBI) has allowed both individuals and companies with loans up to Rs 1 crore an additional grace period of 60 days to repay their loans in the wake of the demonetization. This is applicable for ongoing loans where the dues are payable between November 1 and December 31, ...
Continue Reading... Category : RBI | Comments : 0 | Hits : 602
-
Posted Date : 22-Nov-2016 , 08:13:59 am | Posted By CASANSAAR
Wedding card, copies of advance payments made for booking marriage hall and caterers will be required for withdrawing Rs 2.5 lakh from own accounts, as per stringent conditions imposed by RBI on either of the parents to meet wedding expenses. Four days after the government announced special dispe...
Continue Reading... Category : RBI | Comments : 0 | Hits : 711
-
Posted Date : 20-Nov-2016 , 07:05:48 pm | Posted By CASANSAAR
The Reserve Bank of India (RBI) has proposed opening of "Islamic window" in conventional banks for "gradual" introduction of Sharia-compliant or interest-free banking in the country. Both the Centre and RBI are exploring the possibility of introduction of Islamic banking for l...
Continue Reading... Category : RBI | Comments : 0 | Hits : 440
-
Posted Date : 17-Nov-2016 , 05:26:56 pm | Posted By CASANSAAR
The Supreme Court today agreed to hear a fresh plea of Centre seeking a stay on the proceedings before various high courts and other courts except the apex court against its decision to demonetise high denomination currency notes of 500 and 1,000. The bench agreed to the contention of Attorney Ge...
Continue Reading... Category : RBI | Comments : 0 | Hits : 338
-
Posted Date : 15-Nov-2016 , 08:32:40 am | Posted By CASANSAAR
The Reserve Bank of India on Monday said that current account holders are allowed to withdraw up to Rs 50,000 in a week. Such tenders will be disbursed predominantly in Rs 2,000 denomination , said a circular from the RBI. The RBI has also said banks could deploy micro-ATMs, Bala Mitras, etc near...
Continue Reading... Category : RBI | Comments : 0 | Hits : 1177
-
Posted Date : 09-Nov-2016 , 10:22:06 pm | Posted By CASANSAAR
The Reserve Bank of India has dismissed as “figments of imagination” rumours that a new series of Rs 2,000 will come with a GPS-chip that will help government track illegal money transactions. “Such a technology does not exist at the moment in the world, then how can we introduc...
Continue Reading... Category : RBI | Comments : 0 | Hits : 943
-
Posted Date : 09-Nov-2016 , 07:53:06 am | Posted By CASANSAAR
After the government’s surprise announcement on Tuesday of making Rs 1,000 and Rs 500 banknotes illegal from midnight, the Reserve Bank of India posted a 25-point detailed FAQs explaining the rationale behind the move. The central bank said the most important reason for the ban was the abno...
Continue Reading... Category : RBI | Comments : 0 | Hits : 1730
-
Posted Date : 08-Nov-2016 , 07:41:45 am | Posted By CASANSAAR
The Reserve Bank has appointed M Rajeshwar Rao as Executive Director following G Mahalingam's taking voluntary retirement from the central bank. RBI said in a statement that as Executive Director, Rao will look after Department of Statistics and Information Management, Financial markets Operatio...
Continue Reading... Category : RBI | Comments : 0 | Hits : 328
-
Posted Date : 04-Nov-2016 , 10:30:59 pm | Posted By CASANSAAR
Reserve Bank of India (RBI) issued draft guidelines on how Indian subsidiaries of multinational companies can hedge their currency exposure risk in the country. RBI said on Friday that subsidiaries looking to hedge their exposure outside of exports and imports could do so through all foreign curr...
Continue Reading... Category : RBI | Comments : 0 | Hits : 314
-
Posted Date : 03-Nov-2016 , 08:00:54 am | Posted By CASANSAAR
Reserve Bank of India has authorized 29 agency banks to accept payments of Income Tax dues. In a press release, the RBI has appealed to tax payers to remit their income tax sufficiently in advance of the due date. In order to minimize the hassle, tax payers can also use alternate channels like selec...
Continue Reading... Category : RBI | Comments : 0 | Hits : 585
-
Posted Date : 31-Oct-2016 , 09:07:06 am | Posted By CASANSAAR
In a significant development, the Supreme Court has ordered issuance of notice to Reserve Bank of India officials after hearing the contempt petition moved by Tirupur Exporters Association president Raja Shanmugam on the derivatives scam issue. The contempt petition was moved with the allegatio...
Continue Reading... Category : RBI | Comments : 0 | Hits : 428
-
Posted Date : 27-Oct-2016 , 08:18:47 am | Posted By CASANSAAR
Reserve Bank of India has urged public to examine 500 rupees and 1000 rupees currency notes before accepting them in the usual course of transactions to avoid circulation of fake currency notes. RBI said, unscrupulous elements are putting into circulation Fake Indian Currency Notes of higher denomin...
Continue Reading... Category : RBI | Comments : 0 | Hits : 1302
-
Posted Date : 24-Oct-2016 , 09:23:09 am | Posted By CASANSAAR
The nation India is all ready to add up one more currency note to its currencies very soon, and the reports are very soon coming out with more details. As per the reports, the Reserve Bank of India, RBI is planning up to issue the RS 2000 currency note, and this is the highest to come regarding the ...
Continue Reading... Category : RBI | Comments : 0 | Hits : 1181
- Income Tax Dept serves notices to salaried individuals for documentary proof to claim exemptions
- Bank Branch Audit 2021 - Update on allotment of Branches
- Bank Branch Audit 2020 Updates
- Bank Branch Audit 2021 Updates
- Bank Branch Audit 2020 - Update on Allotment of Branches
- Police Atrocities towards CA in Faridabad - Its Time to be Unite
- Bank Branch Statutory Audit Updates 2019
- Bank Branch Statutory Audit Updates
- Bank Branch Audit 2022 Updates
- Bank Branch Statutory Audit Updates
- NFRA Imposes Monetary penalty of Rs 1 Crore on M/s Dhiraj & Dheeraj
- ICAI notifies earlier announced CA exam dates despite pending legal challenge before SC
- NFRA debars Auditors, imposes Rs 50 lakh penalties for lapses in Brightcom, CMIL cases
- GST Important Update - Enhancement in the GST Portal
- NFRA Slaps Rs 5 lakh Penalty on Audit Firm for lapses in Vikas WSP Audit Case
- CBDT extends due date for filing Form 10A/10AB upto 30th June, 2024
- RBI comes out with FEMA regulations for direct listing on international exchange
- RBI directs payment firms to track high-value, fishy transactions during elections
- NCLT orders insolvency proceedings against Subhash Chandra
- Income Tax dept starts drive to dispose of appeals, 0.54 million at last count
- Payment of MCA fees –electronic mode-regarding
- Budget '11-12' Parliament Completes Approval Exercise
- Satyam restrained from operating its accounts
- ICICI a foreign firm, subject to FDI norms: Govt
- Maha expects Rs 15 crore entertainment tax revenue from IPL
- CAG blames PMO for not acting against Kalmadi
- No service tax on visa facilitators: CBEC
- Provision of 15-minutes reading and planning time allowance to the candidates of Chartered Accountants Examinations
- Companies Bill to be taken up in Monsoon Session
- File Service Tax Return in time as Maximum Penalty increased 10 times to Rs. 20000
Top Most RBI News On Casansaar Includes Latest News Details On Fema Forms,Fema Declaration,Updates On Reserve Bank Of India,RBI Circulars,Sebi,CA Firm.
