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RBI CURRENCY CHESTS
ATMs in small hubs may run out of cash: Confederation of ATM IndustryATM operators are demanding ₹100 crore compensation from banks. State Bank of India is accused of sending most cash to big cities. This lea...- Soiled notes taking more space than usable ones, banks tell RBIRBI regional offices can hand out approvals for increasing the cash holding limits, the person said. The central bank has embarked on a 'cl...
- Bankers working in sensitive positions to get surprise leaves of at least 10 daysIn a communication to lenders, including rural development banks and cooperative banks, the RBI asked them to put in place a 'mandatory lea...
- Reserve Bank of India issues norms for banks to set up currency chestsThe new chests should have a processing capacity of 6.6 lakh pieces of banknotes per day.
- RBI allows banks for fire audit of currency chests by approved agenciesRBI said it has been receiving references from various banks about non-availability of staff in State / District Fire Departments for getti...
- Reserve Bank of India goes for security upgrade for note storage, transportationSeveral instances of looting of cash vans and banks, as well as ATMs dispensing fake currency notes have been reported from different parts...
- Finance Ministry sends joint secretary to coordinate RBI cash operationsCurrency chests are branches of select banks authorised by Reserve Bank to hold notes and coins. The central bank manages currency chests.
- RBI advises banks to increase cash supply to villagesThe Reserve Bank has also asked banks currency chests to issue lower denomination notes in villages and rural centers.
- RBI seeks details of Rs 500/1,000 deposits from banks todayAll lenders, including public, private, rural and cooperative banks, have been asked to make arrangements to gather information on deposits...
- RBI ends confusion over currency stockAn RBI spokesperson said the total figure includes currency in its chests that have not been circulated to the public besides cash in circu...
- Watch out black money hoarders! RBI is now tracking every new note in circulationBanks have been told to preserve CCTV recordings of operations at bank branches and currency chests for the period from November 08 to Dece...
- Banks with currency chest need to boost supply for crop: RBIRBI also said there is a perception that banks with currency chests are giving priority to their own branches to supply cash and asked them...
- RBI allows banks to park old currency at district chestsThe facility will also be available at post offices if they are maintaining current account with the chest branch managing CGV.
- 'Guarantee scheme' back to deal with piles of Rs 500/1000 notesThe notes will remain in the vaults of RBI, under the lock and key of the depositing banks till taken up for examination.
- RBI simplifies norms for banks to open currency chestsFor locations at or close to the international borders or insurgency affected areas, it said, banks may approach Regional Offices (ROs) of ...
- HDFC Bank organises 10 coin exchange fairs in PatnaHDFC Bank today organised 10 coin exchange melas across Patna in line with RBI's Clean Note Policy. The coin melas were planned by HDFC Ban...
- RBI takes steps to remove currency shortageThe Reserve Bank today came out with incentive scheme for banks to ensure distribution of notes and coins to the public, a step which will ...
- RBI to step up vigil to check counterfeiting at border branchesRBI plans to step up the war against counterfeiting of bank notes by strengthening the surveillance system at bank branches near internatio...
- Rs 5.5 crore of fake notes in circulationAccording to data released by the RBI, the value of fake notes detected in the year stood at Rs 5.5 crore compared with last year’s Rs 2.31...
- RBI solves mystery of missing notesYou can call it the vanishing currency syndrome. Guess what the Reserve Bank of India (RBI) unravelled in a mere three-day scrutiny?
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