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RBI VAULT
From a shoe to RBI vault: The journey of the cursed Jacob diamondThe 184.75-carat Jacob Diamond is one of the world’s largest polished diamonds and is known for its unusual journey through Hyderabad’s roy...- Gold pulled India back from the edge of crisis 35 years agoThirty-five years after India pledged 67 tonnes of gold to avert a balance of payments crisis, the episode remains one of the defining mome...
- Tokenised gold: A new way to invest in gold or a risky bet? What Indian investors need to know before investingTokenised gold is emerging as a new investment option in India. It uses blockchain to represent physical gold digitally. Investors can trad...
- Gold sitting idle at home? Here's how it could earn you an income and what to watch out forIndians traditionally hold gold as jewellery and a store of wealth, but it often sits idle. Gold leasing offers a way to earn returns by le...
- ATMs hungry, but not for more cashMany Indians face empty ATMs despite ample cash in circulation. This is due to serious disruptions in cash movement. UPI's rapid rise and i...
- The safe keepers: Inside India's booming locker economyIndia’s locker economy is booming amid rising gold prices and household wealth. While banks remain the preferred repository, private vault ...
- Police arrest New India Cooperative Bank's GM over Rs 122 cr missing from branchesMumbai Police arrested Hitesh Mehta, the former GM and accounts head of New India Cooperative Bank, for allegedly embezzling Rs 122 crore. ...
- RBI's secret mission this Dhanteras brings back another 102 tonnes of gold from EnglandReserve Bank of India Gold Buys: The RBI recently moved 102 tonnes of gold from the UK to India, increasing domestic reserves amid geopolit...
- Cashfree launches interoperability in card tokens across payment gatewaysBusinesses using Cashfree’s Payment Gateway can integrate with ‘Token Vault’ to securely tokenize the cards issued by all major card networ...
- Taxmen vault into lockers; safekeeping business hitAfter note ban in 2016, I-T raids add to the woes of private locker firms catering to small traders.
- 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.
- Reserve Bank of India ramps up printing of currency notesThe RBI, however, said there may be shortages in "some pockets" largely due to logistical reason.
- No KYC, no CCTV, tax evaders now hide cash, bullion in private vaultsBusinessmen with unaccounted wealth are avoiding locker services and moving to unregulated private vaults for their ‘black money’.
- Coin production hit by storage problem as demonetised notes fill RBI vaultsThe state-run Security Printing and Minting Corporation of India Ltd (SPMCIL) has four minting units in Mumbai, Kolkata, Hyderabad and Noid...
- Why Hyderabad wants this RBI vault to be opened
- 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.
- Banks will have to bear loss if notes found mutilated or counterfeit: RBIThe central bank clarified that banks may deposit the scrapped Rs 500 and Rs 1000 notes directly with its offices in their respective juris...
- Millions of notes not printed in mints land in RBI vaultsRBI records show that it received 4,462 mn notes, an excess of 9.7 mn notes. That means the RBI has received Rs 970 cr more than what was a...
- RBI's monetary policy review: Onus of checking fake currency notes on banksThe Reserve Bank of India will soon revise the procedure for authentication of currency notes by banks before it goes to customers.
- Sree Padmanabhaswamy temple wealth evaluation panel to go ahead with workThe experts committee set up by the Supreme Court to scientifically evaluate the huge treasures found in the vaults of the Sree Padmanabhas...
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