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RBI WITHDRAWS RELAXATION
RBI withdraws relaxation on export earnings repatriationThe Reserve Bank of India has reversed a previous decision allowing exporters 15 months to repatriate earnings. The new deadline set is 9 m...- RBI's early FCNR(B) deposit scheme closure 'data-driven' or a policy U-turn? Governor Malhotra explainsRBI Governor Sanjay Malhotra defended the FCNR(B) deposit scheme's early closure. He stated the decision was data-driven and a prudent cali...
- HDFC Bank, ICICI Bank raise FCNR (B) interest rates: Depositors to get up to 6.25% rates on select tenures; check detailsHDFC Bank and ICICI Bank have raised FCNR(B) deposit rates by twenty-five basis points. This increase applies to select US dollar FCNR(B) d...
- RBI relaxes restrictions on SBM Bank India until March 15The banking regulator, on January 23, asked SBM Bank (India) to stop with immediate effect all transactions under the Liberalised Remittanc...
- Now, RBI is trying to anchor market rather than market leading RBI: Nilesh Shah“This is the policy where RBI has started the normalisation process. Liquidity will be adequate but not in excess. The monetary policy will...
- RBI doubles withdrawal limit for PMC depositorsThe RBI stated that they have been in continued talks with all the stakeholders involved and pointed out that owing to the extent of the ne...
- RBI relaxes rules for withdrawal from CSF; States may get extra Rs 13,300 crState governments maintain a Consolidated Sinking Fund (CSF) with RBI as a buffer for repayment of their liabilities.
- States want FRBM limit raised to 4%CMs seek relaxation in state fiscal deficit limit to deal with additional spending, revenue fall due to Covid-19. Under the fiscal responsi...
- In huge relief to PMC Bank depositors, RBI increases withdrawal limit to Rs 50,000The Reserve Bank of India has increased the withdrawal limit to Rs 50,000.
- RBI raises withdrawal limit from Rs 1,000 to Rs 10,000 for PMC Bank customersThe central bank has hiked withdrawal limit to Rs 10,000 from Rs 1,000.
- RBI increases withdrawal limit to Rs 10,000 for PMC Bank customersEarlier, the RBI has put the restrictions on withdrawal of Rs 1000 for six months making deposit holders panic.
- Remonetisation nearly complete, says Shaktikanta Das"All restrictions have been removed except on savings bank account of Rs 24,000 per week. This is also a matter of time," Eco Affairs Secy ...
- Lifting cash withdrawal cap to end Election Commission-RBI tiffDuring discussions between EC and RBI on Monday to resolve the issue, the central bank representatives are known to have pointed out two th...
- EC likely to ask candidates to open current accounts after RBI relaxed withdrawal normsAfter the decision of the RBI, the Election Commission has decided to ask all candidates to open current accounts for meeting election expe...
- No hike in withdrawal limits for netas as RBI votes against EC pleaThe Election Commission had suggested a weekly limit of Rs 2 lakh against the current Rs 24,000 permitted for individuals.
- Demonetisation: Restrictions on cash withdrawals likely to continue beyond December 30As Modi's 50-day deadline draws near, there is a growing consensus among bankers that the restrictions on withdrawal would have to continue
- RBI relaxes withdrawal norms, nudges retailers to deposit cashThe decision is aimed at discouraging hoarding of valid currency notes and increasing its circulation to mitigate cash crunch following the...
- Demonetisation: RBI relaxes withdrawal norms for farmers, tradersFarmers are now busy preparing for the Rabi season as the seed sowing will require money at a time when such limits are in place.
- Demonetisation:Queues get shorter at banks; no respite at ATMsBesides, those having wedding in their families are still not able to withdraw Rs 2.5 lakh from their accounts, even after the relaxation a...
- RBI has relaxed norms for wage payment to tea workers: Himanta Biswa SarmaFollowing demonetisation of Rs 1000 and Rs 500 notes, tea garden management has sought governments help for payment of wages which are made...
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