SBI Becomes India's Most-Valued Public Sector Company
State Bank of India (SBI) surpassed oil exploration major Oil & Natural Gas Corporation (ONGC) to become most valued public sector undertaking (PSU) stock in terms of market capitalization (m-cap) in intra-day trade.
Income Tax department launches 'Operation Clean Money-II'
The Income Tax department has launched the second phase of the ‘Operation Clean Money’ to investigate over 60,000 individuals with an aim to detect black money generation post demonetisation.
Karnataka Bank gets new MD and CEO
Mahabaleshwara Mavinakudige Subrahmanya has been appointed as the new MD and CEO of Karnataka Bank Ltd.
RBI allows banks to invest in REITs & InvITs
The Reserve Bank of India has allowed banks to invest in Real Estate Investment Trust (REITs) and Infrastructure Investment Trusts (InvITs), a move that will help revive the cash-starved infrastructure sector.
NEFT transfers to be faster as RBI cuts clearance time
The Reserve Bank of India (RBI) has decided to slash clearance time for National Electronic Funds Transfer (NEFT) in an attempt to enhance the efficiency of the electronic payment system and add to customer convenience.
Japan Officially Recognises Bitcoin as Currency
Starting April 2017, Bitcoin in Japan receives the recognition of being a form of money.
RBI leaves policy rate unchanged
The Reserve Bank of India maintained status quo and retained the repo rate at 6.25 per cent in the first policy announcement of the new fiscal.
Aditya Birla Group gets RBI licence to start payments bank
The Aditya Birla Group has received licence from the Reserve Bank of India to start payments bank.
BP Kanungo takes charge as Deputy Governor at RBI
The Reserve Bank of India (RBI) on Monday announced B.P. Kanungo taking charge as the Deputy Governor after being appointed on March 11, 2017.
82nd Establishment Day of RBI- 01st April 2017
The Reserve Bank of India is the central bank of the country. The Reserve Bank of India was set up on the basis of the recommendations of the Hilton Young Commission. The Reserve Bank of India Act, 1934 (II of 1934) provides the statutory basis for the functioning of the Bank, which commenced operations on April 1, 1935.