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Draft ‘Fugitive Economic Offenders Bill, 2017’ -Govt invite comments
Press Information Bureau Government of IndiaMinistry of Finance18-May-2017Government invites comments / suggestions of all stakeholders concerned / public at large on the Draft ‘Fugitive Economic Offe...
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Committee to examine framework of Virtual Currencies / Bitcoins
Government constitutes an Inter- Disciplinary Committee chaired by Special Secretary (Economic Affairs) to examine the existing framework with regard to Virtual Currencies.The Committee to submit its...
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RBI not authorised usage of Virtual Currencies including Bitcoins
Reserve Bank of India, vide, its Press Release dated February 01, 2017 has advised that it has not given any license / authorization to any entity / company to operate schemes or to deal with Bitcoin...
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CBI register cases against Bank Post officials for RBU Guideline Violations
CBI REGISTERS A CASE AGAINST TWO OFFICIALS OF POSTAL DEPARTMENT AND OTHERS FOR ALLEGED VIOLATIONS OF RBI GUIDELINES AND CONDUCTS SEARCHCBI Press Release – New Delhi, 08.04.2017 The Central Bureau of I...
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RBI decides to permit banks to issue Perpetual Debt Instruments
In connection with developing the market for rupee denominated bonds overseas, RBI decides to permit banks to issue Perpetual Debt Instruments (PDI) qualifying for inclusion as Additional Tier 1 capit...
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18 Banking Ombudsmen across India to receive complaints related to Loans and Advances
18 Offices of Banking Ombudsmen situated across India, receive complaints with regard to Loans and AdvancesBanks are committed that they will communicate in writing, the reason(s) for rejection of loa...
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Railway official booked for accepting demonetized currency notes
CBI REGISTERS A CASE AGAINST AN OFFICIAL OF ITARSI RAILWAY STATION AND OTHERS FOR ALLEGEDLY DEPOSITING OLD NOTES OF RS.61 LAKH (APPROX)The Central Bureau of Investigation has registered a case against...
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Case against two SBI officials for alleged violation of RBI guidelines
CBI REGISTERS A CASE AGAINST TWO OFFICIALS OF STATE BANK OF INDIA FOR ALLEGED VIOLATION OF RBI GUIDELINESThe Central Bureau of Investigation has registered a case against Senior Special Assistant and...
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Branches of SBBJ, SBH, SBM, SBP & SBT to operate as SBI branches
Branches of SBBJ, SBH, SBM, SBP and SBT to operate as branches of SBI from April 1, 2017All branches of State Bank of Bikaner and Jaipur (SBBJ), State Bank of Hyderabad (SBH), State Bank of Mysore (SB...
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Rs.10 denomination plastic banknote to be reality soon
Government to conduct field trial with plastic banknotes at five locations of the country; Approval for procurement of plastic substrate and printing of bank notes of Rs. 10 denomination on plastic ba...
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Cybercrime audit on banks to check loopholes
To address the issue of cyber resilience, RBI vide circular dated December 9, 2016 had instructed all authorised entities / banks issuing PPIs in the country to:(i) Carry out a special audit by the em...
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NPAs slowed down in Q4 of Current Financial Year: FM
Press Information BureauGovernment of IndiaMinistry of FinanceDated: 15-March-2017FM: Rate of increase of Non Performing Assets (NPAs) has slowed down in the last Quarter of the Current Financial Year...
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FDI in trading of Food Products
Ministry of Food Processing Industries has held three meetings on 17.03.2016, 03.08.2016 and 27.02.2017 with Ambassadors and High Commissioners in India of various foreign countries namely Australia,...
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Scheduled Banks free to determine savings bank deposit interest rate
Bank deposit interest rateReserve Bank of India (RBI) has informed that the Scheduled Commercial Banks are free to determine their savings bank deposit interest rate, with the approval of their respec...
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Due date for submission of old demonetized notes for Indian citizens
Submission of old currency notes of Rs. 500 and Rs. 1000; The grace period for Indian citizen residing in India is March 31, 2017 and for Indian citizen resident outside is June 30, 2017 The Specified...
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Case against Jalgaon Bank officials for illegal old note exchange
CBI REGISTERS A CASE AGAINST MANAGING DIRECTOR OF JALGAON DISTRICT CENTRAL COOPERATIVE BANK LTD & TWO OTHER OFFICIALS FOR AN ALLEGED VIOLATION OF RBI GUIDELINES; AND CONDUCTS SEARCHESCBI registers a c...
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HDFC clarification on Charges for Cash Withdrawals
HDFC BANKIMPORTANT NOTICEREVISION OF FEES AND CHARGES – SAVINGS & SALARY ACCOUNTS(EFFECTIVE 01st March 2017)Effective 01st March 2017, cash transaction charges for Savings and Salary accounts are bein...
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Features of Sovereign Gold Bonds 2016 -17 – Series IV
Press Information BureauGovernment of IndiaMinistry of Finance23-February-2017 11:15 ISTGovernment to issue Sovereign Gold Bonds 2016 -17 – Series IV; Applications for the bond to be accepted from Feb...
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10 lakh citizens get rewarded for embracing Digital Payments
Press Information Bureau Government of IndiaNITI AayogDated: 21-February-2017Making Digital Payments a Mass Movement in India Nearly 10 lakh citizens get reward money over Rs.153.5 crore for embracing...
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ASSOCHAM concerned over RBI leaving “accommodative” stance on interest rates
Wednesday, February 08, 2017 Expressing disappointment over belying of expectations on the interest rate cut by the Reserve Bank of India, the ASSOCHAM today said what is more worrying is the RBI putt...