Tag: RBI
-
RuPay-a milestone in e-commerce
National Payment Corporation of India (NCPI) promoted by Reserve Bank of India and some other member banks, which aim is to operate for the benefit of all the member banks and their customers, has launched RuPay, a new card payment scheme. The RuPay card is introduced by NPCI in order to tap into the tremendous…
-
DR. RAGHURAM RAJAN new GOVERNOR of RESERVE BANK OF INDIA
DR. RAGHURAM RAJAN has been appointed as Governor of Reserve Bank of India (RBI) for a term of three years. Currently Dr. Raghuram Rajan is acting as Chief Economic Adviser, Ministry of Finance. Dr. Raghuram Rajan is appointed in the place of retiring Governor Dr. D Subba Rao upon completion of his tenure. Dr. Raghuram…
-
up coming Bank holidays
AUGUST Ramzan Id (Id-Ul-Fitr) 9 Independence Day 15 Raksha Bandhan 20 Sree Narayana Guru Jayanthi 22 Janmashtami/Krishna Jayanthi 28 SPETEMBER Ganesh Chaturthi/Varasidhi Vinayaka Vrata/Vinayakar Chaturthi 9 Ganesh Chaturthi 2nd Day 10 Thiruvonam 16 Sree Narayana Guru Samadhi Day 21 OCTOBER Mahatma Gandhi Jayanti 2 Mahalaya 4 Astami of Durgapuja 12 Durga Puja (Dasain)…
-
RBI penalises 22 banks for violation of instructions
RBI has imposed monitory penalty on 22 banks including SBI, Federal Bank, Bank of Baroda, Punjab National Bank, etc.. for violation of its instructions on Know Your Customer(KYC) ,Anti Money Laundering(AML) etc..Besides imposing monitory penalty RBI has issued cautionary letter to seven other banks