RBI extends last date for exchanging Rs 2,000 bank notes to Oct 7 RBI says 96% of the Rs 2,000 banknotes in circulation as on May 19, 2023, has since been returned

Banks to continue accepting Rs 2,000 note till October 7, says RBI From October 8 only RBI Issue Offices to accept the notes

Depositors' trust is with banks, not fintech cos: Mastercard India chief Chairman of Mastercard India Rajnish Kumar on Thursday said that the trust of the depositors is with the banking system and not with fintech companies. Speaking at the CII banking conclave here, Kumar, also the former chairman of the State Bank of India (SBI), said that what the fintech ...

Rupee appreciates 9 paise to 83.10 against US dollar in early trade The rupee rose 9 paise to 83.10 against the US dollar in early trade on Friday amid a retreating dollar versus major rivals and positive cues from equity markets. Massive selling of equities by foreign investors and an upward trend in crude oil prices, however, capped the rise ...

Standard Chartered does not see rupee cross 84 even if dollar climbs Sinha said the RBI will continue to maintain tight liquidity conditions to help support the rupee unless “we see big shocks from the global markets or if crude starts trending higher”

Last date to exchange Rs 2,000 banknotes is tomorrow, clarifies RBI The RBI had earlier fixed September 30, 2023 as the last date for the purpose of completing the exercise in a time-bound manner and to provide adequate time to the public

RBI reviews flow of credit to MSMEs, delibrates on bridging credit gap The RBI’s Standing Advisory Committee (SAC) reviewed the flow of credit to Micro, Small and Medium Enterprises on Friday at its meeting held in Lucknow, a central bank said in a release. The 28th meeting of SAC was chaired by RBI Deputy Governor Swaminathan J, and attended by ...

Govt raises interest rate on 5-year recurring deposit to 6.7% for Dec qtr According to a finance ministry circular, the interest rate on savings deposit has been retained at 4 per cent and on the one-year term deposit at 6.9 per cent

Multi cap or flex fund? Where should you invest and why Both categories have a blend of large, mid and small caps. They also give a better sector diversification and superior return profile compared to large caps over long run

No Relief In ₹10l Tax Fine For Not Disclosing Foreign Assets [ad_1] Mumbai: Income tax authorities are increasingly issuing show-cause notices seeking explanations on foreign investments not disclosed in ‘schedule-FA’ in tax returns. A recent order of the Mumbai bench of the ITAT, which upheld a penalty of Rs 10 lakh under the Black Money Act for each year of ...