The Reserve Bank of India has decided to stop issuing currency of Rs. 2,000 and has ordered everyone to swap or deposit them by September 30, 2023. In a statement issued on Friday, the central bank said: “In accordance with the Reserve Bank of India’s “Clean Note Policy,” it has been decided to remove the […]
RBI launches UPI enabled 123 PAY digital payment service for feature phone users
Mar 08, 2022
On Tuesday, RBI Governor Shaktikanta Das launched a new service, 123 PAY for 40 crore feature phones users, to enable them to undertake digital payments in a secure way. ‘123PAY’ is the UPI (unified payments interface) service, a three-step approach for customers to initiate and execute services that will function on simple phones without an […]
RBI keeps Repo Rate unchanged at 4%; announces additional Measures to boost credit for MSMEs, small businesses, and rural sector
Jun 04, 2021
Shaktikanta Das, governor of the Reserve Bank of India (RBI), announced new measures on Friday to combat the impact of Covid-19’s second wave on the economy and financial markets. Das mentioned the steps as part of his announcement on the RBI’s monetary policy, claiming that they were taken based on the central bank’s “continuous assessment […]
RBI gives term Liquidity Facility of Rs 50,000 crores to improve access to Emergency Health Services
May 05, 2021
On Wednesday, May 5, The RBI Governor Shri Shaktikanta Das announced a series of measures to support the nation’s fight against the second wave of COVID-19 infections. “Alleviating any constraint from the financing side for all stakeholders – government, hospitals and dispensaries, pharmacies, vaccine/medicine manufacturers/importers, medical oxygen manufacturers/suppliers, private operators engaged in the critical healthcare […]
RBI Recruitment 2021: Online applications are invited for Officers in Grade- B
Jan 28, 2021
RBI- The Reserve Bank of India invited online applications for the recruitment of officers in Grade-B. The official notification for the RBI recruitment is released on the official website https://www.rbi.org.in/ Interested candidates can apply for the Officer Grade B Recruitment from January 28 to February 15. The recruitment for officers in Grade-B is being conducted […]