In this section you will get Banking updates, such as press release, notification circular, orders and many more updates,

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RBI announces second set of measures to preserve financial stability and help put money in the hands of the needy and disadvantaged

RBI Press Release
Ministry of Finance States and UTs allowed to borrow more to manage COVID-19Reverse Repo rate reduced from 4.0% to 3.75%Relief...
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Authorisation of Union Bank of India as Primary Dealer | RBI | Bank Merger

RBI Press Release
he Reserve Bank has authorised Union Bank of India to undertake Primary Dealership business departmentally with effect from April 01,...
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RBI announces further measures for dealing with the COVID-19 pandemic

RBI Press Release
1. Extension of realisation period of export proceeds Presently value of the goods or software exports made by the exporters...
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FREQUENTLY ASKED QUESTIONS : RBI Allowed Banks to Declare Moratorium on Term Loans

RBI Press Release
Ministry of Finance Last week, the Reserve Bank of India has allowed Banks to declare a three-month moratorium on all term...
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Annual Closing ( FY 2019-2020) of Government Accounts –| RBI Notification

RBI Notification
RBI/2019-20/194DGBA.GBD.No.1799/42.01.029/2019-20 All Agency Banks Dear Sir / Madam Annual Closing of Government Accounts – Transactions of Central / State Governments...
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Statement on Developmental and Regulatory Policies | RBI Press Release

RBI Press Release
This Statement sets out various developmental and regulatory policies that directly address the stress in financial conditions caused by COVID-19....
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Bank Mergers

Banking
Ministry of Finance The objective of amalgamation of the banks is to facilitate consolidation among Public Sector Banks (PSBs) to...
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Availability of NEFT System on 24×7 basis | Notification issue by RBI

RBI Press Release
RBI/2019-20/111DPSS (CO) RPPD No.1097/04.03.01/2019-20 December 6, 2019 The Chairman/Managing Director/Chief Executive Officerof member banks participating in NEFT payment system Madam/Dear...
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Supersession of the Board of Directors and Appointment of Administrator – Dewan Housing Finance Corporation Limited

RBI Press Release
Reserve Bank of India In exercise of the powers conferred under Section 45-IE (I) of the Reserve Bank of India...
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Prevention of Fraudulent Banking Practices 

Banking
Ministry of Finance The Ministry of Finance has taken number of steps to eliminate fraudulent banking practices. This was stated by...
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Now Bank Charges will not be imposed on NEFT | Reserve Bank of India Take Setps

RBI Press Release
RBI Press Release: 2019-2020/1142 Furthering Digital Payments In pursuance of its vision to promote digital payments, Reserve Bank’s endeavour has...
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