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Reserve Bank of India

RBI Imposes Penalty on SBI and 13 other Banks

New Delhi, July 8: The Reserve Bank of India (RBI) on Tuesday imposed a monetary penalty on fourteen banks, including the State Bank of India (SBI) and Bank of Baroda (BOB) for violation of various rules. As per an official release, the…

Another PMC Bank depositor dies

An 83-year-old depositor of the troubled PMC Bank died on Friday, with his family claiming that it could not raise money for his heart surgery after restrictions were imposed on fund withdrawals. This is a fourth incident of the death of…

RBI To Issue New Rs 20 Currency Note Soon

Hyderabad, April 27 (Maxim News): The Reserve Bank of India will shortly issue Rs 20 denomination banknotes in the Mahatma Gandhi (New) Series, bearing signature of Shaktikanta Das, Governor. The new currency note has motif of Ellora Caves…