The process of shifting to an external benchmark on rates needs to be faster and our expectation is that they should move faster, Das told the annual banking conference organised by the industry lobby Ficci here this morning.
At the high-level meeting, the previous attempts of the RBI which directed all banks to immediately instruct their branches to accept coins of all denominations tendered at their branches were also taken up.
Ex-PepsiCo CEO Indra Nooyi is reportedly among the frontrunners for the post of World Bank CEO. US President Donald Trump is considering multiple candidates to nominate for the post and Nooyi's name is reportedly being considered.
The Reserve Bank of India on Monday announced that limits placed on cash withdrawals from ATMs stand withdrawn from Feb 1. However, the weekly withdrawal limit of Rs 24,000 will continue. The central bank also said that all limits on current account and overdraft accounts stand withdrawn with immediate effect. The RBI, however, allowed the banks […]
In a sharp u-turn by the Reserve Bank of India, the restrictions imposed on bank deposits exceeding Rs 5,000 in old notes have now been withdrawn by the central bank. In a circular issued to banks, the RBI said it was revoking the restrictions after reviewing the case. Facing severe criticism over the decision, the […]