This is in regard to Cheque number 001485 deposited in savings a/c 51115684312 (SBBJ Bank, Adarsh Nagar- Jaipur) on 30th March 2017 @ around 11a.m. (Amount INR 7382). Simultaneously, a cheque number 824533 was deposited in current a/c 201000723403 (Indusind Bank, Govind Marg- Jaipur) fr...
According to RBI’s 2023-24 round of survey on international trade in banking services, the overseas presence of Indian banks during 2023-24 increased in terms of balance sheet size, number of branches and employees. Employee strength of the banks increased by 8.2% in overseas branches and 1.7...
objectives of the rbi the goals of the rbi are listed below: supervising and conducting various financial sector projects comprising commercial banks, financial institutions and non-banking financial firms. management of the currency crisis in the nation’s economy. management of the reserve to ensure...
More banks will be added over time. 3. Is there any registration charge for the UDGAM portal? No, registration on the UDGAM portal is entirely free. 4. What details do I need to register on UDGAM? You need to provide your name, mobile number, and any one of the identity proof ...
5. Operation of Pre-Sanctioned Credit Lines at Banks through the UPI Unified Payments Interface (UPI) is a robust payments platform supporting an array of features. Presently it handles 75% of the retail digital payments volume in India. The UPI system has been leveraged to develop products and...
Non-Banking Financial Companies (NBFCs) and banks need to state the names of online platforms they are working with. RBI has also mandated that digital lending platforms which are used on behalf of Banks and NBFCs should disclose the name of the Bank(s) or NBFC(s) upfront to the custome...
“The retail eRupee pilot began in December 2022 and there has been very little public announcement with respect to it. RBI Deputy Governor Rabi Sarkar reportedly spoke about it in a closed-door IBA meeting – and in June 2023, banks were asked to expand the scope of the pilot and leading...
The Foreign Exchange Management Act, or FEMA, is a piece of legislation that regulates the movement of money into and out of India The Reserve Bank of India performs a number of functions, including monitoring various policies that are prepared for banks and controlling credit by analysing the ...
Assets and Liabilities: Reserve Bank of India: Monthly Assets and Liabilities: Scheduled Banks: Business in India Commercial Banks: Number of Foreign Offices Department of Financial Services: Pradhan Mantri Jan Dhan Yojana (PMJDY): by States Foreign Banks: Assets and Liabilities: AB Bank Foreign...
The Reserve Bank of India has a number of departments, each of which have a very specific purpose. An entire list of departments can be found on the Reserve Bank of India's site. Some of the key departments within the Reserve Bank of India along with what that department does includes bu...