Tag Archives: central bank

Cabinet Speeds Up State Bank Mergers

Cabinet approves proposal to set up ministerial panel which will oversee the consolidation. New Delhi/Mumbai: The Cabinet approved a proposal on Wednesday to set up a ministerial panel to speed up consolidation of state-run banks as part of its efforts ...

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RBI’s dividend to Government falls by almost half to Rs 30,659 crore

For the year 2015-16, the RBI board had approved the transfer of surplus amounting to Rs 65,876 crore to the government. In the previous year, the Central bank had paid Rs 65,896 crore to the government, which came as a ...

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RBI stops printing Rs 2000 notes, focus turns to new Rs 200 notes

The new batches of 500-rupee notes are expected to ease the shortage of 2,000-rupee notes in circulation that is being reported in certain parts of the country. The RBI’s Mysore press has started printing the new 200-rupee bills, which are ...

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