by AIP Online Bureau | Jun 15, 2023 | Disaster & Management, Eco/Invest/Demography, Indian News, Life, Non-Life, Policy
Niramala Sitharaman,Union Finance Minister ”MDs from the banks & insurance companies provided a detailed update on the precautionary measures for the #CycloneBiparjoy. During the meeting, Smt @nsitharaman stated that all Disaster Management protocols should...
by AIP Online Bureau | May 30, 2023 | Banking & Bancassurance, Eco/Invest/Demography, Indian News, Regulation
Frauds occurred predominantly in the category of digital payments (card/internet), in terms of number, said Reserve Bank’s Annual Report 2022-23 The number of frauds in the banking sector went up to 13,530 in 2022-23 year-on-year, but the amount involved nearly...
by AIP Online Bureau | May 22, 2023 | Banking & Bancassurance, Eco/Invest/Demography, Indian News, Regulation
On why there was a deadline for exchanging these notes when they are going to continue as legal tender, Shaktikant Das, governor, RBI said that unless a particular time is stipulated, the process won’t reach finality as people won’t take it seriously....
by AIP Online Bureau | May 19, 2023 | Banking & Bancassurance, Eco/Invest/Demography, Indian News, Workplace/Employee Benefits
The bank notes in Rs 2,000 denomination will continue to be a legal tender, the RBI said in a statement In order to ensure operational convenience and to avoid disruption of regular activities of bank branches, the RBI said exchange of Rs 2,000 bank notes into bank...
by AIP Online Bureau | May 13, 2023 | Banking & Bancassurance, Indian News, Regulation
Balances in savings/current accounts which are not operated for 10 years, or term deposits not claimed within 10 years from date of maturity are classified as ”unclaimed deposits” Recently, the RBI has also announced the setting up of a centralised web...
