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...
by AIP Online Bureau | May 12, 2023 | Banking & Bancassurance, Climate, Environment, Renewable Energy, Eco/Invest/Demography, Indian News, Regulation
The number of investment products marketed as ‘green’ or making wider sustainability claims is growing. Exaggerated, misleading or unsubstantiated claims about Environmental, Social and Governance (ESG) credentials damage confidence in these products and...
by AIP Online Bureau | May 6, 2023 | Eco/Invest/Demography, Indian News, Pension & Social Security, Policy, Workplace/Employee Benefits
By postponing the current expenses to the future, the report said states risk the accumulation of unfunded pension liabilities in the coming years The governments of Rajasthan, Chhattisgarh, Himachal Pradesh, Punjab and Jharkhand have informed the Centre about their...
