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The RBI today said the banknotes in the Mahatma Gandhi series-2005 are to carry inset letter L on both number panels, bearing the signature of Governor Urjit Patel.

RBI to issue Rs 10 notes with security features

Among other features, numerals on both the panels will be in ascending size from left to right.

9 March 2017 1:53 PM IST

RBI Deputy Governor Viral V Acharya

GDP to be hit by note ban in current quarter

RBI Deputy Governor said that remonetisation excersise should be completed in 2-3 months.

7 March 2017 11:15 AM IST

The entire racket was being run with an attempt to convert the black money in old notes into white. (Photo: PTI)

Why is deposit of old notes not allowed? SC notice to Govt, RBI

The RBI also issued a notification directing five of its branches to accept the defunct notes.

6 March 2017 3:17 PM IST

Union finance minister Arun Jaitley speaks to the media after returning from his trip to UK in New Delhi. (Photo: PTI)

Was Jaitley in the loop on note ban? Finance Ministry won't say

The Press Trust of India news agency had filed a query on this under the Right to Information Act.

6 March 2017 6:29 AM IST

Representational Image. (Photo: File)

PIL not a weapon to challenge financial decisions: RBI to HC

The plea has alleged that the surcharge levied by financial institutions on card transactions was "illegal" and...

5 March 2017 1:20 PM IST

There are allegation that from November 15 to November 18, the bank manager had issued 149 demand drafts for amounts less than Rs 50,000 in favour of a Pune-based finance company in violation of RBI guidelines.

RBI likely to cut interest rate by 25 bps

Morgan Stanley is expecting a 25 basis point reduction in policy rates during the upcoming meeting of the RBI's monetary...

31 July 2017 6:02 AM IST

RBI has also reported that the general public has withdrawn Rs. 1,03,316 crore from their accounts either over the counter or through ATMs during this period.

Once 'fragile' India gets thumbs up even as rates set to fall

Rate cuts are likely to be justified by lower inflation and higher-trend growth rates in India due to reforms.

28 July 2017 10:28 AM IST

RBI has also reported that the general public has withdrawn Rs. 1,03,316 crore from their accounts either over the counter or through ATMs during this period.

RBI refuses to disclose list of loan defaulters

Apex court had stated that the RBI is supposed to uphold public interest and not the interest of individual banks.

23 May 2017 2:39 PM IST

Employees of Finance Ministry stand in a long queue to withdraw cash from an ATM at North Block in New Delhi. (Photo: PTI)

Withdrawal limit from ATM hiked to Rs 4,500 per day from Jan 1

However, there has been no change in the weekly withdrawal limit, which stands at Rs 24,000.

31 Dec 2016 8:56 AM IST

There are allegation that from November 15 to November 18, the bank manager had issued 149 demand drafts for amounts less than Rs 50,000 in favour of a Pune-based finance company in violation of RBI guidelines.

Can't reveal reason behind note ban: RBI

The monetary policy regulator also refused to give any details about the time it will take to replenish the currency...

29 Dec 2016 4:42 PM IST

Reserve Bank of India. (Photo: PTI/File)

RBI 'approved cash ban just 3 hours' before Modi's Nov 8 announcement

The RBI has been criticised for a lack of preparedness and U-turns that contributed to the chaos following...

29 Dec 2016 3:27 PM IST

Its apparent that the black money hunt hasnt produced the desired results, with Rs 12.40 lakh crores notes back in the system by December 10. (Representational image)

Fine for holding old notes post March 31, jail likely

PM Modi's announcement of his radical monetary reform to a stunned nation scrapped Rs 15.44 lakh crore overnight.

29 Dec 2016 12:39 AM IST