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RBI Issues Rs.50 Notes Signed By New Governor

Wednesday, April 17, 2019, 12:54 PM

The RBI issued Rs.50 denomination banknotes bearing the signature of Governor Shaktikanta Das. The design of these notes is similar in all respects to Rs.50 banknotes in Mahatma Gandhi (new) series, the Reserve Bank of India said in a statement. "All banknotes in the denomination of Rs.50 issued by the Reserve Bank in the past will continue to be legal tender," it added.
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RBI bids for Air India's iconic Nariman Point tower

Wednesday, April 17, 2019, 8:03 AM

RBI has tossed its hat in the ring for the taking over of Air Indias iconic tower at Nariman Point in Mumbai. The central bank is learnt to have offered 10 years' lease rental as advance payment, a top-reliable-source told IANS. "The RBI wants to take the whole building and is willing to give advance lease rentals for 10-years advance payment upfront," he said.
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RBI's revised debt resolution rules likely post-election

Sunday, April 14, 2019, 7:50 PM

The RBI's revised stress assets resolution circular is likely to be out after the elections to clear the model code of conduct, and also the regulator may need time to have consultations with legal experts, industry and government before bringing the framework out, official sources said. This would mean that the widely anticipated RBI circular would not be issued before June.

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