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Tag Archives: RBI

RBI Former Deputy Governor KC Chakrabarty Stopped From Travelling To London

kcChakrabarty-stopped-mumbai-airport-CBI

CBI issued Look out Notice against Former Deputy Governor of RBI –  Former deputy governor of Reserve Bank of India KC Chakrabarty was stopped from travelling to London in the month of May at the Mumbai airport due to reason, the Central Bureau of Investigation (CBI) had issued a Look Out Circular (LOC) against him.  LOCs are used to monitor ...

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RBI Granted Licence to Bank of China For Opening Branches in India

bank-of-china-RBI

Reserve Bank of India (RBI) has granted permission to Bank of China to operate and open branches in India. It is said that the RBI has issued licence to Bank of China to set up its first branch in India. It was a commitment made by the prime minister to the President of China. Bank of China is the second ...

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RBI Jobs Notification for 166 Grade ‘B’ Officers

rbi-grade-b-jobs

Jobs Vacancy at RBI – Reserve Bank of India (RBI) has published the Jobs notification for 166 Grade “B” officers. Any Indian citizen of age group between 18-30 years can apply online following the below link. Registration process for online application will start from 03rd July 2018 and ends on 23rd July 2018. The tentative date for RBI Grade B prelims ...

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RBI May Punish Auditors For Lapses in Bank Audit

rbi-punishes-auditors

Reserve Bank of India may punish statutory auditors for lapses in conducting banks’ statutory audit which includes barring them from taking fresh audit assignment. Decision of punishing the auditors came in to the pictures after significant divergence found in asset classification in almost all leading banks including ICICI Bank and Axis Bank. RBI further said the quantum of punishment will depend ...

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Sudha Balakrishnan – First CFO of Reserve Bank of India (RBI)

CFO of Reserve Bank of India (RBI) - Sudha Balakrishnan

Reserve Bank of India (RBI) has appointed Sudha Balakrishnan as first Chief Financial Officer (CFO). Sudha Balakrishnan is a NSDL executive and her appointment as the first ever chief financial officer (CFO) of the Reserve Bank of India (RBI) is effective from May 15. This is the biggest organisational change in the RBI ever. Smt Sudha Balakrishnan, a chartered accountant, was ...

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RBI Governor Pitches for Public Sector Bank’s Privatization

RBI Governor pitches PSB's Privatization

Post PNB Fraud, a lot of fuss for privatizing PSB’s by many industrialists, CEO’s of various companies, bureaucrats; it times for RBI governor to veil pitch for Public Sector Bank’s privatization. He said  that RBI Starts Audit of Public Sector Banks For LoU’s & Trade Finance Activities He also supported the withdrawal of legal immunity from RBI regulations that PSBs enjoy, siting ...

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RBI clarifies – All Rs 10 coin valid, legal tender

RBI-rs-10-coins

RBI clears all the doubt related to Rs 10 coin validity by stating i.e. “All the 14 designs of Rs 10 coin are valid and legal tender for transactions”.The Reserve Bank of India (RBI) reiterated the legal tender status of all ten rupee coins issued. There were many states in India where complaint were made on non acceptance of Rs ...

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