RBI to withdraw ₹2,000 notes from circulation
The Reserve Bank of India, on May 19, decided to withdraw ₹2,000 note from circulation. “In view of the above, and in pursuance of the ‘Clean Note Policy’ of the Reserve Bank of India, it has been decided to withdraw the ₹2,000 denomination bank notes from circulation,” the RBI said. “Members of the public are encouraged to utilise the time up to September 30, 2023 to deposit and/or exchange the Rs 2,000 bank notes,” the central bank said. SEBI probe into Adani drew a blank: Supreme Court-appointed panel A six-member expert committee — constituted by the Supreme Court in the Hindenburg-Adani allegations case and headed by former Supreme Court judge, Justice A.M. Sapre — said that the Securities Exchange Board of India has “drawn a blank” and is in a “chicken-and-egg situation” in its investigation into the “ownership” of 13 overseas entities, including 12 Foreign Portfolio Investors. In a statement, the Finance Ministry said this is being done to remove “any procedural ambiguity” as “concerns have been raised about the applicability of Tax Collection at Source to small transactions under the Liberalised Remittance Scheme from July 1, 2023.” Earlier this week, the Reserve Bank of India introduced a new provision to capture overseas credit card spends under the LRS, which permits forex remittances of $2.5 lakhs a year for individuals.
Last date to exchange ₹2000 at banks nears; check list of bank holidays in Sept
Three-fourth of ₹2000 currency notes in circulation have returned to banks: Govt
RBI Has No Plan To Withdraw Rs 500 Note Or Bring Rs 1,000 Note; All You Need To Know
Discover Related
Karnataka: Bundles of Fake Notes Worth ₹14 Crore Seized from Vacant House
RBI increases ATM interchange fees by Rs 2 effective May 1. All you need to know
Indian bonds rally on demand boost; 10-year yield’s weekly fall most in 4 months
BJP to kickstart ₹2,500 scheme for women in Delhi, registration opens on March 8
India bond traders eye debt auction, GDP data for directional cues
From The Hindu, February 28, 1975: Nationalised banks asked to exchange soiled notes
Mint Explainer: Why RBI has allowed premature redemption of sovereign gold bonds
India bond yields seen little changed ahead of state debt sale
RBI withdrawal relief for New India Co-op Bank depositors. Check details here
RBI allows New India Cooperative Bank depositors to withdraw up to ₹25,000
RBI allows New India Cooperative Bank depositors to withdraw up to ₹25,000
India short bond yields dip as dovish RBI aids sentiment
New India Co-op Bank depositors get relief as RBI allows Rs 25,000 withdrawal
Bank credit and deposits growth decelerate in Q3: RBI data
Demand for debt sale to guide Indian bonds before RBI minutes
India cancels sale of ₹26,000 crore worth of treasury bills amid tight cash
RBI pumps in Rs 45 trillion in banking system since December to meet liquidity needs
India bond yields seen steady before key events