RBI directs banks to preserve the CCTV footage of post demonstration period.

RBI has directed bank to continue preserving the CCTV recordings of operations at bank branches and currency chests for the period from November 08, 2016 to December 30, 2016, until further instructions, to facilitate coordinated and effective action by the enforcement agencies in dealing with matters relating to illegal accumulation of new currency notes.

RBI issues Statement on Developmental and Regulatory Policies

The Statement on Developmental and Regulatory Policies is published to provide decisions and proposals with regard to liquidity management, enhancement of the exposure thresholds under Resolution Framework 2.0, Placement of Margins for Government Securities Transactions on behalf of FPIs and availability of NACH on all days of the week etc.

RBI keeps policy repo rate under LAF unaltered

RBI informs that MPC has decided to keep the policy repo rate under the LAF at 4%. The reverse repo rate is also unchanged at 3.35% and the MSF rate and Bank Rate is 4.25%. The accommodative stance taken by the MPC considering the Covid-19 pandemic situation.