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Showing posts with label RBI. Show all posts
Showing posts with label RBI. Show all posts

Tuesday, 4 April 2017

RBI Governor gets pay hike; monthly basic jumps to Rs 2.5 lakh

New Delhi: RBI Governor Urjit Patel and his appointees have a major pay climb with the administration dramatically increasing their fundamental compensation to Rs 2.5 lakh and Rs 2.25 lakh for each month, separately.

till, their pay rates are much lower than the top officials of different banks directed by the RBI.

The month to month remittances of these top RBI authorities incorporate 'fundamental pay', dearness stipend and 'different installments', which totalled Rs 2,09,500 in the event of Patel as on November 30, 2016, according to the most recent data uncovered on the RBI site.

Because of an inquiry under the Right to Information (RTI) Act, the national bank revealed that according to a Finance Ministry correspondence, dated February 21, the essential pay of the Governor and Deputy Governors have been modified. Bulk whatsapp sms service provider

Taking after the modification, the essential pay of the Governor stands expanded to Rs 2,50,000 every month while the same for a Deputy Governor would be Rs 2,25,000, RBI said.

The compensation climb is "with impact from January 1, 2016".

Source:- Zeenews

Monday, 21 November 2016

Banks Have Received $80 Billion In 500, 1000 Notes, Says RBI: 5 Points

NEW DELHI: The Reserve Bank of India today said banks have gotten 5.45 trillion rupees or 80 billion dollars in 500 and 1000 rupee notes from November 10 to 18, after the administration chose to pull back high esteem bills to dispense with dark or untaxed cash and fake coin.

Here are the 5 most recent advancements in this real issue:

1-The sum incorporates 5.12 trillion rupees ($75.1 billion) in bank stores and 33,000 crore rupees ($ 4.85 billion) in return of old notes with new ones. The administration had nullified 500 and 1000 rupee notes on November 8.

2-The national bank has likewise made a progression of declarations today, in one, permitting banks to give borrowers an extra 60 days for reimbursement of lodging, auto, cultivate and different credits under one crore.

3-The RBI said banks and different lenders will get an extra 60 days for perceiving these credits as non-performing resources or substandard. The unwinding will apply to levy payable between November 1 and December 31, it said.

4-The RBI has likewise facilitated money withdrawal rules for organizations, saying overdraft and money credit account holders can now pull back up to Rs. 50,000 in a week now.

5-It had prior permitted just current record holders to pull back Rs. 50,000 in a week. The national bank said this would be took into account accounts that have been operational throughout the previous three months. Individuals can pull back Rs. 24,000 a week from their investment account.

Source:- NDTV