Search results
Results from the WOW.Com Content Network
Sovereign Gold Bond, abbreviated as SGB, is a government security issued by the Reserve Bank of India (RBI) on behalf of the Government of India. It is denominated in grams of gold and is linked to the price of gold in India. It is also an interest-bearing bonds, carrying an interest of 2.5% p.a. paid in two installments in a year. [1] [2]
As at 31 January 2011, 74,680 branches or offices of 101 banks in the country (out of around 82,400 bank branches) were NEFT-enabled. Steps are being taken to further widen the coverage both in terms of banks and branches offices. As on 30 December 2017 total number of NEFT enabled branches was increased to 139682 of 188 banks. [14]
The CA issues digital certificates aimed to facilitate speedy and cost-effective digital transactions. These certificates are used by the RBI, banks and other financial institutions to exchange electronic messages between banks ensuring authenticity, integrity, non-repudiation and confidentiality. The CA services are aimed at facilitating.
The Commission further recommended for the two currency note presses at Dewas and Nashik to be transferred to the control of Bharatiya Reserve Bank Note Mundran Private Limited, setting up of a new security paper mill by the Reserve Bank of India (RBI) and phasing out or privatization of Security Paper Mill, Narmadapuram.
Indian Rupee currency notes, issued by the Reserve Bank of India, bear the governor's signature. Since its establishment in 1935 by the government of the Republic of India, the RBI has been headed by twenty-six governors. The governor of the Reserve Bank of India is a member of the Strategic Policy Group headed by National Security Advisor Ajit ...
Public Credit Registry (PCR), created by the Reserve Bank of India, is a public digital registry to capture and store financial information of borrowers in India, both existing and new borrowers. The credit registry will collate the borrowing history of both individuals and corporate borrowers.
If the customer has accounts in different branches of the same bank, all of those accounts are clubbed together and the total sum is insured to a maximum of ₹5,00,000. [6] However, if there are more accounts in same bank, all of those are treated as a single account. The insurance premium is paid by the insured banks itself.
In 1969, the Indian Government nationalized the bank on 19 July, together with 13 others. Nameboard of Central Bank of India, Shankar Sheth Road Branch, Pune. Central Bank of India, Brabourne Road Branch (in blue), in Kolkata. Central Bank of India was one of the first banks in India to issue credit cards in the year 1980 in collaboration with ...