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Every year, the institute organizes an international conference in an area of relevance to the institute. The conferences are intended to promote an exchange of the latest knowledge, experiences, research findings and technical know-how in information technology and its application in the Indian banking and financial sector. [3]
The preamble of the Reserve Bank of India describes the basic functions of the reserve bank as: [13]...to regulate the issue of Bank notes and keeping of reserves with a view to securing monetary stability in India and generally to operate the currency and credit system of the country to its advantage; to have a modern monetary policy framework to meet the challenge of an increasingly complex ...
National Electronic Funds Transfer (NEFT) is an electronic funds transfer system maintained by the Reserve Bank of India (RBI). Started in November 2005, the setup was established and maintained by Institute for Development and Research in Banking Technology. [1]
NIELIT has been conducting training for various Government departments viz. Directorate General Resettlement (DGR), Border Security Force (BSF), Reserve Bank of India (RBI), Army Educational Corps (AEC), National Security Guard (NSG), Telecom Regulatory Authority of India (TRAI), Delhi Metro Rail Corporation (DMRC), Defence Research and ...
NIBM was established on September 24, 1969, by the Reserve Bank of India (RBI), in consultation with the Government of India (GoI), as an autonomous apex institution for research, training, education and consultancy in Bank Management. Its mandate is to play a proactive role of "think-tank" of the banking system.
Section 22 states that only the RBI has the exclusive rights to issue currency notes in India. Section 24 states that the maximum denomination a note can be is ₹ 10,000 (US$120). Section 26 of Act describes the legal tender character of Indian bank notes. Section 28 allows the RBI to form rules regarding the exchange of damaged and imperfect ...
A stalker who "scared the life" out of a woman in his "relentless" pursuit of her has been jailed. Tyson Junior Miller, 37, of Hill Rise, Chippenham, turned up at the house of his victim and sent ...
As per RBI, Digital Rupee has reached 50,000 users and 5,000 merchants as of 8 February 2023. [58] RBI is going to launch pilot project for inter-bank borrowing using digital rupee from October 2023. [59] In the retail sector usage of the Digital Rupee, the RBI has achieved its goal of one million daily transactions on 27 December 2023. [60]