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The Latest Breaking News from RBI

RBI defends before Delhi HC ₹2,000 banknote exchange exercise

The Reserve Bank of India (RBI) on Tuesday told the Delhi High Court that withdrawal of ₹2,000 notes is not demonetisation but a statutory exercise, and the decision to enable their exchange was taken for operational convenience

The Hindu

₹2,000 notes reach banks amid hiccups

Small queues were witnessed at some bank branches on May 23, 2023 for the exchange of ₹2,000 notes against smaller denominations as part of the withdrawal exercise.

The Hindu

Rs 2000 Note Withdrawn: Exchange and deposit begin today at banks

However all bank notes in Rs 2,000 denomination will continue to be legal tender and be used for transactions, stated RBI. Read further on Dynamite News

Dynamite News

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Morning Digest | No need to make a dash for ₹2,000 swaps, says RBI Governor Shaktikanta Das; wrestlers accept Brij Bhushan’s demand for a narco test under SC supervision, and more

The Hindu’s Morning Digest brings readers a select list of stories to start the day

The Hindu

No proposal to introduce ₹1,000 note, says RBI governor

NEW DELHI: RBI governor Shaktikanta Das on Monday said there was no proposal to introduce Rs 1,000 notes and insisted that the decision to withdraw the high-value notes was part of the RBI’s clean note policy and the purpose of remonetisation, following the 2016 demonetisation, has been achieved. Das also…

The Times of India

Slow withdrawal: on the RBI and the ₹2,000 note

The sudden decision by the Reserve Bank of India to withdraw the ₹2,000 notes in circulation has raised questions about the rationale

The Hindu

Burden of loose change driving Mumbai traders to resist Rs 2,000 banknotes

MUMBAI: As the new workweek began on Monday, a few traders in Mumbai began displaying a gradual reluctance to accept Rs 2,000 banknotes after the RBI declared their imminent withdrawal from September 30.

The Times of India

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No need to make a dash for ₹2,000 swaps, says RBI Governor Shaktikanta Das

Seeking to allay concerns about the legal tender status of ₹2,000 currency notes after the September 30 deadline for their exchange or deposit, Reserve Bank of India Governor Shaktikanta Das stressed there is no need to rush to the banks and signalled the last date is only meant to nudge…

The Hindu

Don’t allow ₹2,000 banknote exchange without requisition slip, identity proof: PIL petition in Delhi HC

A PIL petition has been filed before the Delhi HC to not allow the exchange of ₹2,000 banknotes without requisition slip and identity proof.

The Hindu

Rs 2000-Note Withdrawal: "Do not rush to banks," as it will continue to be legal tender, says RBI governor

The Reserve Bank of India on Friday withdrew the Rs 2000 denomination banknotes from circulation but they will continue to remain as legal tender. Read further on Dynamite News:

Dynamite News

RBI expects return of most Rs 2,000 currency notes in circulation by September 30: RBI governor

NEW DELHI: Reserve Bank of India (RBI) governor Shaktikanta Das on Monday said most of the withdrawn Rs 2,000 rupee notes are expected to be returned by the deadline of September 30.

The Times of India

‘Like a filmstar who fades away’: Newspapers bid farewell to the Rs 2,000 note – and criticise the RBI

Less than seven years after they came into our lives, it’s time to bid farewell to India’s purple Rs 2,000 notes. That’s what the Reserve Bank of India announced last week.

Newslaundry

Andhra Pradesh: YSRCP government steeped in corruption, alleges BJP State president Somu Veerraju

Withdrawal of the ₹2,000 denomination banknotes by the Reserve Bank of India is a bold step taken by Prime Minister Narendra Modi to unearth black money, says Somu Veerraju

The Hindu

SBI’s u-turn: No slip, ID proof needed to swap ₹2,000 notes

The Reserve Bank of India has announced the withdrawal of ₹2,000 currency notes from circulation

The Hindu

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The Hindu

₹2,000 note withdrawal will have little impact on MSME and real estate sectors, say stakeholders

The industry is likely to take the decision by the RBI, to withdraw ₹2,000 notes from circulation, in its stride and its impact on the micro and small scale industries will be negligible, said K.N. Narasimha Murthy, president, KASSIA

The Hindu

‘RBI decision will not have impact on common man’

The Hindu

₹2,000 notes withdrawn: LPG agencies, petrol bunks to play safe after facing heat from I-T dept.

LPG agencies, petrol bunks to play safe after facing heat from I-T dept.

The Hindu

No major disruption expected in withdrawal of ₹2,000 currency notes

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The Hindu

Andhra Pradesh: Minister ridicules Naidu’s claim that he is behind withdrawal of ₹2,000 denomination banknotes

The decision to withdraw the 2,000 denomination banknotes from circulation by the RBI has been taken at the highest level, and TDP supremo Chandrababu Naidu seems to be not in control of himself, says Gudivada Amarnath

The Hindu

Mamata calls decision of pulling out ₹2,000 notes from active circulation ‘whimsical’

Mamata Banerjee who was severely critical of demonetisation in November 2016 described the decision of the RBI as a “misadventures by an oligarchic & authoritarian government

The Hindu

Is 'second demonetisation' cover-up of wrong decision made earlier, asks Kharge

Opposition leaders on Saturday hit out at the government after the RBI announced the withdrawal of ₹2,000 currency notes from circulation, with Congress president Mallikarjun Kharge asking if the “second demonetisation” is an effort to cover up the wrong decision made earlier.

The Hindu

Withdrawal of ₹2,000 notes will have no perceptible effect on economy: Panagariya

The RBI’s decision to withdraw ₹2,000 currency notes from circulation will not have any ‘perceptible effect’ on the economy as any such notes returned will be replaced by either equivalent cash in lower denomination notes or a deposit, former NITI Aayog Vice Chairman Arvind Panagariya has said.

Dynamite News

RBI withdraws Rs 2000 note from circulation, to remain legal tender; exchange facility available till Sept 30

The Reserve Bank of India has decided to withdraw the Rs 2000 denomination banknotes from circulation but they will continue to remain as legal tender. Read further on Dynamite News:

The Times of India

RBI to transfer Rs 87,416 crore surplus to govt for FY23

MUMBAI: The Reserve Bank on Friday approved Rs 87,416 crore dividend payout to the central government for 2022-23, nearly triple of what it paid in the previous year.

The Hindu

Explained | What are RBI regulations on green deposits?

The Reserve Bank of India (RBI) has come up with a regulatory framework for banks to accept green deposits from customers.

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