RBI received complaints about notes of Rs 1,000 denomination without the security thread being in circulation and has asked banks not to issue them in case these are found. These notes were printed by Currency Note Press, Nashik, on the paper [without security thread) supplied by Security Paper Mill (Hoshangabad).
2.
RBI has asked the lenders to open more brick and mortar branches in villages with no banking facilities and with a population of more than 5,000. It has asked banks to submit a roadmap on how many branches they will be opening by 31 March 2017.
3.
The Reserve Bank of India (RBI) created a dedicated helpline (Email) for start-ups in India in order to offer assistance on Forex matters to them for undertaking cross-border transactions within the ambit of the regulatory framework.
4.
The Reserve Bank of India extended the deadline for exchanging pre-2005 currency notes of various denominations by another six months to 30 June 2016.
5.
India's central bank The Reserve Bank of India has invited applications for "Payment System Innovation Awards" to encourage innovative solutions in the field of Payment and Settlement System.
6.
The Reserve Bank of India (RBI) released the final guidelines on computing interest rates on advances based on the Marginal Cost of Funds Methodology. The guidelines will come into effect from 1 April 2016. All rupee loans sanctioned and credit limits renewed with effect from 1 April 2016 will be priced with reference to the Marginal Cost of Funds based Lending Rate (MCLR).
7.
The Supreme Court held that the Reserve Bank of India (RBI) is liable to disclose information about the banks and financial institutions for their action against the loan defaulters including industrialists under the Right to Information (RTI) Act, 2005.
8.
The Reserve Bank of India has cancelled the certificate of registration of 56 non-banking finance companies (NBFCs), including ABNL, Future Ventures India and Bajaj Finserve.
9.
The Reserve Bank of India (RBI) announced the revised Priority Sector Lending (PSL) norms for Regional Rural Banks (RRBs). In this, the PSL target was increased to 75 percent of total outstanding from the existing 60 percent. The revised target will be effective from 1 January 2016.
10.
The Reserve Bank has signed an agreement with the UK's Prudential Regulation Authority and Financial Conduct Authority for supervisory cooperation and exchange of information.
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