‘RBI now Reverse Bank of India’

The Congress mocked the Reserve Bank of India (RBI) on Wednesday for repeated changes in the rules governing demonetisation, DHNS reports. “Unfortunately, the Reserve Bank of India has now become Reverse Bank of India,” Congress’ chief spokesman Randeep Singh Surjewala told reporters,…

RBI flip-flops on old note deposits

Amid widespread criticism, the Reserve Bank of India on Wednesday withdrew a norm mandating questioning of bank customers depositing more than Rs 5,000 in banned currency. It also lifted a bar on deposits exceeding Rs 5,000 in banned notes more than once…