One more decision on SBNs: Reserve Bank’s latest circular (dated 23/11/2016) to all the commercial banks, foreign banks, RRBs, State & Urban co-operative banks advised about the Government’s decision that the subscribers of Small Savings Schemes may not be allowed to deposit SBNs (defunct Rs.500/- & Rs.1000/-) in Small Savings Schemes. Banks are, therefore, advised not to accept SBNs for deposits in Small Saving Schemes with immediate effect.
- RBI revises Priority Sector target and classification
- Revision of position (long or short) for all currencies in Exchange Traded Currency Derivatives (ETCD) Market
- Timelines for large accounts under Insolvency and Bankruptcy Code 2016 (IBC)
- Resolution of Stressed Assets: RBI scraps all existing debt restructuring schemes