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No 5-day a week in commercial banks: RBI

The Reserve Bank of India (RBI) said on Saturday it has not issued any direction with regard to a five-day a week working for commercial banks

 
 
The bank's asset-liability management committee in its meeting revised tenure-based MCLRs of the bank to be effective from Thursday
Interested firms have been asked to submit their proposals by May 2. The selected firm will have 6-8 weeks to complete the assignments assigned to it.
Information technology platform integration alone will take about 12 months and other processes and systems may take another year or so, the official said.
Inflows in equity funds (including equity-linked savings schemes) grew more than 120 percent month-on-month in March to Rs 11,756 crore.
 
 
The RBI will issue Rs 50 denomination banknotes in Mahatma Gandhi new series bearing the signature of Das
The central bank had turned net buyer of dollar for the first time in fiscal 2019 in December 2018 buying $607 million
The recent RBI cuts will help counterbalance the higher costs and help prevent further mortgage rate rises.
The two parties are positive that the merger will be approved by the RBI, based on recent precedents where the central bank has approved similar amalgamations.
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