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What is Bank?

We should live and enjoy today but also work and save for tomorrow. Saving is to put money aside. Usually, people save money in the bank. A BANK is a place that looks after people’s money for them and keeps it safe. It also lends money to people to help them buy...

P2P Lending: What is Peer to Peer Lending, RBI guidelines,P2P Lenders

The Reserve Bank of India has introduced the rules and norms that would govern the P2P lenders and has also capped the aggregate exposure of a lender to all borrowers at a time at Rs 10 lakh and aggregate loans taken by a borrower at a time at Rs 10 lakh. What is P2P...

RBI plans to extend cyber audit to all banks

The cyber-attacks have been on a rise lately. The Reserve Bank of India has got many cases of the complaints of such cyber-attacks in the last few years. To take a measure in this regard, the RBI is planning to extend the cyber-audit of all the banks in the country....

How does RBI deal with old notes, banned notes of 500 and 1000

In a major assault on black money and terror financing, Prime Minister Narendra Modi on November 8 2016 announced demonetisation of 500 and 1,000 rupee notes and asked holders of such notes to deposit them in bank account. What will happen to Banned Notes of Rs 500...

Currency Management: How does Indian Notes and Coins reach People

The Reserve Bank of India has task of issuing, managing and distributing currency notes and coins. This article talks about Currency Management in India, how does Indian Notes and Coins reach people? where are Indian rupee Notes and coins printed? What are currency...
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