- Scheduled Banks - All banks which are included in the Second Schedule to the Reserve Bank of India Act, 1934 are scheduled banks. These banks comprise Scheduled Commercial Banks and Scheduled Cooperative Banks. These banks are eligible for certain facilities such as financial accommodation from RBI and are required to fulfill certain statutory obligation. - The RBI is empowered to exclude any...

Money Market Instruments The money market can be defined as a market for short-term money and financial assets that are near substitutes for money. The term short-term means generally a period upto one year and near substitutes to money is used to denote any financial asset which can be quickly converted into money with minimum transaction cost. Some of the important money market instruments are...

- The Reserve Bank of India has introduced a new series of 'Star' bank note, which will be issued in Rs. 10, Rs. 20 and Rs. 50 denominations to replace the defective notes in various series. - According to the RBI declarations, the new series of notes would look like the existing ones in the Mahatma Gandhi series but will have an additional character-a star in the number panel. - These notes hav...

- On July 1,2010 Reserve Bank of India has decided to circulate 'Plastic Currency Notes' in the market by the end of 2010. - In its revealed decision, Reserve Bank of India decided to introduce and circulate Rs. 10 plastic note in the market and later on currency notes of Rs. 20, 50 and 100 will be made circulated in the market. - RBI also decided to print these plastic notes in India itself. -...

- The Government of India has also issued a new series of coins of the denomination of 50 paise, Rs. 1, Rs. 2, Rs. 5 and Rs. 10 with following features : • New series of coins of 50 paise, Rs. 1, Rs. 2 and Rs. 5 contain aflowery designs; • Rs. 10 coins will now contain 10 petals in pice of existing 15petals; • Parallel lines on the existing Rs. 10 coin will be removed and the size of the...