UPDATES OF RBI

• It has come to the notice of the Reserve Bank of India that an app (application) is doing rounds on What's App purportedly to facilitate checking of balance in customers' bank accounts. The application has an RBI logo with the title 'All Bank Balance Enquiry No' and has listed several banks with either a mobile number or call centre number.

• The Reserve Bank wishes to clarify that it has not developed any such application. Members of public are, therefore, advised to use the application, if at all, at their own risk.

• Changes are done in the area of priority sector lending.
• Government of India announce the sale of four dated securities for Rs 16000 Cr on April 30 th 2015

• RBI central board of directors meeting held in Goa chaired by Dr. Raghuram G. Rajan, Governor.The Central Board meeting takes placeat  least once every quarter.The main function of the Central Board of Directors of the Reserve Bank is to provide overall direction to the Reserve Bank’s affairs.