==RBI has extended date for exchange of pre-2005 banknotes to 1 - TopicsExpress

==RBI has extended date for exchange of pre-2005 banknotes to 1 January 2015 and advised banks to facilitate the exchange of these notes for full value. ==Current Account Deficit (CAD) declined to 0.9 percent of Gross Domestic Product (GDP) in Quarter 3 (October - December) of 2013-14. == Reserve Bank of India (RBI) set up a committee under the Financial Stability and Development Council (FSDC). Chaired by Governor Raghuram Rajan. The committee would set the guidelines for the banking sector to comply with Basel-III capital norms. Main highlights are as follows ==The private sector lender, ICICI Bank launched portable hand-held machines (or portable POS machines) to avoid inconvenience around entering secret PIN number for card transactions in hotels.

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