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RBI has also reported that the general public has withdrawn Rs. 1,03,316 crore from their accounts either over the counter or through ATMs during this period.

RBI refuses to disclose list of loan defaulters

Apex court had stated that the RBI is supposed to uphold public interest and not the interest of individual banks.

23 May 2017 2:39 PM IST

A man pays his bill to an E-rickshaw driver by using Paytm App at Balurghat in South Dinajpur district of West Bengal. (Photo: PTI)

Paytm Payments Bank: No minimum balance required

PPB may attract large number of customers who are part of India's traditional banking system.

23 May 2017 2:34 PM IST

BJP leader Syed Zafar Islam on Air India's board

Prime Minister Narendra Modi has approved his appointment as non- official independent director for three years.

23 May 2017 2:16 PM IST

Representational Image

India's gold imports could plunge in 2017

The plunge takes place after jewellers have aggressively restocked inventory ahead of a national sales tax that takes...

23 May 2017 2:11 PM IST

Arrested on the basis of profiling, the gold was concealed in the shoes he was wearing. (Representational Purpos).

Gold falls below Rs 29,000 on weak global cues

Gold prices plunges Rs 235 per 10 grams at the bullion market

23 May 2017 2:10 PM IST

The new office in London will make way for 3,000 jobs in the first wholly owned office building outside the US. (Photo: Pixabay)

IT employees set to form union as layoffs loom large

The industry employs 3.9 million people and the majority of them have to be re-trained.

23 May 2017 12:59 PM IST

Both ministers highlighted the fact that the Railways would benefit from the merger, and the decision will boost the overall infrastructure sector.

Railways to manufacture high-speed freight locomotives

Public transporter is looking to manufacture 800 such train engines over the next 11 years.

23 May 2017 12:40 PM IST

DTH is a direct-to-home service.

Entertainment, cable, DTH to be cheaper under GST

Entertainment events or cinematography films in cinema theatres will attract 28 per cent GST.

23 May 2017 12:22 PM IST

Paytm Payments bank (Photo: Twitter)

Paytm launches payments bank for customers

The payments bank was launched with 4 per cent interest rate and cashbacks on deposits.

23 May 2017 11:32 AM IST

Paytm Founder and Chief Executive Vijay Shekhar Sharma (Photo: Youtube screengrab)

Paytm Payments Bank starts, eyes 500 mn customers

Paytm Payments Bank aims to open 31 branches and 3,000 customer service points in its first year.

23 May 2017 11:00 AM IST

Representational Image

Reliance Jio files complaint against Airtel, Vodafone and Idea

The company alleged that they did not deposit requisite license fee in March, which led to a potential loss of Rs 400...

23 May 2017 10:49 AM IST

RBI Governor Urjit Patel at a press conference after the monetary policy review meeting in Mumbai. (Photo: PTI)

This is how RBI will deal with $150-bn bad loans

Only two weeks ago, government gave central bank greater power to tame bad loans.

23 May 2017 10:44 AM IST