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The Wholesale Price Index (WPI)-based inflation was at 3.18 per cent in March. It was 3.62 per cent in April 2018. (Representational Images)

WPI inflation slips to 3.07 per cent in April, food prices still high

Inflation in food articles hardened with steep rise in prices of vegetables during April.

14 May 2019 12:40 PM

The Ministry of Corporate Affairs (MCA) has forwarded complaints against Religare Enterprises about shareholding norm violations to the financial regulators.

MCA refers Religare case to regulators, mulls action

Having shared the case with the Securities and Exchange Board of India and the Reserve Bank of India.

14 May 2019 2:24 AM

The six-member panel headed by Bimal Jalan was appointed on December 26, 2018 to review the Economic Capital Framework for the RBI.

Bimal Jalan panel on RBI's capital size likely to submit report by June

The committee was to submit its report in 90 days from the first day of its meeting, which held on January 8.

13 May 2019 5:18 PM

Mastercard already started saving data at servers in India from October last year.

De-duplication of Indian consumer data to complete by year-end: Mastercard

The moves comes in the backdrop of the regulator RBI asking such payment technology firms to comply with data localisation norms.

13 May 2019 10:41 AM

A bench comprising Justices R F Nariman and Vineet Saran was dealing with the question whether a person is entitled to be represented by a lawyer of his choice in the process undertaken by banks to declare him a "wilful defaulter" under a circular issued by RBI. (Photo: File | ANI)

Loan defaulters have no right to have lawyer in 'in-house' proceedings of banks: SC

Supreme Court has ruled that the right to be represented by a lawyer does not extend to in-house proceedings.

12 May 2019 6:41 PM

The mobile application should be searchable via voice option in all app stores.

RBI proposes mobile app to help visually impaired to identify currency notes

There are about 80 lakh blind or visually impaired people in the country.

12 May 2019 11:58 AM

Weaker financial position of states and use of vernacular languages make offer documents difficult to comprehend.

Now FPIs can invest in municipal bonds: Sebi

Lack of adequate and timely disclosure among Indian municipalities has resulted in lower demand for their securities.

09 May 2019 3:10 AM

Corporate Affairs Secretary Injeti Srinivas said exposure worth Rs 12,000 crore would be settled by July end.

RBI follows tribunal dictat on IL&FS loans

RBI allowed banks to treat exposure to IL&FS and its group entities as non-performing assets following the NCLAT order.

09 May 2019 2:24 AM

In a report on the forecast for global monetary policy actions and resulting economic impact, IHS Markit said RBI is likely to tighten its monetary policy stance in early-to-mid 2020.

RBI likely to cut rates again in June; none thereafter on rising inflation

RBI had cut interest rate by 25 basis points each in February and April to boost economic growth

08 May 2019 2:38 PM

Although foreign demand grew at the quickest pace in 10 months, a sub-index tracking new business slipped to a 7-month low of 51.2 in April. (Repsesentaitve Image)

April service sector growth at 7-month low, dented by Lok Sabha elections: PMI

Purchasing Managers' Index slipped to 51.0 in April, the lowest since September, down from 52.0 the previous month.

06 May 2019 11:29 AM

“The Indian rupee is at a crossroads. Recent developments, including higher global oil prices, a strong US dollar and historical seasonality patterns point to downward pressure on the rupee in the near-term,” noted Khoon Goh, head of Asia research at ANZ. (Photo: File/Representational)

Politics to decide rupee's near-term fate: Poll

The election result, due on May 23, will decide who governs the world’s biggest democracy for the next five years.

04 May 2019 11:49 AM

Senior advocates Kapil Sibal and Arvind Datar, appearing for the messenger app owned by US-based Facebook, told the bench that they are only having a trial run which is likely to be completed by July. (Representational Image)

Payment service will be launched only after complying with RBI norms: WhatsApp to SC

The trial run is likely to be completed by July end this year, WhatsApp said.

03 May 2019 5:47 PM

The Yes Bank stock fell more than 30 per cent, as investors dumped the shares, reacting to the surprise fourth quarter loss of Rs 1,506 crore and much higher-than-expected NPA recognition, which led to most brokerages downgrading the stock.

Yes Bank shares tank over 30 per cent

Yes Bank had reported its fourth quarter performance after the market hours on Friday and the market was closed on Monday.

01 May 2019 1:58 AM

"The model code of conduct exempts RBI's monetary policy. It is unlikely to attract any action if the RBI issues the revised (February 12) circular," sources said.

RBI's revised guidelines for resolution of stressed assets likely before May 23

RBI is in very advanced stage and revised circular should be out before declaration of general elections result.

28 Apr 2019 2:59 PM

The forex kitty had touched a life-time high of USD 426.028 billion in the week to April 13, 2018.

Forex reserves decline by USD 739 mn to USD 414.14 billion

In the previous week, the reserves had increased by USD 1.105 billion to touch USD 414.886 billion.

27 Apr 2019 10:29 AM

The Reserve Bank of India (RBI) has announced that it will shortly issue Rs 20 denomination banknotes, in the Mahatma Gandhi (New) series, bearing the signature of the central bank's governor Shaktikanta Das. (Photo: ANI)

RBI to issue new Rs 20 denomination banknotes

The note has other designs, geometric patterns aligning with the overall colour scheme, both at the obverse and reverse.

27 Apr 2019 10:13 AM

In January this year, Supreme Court had issued contempt notice to RBI for not disclosing annual inspection report of banks under RTI. (Photo: PTI)

SC directs RBI to disclose information on bank inspection report under RTI

Supreme Court made it clear that it was giving a last opportunity to RBI to comply with provisions RTI.

26 Apr 2019 11:38 AM

Sources said various options are being explored for rejigging the NPA framework. (Representational Image)

Stressed assets resolution: RBI mulls giving 60 days additional time for repayments

Against backdrop of the Supreme Court quashing an RBI circular, a revised set of rules would be released soon.

25 Apr 2019 7:54 PM

"With this divestment, the government now holds 100 per cent stake in both these financial institutions," RBI said in a statement.

RBI sells entire stake in NHB, Nabard to government for Rs 1,470 cr

RBI sold stake in NHB on March 19, while it sold the stake in Nabard on February 26, the bank said in a statement.

25 Apr 2019 1:33 PM

The RBI moved the review petition on March 19 and a decision is pending now as the tribunal had sought corporate affairs ministry's views to the RBI demand.

RBI asks banks to disclose IL&FS provisions in Q4 accounts

RBI has asked banks to disclose the IL&FS and group entities exposure in the notes to accounts in a standard proforma.

25 Apr 2019 9:02 AM

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Krishna Shastri Devulapalli