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Inflation probably exceeded the RBI medium-term target of 4 per cent in October for the first time in 15 months.

India’s inflation probably breached RBI target last month: report

Vegetable prices, particularly that of onions and tomatoes, will contribute significantly to the rise in inflation.

08 Nov 2019 11:00 AM

Closely monitoring situation at PMC Bank; forensic audit underway: Das

The apex bank enhanced the cash withdrawal limit to Rs 50,000 per account.

07 Nov 2019 3:47 PM

The crisis began after an alleged Rs 4,355-crore scam came to light. (Photo: PTI)

PMC depositors gather outside RBI Delhi, demand assurance from central bank

On Tuesday, the RBI increased the withdrawal limit from the bank's customers to Rs 50,000.

06 Nov 2019 3:44 PM

The RBI has also been decided to allow the depositors to withdraw from the PMC Bank's own ATMs within the prescribed limit of Rs 50,000. (Photo: File | PTI)

Withdrawal limit for PMC Bank depositors raised to Rs 50,000

With the above relaxation, more than 78 per cent of the depositors of the bank will be able to withdraw their entire account balance.

05 Nov 2019 6:30 PM

The bank has deposits of over Rs 11,000 crore and the RBI has said that 77 per cent of the depositors can withdraw their money with the Rs 40,000 limit. (Photo: PTI)

What steps taken to help PMC Bank depositors, HC asks RBI

The Enforcement Directorate is investigating the case and has attached the assets of HDIL promoters.

04 Nov 2019 2:43 PM

...it has been decided to integrate the supervision functions into a unified Department of Supervision, and regulatory functions into a unified Department of Regulation with effect from November 1, 2019,the Reserve Bank said.

RBI revamps departments for effective supervision, regulation of banking sector

Reserve Bank had separate departments for supervisory, regulatory functions which were integrated into two unified departments.

02 Nov 2019 12:27 PM

Markets regulator Sebi asked all listed banks to make disclosures about any divergence in provisioning of bad loans.

Sebi tightens norms for listed banks on bad loan disclosures

The decision has been take in consultation with the RBI, the Sebi said in a circular.

31 Oct 2019 5:43 PM

PMC depositors protest outside RBI office seeking payback

Five persons, including HDIL promoters and bank's top management, have been arrested.

29 Oct 2019 5:48 PM

The forex reserves had risen by USD 1.879 billion to a new record high of USD 439.712 billion in the previous reporting week.

Forex reserves cross USD 440 billion mark, up by USD 1.04 billion

The value of the gold reserves increased by USD 82 million to USD 26.861 billion for the week, the RBI said.

25 Oct 2019 7:55 PM

The RBI minutes from October policy review underscored the monetary policy committee members' unanimous decision to keep rates lower.

RBI may cut rates in December: report

A modest overshoot in recent inflation outruns is outweighed by downside risks to RBI's growth estimates.

24 Oct 2019 1:10 PM

The country also figured among the top 10 performers on the list for the third time in a row. (Representational Image)

India moves up 14 spots to 63 on World Bank's ease of doing business ranking

New Zealand, Singapore and Hong Kong topped the list this year.

24 Oct 2019 8:13 AM

This is the fourth incidence of death of depositors of PMC Bank which has been under RBI curbs, including limits on cash withdrawals at Rs 40,000 per depositor. (Representational Image)

PMC depositor dies after being unable to withdraw funds for heart surgery

The victim, Murlidhar Dharra, 83, had as much as Rs 80 lakh in deposits with PMC Bank but could not withdraw money due to RBI curbs.

19 Oct 2019 8:52 AM

The Mumbai Police will investigate how the Reserve Bank of India audit missed various irregularities in the PMC bank transactions, the metropolis police chief said on Wednesday. (Representational Image)

Omission of irregularities in PMC bank working will be probed: Mumbai police

In this case, the loans were not shown in the name of HDIL but were shown in the accounts of different names.

17 Oct 2019 8:59 AM

A depositor of the troubled Punjab and Maharashtra Co-operative (PMC) Bank died of a cardiac arrest on Tuesday due to stress, his family in Mumbai has said. (Photo: ANI)

Another PMC Bank depositer dies of heart attack, family says he was under stress

Fattomal Punjabi is reportedly the second customer of PMC Bank to die in less than 24 hours.

16 Oct 2019 9:00 AM

Sanjay Gulati, a resident of suburban Oshiwara, went to a protest march held outside a city court on Monday morning and had been under stress because of his deposit being stuck, said Manali Narkar, who was among the agitating depositors. (Photo: Twitter)

Ex-Jet Airways employee with Rs 90L in PMC Bank dies of heart attack after protest

According to reports in a section of media, Gulati lost his job after the grounding of Jet Airways and is survived by a specially-abled son.

15 Oct 2019 12:17 PM

Headline consumer price index inflation likely jumped in September on the back of a surge in onion prices. But that will hardly bring tears to the eyes of the RBI, as it is likely to have stayed below the 4.0 per cent target, said Shilan Shah, senior India economist at Capital Economics.

Inflation increased in September but won't 'bring tears' to RBI: Report

If the consensus is right, inflation will come in below the RBI’s medium-term target for 14 months in a row.

10 Oct 2019 3:31 PM

The extension is effective from October 10 October to April 9 next year. (Photo: ANI)

RBI extends Chhibber's term as J&K Bank's interim CMD for 6 months

Chibber took over the bank's reins for three months in June following the removal of Parvez Ahmed from the post by the state govt.

09 Oct 2019 12:09 PM

Yes Bank chief Ravneet Gill said the new investor/s will be either a strategic partner like a tech company, or a financial investor or a deep-pocketed family office.

Yes Bank shares jump over 4 per cent on fresh investment buzz

Shares of the private sector lender rose 4.15 per cent to Rs 43.85 on the BSE.

07 Oct 2019 12:28 PM

Investigators have said that the PMC Bank officials misled the RBI for over a decade from 2008 to August 2019. The fictitious loan accounts created for HDIL were not entered into the bank's core banking system. (Photo: PTI)

Former MD of PMC Bank arrested in Rs 6500 crore fraud

The agency conducted searches at six places in Mumbai and neighbouring areas linked to the former chairman of the bank, promoters of HDIL.

04 Oct 2019 8:10 PM

The repo rate cut is aimed at pushing consumption up during the ongoing festival season by reducing borrowing costs for home and auto loans, which are now directly linked to this benchmark.

Loans to become cheaper after RBI cuts interest rate to a decade low

RBI will continue accommodative stance as long as it is necessary and growth revives, said RBI Gov Shaktikanta Das.

04 Oct 2019 4:11 PM

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Farrukh Dhondy