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Chairman of the Aditya Birla Group, Kumar Mangalam Birla. (Photo: PTI)

Aditya Birla Group gets RBI licence to start payments bank

Aditya Birla Idea Payments Bank will be launched in the first half of 2017.

4 April 2017 7:01 PM IST

Bank customers across the nation have complained that several banks are refusing to accept more than the said amount despite providing detailed explanations. (Photo: PTI/File)

Govt to help banks resolve Rs 6 lakh cr bad loans

Govt may bring in amendment in Banking Regulation Act or issue an ordinance to empower RBI.

4 April 2017 2:30 PM IST

RBI governor Urjit Patel

RBI gives nod to printing of Rs 200 notes: report

Printing of new Rs 200 denomination notes is likely to start after June when the Modi government gives its assent.

4 April 2017 11:18 AM IST

The Enforcement Directorate seized this fake ID card from a person in Mumbai after it conducted nationwide searches against Shell companies. (Photo: PTI)

A skewed crackdown?

The Enforcement Directorate conducted raids in 110 locations across 16 states.

3 April 2017 2:24 AM IST

'Essar, Bhushan Steel among 12 defaulters on insolvency list'

RBI identified 12 accounts for insolvency proceedings with each of them having over Rs 5,000 cr of outstanding loans..

17 Jun 2017 12:31 PM IST

The Code has defined time-frame for the resolution, the banker said, adding that 14-day time period has been given for admission or rejection of a case. (Representational image)

Essar Steel among RBI's 12 defaulters

Banks will move for insolvency proceedings in these 12 cases after due process defined under the Insolvency and...

17 Jun 2017 6:15 AM IST

Deputy Governor S S Mundra

State-run lenders may need more capital: RBI deputy Mundra

Mundra said state-run lenders may need more capital beyond the budgeted total allocation of 700 billion rupees.

16 Jun 2017 1:19 PM IST

Dena Bank is a public sector bank,

Dena Bank slashes home loan interest rates

For loans up to Rs 75 lakhs, the rate (marginal cost of funds based lending rate) is 8.60 per cent/ per annum.

16 Jun 2017 9:40 AM IST

According to IFA Global, a forex and treasury solution firm, the Indian rupee is the third best performing Asian currencies this year, up 4.63 per cent in the March quarter, its best quarterly gains since September 2012.

Forex reserves on BoP basis shoot by USD 21.6 bn 2017: RBI

In FY17, fall in current account balance was to the tune of USD 15.3 billion as against a decline of USD 22.2 billion in...

15 Jun 2017 9:13 PM IST

There are some industries that are more vulnerable than others. These are industries that are typically seen to have some social or political impact.

Foreign investment of Indian industries dips to 56% in May

Among major investors, pharma major Dr Reddy's Laboratories invested USD 263 million in its wholly owned unit in...

15 Jun 2017 6:53 PM IST

A reduction in MCLR helps all new borrowers get the benefit of lower interest rates for all kinds of loans. (Representational image)

Risk weights cut on home loans credit negative for banks: report

RBI lowered the risk weight for housing loans above Rs 75 lakh to 50 per cent from the earlier 75 per cent.

15 Jun 2017 3:25 PM IST

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.

Finance Ministry to name 12 loan defaulters identified by RBI

The Finance Ministry further said that NCLT was being strengthened to fast track bankruptcy proceedings.

14 Jun 2017 7:56 PM IST