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Simply stepping forward and declaring the money is not an appealing option for tax dodgers, as banks have to report to tax authorities anybody depositing over 250,000 rupees ($3,765).

RBI starts printing Rs 200 notes to ease consumer transactions

Introduction of 200 rupee notes will replenish the missing middle, triggered by the withdrawal of Rs 500 notes, say...

29 Jun 2017 11:03 AM IST

If they have banned the slaughter of cattle today, they will ban the consumption of fish tomorrow: Pinarayi Vijayan, Kerala CM

Report on Kerala Bank gets approval of state cabinet

Government would initiate steps to get permission in principle from the Reserve Bank of India and the NABARD for the...

28 Jun 2017 6:46 PM IST

Former Reserve Bank of India Governor Y V Reddy.

India needs own path to implement global banking norms: Reddy

As per the scheme, PSBs need to raise Rs 1.10 lakh crore from markets, including follow-on public offer.

28 Jun 2017 4:05 PM IST

The two unlisted associate banks which will be merged with SBI are State Bank of Patiala (SBP) and State Bank of Hyderabad (SBH).

12 large NPAs: SBI chief rules out big hit on bottomlines

Total NPA provisioning of banks stood at Rs 2.2 trillion as of FY17, up from Rs 2 trillion in FY16.

28 Jun 2017 9:33 AM IST

Representational Image.

Bank stocks dip up to 5 per cent amid selling pressure

The BSE bank index fell by 1.45 per cent to close at 26,234.14.

27 Jun 2017 6:50 PM IST

RBI had issued a notification saying that the withdrawal limit of cash from savings bank accounts will be relaxed to Rs. 50,000 from February 20

India Inc's foreign borrowings rise to USD 1 billion

In contrast, the borrowings of the Indian industries were USD 1.32 billion in May last year.

27 Jun 2017 5:36 PM IST

As the four occupants, including a woman, failed to give any satisfactory explanation about the source of cash in their possession, they have been detained, police said. (Photo: Representational Image)

Record low credit growth in FY 17 drops to 5.1 per cent

One-third of this massive contraction was led by just 10 companies, which cumulatively availed of Rs 33,571 crore less...

26 Jun 2017 6:59 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)

Deposits under PMGKDS can be made till April 30

Date of deposit and uploading would not be extended beyond April, 30 2017.

20 April 2017 10:49 AM IST

India, which is worlds second-biggest wheat producer, is looking to hinder wheat imports at a time when farmers are harvesting their crops.

Farm loan write-offs may hurt India's economy

India's total public sector debt, as a share of gross domestic product, stands at around 66 per cent.

19 April 2017 12:39 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.

RBI asks banks to closely monitor loans to telecom sector

Telecom sector has a debt of about Rs 4.6 lakh crore even as it is faces pressure on revenues.

19 April 2017 9:26 AM IST

As many as 1,328 cases (Rs 6 crore) related to ATM/Debit Cards, and 18 cases (Rs 1 crore) involving internet banking were reported during the period.

'Availability of cash-dispensing ATMs continues to worsen'

ATM outage level, which had improved in January and February, is showing deterioration in April.

18 April 2017 4:51 PM IST

India has been the worlds fastest growing major economy over the past two years.

India Inc's foreign investments jumps 2-fold to $3 bn in March

Indian firms had made investments of USD 1.42 billion in their overseas joint-ventures/subsidiaries in March 2016.

18 April 2017 3:01 PM IST