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There are allegation that from November 15 to November 18, the bank manager had issued 149 demand drafts for amounts less than Rs 50,000 in favour of a Pune-based finance company in violation of RBI guidelines.

Bitcoins won't be promoted

The finance ministry also said that the demand of swipe machines in the country has increased after November 8, 2016.

6 Feb 2017 12:54 AM IST

There are allegation that from November 15 to November 18, the bank manager had issued 149 demand drafts for amounts less than Rs 50,000 in favour of a Pune-based finance company in violation of RBI guidelines.

RBI likely to maintain status quo on February 8

Reserve Bank may refrain from lowering benchmark interest rate at its policy review meet this week.

5 Feb 2017 1:42 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RBI has also reported that the general public has withdrawn Rs. 1,03,316 crore from their accounts either over the counter or through ATMs during this period.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, IIP, Q3 data major deciders of market this week

MPC of the central bank will take a call on whether to reduce rates at its next policy meeting on February 8.

5 Feb 2017 10:42 AM IST

Union Economic Affairs Secretary Shaktikanta Das (Photo: PTI)

Remonetisation nearly complete: Shaktikanta Das

Economic affairs secretary says RBI would shortly take a call on only withdrawal restriction of Rs 24,000 a week.

3 Feb 2017 2:39 PM IST

Cash worth Rs 10.5 lakh in defunct notes of Rs 500 and Rs 1,000 was seized from a former BJP corporator near Saswad, Maharashtra. (Photo: PTI/Representational)

RBI rapped over exchanging notes in dead man's locker

Petitioner Ravindra Gill had filed a testamentary petition to probate her deceased husband's will in December 2, 2016.

3 Feb 2017 4:50 AM IST

The report noted that lending rate cuts are key to cyclical recovery rather than reforms as reforms tend to push up growth only in the medium term.

25bps repo rate cut more likely in Apr than Feb: Citigroup

Central bank's timing remains uncertain, but possibility of a 25 bps rate cut is high in near-term.

2 Feb 2017 12:12 PM IST

According to sources, the Centre is likely to bring down the tax collected at source limit so as to discourage cash transactions. (Representational Image)

Union Budget 2017: Rs 2,000 limit set for cash donations to parties

Arun Jaitley said the RBI Act would be amended to enable the issuance of electoral bonds, full details of which will be...

2 Feb 2017 5:13 AM IST

There are allegation that from November 15 to November 18, the bank manager had issued 149 demand drafts for amounts less than Rs 50,000 in favour of a Pune-based finance company in violation of RBI guidelines.

Govt proposes Payments Regulatory Board in RBI

Government will undertake a comprehensive review of this Act and bring about appropriate amendments.

1 Feb 2017 4:58 PM IST

IT officials raid at Kotak Mahindra Bank at K G Marg in New Delhi. (Photo: PTI)

RBI asks Kotak Mahindra to cut promoter stake to 15 pc by 2020

As per BSE data, promoter shareholding in Kotak Mahindra Bank as on December 31, 2016 stood at 33.61 per cent.

1 Feb 2017 1:51 PM IST

Reserve Bank of India, RBI, is meeting on October 3-4 for its bimonthly policy review. (Photo: PTI)

RBI warns of fiscal slippage, inflation

GST collections were Rs 83,346 crore in October, down from over Rs 92,000 crore in the previous month.

6 Dec 2017 5:23 PM IST

Reserve Bank of India, RBI, is a banking regulator. It also calculates and fixes repo rate. (Photo: AFP)

Massive NPA under-reporting: RBI says no ruels changed

Lenders started reporting divergences since this June for having under-reported NPAs in FY16.

6 Dec 2017 4:23 PM IST

Indias GDP growth forecast for the current fiscal to 7 per cent from 7.4 per cent.

'GDP growth in FY'19 likely to see marginal pick up at 7.2 per cent'

Public investment is also constrained by a strict 3.2 per cent of GDP center's fiscal deficit target in FY18-19.

6 Dec 2017 4:18 PM IST