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RBI Governor Urjit Patel at a press conference after the monetary policy review meeting in Mumbai. (Photo: PTI)

PSBs merger could help banking system: Patel

Patel said that divestment in public sector banks would have a positive role for the sector.

25 April 2017 3:22 PM IST

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

India Inc overseas borrowing rises 11.6 pc in March

Domestic firms had borrowed USD 1.52 billion through external commercial borrowing in March 2016.

25 April 2017 10:33 AM IST

RBI governor Urjit Patel (Photo: PTI)

Parliamentary panel calls Urjit Patel again on note ban issue

As members could not complete their questions, the committee had decided to call RBI Governor and ministry.

20 April 2017 5:15 PM IST

Globally, gold fell 0.30 per cent to USD 1,244.10 an ounce and silver 0.03 per cent to USD 18.29 an ounce in Singapore.

Banks have no liability for locker theft; how to protect your...

According to RBI, banks are not responsibility for the safety of valuables kept in lockers and will not provide...

26 Jun 2017 1:16 PM 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.

India Inc lowers Rs 1 lakh-crore debt in year

Firms lower Rs 33,000 crore debt, says SBI.

26 Jun 2017 2:45 AM IST

The total expenditure was Rs 11.50 lakh crore as against the governments estimate for the current fiscal at Rs 19.78 lakh crore. (Representational Image)

States' fiscal deficit soars to Rs 4.93 trillion in FY16

Maharashtra, one of the most urbanised and industrialised states, had a gap of Rs 1,020 crore in FY91.

24 Jun 2017 12:26 PM IST

RBI governor Urjit Patel

Banking Ombudsman can now slap Rs 20 lakh fine

Banks could be penalised for mis-selling third-party products like insurance and mutual funds via e-banking.

24 Jun 2017 9:28 AM IST

RBI governor Urjit Patel

RBI denies restricting exchange of Qatari Riyals

Reserve Bank has not issued any instructions restricting the exchange of Qatari Riyals in India.

23 Jun 2017 7:52 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RBI has also reported that the general public has withdrawn Rs. 1,03,316 crore from their accounts either over the counter or through ATMs during this period.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's new directive on passbooks to help track transactions

RBI said it has observed that many commercial banks do not publish adequate transaction details for the customer.

23 Jun 2017 5:55 PM IST

While Bhushan Steel is in default of Rs 44,478 crore to banks, Essar Steel owes Rs 37,284 crore and Electrosteel Steels Rs 10,273.6 crore. (Representational image)

Essar, Bhushan Steels and Electrosteel referred to NCLT for insolvency

Essar Steel, Bhushan Steel and Electrosteel Steel collectively have NPAs worth Rs 1 lakh crore.

23 Jun 2017 11:16 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 rejigs overseeing committee to monitor restructuring of bad loans

The reconstituted OC will work with an expanded mandate to review the restructuring of stressed assets.

22 Jun 2017 6:10 PM IST

Implementation of GST it does not seem will meet its actual deadline of Aril 1, 2017 as both the Centre and the states have failed to arrive on an agreement over contentious issues.

GST to create national market and broaden tax base: Urjit Patel

Patel said broadening of tax base is an important outcome of GST and other initiatives on e-payments and digitisation.

22 Jun 2017 5:02 PM IST