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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.

RBI move on insolvency proceedings credit positive: Moody's

RBI has also asked banks to also review other NPAs and finalise a resolution plan over the next six months.

19 Jun 2017 6:45 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RBI has also reported that the general public has withdrawn Rs. 1,03,316 crore from their accounts either over the counter or through ATMs during this period.

Monsoon to good news for rural demand, RBI may cut rate: BofAML

Despite inflation moderating sharply in April, the Monetary Policy Committee had decided to leave policy rates unchanged...

19 Jun 2017 5:54 PM IST

The Reserve Bank last month put IDBI Bank under watch by initiating Prompt Corrective Action against it.

Loan defaulters: IDBI starts insolvency proceedings against Lanco...

Lanco Infratech is among the 12 firms identified by the central bank with a combined debt of over Rs 1,50,000 crore.

19 Jun 2017 10:39 AM IST

Rashtrapati Bhavan (Photo: File)

No card, only hard cash for President nomination in Digital India

Candidates who wish to be president have to deposit Rs 15,000 with the returning officer while filing their nomination...

18 Jun 2017 5:28 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RBI has also reported that the general public has withdrawn Rs. 1,03,316 crore from their accounts either over the counter or through ATMs during this period.

Bankers to meet from Monday to decide on large loan defaulters

Banks will meet to discuss six of the 12 accounts named by the RBI before referring accounts to the NCLT.

18 Jun 2017 3:08 PM IST

FPIs had invested over Rs 20,000 crore in the capital market in September 2016.

FPI net inflow at USD 3.5 billion in April

FPIs had pulled out more than Rs 80,000 crore between October 2016 to January 2017.

30 April 2017 12:05 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 keen to push ahead with more PSB consolidation

Merged entity began operation with deposit base of more than Rs 26 lakh cr and advances level of Rs 18.50 lakh cr.

30 April 2017 11:04 AM IST

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

Clean Notes Policy: RBI tells banks not to reject soiled notes

Reports had claimed banks were not accepting soiled notes causing hardship to customers.

29 April 2017 4:25 PM IST

DoCoMo sold its stake in telecom JV in 2014 to Tata Sons.

Delhi HC rejects RBI's intervention plea in Tata-Docomo case

However, HC has taken on record terms of consent of settlement between NTT Docomo and Tata Sons.

28 April 2017 3:21 PM IST

RBI governor Urjit Patel (Photo: PTI)

New notes were ready: RBI

No records of discussion on demonetisation were maintained for secrecy.

28 April 2017 12:37 AM IST

RBI Governor Urjit Patel. (Photo: PTI)

Rs 500, Rs 2000 notes were in stock before DeMo: RBI

Urjit Patel says no records of talks between RBI and govt on note ban were maintained because of secrecy.

27 April 2017 6:59 PM IST

Employees of Finance Ministry stand in a long queue to withdraw cash from an ATM at North Block in New Delhi on Tuesday. (Photo: PTI)

Government on job, no cash crisis: FM Arun Jaitley

Angry, cashless customers attack two bank branches in Uttar Pradesh and as many in Gujarat.

21 Dec 2016 2:20 AM IST