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RBI kept interest rates unchanged despite calls for lowering it while it slashed the economic growth projection by half a per cent to 7.1 in the first policy review post demonetisation.

India may miss out on growth estimate

Nomura expects the RBI to cut the repo rate by 25 bps to 6 per cent in February and stay on hold thereafter.

23 Dec 2016 1:33 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.

Dent on growth will be bigger than RBI's estimates

The next monetary policy meet is on February 8.

22 Dec 2016 3:14 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RBI has also reported that the general public has withdrawn Rs. 1,03,316 crore from their accounts either over the counter or through ATMs during this period.

'Reverse bank of India' altered norms 126 times in 43 days: Cong mocks...

The jibe from the opposition came in response to RBI's partial reversal of its Rs 5000 deposit restriction.

21 Dec 2016 3:37 PM IST

Indians stand in queue in front of Reserve Bank of India to exchange banned currency notes in Kolkata, India. (Photo: AP)

RBI makes U-turn, no Rs 5000 deposit limit for KYC account holders

Now, such deposits can be made by KYC compliant account holders, without questions being asked, said RBI.

21 Dec 2016 1:08 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)

Many banks refusing to take deposit over Rs 5,000 in old notes

Bankers are wary about accepting these deposits, fearing that they could be harassed by tax authorities later for...

21 Dec 2016 10:39 AM IST

Congress vice President Rahul Gandhi gestures to the crowd during the Jan Akrosh rally, in Jaunpur on Monday. (Photo: PTI)

RBI changing rules like PM changing clothes: Rahul

Mr Gandhi will be addressing a rally at Bahraich in poll-bound Uttar Pradesh on December 22 and at Almora in Uttarkhand...

21 Dec 2016 3:45 AM IST

Reserve Bank of India. (Photo: PTI)

RBI issues new Rs 50 and Rs 20 notes, old ones still valid

However, the old Rs 20 and Rs 50 notes will continue to be legal tender.

4 Dec 2016 5:16 PM IST

Delhi Chief Minister Arvind Kejriwal (Photo: AP)

PM calls himself fakir, but wears Rs 10 lakh suit, says Arvind...

Kejriwal accused Modi of killing institutions and said what the country has achieved in 65 years will be undone by him...

4 Dec 2016 2:18 AM IST

Reserve bank of India

Rate cut? RBI to present monetary policy next week

Hopes of a rate cut higher amid severe cash crunch due to anti-black money measure in force in country.

3 Dec 2016 12:22 PM IST

Old note will continue to be accepted for the other utility bill payments as well as at railway ticketing counters and counters of government or public sector undertaking buses for purchase of bus tickets till December 15

Illegal transaction: 27 officials of PSU banks get suspended

Even revenue intelligence officials are visiting many banks secretly to unearth any illegal activity.

3 Dec 2016 6:44 AM IST

People queue up at an ATM to withdraw cash in New Delhi. (Photo: PTI)

Was this the best way towards a better India?

Banks ran out of cash even though the RBI had repeatedly said the system was geared up to meet the extra demand.

3 Dec 2016 3:26 AM IST

People line up to withdraw cash from an ATM on payday in Navi Mumbai. (Photo: PTI)

1.8 lakh ATMs reconfigured for new notes

As per the plan, all the ATMs should have been ready by yesterday.

2 Dec 2016 6:55 AM IST