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PNB customers will have to shell out money beginning October if they carry out more than five transactions a month from the banks ATMs.

PNB expects resolution of 4-5 large NPA accounts bilaterally

Out of 28 identified cases, Punjab National Bank has exposure in 20 accounts.

2 Jan 2018 4:18 PM IST

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

GDP growth in India to accelerate over coming year: HSBC

GDP growth in India is expected to accelerate to 7.0 per cent in 2018-19 from 6.5 per cent in this fiscal.

2 Jan 2018 1:37 PM IST

The fire broke out at the Samsung Electronics Co Ltd affiliates factory in the northern Chinese city of Tianjin earlier on Wednesday and has been extinguished, a Samsung spokesman said, adding that there were no casualties or significant impact to the plants operations.

December manufacturing PMI sees fastest pace of growth in 5 years

Retail inflation in November breached the central bank's medium-term target of 4 per cent.

2 Jan 2018 11:25 AM IST

The inflationary expectations would be seeping even in the core inflation (non-food, non-fuel). Going forward, both external and internal factors would weigh on the mind of the Monetary Policy Committee of the RBI: Assocham

CPI inflation to trend higher; chances of rate hike rising

UBS expects headline CPI inflation to remain in the range of 5.1-5.6 per cent over the next few months .

26 Feb 2018 3:37 PM IST

PNB customers will have to pay charges for depositing cash above Rs 5,000 in a non-base branch even if it is located in the same city.

RBI orders changes to bank protocols after $1.8 billion fraud case

RBI ordered lenders to comply with more than two dozen items within set timelines.

24 Feb 2018 10:12 AM IST

Indias forex reserves have shot up considerably.

Forex reserves up by USD 1.96 billion to USD 421.720 billion

The reserves had touched a life-time high of USD 421.914 billion on February 9, FY18.

23 Feb 2018 6:11 PM IST

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

RBI's new NPA norms may undermine bank earnings: Fitch

The new framework's overall focus is on recognising and quickly resolving bad loans.

22 Feb 2018 3:27 PM IST

The RBI has always said monetary policy should be accompanied by fiscal policy if the wheels of the economy are to be greased. (Photo: PTI)

RBI panel warns on inflation as it monitors growth

Govt has projected growth could accelerate to 7 to 7.5 pc in 2018-19 after expanding at its slowest in 3 years.

22 Feb 2018 10:09 AM IST

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

Growth pickup halts rate hike

RBI-led MPC maintained status quo despite fears of a rise in inflation.

22 Feb 2018 6:42 AM IST

The RBI has always said monetary policy should be accompanied by fiscal policy if the wheels of the economy are to be greased. (Photo: PTI)

In June 2016 before PNB fraud, RBI warned banks of SWIFT abuse

The circular has emerged a day after the Centre said the PNB fraud was a result of failure of the RBI.

20 Feb 2018 8:54 PM IST

PNB customers will have to pay charges for depositing cash above Rs 5,000 in a non-base branch even if it is located in the same city.

Ex-PNB official used, shared passwords to help Nirav Modi

Failure to notice largest fraud in Indian banking history reveals a 'rot' in the state financial sector, said an ex-PNB...

19 Feb 2018 11:09 AM IST

The government expects a helping hand from the RBI in the form of interest rate cut in the next monetary policy review on Wednesday to boost the slowing economy. Photo: PTI

PNB fraud case: Will take 'appropriate supervisory action' says RBI

The country's 2nd largest state-run lender has been rocked by a Rs 11,400-cr fraud allegedly involving billionaire...

17 Feb 2018 8:53 AM IST