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Punjab National Banks Mumbai had issued nearly 150 fraudulent letters of undertaking to Nirav Modi and his associates.

Fraud casts doubts on banks

Analysts say PNB episode expands risk areas for banks; claim PSBs use faulty procedure.

16 Feb 2018 8:04 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)

RBI says ready to inject more cash into banks by March-end

RBI will also allow standalone primary dealers to avail term repo auctions on March 28.

15 Feb 2018 4:46 PM IST

Wholesale inflation in the month of October soared to 3.59 per cent on the back of food and fuel prices. (Photo: PTI)

WPI inflation eases to 6-month low of 2.84 per cent in January

Inflation on food articles slowed to 3 per cent in January, from 4.72 per cent in December 2017.

15 Feb 2018 12:36 PM IST

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

RBI's new norms to speed up resolution of stressed assets

Gross NPAs of public sector and private sector banks as on Sept 30, 2017 were Rs 7,33,974 cr, Rs 1,02,808 cr...

13 Feb 2018 4:33 PM IST

Assocham president Sandeep Jajodia also urged the Centre that the NPA norms on getting the account classified under non-performing asset category for core sectors should be extended from 90-days to 180-days. (Photo:PTI)

Balancing farmers', consumers' interests a tight rope walk: ASSOCHAM

RBI said that inflation outlook beyond current year is likely to be shaped by several factors, including crude prices.

13 Feb 2018 12:50 PM 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

RBI may cut rates by 25 bps in August: report

RBI kept key policy rate unchanged at 6 pc for third consecutive time on Feb 7 in view of firming inflation.

13 Feb 2018 12:03 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 sets 180-day timeline for banks to settle bad loans

In 2017, the RBI ordered banks to force roughly 40 of the biggest corporate loan defaulters into bankruptcy proceedings.

13 Feb 2018 8:27 AM IST

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

'Growth to rebound to 7.5 pc in FY19; slim chance of rate hike'

Inflation will cool down to 5 per cent for January from 5.2 per cent in December.

12 Feb 2018 5:17 PM IST

Centre could look at creating a scaffolding by distancing itself from management of banks through the creation of a Bank Holding Company which could assume the entire government stake in banks.

Potential stressed asset accounts on decline: report

For public banks, overall SMA book has declined to 5.3 per cent of loans in second quarter of 2017-18.

12 Feb 2018 2:35 PM IST

Finance Minister Arun Jaitley said the new process would be finalised in the next meeting of the GST Council after a written formulation is circulated to the states. (Photo: Twitter | ANI)

Fiscal situation should be comfortable next financial year: Jaitley

Finance minister in Budget 2018-19 projected a higher fiscal deficit of 3.5 per cent of GDP for current fiscal.

12 Feb 2018 11:02 AM 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.

15 months after note ban, RBI still processing returned notes

RBI said Rs 15.28 lakh crore, or 99 per cent of the demonetised notes, had returned to the banking system.

12 Feb 2018 10:45 AM IST

With a recovery in private capex, Morgan Stanley expects Indias GDP growth to accelerate from 6.7 per cent in FY18 to 7.5 per cent in FY19 and further to 7.7 per cent in FY20.

Experts predict RBI rate hike in 2018 last quarter

They say the rate spread between policy rate and government bond yield has risen to 150 basis point.

12 Feb 2018 1:10 AM IST