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The RBI has asked Axis Banks board to re-consider the decision to re-appoint Shikha Sharma as its MD and CEO for a fourth term.

RBI likely to raise interest rates in August: DBS

MPC will begin its three-day meeting on July 30 and announce its decision on the third bi-monthly policy.

13 July 2018 3:17 PM IST

Domestic investors were reluctant to expand their portfolios ahead of the RBIs monetary policy review, brokers said.

States fail to meet fiscal targets for third year: RBI

Decline in states' tax revenues is essentially associated with pending accounting issues related to GST implementation.

13 July 2018 9:06 AM IST

With this investment, Singtels total stake (along with its affiliates) in Bharti Telecom will increase to 48.90 per cent. Singtel currently holds 47.17 per cent stake in Bharti Telecom. This will lead to an increase of Singtel economic interest in Bharti Airtel by 0.9 percentage points to 39.5 per cent. (Photo: PTI)

Airtel Payments Bank gets RBI, UIDAI nod to resume taking new...

The company had denied any wrong doing and streamlined its processes to comply with the regulations.

12 July 2018 12:49 PM IST

Reserve Bank of India (RBI) on Thursday directed all payment system operators in India to store data within the country.

India proposes easing local data storage rules for foreign payment...

RBI would compel global payment firms to store customer data only locally.

12 July 2018 8:55 AM IST

Union minister Piyush Goyal borrowed the phrase to hit back at the Congress chief for a tweet targeting him over corruption allegations. (Photo: File)

Act firmly to clean banks

Some politicians think banks are their piggy banks to be used to further their own agenda.

5 July 2018 12:17 AM IST

The finance ministry is considering writing to markets regulator Sebi seeking relaxation for certain state-owned firms from meeting the minimum 25 per cent public shareholding norm.

Sebi tightens norms for listed banks on bad loan disclosures

The decision has been take in consultation with the RBI, the Sebi said in a circular.

31 Oct 2019 5:43 PM IST

Asserting that all its loans are fully secured, suspended PMC Bank managing director Joy Thomas stated that one large account - HDIL - was the sole reason for the present crisis that led to the regulatory action on Tuesday. (Photo: PTI)

PMC depositors protest outside RBI office seeking payback

Five persons, including HDIL promoters and bank's top management, have been arrested.

29 Oct 2019 5:48 PM IST

Indias forex reserves have shot up considerably.

Forex reserves cross USD 440 billion mark, up by USD 1.04 billion

The value of the gold reserves increased by USD 82 million to USD 26.861 billion for the week, the RBI said.

25 Oct 2019 7:55 PM IST

The RBI minutes from October policy review underscored the monetary policy committee members unanimous decision to keep rates lower.

RBI may cut rates in December: report

A modest overshoot in recent inflation outruns is outweighed by downside risks to RBI's growth estimates.

24 Oct 2019 1:10 PM IST

The country also figured among the top 10 performers on the list for the third time in a row. (Representational Image)

India moves up 14 spots to 63 on World Bank's ease of doing business...

New Zealand, Singapore and Hong Kong topped the list this year.

24 Oct 2019 8:13 AM IST

Ravinder Rana, Chief Medical Superintendent of the district hospital said, We tried to resuscitate his breathing but there was no response from him as he was brought dead here. (Photo: Representational)

PMC depositor dies after being unable to withdraw funds for heart...

The victim, Murlidhar Dharra, 83, had as much as Rs 80 lakh in deposits with PMC Bank but could not withdraw money due...

19 Oct 2019 8:52 AM IST

Asserting that all its loans are fully secured, suspended PMC Bank managing director Joy Thomas stated that one large account - HDIL - was the sole reason for the present crisis that led to the regulatory action on Tuesday. (Photo: PTI)

Omission of irregularities in PMC bank working will be probed: Mumbai...

In this case, the loans were not shown in the name of HDIL but were shown in the accounts of different names.

17 Oct 2019 8:59 AM IST