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Paytm, digital wallet provider, has started its own payments bank. (Photo: AFP)

Paytm adds over 120,000 physical KYC points in India

RBI's new guidelines say all prepaid instruments need to ensure their customers are KYC-enabled.

25 Oct 2017 5:22 PM IST

Finance Minister Arun Jaitley with RBI governor Urjit Patel at an event. (Photo: PTI)

Banks' recap safeguards India's economic future: Patel

RBI governor adds later a comprehensive policy would be put in place to address challenges faced by banking sector.

25 Oct 2017 2:47 PM IST

IDFC Limited on Thursday registered a growth of over 65.2 per cent in consolidated net profit at Rs 299.40 crore for Q1.

RBI imposes USD 20 million penalty on IDFC Bank

Monetary penalty on IDFC Bank for contravention of regulatory restrictions pertaining to loans and advances.

24 Oct 2017 8:25 PM IST

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

FPIs infuse USD 2 billion in debt markets this month

FPIs however pulled out Rs 3,408 crore from equities on account of profit booking during this period.

22 Oct 2017 1:40 PM IST

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

RBI to empanel ad agencies for multi-media work

The scope of work of empanelled agencies would also encompass production of TV spots/radio jingles.

22 Oct 2017 12:38 PM IST

Banks will have to make changes in the existing infrastructure which would be a huge challenge for the banks.(Representational Image)

Banking sector stares at additional Rs 40,000 crore NPAs

Total outstanding loan of these accounts at the end of June 2017 were about Rs 42,000 crore.

22 Oct 2017 12:32 PM IST

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

India's GVA growth may rise to 6.3 pc in Sep quarter: Nomura

For this financial year Nomura expects a GVA growth of 6.4 per cent, slightly lower than the RBI's forecast of 6.7 per...

22 Oct 2017 11:17 AM IST

A man gets his retina scan done at an Aadhaar enrollment centre. (Photo: PTI)

Aadhaar linkage with bank accounts must: RBI

Central bank denies media reports and cites Official Gazette published on June 1, 2017.

21 Oct 2017 4:54 PM IST

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

MPC minutes: Bleak chances of rate cuts in Dec, says Nomura

The Reserve Bank released the minutes of the October 4 policy meeting on Wednesday.

19 Oct 2017 5:16 PM IST

The government last year relaxed FDI norms in over a dozen sectors

India Inc's investment in foreign units falls 39 per cent in Sept

In August 2017, India Inc had invested USD 1.34 billion in their overseas ventures.

17 Oct 2017 3:49 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.

Need stronger bank balance sheets to tackle NPAs: N S Vishwanathan

As on March 2017, gross NPAs of banks was 10 per cent of total exposure, mostly in public sector.

13 Oct 2017 6:21 PM IST

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

UBS sees 0.5 per cent fiscal slippage on stimulus, lower revenues

As of August, the government has already touched 96.1 per cent of its full year fiscal deficit.

13 Oct 2017 3:09 PM IST