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The Reserve Bank last month put IDBI Bank under watch by initiating Prompt Corrective Action against it.Business
RBI categorises IDBI Bank as private sector lender

IDBI Bank has been categorised as a private sector lender following acquisition of majority stake by LIC, RBI said.

14 March 2019 6:49 PM IST

As per the Central Statistics Office (CSO) data inflation in vegetables contracted by 2.19 per cent last month, compared to 7.8 per cent in June.Business
WPI inflation rises to 2.93 per cent in February

WPI based inflation stood at 2.76 per cent in January, 2019. WPI inflation stood at 2.74 per cent during February 2018.

14 March 2019 12:34 PM IST

Reserve Bank of India (RBI) on Thursday directed all payment system operators in India to store data within the country.Business
RBI to inject liquidity worth USD 5 billion into system

Under the swap auction, minimum bid size would be USD 25 million and in multiples of USD 1 million thereafter.

14 March 2019 9:18 AM IST

Reserve Bank of India (RBI) on Thursday directed all payment system operators in India to store data within the country.Business
Pvt manufacturing firms posted 24.9 pc growth in net profit in Q3: RBI

The companies posted a net profit of Rs 77,500 crore in the third quarter of the fiscal compared to Rs 57,800 crore in...

13 March 2019 6:44 PM IST

The needless controversy between the government and the RBI is a direct consequence of economists without any practical experience in administering policies at a high level being inducted to executive positions.Business
RBI to infuse Rs 12,500 crore via OMOs on Thursday

The purchase will happen through multi-security auction using the multiple price method.

13 March 2019 8:24 AM IST

As per the data, food inflation basket contracted to 0.56 per cent in January, negative growth second time in a row.Business
Consumer inflation rises to 2.57 per cent in February

Consumer inflation in January was re-examined downwards to 1.97 per cent from 2.05 per cent, as per an official...

12 March 2019 6:29 PM IST

The agenda going forward is clear: The banks have to regain the confidence of investors so that they can raise funds from the capital markets and not be dependent on government. (Representational image)Business
Competition for deposits to rise

The PCA framework had restricted public sector banks to lend and thereby led to a lower focus from them on deposit...

12 March 2019 1:59 AM IST

With multiple agencies probing the alleged Rs 13,000-crore fraud at state-run Punjab National Bank, the Reserve Bank of India (RBI) says it has conducted its scrutiny and the matter is currently under examination for \enforcement action\.India
RBI warned noteban's short-term impact; no effect on black money

The board had met just two-and-a-half hours before PM Modi's announcement of demonetisation to the nation.

11 March 2019 4:53 PM IST

The bag contained Rs 500 and Rs 1000 currency notes, which were demonetised by the government earlier this month.Business
RBI says no data on demonetised 500, 1,000 notes used at petrol pumps

In reply to the RTI query, the RBI said: "information on (invalidated) notes used for paying utility bills is not...

10 March 2019 1:02 PM IST

The needless controversy between the government and the RBI is a direct consequence of economists without any practical experience in administering policies at a high level being inducted to executive positions.Business
RBI slaps penalties on 36 major banks for non-compliance in SWIFT...

Reserve Bank of India has imposed penalties worth Rs 71 crore on 36 public, private and foreign banks.

9 March 2019 10:51 AM IST

The needless controversy between the government and the RBI is a direct consequence of economists without any practical experience in administering policies at a high level being inducted to executive positions.Business
RBI notifies 2 pc interest subsidy scheme for short-term crop loans

Under the scheme, an additional 2 per cent interest subvention is provided to farmers repaying loans promptly.

8 March 2019 10:57 AM IST

Indias GDP growth forecast for the current fiscal to 7 per cent from 7.4 per cent.Business
First time ever: Govt to come out with Rs 20 coins

The face of the new Rs 20 coin shall bear the 'Lion Capitol of Ashoka Pillar' with 'Satyameva Jayate' inscribed below.

7 March 2019 1:46 PM IST

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