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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)

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

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

$Midsize private sector lender Yes Bank is aiming to evolve itself into a \technology company in the business of banking\ and has accordingly announced a rejig of its senior management.$ Business

RBI slaps Rs 1 cr fine on Yes Bank for non-compliance in Swift...

Swift is the global messaging software used for transactions by the financial entities.

5 March 2019 11:06 AM IST

Business

RBI imposes Rs 8 crore fine on 3 banks for non-compliance in Swift...

RBI levied an aggregate penalty of Rs 40 million on the bank for delayed implementation of four of the Swift related...

5 March 2019 9:35 AM IST

Business

India Inc foreign borrowing down 45 per cent at USD 2.42 bn in January

Of the total borrowings during the month, USD 2.27 billion was raised through the automatic route of the ECBs.

4 March 2019 2:50 PM IST

Forex dealers said that there was a higher opening in domestic equity market

Business

FPI net inflows in stocks hit 15-mth high of Rs 17,220 crore in...

Foreign portfolio investors had pumped in a net amount of around Rs 19,728 crore into Indian stocks in November 2017.

3 March 2019 11:26 AM IST

Union Bank of India Ltd reported on Thursday a 25.83 billion-rupee net loss for its fourth quarter.

Business

Union Bank reduces lending rates by 10 bps

The bank has set the new six month MCLR at 8.50 per cent and two year at 8.70 per cent.

2 March 2019 12:29 PM IST

$Midsize private sector lender Yes Bank is aiming to evolve itself into a \technology company in the business of banking\ and has accordingly announced a rejig of its senior management.$ Business

Yes Bank shares gain nearly 3 per cent as Ravneet Gill becomes MD,CEO

The stock gained 2.68 per cent to close at Rs 237.40 on BSE.

1 March 2019 4:45 PM IST