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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\.Business
Economic Affairs Secretary Chakraborty nominated on central board of...

The nomination of Atanu Chakraborty is effective from July 29 and until further orders, RBI said.

30 July 2019 7:12 PM IST

Indias GDP growth forecast for the current fiscal to 7 per cent from 7.4 per cent.Business
Nomura: June GDP to print in at 5.7 pc on demand slump, NBFC mess

Economy lost the verve and slipped to five-year low of 5.8 per cent in the March quarter.

30 July 2019 2:48 PM IST

MobiKwik said it had started offering wallet-to-wallet transfers, though not all rivals were on board.Business
RBI slaps Rs 26 lakh fine on Mobikwik, Hip Bar for violating norms

These two prepaid payment instrument issuers have been levied monetary penalty for non-compliance of regulatory...

30 July 2019 9:05 AM IST

Former Reserve Bank of India governor Bimal JalanBusiness
Higher tax for high earners may trigger fund flight: ex-RBI governor

Analysts and traders say this has been a major reason for foreign investors being net sellers from Indian equity...

29 July 2019 8:22 PM 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\.Business
RBI report on development of secondary market for corporate loans...

RBI is also likely to release another report on housing finance securitisation by August-end.

28 July 2019 1:24 PM IST

Economic Affairs Secretary Shaktikanta DasBusiness
Bank lending to non-bank firms set to gather pace: RBI governor

RBI was closely monitoring top 50 NBFCs, and had a good understanding of cash flows of these firms, said Shaktikanta...

26 July 2019 1:30 PM IST

Finance MinistryBusiness
PMO asks FinMin to conduct detailed study on issuance of overseas...

India's sovereign external debt-to-GDP level is among the lowest globally at less than 5 per cent.

26 July 2019 9:11 AM IST

Governor Shaktikanta DasBusiness
RBI to cut rates again in August as doves prevail: Report

India is now forecast to grow in the range of 6.3 per cent to 7.2 per cent each quarter through to end-March 2021.

25 July 2019 11:48 AM IST

One of the most important sectors from which bank generate its income is through the Home Loan department.Business
How SBI, ICICI Bank cut MCLR will affect your home loans EMIs? read

A cut of 5-10 bps will not take down home loan interest rate instantly for the existing home loan borrower.

24 July 2019 1:21 PM IST

Deputy governor Viral Acharya today said the switch to GDP is mainly to conform to international standards.Business
RBI rejigs portfolios of deputy governors following Acharya's exit

The RBI, headed by Governor Shaktikanta Das, has four deputy governors.

24 July 2019 10:18 AM IST

Digital finance also offers major technological and infrastructure challenges. Sparse populations, inconsistent network coverage, insufficient capital for building new business models and customers lack of trust and comfort with technology can stand in the way of success, particularly in remote or undeserved communities.India
India is making rapid strides in digital finance

In contrast to digital financial systems, physical channels are prohibitive for even low-income populations.

24 July 2019 1:55 AM IST

Viral AcharyaBusiness
Outspoken Dy Governor Viral Acharya ends his RBI stint

Acharya will be most remembered for speaking his mind on protecting the autonomy of the RBI.

23 July 2019 8:03 PM IST

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