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Reserve Bank of India (RBI)

RBI slaps Rs 7 cr penalty on SBI for violating various norms

The penalty has been imposed on the bank for non-compliance of income recognition and asset classification (IRAC) norms.

16 July 2019 8:54 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.

RBI to come out with mobile app for currency notes identification

RBI has been sensitive to the challenges faced by the visually challenged in conducting their day to day business with...

15 July 2019 9:43 AM IST

The rupee may trade in Rs 68.50-70.50/$1 range in the week to May 24 compared to Rs 69.80-70.92/$1 range in the previous week, a poll of 12 foreign exchange dealers showed on Monday.

RBI to come out with mobile app for currency notes identification

RBI said identification of banknote denomination is key to successful completion of cash transactions by visually...

14 July 2019 7:36 PM IST

Allahabad Bank on Saturday became the second state-owned bank to report a major alleged fraud by bankrupt steelmaker Bhushan Power & Steel Ltd this month, adding to concerns about a banking industry burdened with bad debts. (Photo: Allahabadbank.in)

After PNB, Allahabad Bank reports Rs 1,700 crore fraud by indebted...

Allahabad Bank said in a statement that it had told the RBI that it had identified a fraud worth over Rs 1,700 crore in...

14 July 2019 10:33 AM IST

The inflationary expectations would be seeping even in the core inflation (non-food, non-fuel). Going forward, both external and internal factors would weigh on the mind of the Monetary Policy Committee of the RBI: Assocham

Inflation likely rose in June, but below RBI target: report

The fiscal deficit target for this financial year was reduced to 3.3 per cent from 3.4 per cent.

9 July 2019 11:59 AM IST

Reserve Bank of India (RBI)

RBI buys 5.6 t gold in April

The RBI started purchasing gold in small quantities from December 2017 after a gap of eight years.

9 July 2019 3:36 AM IST

The Nirav Modi fraud-hit Punjab National Bank (PNB) led the pack with the largest amount of NPAs worth Rs 86,620 crore during 2017-18.

PNB says detects 38-billion rupee fraud

PNB has been defrauded of over USD 2 billion in a separate scam that came to light last year.

8 July 2019 8:45 AM IST

A USD 2 billion fraud at Indias Punjab National Bank (PNB) may have been orchestrated by a few rogue employees, but it escaped detection because of widespread risk-control and monitoring lapses in many areas of the bank, the banks own internal probe has found.

Forensic audit found Rs 3,800 crore fraud, says Punjab National Bank

The PNB has been defrauded of over Rs 13,000 crore in a separate scam that came to light last year.

7 July 2019 10:14 AM IST

The big new tech news recently has been the launch of Libra; a Block-chain-based payment system and currency unit promoted by Facebook.

The mystery coin

Libra is very very far from a proper Crypto currency structure.

7 July 2019 8:31 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.

Budget 2019 puts onus on RBI to spur growth

In the fourth quarter of the fiscal year to last March 31, economic growth slumped to 5.8 per cent, the slowest pace in...

6 July 2019 12:24 PM IST

Indias forex reserves have shot up considerably.

Forex reserves hit new high of USD 427.67 billion

In the previous reporting week, the reserves had surged by USD 4.215 billion to USD 426.42 billion.

5 July 2019 7:45 PM IST

The move is aimed at not only freeing up capital for banks for further lending but also slash borrowing costs for well-rated NBFCs. (Photo: ANI)

Budget 2019: Govt to provide credit guarantee to PSBs to buy NBFC...

The NBFC sector is currently undergoing a liquidity hurdle with a spate of defaults of companies.

5 July 2019 3:06 PM IST