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Digital transactions in October shot up to 965 million transactions, the highest ever so far. (Photo: Pexels)

RTGS system for customer transactions to open at 7 am from Aug 26: RBI

The NEFT system is used for fund transfers of up to Rs 2 lakh, and RTGS for those above this threshold.

22 Aug 2019 8:47 AM IST

Shares of DHFL were up 4.5 per cent at 128.80 rupees.

DHFL resolution: Banks may convert debt into equity, says Union Bank

DHFL owes over Rs 45,000 to banks, and the rest to other financiers including mutual funds, pension funds and insurers.

21 Aug 2019 12:31 PM IST

State Bank of India, SBI, had earlier reduced minimum balance requirement. (Photo: PTI)

Link bulk deposits to repo for effective transmission of interest...

A dozen public sector banks, including State Bank of India, have voluntarily linked their interest rates to repo.

21 Aug 2019 11:31 AM IST

Former RBI governor Raghuram Rajan on Friday said universities need to be safe spaces. (Photo: AP/File)

Economic slowdown 'very worrisome', new set of reforms needed:...

India's economic growth has slowed to 6.8 per cent in 2018-19 - the slowest pace since 2014-15.

19 Aug 2019 6:41 PM IST

The Budget has given priority to agriculture, MSME, NBFC, infrastructure and affordable housing. Reviving business confidence, private capex recovery, manufacturing, have got lower attention.

RBI rules out asset quality review of NBFCs for now

IL&FS group's failure has made banks highly risk averse to the NBFC sector, leading to a severe liquidity crunch.

19 Aug 2019 1:14 PM IST

Shaktikanta Das

Time has come for banks to link loans, deposits to repo rate: RBI Gov...

SBI was to first one to link loans and deposits to the repo rate from May and home loans from July, six other banks...

19 Aug 2019 12:40 PM IST

IL&FS declined to comment on the findings within the report.

IL&FS may not have disclosed bad loans for years: RBI report

The Indian government took control of IL&FS late last year after it defaulted on some of its debt.

15 Aug 2019 9:39 AM IST

Reserve Bank of India (RBI)

Jalan panel finalises report; suggests transfer of RBI's surplus in...

As per various estimates, the RBI has over Rs 9 lakh crore of surplus capital with it.

14 Aug 2019 5:20 PM IST

Global rating agency Fitch on Monday slashed its GDP forecast for India for FY18 saying growth has repeatedly disappointed in recent quarters.

More forced lending to NBFCs can land banks in trouble: Fitch

Earlier this month, RBI announced three major steps to encourage banks to lend more to liquidity starved NBFCs.

14 Aug 2019 4:02 PM IST

Leading public sector lenders State Bank of India (SBI) and Punjab National Bank (PNB) have put their 15 non-performing assets worth Rs 1,063 crore for sale.

SBI proposes to dilute stake in credit card business

The country's largest lender currently holds 74 per cent stake in SBI Cards & Payment Services Private Limited.

14 Aug 2019 3:58 PM IST

Global ratings agency Fitch on Monday said it is doubtful about the strength of corporate governance at ICICI Bank, amid allegations of impropriety against its MD and Chief Executive Officer Chanda Kochhar.

ICICI Bank reviews fixed deposit rates; here are the latest FD rates

Senior citizens continue to get higher interest rates than the general public.

14 Aug 2019 3:27 PM IST

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

India's bond rally fizzles on government spending fears

Indian banks have been reluctant to fully pass on the benefit of the policy rate cuts to their borrowers.

14 Aug 2019 12:19 PM IST