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The RBI has always said monetary policy should be accompanied by fiscal policy if the wheels of the economy are to be greased. (Photo: PTI)

RBI may cut key policy rates by 25 bps in August: report

RBI MPC to look through jump in inflation to 5.8 per cent in June, as it is driven by base effects of last year's 1.5...

14 March 2018 2:11 PM IST

Reserve Bank of India

After PNB fraud, RBI bans use of Letter of Undertakings for overseas...

RBI said the decision to discontinue practice of LoUs and LoCs for trade finance comes into force with immediate effect.

13 March 2018 7:17 PM IST

Banks will have to make changes in the existing infrastructure which would be a huge challenge for the banks.(Representational Image)

Banks' gross NPAs at Rs 8.41 lakh crore in December

The highest amount of gross NPAs was for country's largest lender SBI at Rs 2,01,560 crore.

10 March 2018 11:56 AM IST

Bharti Airtel is largest telecom operator in terms of subscriber base. (Photo: AFP)

RBI imposes Rs 5 crore penalty on Airtel Payments Bank

RBI imposed penalty on Airtel Payments Bank for violating operating guidelines and KYC norms.

10 March 2018 10:54 AM IST

Reserve Bank of India, RBI, is a banking regulator. It also calculates and fixes repo rate. (Photo: AFP)

RBI turns up heat on lenders after USD 2 billion loan fraud

RBI had asked banks to connect SWIFT interbank messaging system with their core banking software by April 30.

10 March 2018 10:38 AM IST

Reserve Bank of India, RBI, is a banking regulator. It also calculates and fixes repo rate. (Photo: AFP)

RBI may hike repo rate by 0.25 per cent in 2018: report

The key repo rate at which it lends to the system stands at 6 per cent currently.

9 March 2018 5:22 PM IST

PNB has suspended 10 officers over the scam and referred the matter to CBI for investigation. (Photo: PTI)

PNB may be given 1 year to provision against Rs 12,646 cr fraud

Bank has written a letter to banking sector regulator seeking its opinion on making provisions for fraud.

9 March 2018 11:29 AM IST

Bandhan Bank plans to open another 60 branches over the next six months, said MD and CEO Chandra Shekhar Ghosh. Photo: Bandhan Bank website.

Bandhan Bank to launch up to USD 689 million IPO next week

In the IPO, Bandhan bank will sell up to 97.7 million new shares.

8 March 2018 1:21 PM IST

SBI Cards is also in the process of speeding up customer acquisition process by reducing the delivery period so that more and more people are added to the network.

RBI slaps Rs 40 lakh penalty on SBI for flouting counterfeit notes...

RBI found deficiencies on SBI's part in regulatory compliance with counterfeit notes regulations.

8 March 2018 11:27 AM IST

At present, IPPB will leverage the DOP ATMs for its banking operations, which are already connected with network of ATMs of other banks.

All 650 India Post Payments Bank branches by April: Sinha

India Post received permit from Reserve Bank of India on January 20, 2017 to roll out payments bank.

7 March 2018 5:05 PM IST

PNB customers will have to shell out money beginning October if they carry out more than five transactions a month from the banks ATMs.

Missed warnings - How watchdogs failed to spot USD 2 bn PNB fraud

RBI set a April 30 deadline for integrating banks' internal software and SWIFT.

6 March 2018 12:26 PM IST

The RBI has always said monetary policy should be accompanied by fiscal policy if the wheels of the economy are to be greased. (Photo: PTI)

RBI slaps Rs 3 crore penalty on Axis Bank, 2 crore on IOB

RBI carried out a statutory inspection of Axis Bank with reference to its financial position as on March 31, 2016.

6 March 2018 10:48 AM IST