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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 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

Shaktikanta Das

Banking sector on -"course to recovery-" as NPAs recede: RBI

According to the FSR, gross NPAs ratio declined to 10.8 per cent in September 2018 from 11.5 per cent in March 2018.

31 Dec 2018 6:02 PM IST

Rafale deal has protected both security and commercial interest of India. Allegations on Rafale was fiction writing that was compromising national security, Finance Minister Arun Jaitley said. (Photo: ANI)

Govt not seeking RBI reserves to meet fiscal deficit: Jaitley

The RBI was maintaining a reserve of 28 per cent.

31 Dec 2018 5:57 PM IST

Congress president Rahul Gandhi maintained that there was massive corruption in contract and wondered why CAG report cited by SC on it had not been shared with PAC of Parliament. (Photo: ANI)

Watchman' PM looting India: Rahul's jibe at Modi over RBI report on...

Rahul Gandhi said the 'watchman' is looting India by helping his close friends, who default on hefty bank loans and flee...

31 Dec 2018 4:31 PM IST

The RBI has asked Axis Banks board to re-consider the decision to re-appoint Shikha Sharma as its MD and CEO for a fourth term.

New recovery process works

There's also a need to set up a Public Credit Registry swiftly that would offer information on a borrower's...

30 Dec 2018 12:10 AM IST

Former Reserve Bank of India governor Bimal Jalan

Former RBI governor Bimal Jalan to lead economic capital framework...

Jalan will lead a six-member committee which will review the status, need and justification of various provisions.

27 Dec 2018 11:01 AM IST

Reserve Bank of India (RBI) on Thursday directed all payment system operators in India to store data within the country.

RBI sets up panel to examine its economic capital framework

Heated discussions over the revamping of the economic capital framework led to the unexpected resignation of RBI Guv...

26 Dec 2018 9:28 PM IST

RBI Governor C Rangarajan

New RBI governor should follow his -"dharma-" to protect autonomy:...

Former RBI Governor seemed to suggest that the RBI can look at accommodating other factors if the headline inflation is...

24 Dec 2018 5:06 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.

Mint street blues

Secretaries have offered to quit rather than do something against their conscience.

23 Dec 2018 5:14 AM IST

Narendra Modi unmade India': Yaswant Sinha in no-holds-barred book

Sinha says that PM Modi's idea of self-employment is a 'distraction from the more serious issue of unemployment and...

22 Dec 2018 2:33 PM IST

Finance minister Arun Jaitley speaks during a press conference in New Delhi. (Photo: PTI)

Regulators can't work in isolation: FM on spar with RBI, ex-governor...

Government used every instrument available to our advantage to force a discussion with RBI, says finance minister.

19 Dec 2018 11:56 AM IST

Raghuram Rajan had cautioned the government that short-term costs of a radical ban of high-value currency notes would outweigh the long-term benefits. (Photo: AP) (Photo: PTI)

Transfer of excess reserve may pull down credit rating of RBI: Rajan

Highlighting that profit of the central bank largely comes due to devaluation of Indian currency.

17 Dec 2018 4:31 PM IST