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Bank re-iterated that it continues to give utmost importance to regulatory compliance and endeavors to meet supervisory expectations. (Photo: ANI)

ICICI issues clarification on penalty by RBI

RBI has imposed a penalty on the Bank for continued sale of government securities classified as HTM.

30 March 2018 9:48 AM IST

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

FinMin asks RBI to help ease industry troubles post LoU ban

Letters of credit and bank guarantees will continue upon meeting certain conditions.

30 March 2018 9:35 AM 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 58.9cr fine on ICICI Bank

The bank said it continued with the sales from HTM category for a few weeks during the quarter ended March 31, 2017.

30 March 2018 12:47 AM IST

ICICI Banks USD 7.5 billion global medium-term notes programme.

RBI imposes Rs 59 cr fine on ICICI Bank for violating securities sale...

The RBI allows banks to sell securities from HTM subject to certain limits and disclosure rules.

29 March 2018 2:30 PM IST

Reverse side will bear the picture of Takht Shri Harimandir Ji Patna Sahib in the centre.

Rs 350 coin to mark birth anniversary of Guru Gobind Singh

Coin with standard weight of 35 gram will have 50 per cent silver, 40 per cent copper and 5 per cent each of nickel and...

29 March 2018 10:21 AM 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)

Banks anticipate tough Q4 as RBI tightens NPA norms

State Bank of India and PNB has deposited significantly lower advance tax during the quarter.

28 March 2018 3:50 PM IST

Inflation based on the Wholesale Price Index was 0.90 per cent in June 2017 and 0.63 per cent in July 2016.

Inflation fears overdone; rate cut likely in August: report

Inflation risks are overdone and March inflation is likely at 4.2 per cent, down from December's 5.2 per cent.

28 March 2018 2:25 PM IST

Higher opening in domestic stock market limited rupee losses. (Photo: PTI).

India bonds gain sharply on surprise cut in govt borrowing

The 10-year bond yield dropped to as much as 7.3565 per cent from 7.62 per cent, its lowest since January 29.

27 March 2018 12:07 PM IST

Reserve Bank on Thursday tightened the rules to discourage use of virtual currencies like Bitcoins.

India's cryptocurrency investors bet trading will survive bank ban

Cryptocurrency transactions, trading volumes have surged dramatically alongside a sharp rally in prices.

4 May 2018 12:48 PM IST

State-owned Punjab National Bank (PNB) has hired lawyers to represent itself in the bankruptcy proceedings of the US-based Firestar Diamond.

Hong Kong regulator enhances supervision of PNB's HK branch

The scam was perpetrated by way of fraudulent LoUs generated in the name of Punjab National Bank.

13 Jun 2018 1:55 PM IST

RBI Governor Urjit Patel at a press conference after the monetary policy review meeting in Mumbai. (Photo: PTI)

RBI seeks more powers to ably regulate PSBs

The total NPAs of all banks (including private) were Rs 8.99 lakh crore.

13 Jun 2018 8:41 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

May inflation likely to hit four-month high on oil price surge: report

Consumer price inflation is likely to have accelerated in May, due in large part to a rise in fuel inflation.

11 Jun 2018 11:24 AM IST