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Twenty-one banks, majority owned by New Delhi, account for more than two-thirds of the banking assets in Asias third-biggest economy.

Large banks may absorb weak ones under RBI lens

Of 21 PSBs, 11 are under prompt corrective action framework of the Reserve Bank of India.

31 Aug 2018 8:53 AM IST

Reserve bank of India

RBI DeMo report: Fix responsibility

It is common knowledge that people with unaccounted cash don't stash it in mattresses but park it in sectors like real...

31 Aug 2018 12:57 AM IST

The number of higher denomination of new Rs 500 and Rs 2,000 notes stood at 1.7 billion.

Demonetisation all pain and no gain

RBI in its annual report for 2017-18 said counting the demonetised notes is over.

30 Aug 2018 9:47 AM IST

The share price of SBI slumped 3.79 per cent to close at Rs 304.45 as the quarterly numbers were below what the market participants had anticipated.

Sbi study says fake notes are on the way

It said that there was a noticeable increaseâ€ in counterfeit notes detected in the denomination of new Rs 500.

30 Aug 2018 1:42 AM IST

The accused connived with the owners of private firms and allowed depositing demonetised currency notes worth around 82.50 crore in the banks currency chest.

99.3 per cent of demonetised currency returned to banks: RBI

The total SBNs returned from circulation is Rs 15,310.73 billion.

29 Aug 2018 12:18 PM IST

Indian economy, GDP, slipped to a record low rate in August. (Photo: AP)

Economy seen growing at steady 7.6 per cent pace in April-June: report

Retail inflation rate slowed in July to a four-month low of 4.17 pc, slightly above the central bank's 4 per cent...

29 Aug 2018 10:44 AM IST

Mishra, a Delhi School of Economics alumnus, did her PhD and M Phil in economics from Columbia University. (Photo: Screengrab YouTube)

Goldman Sachs appoints Prachi Mishra as chief India economist

Mishra was the deputy division chief of the Western Hemisphere Department at the International Monetary Fund (IMF).

27 Aug 2018 2:08 PM IST

Gandhi claimed that the SC/ST Prevention of Atrocities Act has been destroyed and scholarships have been discontinued. (Photo: PTI)

Judiciary, EC, RBI being 'torn apart' under BJP govt: Rahul Gandhi in...

Gandhi said the prime minister insulted every Indian by saying that no development activity happened in the last 70...

26 Aug 2018 6:07 PM IST

The Monetary Policy Committee (MPC), headed by RBI Governor Urjit Patel, started its 2-day meeting on Wednesday.

Banks with over 10 branches to have internal ombudsman: RBI

The internal ombudsman scheme was introduced by the RBI to strengthen the internal grievance of banks.

4 Sept 2018 9:53 AM IST

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

RBI staff's 2-day mass leave deferred

The forum had threatened that if the issue lingers then they would resort to flash strike for two days.

4 Sept 2018 9:25 AM IST

Prime Minister Narendra Modi

Did Nov 2016 demonetisation achieve anything?

The question that should matter most now is whether the incidence of black moneyâ€ in our economy has come down.

4 Sept 2018 12:30 AM IST

The SBI has announced the launch of its UK subsidiary, SBI (UK) Limited, with an initial capital commitment of 225 million pounds from its parent entity.

SBI hikes benchmark lending rate by 0.2 per cent

State Bank of India has increased the lending rate by 20 basis points across all tenors up to three years.

1 Sept 2018 11:19 AM IST