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There are allegation that from November 15 to November 18, the bank manager had issued 149 demand drafts for amounts less than Rs 50,000 in favour of a Pune-based finance company in violation of RBI guidelines.

Few credit channels missing in RBI data

During the week to August 4, there was an incremental credit degrowth of Rs 1.1 trillion, according to the RBI data.

21 Aug 2017 3:54 AM IST

Finance Minister Arun Jaitley (Photo: PTI)

NPA resolution not to liquidate cos, but to help save them: Jaitley

Gross NPAs have crossed 9.6 per cent as of March 2017 while stressed loans ratio is over 12 per cent.

19 Aug 2017 1:48 PM IST

Finance Minister Arun Jaitley and RBI governor Urjit Patel at an undated event. (Photo: PTI)

Give more funds to banks to end bad loans crisis: Patel

Patel says extra funds could be raised at market and through govt diluting its stake in state-run banks.

19 Aug 2017 1:14 PM IST

Reserve Bank Governor Urjit Patel. (Photo: PTI)

NPA resolution: RBI chief calls for recapitalisation of banks

Gross NPA ratio of the banking system at 9.6 per cent and stressed advances ratio at 12 per cent as of March 2017.

19 Aug 2017 1:13 PM IST

New notes will have designs and geometric patterns aligning with the overall colour schemes, both at the obverse and reverse. (Photo: PTI)

RBI to issue new fluorescent blue Rs 50 notes

New note having dimension of 66 mm X 135 mm will bear the year of printing on the reverse side.

18 Aug 2017 8:18 PM IST

The e-filing facility for ITR-1, which is to be enabled from April 1, will have an online tax calculator and ITRs can be filed till the stipulated deadline of July 31.

India will benefit from growing tax revenue in FY2018: DBS

As of April-July, direct taxes were up 19 per cent Year on-Year and indirect up 16 per cent (April-June).

18 Aug 2017 1:13 PM IST

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

Rate cut to boost private investment: Urjit Patel

The 0.25 per cent lowering of the repo rate to 6 per cent comes after a 10-month pause.

2 Aug 2017 7:21 PM IST

FPIs had invested over Rs 20,000 crore in the capital market in September 2016.

RBI proposes Rs 5,000 cr separate IRF investment window for FPIs

FPI limit for govt securities is fungible between investments in securities and investment in bond futures.

2 Aug 2017 6:57 PM IST

According to a study by one participant, over 4.6 lakh of the citys nearly 42 lakh houses (10.5 per cent) are lying vacant.

'RBI rate cut to boost housing sales this festive season'

Reduction in Repo rate will push the banks to further reduce the lending rates.

2 Aug 2017 6:20 PM IST

Wholesale Price Index or wholesale inflation is also down in June.

RBI to keep retail inflation near 4 pc on 'durable basis'

Retail inflation may rise in near term due to pay commission payouts and price adjustments post GST rollout.

2 Aug 2017 4:56 PM IST

Economic Affairs Secretary Subhash Chandra Garg, (Photo credit: World Bank)

RBI rate cut important step for sustained growth: Finance Ministry

Monetary policy statement was arrived after a two- day meeting of the MPC headed by RBI Governor Urjit Patel.

2 Aug 2017 4:36 PM IST

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

RBI cuts key rate by 0.25 per cent; to lower home, auto EMIs

This is the first rate cut since October 2016 and the interest rate is now at 6-year low.

2 Aug 2017 3:01 PM IST