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Finance Minister Arun Jaitley speaks in the Rajya Sabha in New Delhi. (Photo: AP)

Banks restructure corporate loans of Rs 2.04 lakh cr in FY17

Amount of corporate loans restructured by lenders has seen a decline in the last three financial years.

1 Aug 2017 6:32 PM IST

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

RBI's bi-monthly MPC meet begins, 25 bps cut in repo rate likely

The central bank is meeting on August 1 and 2, which is third such meeting this year.

1 Aug 2017 3:12 PM IST

Minister of State for Finance Arjun Ram Meghwal.

Notes in circulation at 86 pc of pre-note ban level: Meghwal

RBI has made arrangements for supply of adequate banknotes in various denominations.

4 Aug 2017 5:06 PM IST

Finance Minister Arun Jaitley speaks in the Rajya Sabha in New Delhi. (Photo: AP)

Bad loan resolution to start shortly, RBI to take up more

RBI has already identified top 12 loan defaulters and more cases will be taken up by them for resolution.

3 Aug 2017 7:24 PM IST

Finance Minister Arun Jaitley (Photo: PTI)

Interest rates to slowly become reasonable: Arun Jaitley

Jaitley also says LIC has come out with a pension scheme to offer fixed rate of interest to investors.

3 Aug 2017 6:20 PM IST

Finance Minister Arun Jaitley speaks in the Rajya Sabha in New Delhi. (Photo: AP)

Jaitley defends SBI decision to cut saving account interest rate

SBI to cut interest rate on saving accounts with less than Rs 1 cr deposit to 3.5 per cent from 4 per cent.

3 Aug 2017 1:27 PM IST

RBI has also reported that the general public has withdrawn Rs. 1,03,316 crore from their accounts either over the counter or through ATMs during this period.

Rate cut is an important step for growth: Centre

The government had been pitching for a rate cut to boost economic growth amid retail inflation falling to a historic low...

3 Aug 2017 3:45 AM IST

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.

RBI rate cut: Time for govt to act now

On the growth of the economy it is a good sign that the RBI has maintained the real GDP growth for 2017-18 at 7.3 per...

3 Aug 2017 12:00 AM IST

The decline in retail inflation has been mainly on account of falling prices of vegetables and pulses.

July retail inflation seen picking up for first time in 4 months

Consumer price index main policy target of the RBI, likely rose 1.87 per cent in July from a year earlier.

14 Aug 2017 12:38 PM IST

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

FPIs stay bullish on debt, pump in Rs 10,000 cr in Aug

Total investment in debt markets has reached over Rs 1.24 lakh crore (USD 19 billion) this year.

13 Aug 2017 11:45 AM IST

The growth of Indias services sector, which was highly resilient even during the global financial crisis, has come down to 7.7% in 2016-17.

7.5 per cent growth target is difficult: Economic Survey-2

Survey criticises RBI for wrong inflation prediction, and consequently keeping interest rates high.

12 Aug 2017 2:46 AM IST

RBI has also reported that the general public has withdrawn Rs. 1,03,316 crore from their accounts either over the counter or through ATMs during this period.

Less active accounts got Rs 1.7 lakh-crore, says RBI

Extra deposits estimated to be Rs 4.3 lakh-crore.

12 Aug 2017 3:42 AM IST