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Banks will have to make changes in the existing infrastructure which would be a huge challenge for the banks.(Representational Image)

Insolvency and Bankruptcy Code explained

IBC that was passed in May 2016 replaced three existing laws on insolvency and bankruptcy.

13 July 2017 3:14 PM IST

Th citys ATMs continue to run out of cash.

RBI allows 23 NEFT transfers: Things you should know

At present, RBI allows banks to conduct NEFT funds transfers in batches from 8 am to 7 pm.

9 May 2017 2:53 PM IST

Chhattisgarh Chief Minister Raman Singh. (Photo: PTI)

Banks in Chhattisgarh face cash shortage: CM Raman Singh

RBI should be told to resolve the issue by providing better assistance to our banks with the help of its regional...

8 May 2017 6:12 PM IST

ATM cash limits may be withdrawn from tomorrow. (Photo: representational Image)

Note ban: People still ask 'Is there cash in ATM?'

Big banks deny there was shortage of cash in country but accept ATMs run dry during long weekends, holidays.

8 May 2017 5:29 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RBI has also reported that the general public has withdrawn Rs. 1,03,316 crore from their accounts either over the counter or through ATMs during this period.

RBI gets more teeth to resolve banks' NPA woes; acts quickly

RBI made substantial changes in the norms and also warned banks of monetary penalty for missing NPA resolution...

6 May 2017 12:50 PM IST

Chanda Kochhar of ICICI Bank. (Photo: File)

Chandha Kochhar lauds new Banking Regulation Act

Kochhar says new stressed assets rules will help lenders solve problem in a time-bound manner.

6 May 2017 12:42 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RBI has also reported that the general public has withdrawn Rs. 1,03,316 crore from their accounts either over the counter or through ATMs during this period.

RBI gets more power to deal with bad loans

Central bank can now initiate insolvency process.

6 May 2017 5:09 AM IST

Prime Minister Narendra Modi. (Photo: PTI)

Narendra Modi govt notifies new Banking Regulation Act

RBI to issue directions to any banking company to initiate insolvency resolution process in respect of a default.

5 May 2017 5:53 PM IST

RBI Governor Urjit Patel (Photo: PTI)

Bad loans ordinance: RBI gets powers for 'clean banks'

With sweeping powers, central bank can now give ditections to banks to resolve huge bad loans issue.

5 May 2017 3:10 PM 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.

How RBI, banks will tackle Rs 6 lakh crore NPAs

Amendments will give RBI powers to directly interven in the issue and instruct banks for speedy redressal.

4 May 2017 4:53 PM IST

Finance Minister Arun Jaitley

Government takes decision on banking sector: Jaitley

Bad loans at Indian lenders hit a record $150 billion as of end-December.

4 May 2017 10:22 AM IST

Factory output grew at a higher rate of 9.9 per cent in October last year mainly driven by better performance of manufacturing sector and increase in output of capital goods by 16.5 per cent.

Manufacturing sector grows for 4th straight month

Less than 5 per cent of manufacturers raised their output prices in April, while almost 93 per cent signalled no change.

2 May 2017 11:32 AM IST