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As the four occupants, including a woman, failed to give any satisfactory explanation about the source of cash in their possession, they have been detained, police said. (Photo: Representational Image)

RBI raises daily cash withdrawal limit to Rs 10,000

No change has been made to the weekly withdrawal limit of Rs 24,000 through cheques.

16 Jan 2017 5:30 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RBI has also reported that the general public has withdrawn Rs. 1,03,316 crore from their accounts either over the counter or through ATMs during this period.

Stronger law needed on autonomy of RBI

Parliament needs to worry whether such a governor can protect the institutional integrity of the country's central bank.

16 Jan 2017 1:59 AM IST

Minister of State for Finance Santosh Kumar Gangwar

RBI to open separate enforcement department on April 3: Gangwar

The RBI has taken various measures to deepen the corporate bond market.

31 March 2017 7:44 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.

'RBI need not print entire amount of extinguished currency'

The current size of digital banking is around Rs 2.3 lakh crore.

31 March 2017 1:57 PM IST

The recent data on digital payments published by RBI indicates sharp growth in digital payments, but this needs to grow even more.

Growth back to pre-note ban level increasingly likely: S&P

CSO last month had projected GDP growth to be 7 per cent in the October-December quarter.

31 March 2017 1:27 PM IST

NCP president Sharad Pawar during the press conference on Saturday. (Photo: Shripad Naik)

Sharad Pawar asks Centre to allow old notes swap

Pawar said he has written to Prime Minister Narendra Modi and finance minister Arun Jaitley on the issue.

30 March 2017 4:06 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RBI has also reported that the general public has withdrawn Rs. 1,03,316 crore from their accounts either over the counter or through ATMs during this period.

RBI exempts banks from opening on April 1 on annual closing

Banks remain closed on April 1 every year for their annual closing of accounts.

29 March 2017 2:37 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.

RBI to hold rates this year, may tighten in 2018

The next meeting of the Monetary Policy Committe (MPC) is scheduled for April-5-6, 2017.

29 March 2017 1:54 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 intervenes as rupee falls to near record low

The rupee was trading between 68.81 and 68.83 per dollar.

24 Nov 2016 12:32 PM IST

Basudeb Banerjee.

Government seeks Rs 200 crore from RBI to pay its staff

The RBI officials said they were trying to supply as much cash as possible to help the state government.

24 Nov 2016 6:35 AM IST

ICICI Bank spokesperson said it has installed state-of-the-art note sorting machines that check the quality of millions of notes every day.

ICICI Bank,Truecaller unite for UPI-based payment

It will also enable users to recharge their mobile number from within the Truecaller app itself.

28 March 2017 2:54 PM IST

FIPB takes a call on proposals for FDI in ocuntry.

DIPP, OECD organising seminar on FDI policy on April 5

Foreign inflows into the country grew by 22 per cent to USD 35.8 billion during April-December this fiscal.

28 March 2017 2:36 PM IST