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New model of banking allows mobile firms, supermarket chains and others to cater to banking requirements of individuals and small businesses.

India Post received payments bank licence

Payments banks can accept deposits up to Rs 1 lakh per account from individuals and small businesses.

28 Jan 2017 4:07 PM IST

On Friday, the Indian rupee closed at 68.47 to the dollar after hitting a record low of 68.86 in intra-day trade on Thursday.

RBI may reopen deposit window for old notes

Decision was being considered as central bank has received querries on certain notes that were not deposited on last...

26 Jan 2017 5:17 PM IST

RBI governor Urjit patel

'Can't tell quantity of new notes printed before note ban'

Monetary policy regulator also refused to give any details about time it will take to replenish currency notes.

26 Jan 2017 3:35 PM IST

As per RBI advisory, existing magnetic stripe only cards need to be replaced with EMV chip and pin based cards by December 31, 2018.

PNB to block all Maestro debit cards from July 31

The bank will not charge anything for the replacement and it will be provided free of cost.

2 July 2017 1:48 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.

7th Pay Commission allowances to bump up inflation temporarily

Reserve Bank is expected to cut repo rate by 25 bps in its August meeting.

2 July 2017 12:19 PM IST

On the other hand, the slowdown in economic activity has weighed on demand for credit among retail borrowers.

Non-food credit inches up 4.5 per cent in April

Loans to agriculture and allied activities rose by 7.4 per cent in April 2017, lower than the 15.3 per cent growth in...

2 July 2017 11:07 AM IST

In the previous week, the reserves had increased by USD 1.074 billion to USD 368.231 billion.

Forex reserves down $1.19 billion to $367 billion

India's reserve position with the fund dipped by USD 21.5 million to USD 2.346 billion.

18 Nov 2016 5:59 PM IST

The demonetisation move is expected to disrupt economic activity in the short term.

Demonetisation to drag down FY18 GDP growth at 5.8%

As a response to the slowing GDP growth, we expect the RBI to consider rate cuts of 25-50 bps over 2HFY17 itself.

18 Nov 2016 3:33 PM IST

Queues at some branches in the metros cities were seen slightly shorter for exchange of old currencies as the process of putting indelible ink has started from yesterday.

Reserve Bank assures people of sufficient notes

People had been thronging branches across India to exchange the scrapped 1,000 and 500 rupee notes.

17 Nov 2016 3:55 PM IST

Chief Economic Advisor Arvind Subramanian

Why the pundits fail to speak truth to power

The charge levelled by chief economic adviser Arvind Subramanian appeared to be a serious one.

14 May 2017 12:10 AM IST

The petitioner said the ministry and RBI are responsible for making rules/guidelines and for monitoring banks across the country .

PIL: Stop surcharge on card transactions

it had already directed the ministry of finance and Reserve Bank of India (RBI) to take a decision on the issue and...

17 Nov 2016 1:58 AM IST

Identified bank branches are provided with black indelible ink bottles of 5 ml each and the cap of the bottle includes a small brush for applying the ink. (Photo: PTI)

Banks use indelible ink to check repeat money exchange

The move comes amid reports of long queues and chaotic scenes at banks and ATMs across the country.

16 Nov 2016 3:10 PM IST