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RBI has also reported that the general public has withdrawn Rs. 1,03,316 crore from their accounts either over the counter or through ATMs during this period.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 levies Rs 3 crore penalty on Union Bank for KYC non-compliance

Central bank said it had examined the documents concerned and notices were issued to the bank.

31 July 2017 6:37 PM IST

The two unlisted associate banks which will be merged with SBI are State Bank of Patiala (SBP) and State Bank of Hyderabad (SBH).

SBI cuts saving account rate by 0.5 pc on balance upto Rs 1 cr

SBI said revision of saving bank rate will enable the bank to maintain MCLR at existing rates.

31 July 2017 1:29 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.

DBS expects RBI to cut its policy rates by 0.25 pc

Real interest rates are also high about 400 basis points compared to RBI's preference for 1.25-1.75 pc.

31 July 2017 1:17 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.

Loans may get cheaper as RBI set to cut rates

The government has also been pushing for a rate cut to give a boost to economic activity and encourage private...

31 July 2017 6:51 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 likely to cut rate on Aug 2 as inflation hits record low

A rate cut will give a push to credit growth which has been sluggish from last many quarters.

30 July 2017 1:25 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RBI has also reported that the general public has withdrawn Rs. 1,03,316 crore from their accounts either over the counter or through ATMs during this period.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 policy, Q1 results to drive markets this week

RBI is scheduled to meet this week and the market would keenly await action on rate reduction front.

30 July 2017 11:33 AM IST

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

RBI may cut repo rate on Aug 2 on lowest inflation

The central bank headed by governor Urjit Patel last cut its key interest rate in October 2016.

28 July 2017 4:29 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 to cut repo rate by 25 bps on August 2: HSBC

According to the global financial services major inflation in India has fallen dramatically.

27 July 2017 1:42 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 unveil framework on NPAs ordinance in 15 days

Framework would include creation of a separate cell to identify issues pertaining to NPAs.

22 May 2017 3:28 PM IST

Eight banks have already taken approval from their respective boards while another five are in the process of seeking the necessary approval to raise fresh capital.

PSBs likely to raise funds via capital markets: Experts

According to an estimate by India Ratings and Research, Indian banks need a total of Rs 3.7 lakh crore between 2017 and...

22 May 2017 5:54 AM IST

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Icra says GST structure unlikely to fan inflation

The rating agencuy said that there is likely to be a limited impact of the GST on goods inflation.

19 May 2017 6:05 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 liberalises tier-I presence in new bank branch policy

RBI removed the restriction on tier-I branches, which was earlier linked to the number of branches opened in the...

19 May 2017 10:19 AM IST