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RBI has also reported that the general public has withdrawn Rs. 1,03,316 crore from their accounts either over the counter or through ATMs during this period.Business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RBI has also reported that the general public has withdrawn Rs. 1,03,316 crore from their accounts either over the counter or through ATMs during this period.Business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

Representational imageBusiness
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.Business
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

Finance Minister Arun Jaitley at a press conference after cabinet meeting in New Delhi. (Photo: PTI)Business
Jaitley to review NPAs issue with banks on June 12

Non-performing assets (NPAs) of public sector banks (PSBs) have gone past the Rs 6 lakh crore mark.

26 May 2017 6:24 PM IST

Regarding the new GST timeline of July 1, the report said \this is in line with our base case that the GST would be implemented between April and September 2017\.Business
GST to add 40 bps to growth rate; won't stoke inflation: HSBC

New GST regime is expected to make the Reserve Bank of India more relaxed about lingering inflation fears.

24 May 2017 3:36 PM IST

RBI Governor Urjit Patel at a press conference after the monetary policy review meeting in Mumbai. (Photo: PTI)Business
This is how RBI will deal with $150-bn bad loans

Only two weeks ago, government gave central bank greater power to tame bad loans.

23 May 2017 10:44 AM IST

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