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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

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.Business
Give details on deposits in old notes: RBI to banks

Central bank has clarified that cash balance of banks do not form part of deposits made in demonetised notes.

30 Dec 2016 12:38 PM IST

BJP MP Kirit Somaiya (Photo: PTI)Metros
Bandra bank has over 4,500 benami accounts: Kirit Somaiya

Kirit Somaiya has requested RBI governor Urjit Patel to investigate transactions at a Mumbai-based cooperative bank.

30 Dec 2016 2:09 AM IST

GST reform process would lead to a move from the regime of tax exemptions in various sectors of economy to a regime of seamless flow of credit and payment of tax.Business
Demonetisation, GST to transform India: RBI

Withdrawal of legal tender status of specified bank notes (old Rs 500/1000) could potentially transform the domestic...

29 Dec 2016 6:47 PM IST

Viral Acharya. (Photo: YouTube screengrab)Business
I will give my best, says Viral Acharya

Acharya who has been appointed RBI deputy governor would take charge on January 20.

29 Dec 2016 6:20 PM IST

Reserve Bank of India. (Photo: PTI/File)India
RBI 'approved cash ban just 3 hours' before Modi's Nov 8 announcement

The RBI has been criticised for a lack of preparedness and U-turns that contributed to the chaos following...

29 Dec 2016 3:27 PM IST

RBI Governor Urjit PatelBusiness
RBI unlikely to cut key rate in Feb: SBI report

Inflation trajectory expected to remain significantly benign; Dec inflation reading likely to be close to 3.2-3.3 per...

5 Jan 2017 4:41 PM IST

Reserve Bank of IndiaBusiness
RBI to release numbers on junked notes

On the last day of demonetisation, the RBI had asked all banks to report details of old notes.

5 Jan 2017 4:25 PM IST

Reserve Bank of India. (Photo: PTI)India
90 more day given to borrowers to repay loans due till Dec 31: RBI

The above dispensation will apply to dues payable between November 1, and December 31, 2016, it said.

29 Dec 2016 11:11 AM IST

Viral V AcharyaBusiness
Viral Acharya, 'Poor man's Rajan', new RBI Deputy Governor

The 42-year-old Acharya's appointment for three-year tenure was cleared by the Appointments Committee of the Cabinet.

28 Dec 2016 5:57 PM IST

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