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Bank customers across the nation have complained that several banks are refusing to accept more than the said amount despite providing detailed explanations. (Photo: PTI/File)

Govt asks PSBs to finalise next wage revision before Nov 1

There are 21 public sector banks, post merger of six lenders with SBI, in the country.

9 April 2017 12:18 PM IST

Reserve Bank of India

No rate cut soon, liquidity to be RBI focus: Analysts

RBI has made a pitch for the special deposit facility (SDF) to suck out the excess liquidity.

7 April 2017 6:16 PM IST

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

RBI may not supply new Rs 200 notes through ATMs

RBI does not want to take to tedious task of recalibrating some 2,20,000 ATMs across country, report says.

7 April 2017 12:50 PM IST

Reserve Bank of India

RBI moves to take cash out of markets

Inflation concerns cited as primary reason to hold rate.

7 April 2017 1:36 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 fears inflation overshooting target

MPC has projected that the average headline inflation will rise to 4.5 per cent in the first half of the current...

6 April 2017 8:23 PM IST

Complaint filed by buyers against realty firm RNA Corp and its directors for allegedly delaying possession of flats booked in 2010.

Realty stocks in focus, gain up to 4.5 per cent

The BSE realty index rose by 2 per cent to close the day at 1,704.64 points.

6 April 2017 8:04 PM IST

RBI Governor Urjit Patel. (Photo: PTI)

Urjit Patel says still more scope for banks to cut lending rates

Lack of transmission has been one of the dominant worries expressed by RBI during the past two years

6 April 2017 7:50 PM IST

Veracity of this Rs 200 note is still to be asceratined.

Is this new Rs 200 denomination note real, or fake?

RBI has revealed it plans to start printing new Rs 200 currency notes as part of remonetisation drive.

6 April 2017 6:37 PM IST

An e-wallet is a virtual wallet where you can keep money in digital form.

Reserve Bank makes NEFT funds transfer faster, easier

Central bank says NEFT settlement cycle will be reduced from hourly batches to half hourly batches.

6 April 2017 5:47 PM IST

WPI inflation, which reflects the annual rate of price rise, has risen for the second straight month, notwithstanding the cash crunch following demonetisation.

RBI projects inflation to rise to 5 pc on El Nino risks

Prominent risk could emanate from managing implementation of allowances fixed by 7th Pay Commission.

6 April 2017 4:32 PM IST

Finance Minister Arun Jaitley. (Photo: PTI)

Resolution of NPAs is still work in progress: Jaitley

High NPA levels also impact the capacity of the banking system to support growth.

1 Jun 2017 3:28 PM IST

Factory output grew at a higher rate of 9.9 per cent in October last year mainly driven by better performance of manufacturing sector and increase in output of capital goods by 16.5 per cent.

Manufacturing PMI falls to 3-month low in May

RBI changing neutral monetary policy stance to accommodative in coming months in order to support the economy.

1 Jun 2017 12:05 PM IST