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The bag contained Rs 500 and Rs 1000 currency notes, which were demonetised by the government earlier this month.

Govt advised note ban day before PM's announcement: RBI

Union Minister Piyush Goyal had claimed during a debate on demonetisation in Parliament that it was the RBI which...

10 Jan 2017 8:32 AM 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RBI has also reported that the general public has withdrawn Rs. 1,03,316 crore from their accounts either over the counter or through ATMs during this period.

Account Number Portability: Switch banks without changing account...

This will come as a relief for unhappy customers stuck with bank accounts they do not want to keep.

31 July 2017 5:27 PM IST

Traders warn that there could be a shortage of essential commodities like milk, vegetables and medicines from Monday.

As food prices slump, pressure grows for more RBI rate cuts

Experts believe India is in the midst of a sustained easing of food prices as government has tamped them by keeping a...

31 July 2017 9:37 AM IST

Union finance minister Arun Jaitley celebrates his 64th birthday with morning walkers at New Delhis Lodhi Gardens. (Photo: PTI)

Worst over, crunch to ease, says Arun Jaitley

The scramble for cash caused a string of deaths, prompting an unrelenting Opposition attack on the government.

30 Dec 2016 12:59 AM IST

Reserve Bank of India

5 things to expect from RBI's MPC meet today

Here are the five things that the MPC might be looking at in its second bi-monthly meet of 2017-18.

7 Jun 2017 1:27 PM IST

RBI Governor Urjit Patel

MPC meet begins, RBI likely to hold policy rate say experts

The central bank would like to gauge the impact of GST rollout on inflation before changing policy rates say experts.

6 Jun 2017 3:57 PM IST

Experts have voiced concern over how soon banks will be recapitalised in the event of a farm loan waiver.

Experts caution against loan waiver

When the UPA Government announced a farm loan waiver package of Rs 72,000 crore in 2008.

18 April 2017 2:05 AM IST

Economic survey 2016-17 has proposed the creation of a public sector asset rehabilitation agency (PARA) to resolve such large and complex cases.

Large write-offs needed to restore India Inc's viability

Some of the obstacles currently plaguing loan resolution according to the survey is viability issues.

1 Feb 2017 3:42 AM IST

Reserve Bank of India

No limit on cash withdrawal from March 13: RBI

Limit on cash withdrawals from the SB accounts will be enhanced to Rs 50,000 per week from the current limit of Rs...

9 Feb 2017 6:50 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.

Rates held: Bold move from RBI, says finance ministry

Global cues and volatile market had RBI's hands tied.

8 Dec 2016 1:16 AM IST