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Twenty-one banks, majority owned by New Delhi, account for more than two-thirds of the banking assets in Asias third-biggest economy.Business
Govt pushes state banks to find own funding sources

Including restructured or rolled over loans, all banks in India had a total 9.5 trillion rupees of soured loans.

3 April 2018 12:43 PM IST

The RBI has asked Axis Banks board to re-consider the decision to re-appoint Shikha Sharma as its MD and CEO for a fourth term.Business
RBI asks Axis Bank to re-consider Shikha Sharma as MD

The move comes against the backdrop of persisting concerns over mounting Non-Performing Assets (NPAs) in the banking...

2 April 2018 7:50 PM IST

With multiple agencies probing the alleged Rs 13,000-crore fraud at state-run Punjab National Bank, the Reserve Bank of India (RBI) says it has conducted its scrutiny and the matter is currently under examination for \enforcement action\.Business
PNB fraud case: RBI says examining enforcement action

RBI says it has conducted its scrutiny and the matter is currently under examination for "enforcement action".

1 April 2018 1:16 PM IST

State Bank of IndiaBusiness
Fixed term deposits in SBI to now emanate higher interests

The revised rate which comes into effect from 30th July, 2018, will be applicable on retail deposits below Rs 1 crore.

30 July 2018 2:20 PM IST

Chief Economic Adviser Arvind Subramanian termed the GST launch a big transformational event of 2017-18. (Photo: ANI)Business
Fuel, land and electricity will be under GST, says CEA Arvind...

He also praised the central bank for handling of rupee volatility.

20 July 2018 11:56 AM IST

The Reserve Bank of India is set to introduce a new Rs 100 denomination note. (Photo: ANI/Twitter)Business
Reserve Bank of India to shortly issue lavender coloured Rs 100 notes

The existing 100 rupee note will continue to be legal tender, as told by RBI.

19 July 2018 3:42 PM IST

Indias retail inflation cooled to a two-year low in November after demonetisation. (Photo: AP/File)Business
Retail inflation accelerates to 5 per cent in June

June was the eighth straight month in which inflation was higher than the central bank's medium-term target of 4 per...

12 July 2018 6:00 PM IST

Cost accountants apex body ICAI has suggested constituting a central agency, with cost accountants and experts from other fields, to evaluate applications for large loans before banks give their approval. (Photo: Brijesh Bhatt)Business
Set up central agency to evaluate big loan proposals, says ICAI

Big banks have better means for research and development and they can better evaluate the loan proposals.

8 July 2018 6:05 PM IST

Due to the IT department issues, loan waivers are stuck.Business
Farm loan waivers may cost Rs 2.7L-crore

Ahead of 2019 polls, more farmer-centric sops are likely to be doled out, says BoA-ML.

7 July 2018 7:11 AM IST

Reserve Bank of India (RBI) on Thursday directed all payment system operators in India to store data within the country.Business
Bank credit grows at 12.84 per cent, deposits at 7.59 per cent

Loans to industry rose by 1.4 per cent in May 2018, against a contraction of 2.1 per cent in May 2017.

5 July 2018 7:07 PM IST

Reserve Bank of India (RBI) on Thursday directed all payment system operators in India to store data within the country.Business
RBI issues license to Bank of China for operations in India

The decision was based on the commitment made by Prime Minister Narendra Modi to the Chinese leadership.

4 July 2018 2:03 PM IST

For the past few days, the rupee continued to outshine the US dollar and ended at a nearly 3-month high of 67.22 yesterday.Business
Rupee to remain in 68-72 range against USD in short term, says UBS

The rupee had breached the lifetime low and crossed the Rs 69 to a dollar level last week.

3 July 2018 4:00 PM IST

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