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Global ratings agency Fitch on Monday said it is doubtful about the strength of corporate governance at ICICI Bank, amid allegations of impropriety against its MD and Chief Executive Officer Chanda Kochhar.

ICICI Bank may appoint MD Mallya as its new chairman, says report

MD Mallya served as the chairman of Bank of Baroda before joining the ICICI Bank board as an independent director.

21 Jun 2018 12:49 PM IST

Union minister Piyush Goyal borrowed the phrase to hit back at the Congress chief for a tweet targeting him over corruption allegations. (Photo: File)

Govt open to consider RBI demand for more powers, says Piyush Goyal

While the RBI regulates all banks in India, 21 state-run banks are also regulated by the government, which owns...

20 Jun 2018 11:22 AM IST

The Reserve Bank last month put IDBI Bank under watch by initiating Prompt Corrective Action against it.

Sriram takes charge as MD and CEO of IDBI Bank

Sriram was appointed MD and CEO in place of Mahesh Kumar Jain who recently took charge as deputy governor of RBI.

30 Jun 2018 6:54 PM IST

Reserve Bank of India (RBI) on Thursday directed all payment system operators in India to store data within the country.

RBI to take punitive action against errant bank auditors

The circular said quality audits are also a valuable input in the supervisory process of RBI over banks.

30 Jun 2018 5:52 AM IST

Twenty-one banks, majority owned by New Delhi, account for more than two-thirds of the banking assets in Asias third-biggest economy.

State-run banks hopeful of getting out of RBI's watchlist by 2020

Under the PCA, banks face restrictions on distributing dividends and remitting profits.

27 Jun 2018 1:12 PM IST

Reserve Bank of India (RBI) on Thursday directed all payment system operators in India to store data within the country.

NPA situation likely to worsen further, says Reserve Bank of India

The RBI said stress in the banking sector continues as gross non-performing advances ratio rises further.

26 Jun 2018 7:01 PM IST

Reserve Bank of India keeps the repo rate and reverse repo rate unchanged.

RBI may hike rates further to check inflation, says HSBC

Expectations for Fed rate hikes have increased further in recent weeks.

25 Jun 2018 1:42 PM IST

Bom officials' arrest lands cops in trouble

As per rules, permission has to be taken to arrest senior bank officers i.e. CEOs, chairmen etc. of nationalised banks.

24 Jun 2018 4:44 AM IST

Chinas foreign exchange reserves rose slightly in March as broad U.S. dollar weakness continued.

RBI sets rupee reference rate at 67.1840 against dollar

The exchange rates for the pound and the yen against the rupee were 89.1397 and 61.56 per 100 yens, respectively.

1 Jun 2018 5:56 PM IST

Reserve Bank of India (RBI) on Thursday directed all payment system operators in India to store data within the country.

RBI increases lending rate, EMIs may go up

EMIs for home, auto and personal loans of customers may increase if banks decide to pass on the hike.

7 Jun 2018 2:31 AM IST

According to IFA Global, a forex and treasury solution firm, the Indian rupee is the third best performing Asian currencies this year, up 4.63 per cent in the March quarter, its best quarterly gains since September 2012.

Rate hike in tune with global trend to back rupee

Indonesia also faced similar pressure, with the currency facing the heat from strong foreign debt outflows and rising...

7 Jun 2018 12:27 AM IST

RBI Governor Urjit Patel, will announce the resolution of the MPC on its first bi-monthly monetary policy for financial year 2018-19 later in the day.

Super credit registry mooted

RBI panel recommends setting up of credit info repository for people and companies to curb NPAs.

7 Jun 2018 12:28 AM IST