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This resulted in a seizure of unaccounted cash of Rs 6.76 crore from four such contractors in the Mysore area.(Photo: File/Representational)Business
Objective of demonetisation was to reduce cash transactions: Niti...

RBI report revealed that almost all demonetised notes were returned to banks.

31 Aug 2018 12:52 PM IST

On the other hand, RBI spent 12,877 crore (4,912 crore in FY18 and 7,965 crore in FY17) for printing new currency notes after old notes were bannedBusiness
RBI got back almost all banned 500, 1,000 notes

The central bank said Rs 15,31,073 crore of Rs 15,40,000 crore of demonetised notes returned back to the banking system.

30 Aug 2018 1:26 AM IST

The capital infusion of public sector banks is a \big bang reform\ that will support credit growth and job creation, says SBI research report. (Photo: PTI)Business
PSBs reduce Rs 64,106 crore NPAs via recoveries in FY18: RTI

The reduction seems to be insignificant given the fact that gross NPAs of state-run banks at the end of FY18 stood at Rs...

29 Aug 2018 3:40 PM IST

Reserve Bank of India (RBI) on Thursday directed all payment system operators in India to store data within the country.Business
RBI surplus transfer to govt rises 63.08 pc in FY 2018

A surplus of Rs 50,000 crore was transferred to the central government in FY18.

29 Aug 2018 3:17 PM IST

The Reserve Bank of India on Thursday kept the key policy rate unchanged at 6 per cent for the fourth consecutive time.Business
RBI employees' 2-day mass leave to paralyse banking operations

UFRBOE has called the mass casual leave on September 4 and 5 which will be participated by all officers.

28 Aug 2018 7:01 PM IST

Urjit Patel, governor, RBIBusiness
Urjit Patel completes two years as RBI Governor

Patel has been steadfast in maintaining the central bank's independence and in handling the bad loan cases.

3 Sept 2018 9:05 PM IST

Reserve Bank of India360 Degree
Currency crisis: The rupee dilemma

With no signs of global issues easing up, the experts believe that the rupee may slide further.

9 Sept 2018 6:17 AM IST

Reserve Bank of India (RBI) on Thursday directed all payment system operators in India to store data within the country.Business
RBI intervenes to support rupee at 72

That emboldened rupee bears and sent the currency to a record low of 72.11 to the dollar on Thursday.

8 Sept 2018 2:04 AM IST

Rupee has depreciated around 13% in the calend er year accompanied by rising crude oil prices.Business
India's Rs 1Lakh-crore extra pinch

Weakness in rupee is likely to hit foreign debt obligations, oil imports.

8 Sept 2018 2:03 AM IST

A rural woman after exchanging 500 and 1000 rupee currency notes in a SBBJ branch at Beawar, Rajasthan. (Photo: PTI)Business
Reserve Bank of India tweak norms for exchange of defective currency

Public can exchange banks mutilated or defective notes at RBI offices and designated bank branches across the country.

7 Sept 2018 6:36 PM IST

Reserve Bank of India (RBI) on Thursday directed all payment system operators in India to store data within the country.Business
Current account deficit eases marginally to 2.4 pc of GDP in Q1...

In value terms, the CAD was higher at USD 15.8 billion in April-June this year.

7 Sept 2018 6:15 PM IST

Union Bank of India Ltd reported on Thursday a 25.83 billion-rupee net loss for its fourth quarter.Business
RBI fines Union Bank Rs 1 crore for delay in fraud detection,...

However, the bank said that the amount of the penalty is not material considering the size of the bank.

7 Sept 2018 3:16 PM IST

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