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Banks report Rs 61,260 crore frauds

State-owned banks report 8,670 loan fraud cases till 2017, says RBI data.

17 Feb 2018 1:29 AM IST

PNB customers will have to pay charges for depositing cash above Rs 5,000 in a non-base branch even if it is located in the same city.

Unpublished data shows India's fraud problems extend far beyond PNB

RBI data shows state-run banks have reported 8,670 'loan fraud' cases Rs 612.6 bn over last 5 financial years up to...

16 Feb 2018 6:00 PM IST

The survey said the problem has continued to fester as Non-Performing Assets (NPAs) of the banking system (especially public sector banks) keep increasing, while credit and investment keep falling.

New rules to boost NPAs

According to data compiled by ICRA for around 50 large borrowers having banking exposure of Rs 2,000 crore or more and...

14 Feb 2018 1:11 AM IST

The two unlisted associate banks which will be merged with SBI are State Bank of Patiala (SBP) and State Bank of Hyderabad (SBH).

SBI wrote off bad loans worth over Rs 20,000 cr last fiscal

PSBs are faced with mounting NPAs or bad loans, putting the financial sector under stress.

12 Feb 2018 12:01 PM IST

The decline in retail inflation has been mainly on account of falling prices of vegetables and pulses.

January retail inflation seen easing slightly, still above target:...

WPI likely eased in January, to 3.25 per cent from a year ago, compared to 3.58 per cent in December.

9 Feb 2018 1:20 PM IST

Reserve Bank of India

RBI keeps its rates intact, says inflation likely to rise

The RBI upped its inflation forecast to 5.1 per cent for the current fourth quarter of 2017-18, ending March 31.

8 Feb 2018 2:51 AM IST

The RBI has always said monetary policy should be accompanied by fiscal policy if the wheels of the economy are to be greased. (Photo: PTI)

Inflation fears force RBI to hold key rates

Reverse repo rate remains at 5.75 pc and marginal standing facility rate and Bank Rate at 6.25%.

8 Feb 2018 12:21 AM IST

Sebi regulates Indias capital market. (Photo: PTI)

Govt eyeing surplus funds lying with SEBI to bridge fiscal deficit gap

The government has already sought dividend of about Rs 13,000 crore from the Reserve Bank of India for 2016-17.

4 Feb 2018 1:54 PM IST

Indias forex reserves have shot up considerably.

Forex reserves soar by USD 3 billion to USD 417.789 billion

Earlier, foreign exchange reserves registered a new high of USD 414.784 billion in the week to January 19.

3 Feb 2018 12:39 PM IST

Paytm has revamped its app to make it even more user friendly and intuitive.

Data localisation critical for security of India's payment systems:...

The operators have been given six months' time to comply with the directive of the central bank.

30 April 2018 5:10 PM IST

ASSOCHAM, cautioned that extreme care needs to be taken to ensure safety of data trail that the cryptocurrency can leave, as it changes hands through a range of electronic devices and platforms.

ASSOCHAM calls for urgent fixing of twin balance sheet problem

The Rs 2 lakh crore capial infusion, as announced by the government must be speeded up.

30 April 2018 9:12 AM IST

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

US fiscal deficit, RBI stance may help rupee

The Indian currency closed at 66.75 per dollar on Friday after slipping to its 14-month low during the previous trading...

30 April 2018 2:47 AM IST