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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.

Viral Acharya appointed RBI deputy governor

Acharya is known for his research in theoretical and empirical analysis of systemic risks of the financial sector.

28 Dec 2016 1:57 PM IST

RBI governor Urjit Patel

RBI revises PCA rules to tackle Rs 6 lakh crore bad loans

Central bank issues new set of enabling provisions under label of revised prompt corrective action framework.

14 April 2017 11:53 AM 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.

NPA resolution: PMO to review progress on June 19

Banking sector is saddled with NPAs of over Rs 8 lakh crore, of which Rs 6 lakh crore is on the books of PSBs.

17 Jun 2017 12:47 PM IST

Reserve Bank of India

Analysts sure of RBI rate cut due to record low CPI inflation

The RBI chose to go for a status quo in the policy rates at its review last week.

13 Jun 2017 6:34 PM IST