The move will place various restrictions on the public sector lender including on fresh loans and dividend distribution.
07 Oct 2017 8:02 PM
The Reserve Bank of India also permitted co-operative banks to open current accounts.
04 Oct 2017 8:26 PM
The ministry, however, welcomed the initiative with regard to Peer to Peer (P2P) NBFC financing regulation.
04 Oct 2017 7:05 PM
Such a mechanism will provide transparency while enhancing competition and lead to better pricing for customers, it said.
04 Oct 2017 5:38 PM
Despite a slowing economic growth, RBI on Wednesday kept the repo rate unchanged at 6 per cent.
04 Oct 2017 3:53 PM
The RBI said it would reduce banks’ statutory liquidity ratio by 50 bps to 19.5 percent from the fortnight starting October 14.
04 Oct 2017 3:37 PM
This was fourth bi-monthly policy review of 2017-18 by RBI's Monetary Policy Committee.
04 Oct 2017 2:40 PM
A top finance ministry official said last week that there is scope for an RBI rate cut as retail inflation continues to be low.
03 Oct 2017 3:00 PM
Auto stocks also drove up the market after encouraging September sales data.
03 Oct 2017 10:22 AM
The Monetary Policy Committee of the RBI is scheduled to come out with next bimonthly monetary policy decision on October 4.
02 Oct 2017 12:33 PM
Subramanian said there was a 'big' appreciation of the rupee between January and April.
25 Sep 2017 2:06 PM
Sources in the government said that a committee was set up to discuss the proposal of having India’s own cryptocurrency.
16 Sep 2017 6:34 PM
The consultation paper on p-2-p lending was released by RBI in April last year, but the final guidelines are yet to come.
13 Sep 2017 2:57 PM
RBI had said on August 30 that as much as 99 per cent of the junked Rs 500 and Rs 1,000 notes have returned to the banking system.
12 Sep 2017 4:20 PM
Earlier, the media reported the bank's RTI statement saying it was not using machines to count the scrapped currency.
11 Sep 2017 10:08 AM
Rajan has debunked the theory that Chicago University's refusal to extend his leave forced his departure.
10 Sep 2017 6:45 PM
RBI was asked to give details about machines being used for counting the Rs 500 and Rs 1,000 notes.
10 Sep 2017 1:12 PM
The former RBI governor opened up to a host of questions that people had in mind ever since his resignation in 2016.
07 Sep 2017 9:07 PM
Media reports claim 12 large accounts which have been marked for resolution.
07 Sep 2017 8:52 PM
Raghuram Rajan, the former RBI governor was speaking at the launch of his book 'I Do What I Do'.
05 Sep 2017 9:27 PM