RBI has put on PMC strict restrictions including limiting withdrawals at Rs 10,000 and banning it from lending for next six months.
01 Oct 2019 9:42 AM
Excluding the valuation effect, the increase in external debt would have been USD 12.4 billion instead of USD 14.1 billion.
01 Oct 2019 9:15 AM
PMC Bank came under stress due to alleged financial irregularities forcing the RBI to impose restriction on it.
30 Sep 2019 3:38 PM
Since December 2016, Kshatrapati Shivaji is working with the Asian Development Bank as an executive director.
30 Sep 2019 3:18 PM
However, economists differ on the quantum of the rate cut ranging from 15 basis points to 50 basis points.
30 Sep 2019 1:38 AM
The admission came in after a board member leaked the actual balancesheet details to the RBI, said a source.
29 Sep 2019 6:02 PM
RBI has already slashed the repo rate (short-term borrowing rate) four times aggregating to 1.10 percentage points since January.
29 Sep 2019 4:33 PM
Government finances have come under pressure due to moderation in revenue collection and a slew of measures taken to lift growth.
29 Sep 2019 2:38 PM
Markets would remain closed on Wednesday for 'Mahatma Gandhi Jayanti'.
29 Sep 2019 11:06 AM
The party also attacked the Modi government on the rising prices of onions.
28 Sep 2019 2:44 AM
It appears wisdom is yet to dawn despite serious banking events that keep bobbing up every few months.
28 Sep 2019 12:00 AM
A bench of Chief Justice D N Patel and Justice C Hari Shankar issued notice to the Centre, RBI and Indiabulls.
27 Sep 2019 3:29 PM
In a statement, the central bank said PMC Bank customers can now withdraw Rs 10,000 from their account, instead of Rs 1,000.
26 Sep 2019 4:39 PM
RBI has capped cash withdrawal at Rs 1,000 per customer during this period and banned the bank from any fresh lending.
26 Sep 2019 12:49 PM
Finance secretary Rajiv Kumar discribed such social media messages as 'mischievous.'
25 Sep 2019 5:30 PM
RBI Gov Shaktikanta Das was responding to a question whether his academic qualification weighed him down as the governor.
22 Sep 2019 6:43 PM
We need to think what kind of innovation we need to undertake to attain a high growth, said Niti Aayog CEO Amitabh Kant.
18 Sep 2019 6:16 PM
Economic growth hit over six-year low of 5 per cent for the first quarter ended June 2019 mainly driven by demand slowdown.
18 Sep 2019 12:42 PM
He said that the RBI has been cutting rates to give a boost to the economy as slowdown was visible for past few months.
16 Sep 2019 7:28 PM
However, retail inflation is still within the Reserve Bank's target range, thus keeping hopes of another rate cut alive.
12 Sep 2019 7:18 PM