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

Bank credit grows at 12.84 per cent, deposits at 7.59 per cent

Loans to industry rose by 1.4 per cent in May 2018, against a contraction of 2.1 per cent in May 2017.

5 July 2018 7:07 PM 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.

PNB customers to pay higher charges for non-credit services

The bank has steeply raised the locker facility charges in metro branches for different types of lockers.

6 Aug 2017 2:32 PM IST

Revenue Secretary Hasmukh Adhia (Photo credit: PIB)

No need to reveal source of deposits: Hasmukh Adhia

Revenue Secretary says, however, disclosures will not enjoy immunity from FEMA, PMLA, narcotics and black money law.

28 Nov 2016 5:16 PM IST

RBI had issued a notification saying that the withdrawal limit of cash from savings bank accounts will be relaxed to Rs. 50,000 from February 20

Rs 10 lakh or more deposited in 36 lakh bank accounts

MoS for Finance Santosh Kumar Gangwar did not specify for which financial year such deposits were made.

18 July 2017 3:16 PM IST

State Bank of Inida. (Photo: PTI/File)

We've verified records, Rs 1300 cr not deposited in Arunachal...

'We've verified all our relevant records minutely and found that no such deposits were made in any SBI branch,' SBI...

28 Dec 2016 3:22 PM IST

Cash recovered by Income Tax department from a bank locker in Pune. (Photo: PTI)

Banks got majority of deposits from household sector

This was followed by govt sector which accounted for 12.8 per cent of total deposits, RBI data reveals.

27 Dec 2016 11:50 AM IST

Its apparent that the black money hunt hasnt produced the desired results, with Rs 12.40 lakh crores notes back in the system by December 10. (Representational image)

Deposit of over Rs 5,000 in old notes allowed only once: RBI

RBI said that defunct currency up to any amount can be deposited under the new black money amnesty PMGKY scheme.

19 Dec 2016 2:06 PM IST