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Union Finance Minister Arun Jaitley during a conversations on C Peter Mc Colough Series on International Economics at Council on Foreign Relations in New York City. (Photo: PTI)

RBI given more powers to tackle NPAs: Arun Jaitley

President Pranab Mukherjee last night signed ordinance to amend Banking Regulation Act.

5 May 2017 6:05 PM IST

Prime Minister Narendra Modi. (Photo: PTI)

Narendra Modi govt notifies new Banking Regulation Act

RBI to issue directions to any banking company to initiate insolvency resolution process in respect of a default.

5 May 2017 5:53 PM IST

Lower interest rates and more funds with banks are positive signals for economic recovery when the uncertainty around the demonetisation impact fades. (Representational Image)

Bank credit demand seen rising 7-8 pc in FY18

Deposit growth is expected slow to 5-7 per cent in fiscal 2018 from 11.8 per cent.

5 May 2017 5:28 PM IST

RBI Governor Urjit Patel (Photo: PTI)

Bad loans ordinance: RBI gets powers for 'clean banks'

With sweeping powers, central bank can now give ditections to banks to resolve huge bad loans issue.

5 May 2017 3:10 PM IST

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.

How RBI, banks will tackle Rs 6 lakh crore NPAs

Amendments will give RBI powers to directly interven in the issue and instruct banks for speedy redressal.

4 May 2017 4:53 PM IST

As the four occupants, including a woman, failed to give any satisfactory explanation about the source of cash in their possession, they have been detained, police said. (Photo: Representational Image)

RBI raises daily cash withdrawal limit to Rs 10,000

No change has been made to the weekly withdrawal limit of Rs 24,000 through cheques.

16 Jan 2017 5:30 PM IST

People have been sharing their ideas about the difference in lungis (Photo: Twitter)

Picture of lines in Kerala goes viral for lungis

The image shows two separate lines one in front of an ATM and another in front of a liquor store.

20 Nov 2016 3:26 PM IST

People standing in queues inside the Jammu & Kashmir Bank to deposit and exchange 500 and 1000 currency notes in Rajouri on Friday. (Photo: PTI)

Banks may allow cash withdrawal for marriage from next week

Banks yet to receive operational guidelines from the RBI, even though the Centre announced the relaxation earlier this...

19 Nov 2016 7:55 PM IST

On Friday, the Indian rupee closed at 68.47 to the dollar after hitting a record low of 68.86 in intra-day trade on Thursday.

RBI may reopen deposit window for old notes

Decision was being considered as central bank has received querries on certain notes that were not deposited on last...

26 Jan 2017 5:17 PM IST

On the other hand, the slowdown in economic activity has weighed on demand for credit among retail borrowers.

Non-food credit inches up 4.5 per cent in April

Loans to agriculture and allied activities rose by 7.4 per cent in April 2017, lower than the 15.3 per cent growth in...

2 July 2017 11:07 AM IST

A security guard uses indelible ink to mark the fingers of people entering to exchange discontinued currency. (Photo: PTI)

Demonetisation: Queues continue at banks, ATMs in Mumbai

However, many people say they are with the government on the demonetisation move.

18 Nov 2016 2:55 PM IST

Finance Minister Arun Jaitley

Amid cash rush, banks may hire retired staff to deal with customers:...

The finance ministry also said banks may plan and support the officers and employees working in late hours.

15 Nov 2016 8:22 PM IST