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RBI governor Urjit Patel

Banking Ombudsman can now slap Rs 20 lakh fine

Banks could be penalised for mis-selling third-party products like insurance and mutual funds via e-banking.

24 Jun 2017 9:28 AM IST

The government expects a helping hand from the RBI in the form of interest rate cut in the next monetary policy review on Wednesday to boost the slowing economy. Photo: PTI

Banks set to refer 23 of 28 large dud accounts to NCLT

Banks will also have to make a provision of 50 per cent on these accounts by March 2018.

13 Dec 2017 1:36 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.

Govt allows banks to deposit old notes with RBI

Cooperative banks have also been allowed to exchange old currency notes with the RBI.

21 Jun 2017 1:07 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.

RBI move on insolvency proceedings credit positive: Moody's

RBI has also asked banks to also review other NPAs and finalise a resolution plan over the next six months.

19 Jun 2017 6:45 PM IST

RBI Governor Urjit Patel. (Photo: PTI)

Rs 500, Rs 2000 notes were in stock before DeMo: RBI

Urjit Patel says no records of talks between RBI and govt on note ban were maintained because of secrecy.

27 April 2017 6:59 PM IST

Maharashtra CM Devendra Fadnavis. (Photo: File)

Fadnavis asks banks to restart lending defaulting farmers

CM says many farmers have gone out of banking system after being unable to service their loans from banks.

26 April 2017 11:47 AM IST

(Photo: PTI/File)

Longer queues at banks after deposit restrictions

The RBI on Monday said that scrapped notes above Rs 5,000 can be deposited only once per account till December 30.

20 Dec 2016 8:35 AM IST

Bank customers across the nation have complained that several banks are refusing to accept more than the said amount despite providing detailed explanations. (Photo: PTI/File)

Many banks refusing to take deposit over Rs 5,000 in old notes

Bankers are wary about accepting these deposits, fearing that they could be harassed by tax authorities later for...

21 Dec 2016 10:39 AM IST

RBI has also reported that the general public has withdrawn Rs. 1,03,316 crore from their accounts either over the counter or through ATMs during this period.

Check RBI website for updates on note ban

RBI warns banks/public against misinformation on social media.

1 Dec 2016 6:17 PM IST

People wait in a queue outside a bank to withdraw cash in Mumbai. (Photo: PTI)

Note ban: Big rush for cash in Mumbai on pay day

People were seen waiting anxiously outside ATMs since wee hours to get hold of required amounts.

1 Dec 2016 5:02 PM IST

Supplies to cash dispensers were down to a fifth of required levels, leading to both ATMs and banks running out of cash. (Photo: PTI/File)

Demonetisation: Banks cash-starved on first payday

One of the major reasons for the cash crunch was that not enough new notes of Rs 500 have been issued by RBI so far.

1 Dec 2016 9:46 AM IST