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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

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

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

Cabinet okays 7th Pay Commission proposals; key facts

Armed forces have been pressing for reverting to percentage-based regime for disability pension.

4 May 2017 1:13 PM IST

Representational image.

National Steel Policy: 300 MT output, Rs 10 lakh cr investment

Cabinet also approved a policy for use of domestic steel products in government organisations.

4 May 2017 1:09 PM IST

Prime Minister Narendra Modi. (Photo: AFP)

Modi Cabinet will soon take a call on FIPB abolition

Govt is yet to announce modalities of new system of processing applications which fall under approval route.

20 May 2017 5:30 PM IST