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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

RBI likely to cut rates in Dec 6 policy review: report

RBI kept interest rate unchanged on fears of rising inflation while lowering growth forecast to 6.7 pc for current...

30 Oct 2017 8:04 AM GMT

Bullion traders said at overseas market gold rallied to highest level this year. (Photo: Representational/AFP)

Govt fixes Sovereign Gold Bond rate at Rs 2,945 per gram

Minimum investment in the bonds is one gram with a maximum limit of subscription of 500 grams per person per fiscal...

28 Oct 2017 6:58 AM GMT

Small-time traders across the city display signs at their shops indicating that they would accept money via PayTM. They added that the service has come in handy for them after demonetisation. (Photo: Asian Age)

Mobile wallets will enable unlimited transfer of funds: Paytm

Company says RBI guidelines released this month will enable mobile wallets to gain access to more functionalities.

27 Oct 2017 10:06 AM GMT

HDFC Bank is Indias second largest private sector bank. (Photo: YouTube)

HDFC Bank asked to classify recast loan as NPA by RBI

Banks overall gross non-performing assets ratio had been broadly stable at 1.26 per cent.

26 Oct 2017 4:10 AM GMT

Paytm, digital wallet provider, has started its own payments bank. (Photo: AFP)

Paytm adds over 120,000 physical KYC points in India

RBI's new guidelines say all prepaid instruments need to ensure their customers are KYC-enabled.

25 Oct 2017 11:52 AM GMT

Finance Minister Arun Jaitley with RBI governor Urjit Patel at an event. (Photo: PTI)

Banks' recap safeguards India's economic future: Patel

RBI governor adds later a comprehensive policy would be put in place to address challenges faced by banking sector.

25 Oct 2017 9:17 AM GMT

IDFC Limited on Thursday registered a growth of over 65.2 per cent in consolidated net profit at Rs 299.40 crore for Q1.

RBI imposes USD 20 million penalty on IDFC Bank

Monetary penalty on IDFC Bank for contravention of regulatory restrictions pertaining to loans and advances.

24 Oct 2017 2:55 PM GMT

FPIs had invested over Rs 20,000 crore in the capital market in September 2016.

FPIs infuse USD 2 billion in debt markets this month

FPIs however pulled out Rs 3,408 crore from equities on account of profit booking during this period.

22 Oct 2017 8:10 AM GMT

Reserve Bank of India, RBI, is a banking regulator. It also calculates and fixes repo rate. (Photo: AFP)

RBI to empanel ad agencies for multi-media work

The scope of work of empanelled agencies would also encompass production of TV spots/radio jingles.

22 Oct 2017 7:08 AM GMT

Banks will have to make changes in the existing infrastructure which would be a huge challenge for the banks.(Representational Image)

Banking sector stares at additional Rs 40,000 crore NPAs

Total outstanding loan of these accounts at the end of June 2017 were about Rs 42,000 crore.

22 Oct 2017 7:02 AM GMT

Indias GDP growth forecast for the current fiscal to 7 per cent from 7.4 per cent.

India's GVA growth may rise to 6.3 pc in Sep quarter: Nomura

For this financial year Nomura expects a GVA growth of 6.4 per cent, slightly lower than the RBI's forecast of 6.7 per...

22 Oct 2017 5:47 AM GMT

A man gets his retina scan done at an Aadhaar enrollment centre. (Photo: PTI)

Aadhaar linkage with bank accounts must: RBI

Central bank denies media reports and cites Official Gazette published on June 1, 2017.

21 Oct 2017 11:24 AM GMT