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On October 1, the government superseded the board of IL&FS and appointed a new board, with banker Uday Kotak as its executive chairman.

IL&FS crisis: Normalcy to return to system in couple of weeks, says...

The company as of March 2018 owed over Rs 91,000 crore to banks and other creditors.

30 Oct 2018 11:45 AM IST

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

RBI allows banks for fire audit of currency chests by approved...

Banks maintaining currency chests are required to get fire audit done once in a two years.

29 Oct 2018 4:36 PM IST

Indian banks on top of situation over NPA problem: SBI Chairman

Insolvency and Bankruptcy Code has come as a "very good tool" in the hands of the banks and the financial creditors.

29 Oct 2018 11:57 AM IST

The Monetary Policy Committee (MPC), headed by RBI Governor Urjit Patel, started its 2-day meeting on Wednesday.

Top RBI official speaks up for central bank independence

The risks of undermining the central bank's independence are potentially catastrophic, said Acharya.

27 Oct 2018 10:26 AM IST

On Tuesday, the Indian rupee closed the session on a flat note at 69.83 a dollar.

Rupee may trade at 69.79 in H2 if RBI mops up USD 30 bn from NRIs

The rupee is the worst-performing emerging market currency losing over 15 per cent year-to-date.

25 Oct 2018 3:40 PM IST

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

Govt coerces RBI to ease PCA norms

Economic policy decisions can't be too stringent to adjust in times of crisis, said a finance ministry official

25 Oct 2018 10:55 AM IST

The RBI has always said monetary policy should be accompanied by fiscal policy if the wheels of the economy are to be greased. (Photo: PTI)

CAG Mehrishi questions RBI's accountability over NPA crisis in banks

The banking sector had NPAs or bad loans worth over Rs 9.61 lakh crore by the end of 2017-18.

23 Oct 2018 4:19 PM IST

Domestic investors were reluctant to expand their portfolios ahead of the RBIs monetary policy review, brokers said.

RBI's MPC highlights inflation spike risk, signal rate hikes

India's retail inflation rose to 3.77 per cent in September from 3.69 per cent in August.

20 Oct 2018 11:16 AM IST

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

RBI allows banks to lend more to some non-banking finance firms

The limit has been raised from 10 per cent and is effective up to December 31.

19 Oct 2018 11:26 AM IST

Indias current account deficit widened in the four quarters through June 2018 to 1.9 per cent of the GDP.

US says it could remove India from currency monitoring list

Foreign currency reserves stood at USD 380 billion, equal to 3.7 times gross short-term external debt.

18 Oct 2018 9:09 AM IST

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

RBI guidelines on mobile wallet payments out

Currently, a mobile wallet does not allow customers to send or receive money from a wallet run by another company.

17 Oct 2018 8:49 AM IST

Nirav Modi and (right) Vijay Mallya, prominent white-collar scamsters in recent times

CVC analyses top 100 bank frauds, shares report with RBI, ED and CBI

The analysis focused on modus operandi, amount involved, type of lending, anomalies observed and loopholes facilitating...

16 Oct 2018 6:28 PM IST