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Defending the banks in this issue, a senior official, however, claimed that the quick mortality rate on Mudra loans has come down drastically after strict norms issued by the RBI and the ministry of finance.(Representational image)

Bank recap may not mean faster loan growth

The agency noted that the authorities' approach to the banking sector has clearly shifted towards spurring lending in...

28 Feb 2019 12:32 AM IST

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

Business

RBI board okays Rs 28,000 interim dividend to govt

With this, RBI's total dividend payout to the government for FY19 stands at Rs 68,000 crore.

19 Feb 2019 1:42 AM IST

The needless controversy between the government and the RBI is a direct consequence of economists without any practical experience in administering policies at a high level being inducted to executive positions.

Business

First time in FY19, RBI becomes net buyer of dollars in Dec

The central bank bought USD 837 million and sold USD 230 million in the spot market during the reporting month.

17 Feb 2019 11:34 AM IST

Meanwhile, Congress MP Rajni Patil gave zero hour notice in Rajya Sabha over the issue of 33 per cent reservation for women in Parliament and Assembly. (Photo: ANI)

Business

Govt may consider approval of Rs 5,500-cr FAME-II scheme this month

The scheme in its second phase will offer a bouquet of incentives, such as exemption from paying road tax, registration...

17 Feb 2019 11:00 AM IST

$Midsize private sector lender Yes Bank is aiming to evolve itself into a \technology company in the business of banking\ and has accordingly announced a rejig of its senior management.$ Business

RBI threatens action against Yes Bank for disclosing nil divergence...

Yes Bank had said the RBI has not found any divergence in the asset classification, provisioning done by the lender...

16 Feb 2019 2:10 PM IST

$Midsize private sector lender Yes Bank is aiming to evolve itself into a \technology company in the business of banking\ and has accordingly announced a rejig of its senior management.$ Business