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Deputy governor Viral Acharya today said the switch to GDP is mainly to conform to international standards.

Business

RBI employees association seek central bank's autonomy: Viral Acharya

Govts that do not respect central bank's independence would sooner or later incur the wrath of the financial markets.

29 Oct 2018 8:57 AM

The RBI has asked Axis Banks board to re-consider the decision to re-appoint Shikha Sharma as its MD and CEO for a fourth term.

Opinion

RBI should be autonomous

The government also had its differences with RBI governor Raghuram Rajan and that was why, it is said, he was not given...

22 Oct 2018 6:33 PM

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

Business

Reserve Bank of India highlights inflation spike risk, signal rate...

Five of six MPC members had voted for keeping rates on hold at 6.50 per cent, surprising most economists.

22 Oct 2018 3:33 AM

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

RBI directs Yes Bank to appoint successor to Rana Kapoor by February 1

Reserve Bank has refused to give an extension to Yes Bank MD and CEO Rana Kapoor.

17 Oct 2018 11:42 AM

Technology

RBI lays out rules to make mobile wallet payments seamless

Digital wallet companies, if they so desire, can now use a state-backed payments network.

17 Oct 2018 1:54 AM

Business

RBI sticks to October 15 deadline for data localisation in public...

The central bank in April gave six months time to global payment companies to store transaction data of Indian customers...

14 Oct 2018 7:35 AM

Union Minister Arun Jaitley said that Congress had no real issue and was hence resorting to manufacturing. (Photo: File)

Business

WhatsApp ready with system to comply with RBI's norms

In April, the Reserve Bank of India (RBI) came out with a circular regarding data localisation policy for payment system...

9 Oct 2018 7:05 PM

Youngsters are using WhatsApp to consume news. (Photo: Pixabay)

Business

WhatsApp sets up system to store payments data locally as per RBI norm

RBI had given time till October 15 to comply with the mandate.

9 Oct 2018 7:08 AM

Shares of Federal Bank on Tuesday surged over 19 per cent after the company registered a 25 per cent increase in its net profit for first quarter of the current fiscal.

Business

Federal Bank gets RBI nod to sell 45 pc stake in NBFC arm to True...

The lender said that Reserve Bank earlier last week gave approval for the proposed transactions.

8 Oct 2018 11:06 AM

Finance Minister Arun Jaitley clarified confusions posed due to allegations on the Rafale aircraft deal saying the government has maintained complete transparency in the matter and the negotiations have helped bring down the costs of the fighter jets. (Photo: ANI)

Business

Arun Jaitley meets RBI DG, IT Secretary for data localisation

The meeting was also attended by Subhash Chandra Garg, Rajiv Kumar and Ajay Prakash Sawhney.

8 Oct 2018 10:47 AM

Business

Non-banking financial companies slip as RBI plans to strengthen norms

Dewan Housing Finance Corporation Ltd's stock fell as much as 12.3 per cent.

8 Oct 2018 9:11 AM

The Reserve Bank is expected to go for a hike in key policy rates by the fourth quarter of this year.

Business

RBI extends curbs on Shree Ganesh Sahakari Bank by 3 months

As per the extension, the cooperative lender will be under "directions" till December 29, 2018, it said.

4 Oct 2018 6:34 AM