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RBI Governor Urjit Patel, will announce the resolution of the MPC on its first bi-monthly monetary policy for financial year 2018-19 later in the day.

No RBI nominee should be on banks' boards, says Urjit Patel

The central bank is discussing the matter of RBI nominee director with the Finance Ministry.

12 Jun 2018 7:33 PM IST

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

Next parliamentary panel meeting on finance to be held on June 19

The standing committee meeting is likely to discuss ways to tackle the growing menace of chit fund agencies.

12 Jun 2018 7:11 PM IST

Visiting Venezuelan Foreign Minister Jorge Arreaza said in New Delhi on Monday that Venezuela wants trade with India in oil and other commodities such as food and medicines to be conducted in Indian Rupees and not in US Dollars. (Representational image)

RBI sets rupee reference rate at 67.4571 against dollar

The exchange rates for the pound and the yen against the rupee were 90.0620 and 61.10 per 100 yens, respectively.

12 Jun 2018 3:44 PM IST

Reserve Bank Governor Urjit Patel

RBI Governor Urjit Patel appears before parliamentary panel

The panel has summoned Patel to discuss various issues including the amount of cash returned post demonetisation.

12 Jun 2018 1:37 PM IST

Reserve Bank of India keeps the repo rate and reverse repo rate unchanged.

Reserve Bank of India releases June 2018 issue of monthly bulletin

The Bulletin includes Second Bi-monthly Monetary Policy Statement for the Year 2018-19.

12 Jun 2018 1:14 PM IST

Reserve Bank of India keeps the repo rate and reverse repo rate unchanged.

Reserve Bank of India turns net seller of US dollar in April

In FY18, the apex had net purchased USD 33.689 billion from the spot market.

11 Jun 2018 7:40 PM IST

Y. Venugopal Reddy

Ex-RBI gov slams govt over PNB probe

Reddy also said that after all it is the common man, who will ultimately bear the brunt of the losses due to such...

11 Jun 2018 1:35 AM IST

Cash recovered by Income Tax department from a bank locker in Pune. (Photo: PTI)

Currency with public hits record at over Rs 18 lakh crore

After the recent cash crunch, the government had announced that printing of Rs 500 notes would be stepped up.

10 Jun 2018 12:19 PM IST

Global ratings agency Fitch on Monday said it is doubtful about the strength of corporate governance at ICICI Bank, amid allegations of impropriety against its MD and Chief Executive Officer Chanda Kochhar.

ICICI Bank may appoint MD Mallya as its new chairman, says report

MD Mallya served as the chairman of Bank of Baroda before joining the ICICI Bank board as an independent director.

21 Jun 2018 12:49 PM IST

Union minister Piyush Goyal borrowed the phrase to hit back at the Congress chief for a tweet targeting him over corruption allegations. (Photo: File)

Govt open to consider RBI demand for more powers, says Piyush Goyal

While the RBI regulates all banks in India, 21 state-run banks are also regulated by the government, which owns...

20 Jun 2018 11:22 AM IST

The Reserve Bank last month put IDBI Bank under watch by initiating Prompt Corrective Action against it.

Sriram takes charge as MD and CEO of IDBI Bank

Sriram was appointed MD and CEO in place of Mahesh Kumar Jain who recently took charge as deputy governor of RBI.

30 Jun 2018 6:54 PM IST

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

RBI to take punitive action against errant bank auditors

The circular said quality audits are also a valuable input in the supervisory process of RBI over banks.

30 Jun 2018 5:52 AM IST