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Viral Acharya. (Photo: YouTube screengrab)

Viral Acharya, 'poor man's Rajan', new RBI Deputy Governor

The 42-year-old Acharya's appointment for a three-year tenure was cleared by the Appointments Committee of the Cabinet.

28 Dec 2016 8:15 PM IST

There are allegation that from November 15 to November 18, the bank manager had issued 149 demand drafts for amounts less than Rs 50,000 in favour of a Pune-based finance company in violation of RBI guidelines.

Viral Acharya appointed RBI deputy governor

Acharya is known for his research in theoretical and empirical analysis of systemic risks of the financial sector.

28 Dec 2016 1:57 PM IST

RBI has also reported that the general public has withdrawn Rs. 1,03,316 crore from their accounts either over the counter or through ATMs during this period.

Banks told to distribute 40 per cent of notes in villages

Reserve Bank has also asked banks to ensure that the notes supplied to rural areas are in denomination of Rs 500 and Rs...

4 Jan 2017 6:09 AM IST

Paytm Payments Bank is aimed to build a new business model in banking industry, focussed on bringing financial services to hundreds of millions of unserved or underserved Indians.

Paytm to formally launch payments bank

The e commerce firm received final approval from Reserve Bank of India for opening.

3 Jan 2017 9:06 PM IST

Reserve Bank of India

People with old notes turned away by RBI

Indians who were abroad during demonetisation have been given a 3-month grace period.

3 Jan 2017 8:58 PM IST

There are allegation that from November 15 to November 18, the bank manager had issued 149 demand drafts for amounts less than Rs 50,000 in favour of a Pune-based finance company in violation of RBI guidelines.

RBI asks banks to supply currency to rural areas

RBI issued circular to banks asking them to supply atleast 40 per cent of the bank notes.

3 Jan 2017 2:39 PM IST

Fake notes of Rs 2000 which were dispensed by an SBI ATM in south Delhi. (Photo: AP)

No limit on withdrawing money from savings account

The demonetisation of high value currency notes was announced on November 8, 2016.

14 March 2017 12:33 AM IST

RBI had issued a notification saying that the withdrawal limit of cash from savings bank accounts will be relaxed to Rs. 50,000 from February 20

Cash withdrawal limits from banks removed from today

Last month, the RBI had issued a notification that there would be no restrictions from March 13.

13 March 2017 5:31 PM IST

Reserve Bank of India

Reserve Bank of India releases banks frauds list

The list is topped by ICICI Bank, closely followed by SBI, Standard Chartered and HDFC Bank.

12 March 2017 1:35 PM IST

Kingdom of Swazilands King Mswati-III shakes hands with CII president Naushad Forbes with Nirmala Sitharaman watching at the 12th CII-Exim Bank Conclave in New Delhi. (Photo: PTI)

Banks may default on paying bond interest

Cash injection, RBI measures not enough, says Fitch.

10 March 2017 6:32 AM IST

RBI governor Urjit patel

RBI chief faces saffron rage on loan waiver

Chief of BJP farmers' wing says 95 per cent of farm loans have been repaid.

8 April 2017 2:57 AM IST

Reserve Bank of India

RBI moves to take cash out of markets

Inflation concerns cited as primary reason to hold rate.

7 April 2017 1:36 AM IST