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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.

Economic misadventure

The justification about flushing out fake notes that are thought to support terrorism also proved to be too fanciful.

10 Nov 2018 1:10 AM IST

Urjit Patel, governor, RBI

Govt-RBI row may delay bill, Urjit to skip LS panel hearing

The committee is supposed to submit its final report on the bill within three months, and is therefore racing against...

6 Nov 2018 12:38 AM IST

Urjit Patel, governor, RBI

RBI chief served notice for not disclosing wilful defaulters' list

CIC has asked PM's Office, Finance Ministry and RBI to make public the letter of Raghuram Rajan on bad loans.

5 Nov 2018 8:03 AM IST

Prime Minister Narendra Modi further said that the government has taken several measures for improving the ease of doing business in the country. (Photo: PTI)

Govt finally eases biz for MSMEs

MSMEs get just 6 per cent of their loan requirements from banks, since they are not in a position to offer collateral to...

4 Nov 2018 12:00 AM IST

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.

Govt-RBI tussle over use of huge reserves?

That India's finances are weak is a reality that is giving the jitters to the Modi government, with the general election...

2 Nov 2018 12:00 AM IST

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

Use caution or brace for slowdown: Experts

The clause empowers the central government to order the RBI to take specific action on the issues that it considers to...

1 Nov 2018 12:55 AM IST

Rs 10 denomination banknotes in chocolate brown color.

Rs 10 note in brown colour

The Reserve Bank will soon bring into circulation new Rs 10 denomination banknotes in chocolate brown color.

6 Jan 2018 1:09 AM IST

The CBI filed its charge sheet in the case in 2016. (Photo: PTI)

Bank of Maharashtra goes to CBI with Rs 9.5cr loan fraud

The Bank of Maharashtra said that the accused persons, in criminal conspiracy, had dishonestly induced the bank for...

25 Feb 2018 5:26 AM IST

Banks report Rs 61,260 crore frauds

State-owned banks report 8,670 loan fraud cases till 2017, says RBI data.

17 Feb 2018 1:29 AM IST

PNB customers will have to pay charges for depositing cash above Rs 5,000 in a non-base branch even if it is located in the same city.

Unpublished data shows India's fraud problems extend far beyond PNB

RBI data shows state-run banks have reported 8,670 'loan fraud' cases Rs 612.6 bn over last 5 financial years up to...

16 Feb 2018 6:00 PM IST

The survey said the problem has continued to fester as Non-Performing Assets (NPAs) of the banking system (especially public sector banks) keep increasing, while credit and investment keep falling.

New rules to boost NPAs

According to data compiled by ICRA for around 50 large borrowers having banking exposure of Rs 2,000 crore or more and...

14 Feb 2018 1:11 AM IST

The two unlisted associate banks which will be merged with SBI are State Bank of Patiala (SBP) and State Bank of Hyderabad (SBH).

SBI wrote off bad loans worth over Rs 20,000 cr last fiscal

PSBs are faced with mounting NPAs or bad loans, putting the financial sector under stress.

12 Feb 2018 12:01 PM IST