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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 to hike rates in June policy: report

Largely on account of sharp increase in crude oil prices over the last few months.

25 April 2018 4:34 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)

Business

RBI sets rupee reference rate at 66.6983 against US dollar

The corresponding rates were 66.3622 and 81.0548, as on yesterday.

25 April 2018 2:14 PM IST

Debt-ridden Videocon Group on Wednesday approached the principal bench of NCLT requesting it to direct all insolvency case.

Business

Videocon approaches NCLT to list all insolvency cases together

The step-down subsidiaries include Videocon Telecom, Electro World and Millennium Appliances.

25 April 2018 12:51 PM IST

The Reserve Bank of India on Monday fixed the reference rate of the rupee at 64.9287 against the US dollar and 79.6870 for the euro.

Business

RBI sets rupee reference rate at 66.2177 against US dollar

The corresponding rates were 66.0167 and 81.4580, as on friday April 20.

23 April 2018 3:26 PM IST

In its first board meeting after a controversy erupted involving Chanda Kochhar and the Videocon Group, leading private lender ICICI Bank examined insolvency cases pending before the National Company Law Tribunal (NCLT) under the Insolvency and Bankruptcy Code, 2016.

Business

Sebi may seek forensic probe of ICICI Bank books, disclosures

The capital markets regulator will also consult the Reserve Bank of India (RBI) on the matter.

22 April 2018 1:18 PM IST

Business

Probability of RBI rate hike has increased, say experts

The minutes of the RBI's monetary policy committee (MPC) are 'hawkish' and indicate a hike in key policy rates.

22 April 2018 11:24 AM IST

People in many states are complaining of cash crunch at ATMs. (Photo: ANI | Twitter)

Opinion

What the cash crunch foretells

The Reserve Bank, unconvincingly, denies that there is any cash crunch & alleges the inefficiency of banks in properly...

21 April 2018 12:26 AM IST

BookMyForex.com is worlds first and largest marketplace for currency exchange and private remittances. (Photo: AFP)

Business

Forex reserves at life-time high of USD 426.082 billion

The country's foreign exchange reserves expanded by USD 1.217 billion to touch a life-time high.

20 April 2018 6:27 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

Yes Bank gets RBI nod to open offices in London, Singapore

This is a significant development in the overall augmentation of Yes Bank's business model.

20 April 2018 11:54 AM IST

Banning of letters of undertaking (LoUs) and letters of comfort (LoCs) by the RBI as trade finance instruments is likely to reduce financial flexibility of importers, a Fitch group company said on Wednesday.

Business

Rise in 1-day defaults worries RBI, defends revised norms

RBI's tough posture comes even as the finance ministry has been pitching for scrapping of this key norm.

19 April 2018 8:56 AM IST

Opinion

ATM mess a mystery: RBI must come clean

One report notes the cash in circulation to GDP ratio stood at 11.6 per cent, and has now declined to 10.7 per cent.

19 April 2018 2:20 AM IST

Most of the bankers claim that they have been continuously replenishing their ATMs across the country but footfalls are high at the ATMs.

Business

Cash position improving, 80 per cent ATMs operating, sources

Unusual spurt in demand for currency had led to many ATMs and banks running out of cash.

18 April 2018 6:31 PM IST