Reserve Bank of India
Despite the setbacks, Yes Bank, however, maintained its credit cost guidance at 1.25 per cent for the entire year, stating that the same stood at 0.32 per cent for the first quarter.
17 Jul 2019 6:52 PM

The bank's fresh slippages at Rs 6,232 crore nearly doubled if compared to the Rs 3,408 crore in the previous quarter.

JSW Steel had revised its offer from Rs 11,000 crore to Rs 18,000 crore and later to over Rs 19,000 crore, whereas Tata Steel's last offer was at Rs 17,000 crore after it had refused to revise its bid.
15 Jul 2019 3:30 PM

NCLT said that alleged fraud reports will not have any impact on the insolvency resolution process and JSW's resolution plan for BPSL.

The proposed mobile app would be able to identify the denomination of notes of Mahatma Gandhi Series and Mahatma Gandhi (New) series by capturing the image of the notes placed in front of mobile camera, the RBI said while inviting bids from tech firms to develop the app.
14 Jul 2019 7:37 PM

RBI said identification of banknote denomination is key to successful completion of cash transactions by visually impaired persons.

State Bank of India
13 Jul 2019 1:27 AM

SBI has also decided to do away with the charges on fund transfer through mobiles using the IMPS (immediate payment service) from August 1.

Political stability, lower inflation coupled with the Reserve Bank's stance to lower interest rates is driving the enhanced retail inflows towards equity-oriented schemes, Amfi chief executive NS Venkatesh said in a statement. (Representational Image)
08 Jul 2019 7:47 PM

Net flows into the open-ended growth and equity-oriented schemes rose to Rs 7,663.14 crore in June from Rs 4,608.74 crore in April.

RBI Governor Shaktikanta Das said overall the system liquidity is hugely in surplus and if individual banks have liquidity issue, the RBI will provide liquidity support to them.
08 Jul 2019 7:46 PM

During this year, RBI reduced the policy rate thrice with an aggregate reduction of 0.75 percentage point in repo rate.

The reserves nearing USD 428 billion can take care of imports for almost 10 months, according to market experts. (Representational Image)
05 Jul 2019 7:46 PM

In the previous reporting week, the reserves had surged by USD 4.215 billion to USD 426.42 billion.

Replying to a question in Lok Sabha, Finance Minister Nirmala Sitharaman said RBI was closely monitoring the liquidity position of NBFCs and will continue to monitor the activity and performance of the sector. (Photo: File)
01 Jul 2019 5:07 PM

As on June 23, 2019, 9,643 NBFCs were registered with RBI.

NS Vishwanathan. (Photo: File |
01 Jul 2019 2:48 PM

Previously NS Vishwanathan was appointed as RBI Deputy Governor on July 4, 2016 for a period of three years.

A series of defaults last year by a financing firm, Infrastructure Leasing and Financial Services (IL&FS), led to the government taking over its operations.
28 Jun 2019 3:44 PM

The central bank issued the warning in its latest Financial Stability Report, released on Thursday night.

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