The fall was nearly two-thirds of the Rs. 23,000 crore stashed in December of 2006, says a report.
Jun 30, 2016
Under a severe stress situation, total bad loans could rise to 9.3 percent in March 2017, the RBI said in its Financial Stability Report.
Jun 28, 2016
The auctioning is the largest ever in the country, which is also the world's second largest telecommunication market.
Jun 22, 2016
Expenditure on higher education, medical treatment will qualify as reasons strong enough for complete withdrawal of the deposit amount.
Jun 20, 2016
The bill seeks to hasten the process of bad loan recovery when stressed assets in banks are estimated at Rs. 8 lakh crore.
Jun 16, 2016
The firm allegedly violated FEMA rules over foreign direct investment to the tune of Rs. 578.54 crore during 2006-2010.
Jun 7, 2016
Switzerland's support to help India could be a stepping stone in probing black money parked in Swiss bank accounts
Jun 7, 2016
SBI is the first bank to launch Electronic Verification Code via ATMs.
Jun 4, 2016
Banks use secure SWIFT messages for issuing payment instructions to each other.
May 21, 2016
The South American country owes the amount to pharma firms such as Dr Reddy's, Sun Pharma and Glenmark for medicine supplies.
May 19, 2016
According to the income tax data, revealed after 15 years, there were 2.8 crore individual tax assessees during 2011-12.
Apr 30, 2016
A public interest litigation highlighted huge differences in the write-offs reported by banks individually and the RBI.
Apr 26, 2016
A massive leak of confidential documents has revealed how the worlds elite use offshore tax havens to hide billions.
Apr 4, 2016
India needs $100 billion to increase its solar power capacity to 100 gigawatts over next six to seven years.
Apr 1, 2016
Proceeds of the bonds will be used to advance private sector development in India.
Mar 17, 2016