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RBI

Reserve Bank of India

RBI monetary policy meeting on February 8 crucial after Union Budget 2017

The sixth bi-monthly monetary policy statement of RBI on February 8 will come after Union Budget 2017; comments on demonetisation and rate cut will be key. Feb 3, 2017
India Post Payments Bank

India Post Payments Bank: The 'game changer' to get 650 branches by September, says Arun Jaitley

Jaitley feels doorstep banking will no longer remain a mere slogan, but will become a reality due to the huge India Post network in the country. Jan 30, 2017
budget 2017, fm arun jaitley, pm modi, taxation, pay commission, ids, tax collection, repo rate cut

Budget 2017: FRBM panel submits report on GDP, tax numbers to Arun Jaitley

The FRBM committee was constituted by the Narendra Modi government in May 2016 under the chairmanship of former MP NK Singh. Jan 23, 2017
retail inflation, consumer inflation december, india, rbi inflation target, iip november, dbs bank

India's consumer inflation for December estimated at 3.6%: DBS Bank

For November, retail (consumer) inflation fell to a two-year low of 3.63 percent, largely due to demonetisation-induced slowdown. Jan 11, 2017
Rs 2000 note

Here's why the Rs 2,000 notes without Mahatma Gandhi photo are not fake

Madhya Pradesh farmers recently withdrew money from an SBI ATM to find that some Rs 2,000 notes had no photo of Mahatma Gandhi. Jan 5, 2017
Paytm, digital wallet, payments bank, online payments, digital payments, wallet service

5 things to know about Paytm's payments bank

The RBI on Tuesday gave approval to Paytm to launch its payments bank. Jan 4, 2017
New Rs 1000 note

Are these new Rs 1,000 currency notes real or fake? [PHOTO]

Here is a comprehensive study on the images of the new green Rs 1,000 currency notes being circulated on social media. Dec 30, 2016
india news, india fiscal deficit, modi govt, pm modi, modinomics

India Inc raises Rs 1,424 crore in rupee bonds in November

Power Finance Corporation, with Rs 676 crore in borrowings, said it raised the money for the purpose of lending or sub-lending. Dec 27, 2016
India rupee

Demonetisation: Will citizens holding scrapped Rs 500, Rs 1,000 notes after December 30 have to pay Rs 50,000 fine?

There could also be criminal liability and the cases involving violation of the rule will be heard by the municipal magistrate who will decide on the penalty. Dec 27, 2016
budget 2017, demonetisation, remonetisation, pm modi, announcement, rbi

Budget 2017: PM Modi to meet economists, experts on Tuesday

The Budget session of the Parliament is expected to begin from February 1, 2017. Dec 26, 2016
Reserve Bank of India

Demonetisation jokes: Monetary move has people suggesting the weirdest 'next RBI rule' on Twitter

The Reserve Bank of India became the butt of jokes on social media with people speculating what the funniest or weirdest "next RBI rule" would be. Dec 24, 2016
Rs 2000, raids, currency, cash seized

Demonetisation will help government earn Rs 2-3 lakh crore in taxes: Manohar Parrikar

The RBI has, meanwhile, imposed restrictions on depositing more than Rs 5000 in old currency notes. Dec 19, 2016
Reserve Bank of India

Bengaluru: 2 RBI officials arrested for currency exchange fraud

The latest arrests have raised questions on the role played by the central bank officials in currency exchange process. Dec 18, 2016
gold demand india imports wgc prices

India's gold imports fall 30% till November in FY2016-17

In the first eight months (April-November) this year, gold imports into India dropped by $6.9 billion, or 30.5 percent. Dec 16, 2016
A bank employee stacks banned Rs 1,000 notes.

Don't trust your bankers: Three bank employees are sacked every two days, says CVC report

Between 2011 and 2015, as many as 3,100 bank employees were fired, according to data collected by the Central Vigilance Commission. Dec 14, 2016
demonetisation raids karnataka corruption fraud notes banks bureaucrats raids income tax acb police bengaluru exchange commission nexus contractors

After appearing as question in IIT exams, demonetisation now reaches B-schools

Popular business schools are planning to introduce projects or chapters on demonetisation to understand how the move will help curb black money. Dec 13, 2016
Wonder Woman

Evening wrap: RBI using CCTV to monitor bank staff and customers, Wonder Woman replaced as UN ambassador and more

Read more about a man-made diamond harder than diamond, tiny Messi fan getting to meet the football player and Donald Trump. Dec 13, 2016
A bank employee stacks banned Rs 1,000 notes.

Black money after demonetisation: How RBI is using CCTV footage to monitor bank staff and customers

An ever-vigilant RBI is leaving no stone unturned to ensure that money launderers are caught. Dec 13, 2016
personal finance sundaram reliance mf nfo investment retail investors india idbi reliance hdfc icici mf elss equity

Paytm CEO Vijay Shekhar Sharma sells 1% stake to raise Rs 325 crore

The money would be utilised to fund Paytm's upcoming payments bank. Dec 9, 2016
rupee vs dollar us india american us fed interest rate hike raise reserve elections donald trump modi govt all time low 2013 bjp nda arun jaitley

RBI issued currency notes worth Rs 4.27 lakh crore following demonetisation

The central bank also said that defunct notes worth Rs 11.85 lakh crore have been returned to the banking system. Dec 9, 2016
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