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2 mins read
RBI penalizes five banks, including PNB, for regulatory non-compliance in first week of July
The Reserve Bank of India (RBI) has penalized five banks, including Punjab National Bank (PNB), in …
ANI
1 min read
RBI, Bank Indonesia sign pact to promote use of local currencies for bilateral trade
The Reserve Bank of India and Bank Indonesia (BI) on Thursday signed a Memorandum of Understanding …
PTI
2 mins read
RBI cancels license of Pune-based Rupee Cooperative Bank, says 99% depositors will receive full refund
Interestingly, in its order, RBI outlined that the continuance of Rupee Cooperative Bank wou…
2 mins read
Rupee falls 39 paise to a fresh lifetime low of 82.69 against the USD
The rupee depreciated 39 paise to an all-time low of 82.69 against the US dollar in early trade on …
PTI
4 mins read
Global inflation to drop this year amid subpar economic growth: IMF
In most economies, amid the cost-of-living crisis, the priority remains to achieve sustained disinf…
ANI
2 mins read
The number of fake ₹500 notes in India increased by 31% in the last one year
While other denominations have been seeing a drop in the number of fake notes circulated, th…
4 mins read
SC suggest Nirav Modi's bro-in-law to give letter of authority to CBI to access offshore bank accounts
The central probe agency has alleged Mehta received a large sum of money siphoned off in the PNB fr…
PTI
5 mins read
What you must know about the newly formed kerala bank
As per the earlier system, the co-operative banking in the state of Kerala follows a three tie…
2 mins read
IMF sees India as 'bright spot' in global economy, says PM Modi
Prime Minister Narendra Modi Wednesday said the International Monetary Fund (IMF) sees India as a "…
PTI
2 mins read
RBI clarifies that it is not against privatization of public sector banks
India's central bank has come out with a clarification denying that it is against privatization of …
1 min read
Rupee Co-op Bank posts operating profit of Rs 19.55 cr for FY20
The bank, which has been under an RBI-appointed administrator for the last four years, said its jo…
PTI
3 mins read
Govt to kick off FY24 Budget making exercise on Monday
On the first day on Monday, RE meetings with Ministry of Environment, Forest and Climate Change, Mi…
PTI
3 mins read
RBI Financial Inclusion Index – here’s what it means and why it is important
RBI has come out with its financial inclusion index for 2022, showing where India stands when it co…
2 mins read
Cryptocurrencies akin to 'a world of Caribbean pirates' in absence of regulation, says CEA
Chief economic adviser V Anantha Nageswaran on Thursday said cryptocurrencies are akin to 'a world …
PTI
5 mins read
Two years after the PMC Bank crisis, depositors of stressed banks to get up to ₹5 lakh by December
“Accordingly, DICGC shall pay the depositors of the insured banks (as per list) placed under AID…
4 mins read
These are the top takeaways from Finance Minister Nirmala Sitharaman's third installment from Modi's ₹20 lakh crore stimulus
The first tranche was a clearly quantifiable ₹5.9 lakh crore ($78 billion) push for micro, small…
3 mins read
Maharashtra Co-op Bank pitches for branch merger of PMC Bank
Mumbai, Feb 4 () Maharashtra State Co-operative (MSC) Bank has written to Union Finance Minister Ni…
PTI
1 min read
Black money is in foreign banks, says bank association
"Secondly, the problem of fake notes is also not going to be contained by this measure. So long as …
7 mins read
Sahara proves to be the opposite of its name; offers no support to savers
In 2004, Khitish Kumar Pandey took 10,000 rupees ($150) out of his pension and put it into a saving…
5 mins read
The bloc of countries that wants to overthrow the US dollar is set to gain 6 new members here's what the potential recruits have said about de-dollarization
Brazil, Russia, India, China, and South Africa have invited Saudi Arabia, Argentina, Egypt, Ethiopi…