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No records of fake currency deposited in banks: RBI

No records of fake currency deposited in banks: RBI

There is no record available of the fake currency which has been detected in the demonetised notes deposited in banks, Reserve Bank of India has said. Responding to an RTI…

Section of bank employees threaten nation-wide strike on Feb 7

Section of bank employees threaten nation-wide strike on Feb 7

A section of bank trade unions have threatened to go on a day-long nation-wide strike on February 7 to press various demands including complete removal of restrictions imposed during demonetisation…

RBI raises ATM withdrawal limit to Rs 10,000 a day

RBI raises ATM withdrawal limit to Rs 10,000 a day

In a major relief, the Reserve Bank on Monday more than doubled the daily ATM withdrawal limit to Rs 10,000 but retained the weekly ceiling at Rs 24,000. RBI however…

‘Humiliated’ by note ban events: RBI employees to Urjit Patel

‘Humiliated’ by note ban events: RBI employees to Urjit Patel

Feeling ‘humiliated’ by events since demonetisation, RBI employees on Friday wrote to Governor Urjit Patel protesting against operational ‘mismanagement’ in the exercise and the government impinging its autonomy by appointing…

Airtel rolls out payments bank, to invest Rs 3,000 cr

Airtel rolls out payments bank, to invest Rs 3,000 cr

Finance Minister Arun Jaitley on Thursday inaugurated Airtel Payments Bank of Bharti Enterprises, which is being rolled out across the country with an investment of Rs 3,000 crore. “As more…

BoB offers lowest home loans rates at 8.35%

BoB offers lowest home loans rates at 8.35%

State-run Bank of Baroda reduced home loan rates by 70 basis points to the industry’s lowest level of 8.35 per cent that will be applicable for customers having a strong…

RBI may have received Rs 15 lakh crore deposits of old notes

RBI may have received Rs 15 lakh crore deposits of old notes

The Reserve Bank is believed to have received deposits close to Rs 15 lakh crore, of estimated Rs 15.4 lakh crore worth junked Rs 500/1,000 currency notes that were in…

Banks cut base rates; home, corporate loans to be cheaper

Banks cut base rates; home, corporate loans to be cheaper

Housing, auto and corporate loans are all set to become cheaper with half a dozen PSU and private banks on Monday steeply reducing benchmark lending rate by up to 1.48…

SBI cuts lending rate by 90 bps

SBI cuts lending rate by 90 bps

A day after Prime Minister Narendra Modi asked banks to priorities lending towards poor and lower middle class, country’s largest lender SBI cut benchmark interest rate across various maturities by…

Govt names Viral V. Acharya as RBI Deputy Governor

Govt names Viral V. Acharya as RBI Deputy Governor

Government on Wednesday appointed Viral V. Acharya, a professor of Economics in the Department of Finance at the New York University (NYU), new Deputy Governor at the Reserve Bank of…