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Reserve Bank of India (RBI) on Thursday directed all payment system operators in India to store data within the country.

NPA situation likely to worsen further, says Reserve Bank of India

The RBI said stress in the banking sector continues as gross non-performing advances ratio rises further.

26 Jun 2018 7:01 PM IST

The government is considering converting GST Network- which is handling the IT infrastructure of the new indirect tax regime - into a state-owned company, an official source said.

Govt plans mega event to mark 1st anniversary of GST on July 1

Union Minister Arun Jaitley too would be addressing the gathering through video conferencing.

26 Jun 2018 3:52 PM IST

India in better position to deal with oil shock

Rupee's free fall may lead to inclusion in fragile 5 economy, warns Ind-Ra.

26 Jun 2018 12:34 AM IST

If the Reserve Bank of India has been caught napping in the Punjab National Bank episode, one reason could be that the RBI does not have a full-time deputy governor to supervise banks.

RBI may hike rates further to check inflation, says HSBC

Expectations for Fed rate hikes have increased further in recent weeks.

25 Jun 2018 1:41 PM IST

Global ratings agency Fitch on Monday said it is doubtful about the strength of corporate governance at ICICI Bank, amid allegations of impropriety against its MD and Chief Executive Officer Chanda Kochhar.

ICICI gets new whistleblower complaint on loan accounts amounting Rs...

ICICI Bank on Friday said it had received complaints about 31 loan accounts from an anonymous complainant.

23 Jun 2018 12:22 PM IST

In its first board meeting after a controversy erupted involving Chanda Kochhar and the Videocon Group, leading private lender ICICI Bank examined insolvency cases pending before the National Company Law Tribunal (NCLT) under the Insolvency and Bankruptcy Code, 2016.

ICICI Bank yet to answer Sebi on queries relating to Chanda Kochhar

The private bank is facing multiple probes into alleged lapses involving Kochhar and her family members.

22 Jun 2018 12:10 PM IST

US President Donald Trump.

India hikes import duty on US goods

Sources said the duty hike by India would have equivalent tariff implications for the United States.

22 Jun 2018 12:50 AM IST

Global ratings agency Fitch on Monday said it is doubtful about the strength of corporate governance at ICICI Bank, amid allegations of impropriety against its MD and Chief Executive Officer Chanda Kochhar.

ICICI Bank may appoint MD Mallya as its new chairman, says report

MD Mallya served as the chairman of Bank of Baroda before joining the ICICI Bank board as an independent director.

21 Jun 2018 12:47 PM IST

The police arrested chief executive and an executive director of state-run Bank of Maharashtra on Wednesday, accusing them of misusing their authority in making loans to a property developer.

Police arrests CEO, director of Bank of Maharashtra over loan frauds

State-run banks have reported 8,670 cases of fraudulent loans totalling 612.6 billion rupees over five financial years.

21 Jun 2018 11:15 AM IST

The government has asked PNB and probe agencies to share details of the Rs 13,000 crore scam with chartered accountants apex body ICAI, which is looking into the systemic issues related to the fraud, an official said.

Lapses at many levels of bank led to huge PNB fraud, says report

The bank's CEO Sunil Mehta told in April he had suspended 21 officials and â€œwill not spareâ€ others found involved in...

20 Jun 2018 11:03 AM IST

ICICI Bank MD and CEO Chanda Kochhar has pulled out of the annual session of FICCI Ladies Organisation (FLO).

ICICI Bank names Bakhshi interim head as CEO Chanda Kochhar goes on...

Bakhshi will report to the bank's board during the period of Kochhar's leave.

19 Jun 2018 11:09 AM IST

In its first board meeting after a controversy erupted involving Chanda Kochhar and the Videocon Group, leading private lender ICICI Bank examined insolvency cases pending before the National Company Law Tribunal (NCLT) under the Insolvency and Bankruptcy Code, 2016.

ICICI Bank Board to decide its CEO Chanda Kochhar's fate today

ICICI Bank shares gained 3.95 per cent on Monday.

18 Jun 2018 3:35 PM IST