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The Monetary Policy Committee (MPC), headed by RBI Governor Urjit Patel, started its 2-day meeting on Wednesday.

Banks' joust with RBI on new NPA framework reaches House panel

New guidelines also disrupt many other resolutions process of bad loans.

11 April 2018 10:40 AM IST

Secretary of Department of Financial Services Rajiv Kumar. (Photo:Twitter)

Govt cleaning up banking sector, says DFS secretary

Banks have also raised more than Rs 10,000 crore so far and will raise more in coming months from market.

11 April 2018 9:10 AM IST

FDI inflows into India firmed up by 22 per cent to USD 35.85 billion during April-December 2016.

Plans of FDI hike in PSBs on hold now

Bad loans of public sector banks stood at Rs 7.34 lakh crore by the end of second quarter last fiscal.

11 April 2018 9:00 AM IST

The Reserve Bank of India on Monday fixed the reference rate of the rupee at 64.9287 against the US dollar and 79.6870 for the euro.

RBI net buys USD 1.665 billion of US currency in February

RBI's intervention in the foreign exchange market is to curb volatility in the rupee and not to target a price band.

11 April 2018 8:25 AM IST

The Indian rupee plunged to a record low on Thursday

Rupee makes mild recovery amid easing trade war fears

The rupee on Tuesday staged a mild recovery of 3 paise to end at 64.99 against the American currency.

10 April 2018 7:14 PM IST

The US dollar ended sharply cheaper against the rupee at 64.97/98 per dollar.

RBI sets rupee reference rate at 64.9368 against US dollar

The Reserve Bank of India on Tuesday fixed the reference rate of the rupee at 64.9368 against the US dollar and 79.9047...

10 April 2018 5:52 PM IST

Rating agency Icra on Tuesday revised the outlook on NBFCs retail credit growth upwards to about 17-19 per cent for FY18.

NBFCs' retail credit may grow at 17-19 per cent in FY19: Icra

The total managed NBFC-retail credit of NBFCs stood at around Rs 7 trillion as on December 31, 2017.

10 April 2018 5:44 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 mulling converting GSTN to govt company

Currently, private financial institutions are the majority owners in GSTN with 51 per cent stake.

10 April 2018 5:21 PM IST

PIL seeks Madras high court to direct traders to use E-way billing system under the GST. (Photo: File/PTI)

Intra-state e-way bill rollout in 5 states from April 15

Five states which would form part of the first phase are Andhra Pradesh, Telangana, Gujarat, Kerala and Uttar Pradesh.

10 April 2018 12:12 PM IST

Punjab National Bank (PNB)will take care of problems emanating from Rs 13,000-crore fraud perpetrated by billionaire jeweller Nirav Modi on its own and will not seek any governments assistance, its managing director Sunil Mehta said.

Nirav Modi fraud is bank's issue; will not seek govt support: PNB MD

The bank has enough resources and capability to meet the challenges posed by the fraud of this nature, he said.

9 April 2018 7:29 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.

Fitch questions strength of corporate governance at ICICI Bank

Fitch on Monday said it is doubtful about the strength of corporate governance at ICICI Bank.

9 April 2018 5:27 PM IST

The Reserve Bank of India on Monday fixed the reference rate of the rupee at 64.9287 against the US dollar and 79.6870 for the euro.

RBI sets rupee reference rate at 64.9287 against US dollar

The Reserve Bank of India on Monday fixed the reference rate of the rupee at 64.9287 against the US dollar and 79.6870...

9 April 2018 4:30 PM IST