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With multiple agencies probing the alleged Rs 13,000-crore fraud at state-run Punjab National Bank, the Reserve Bank of India (RBI) says it has conducted its scrutiny and the matter is currently under examination for \enforcement action\.Business
RBI board agrees to further examine governance framework

The 18-member board also discussed the draft report on the trends and progress of banking (2017-18).

14 Dec 2018 4:25 PM IST

Shaktikanta Das made the announcement on Thursday at a press conference. (Photo: PTI)Business
RBI board meeting underway to discuss new economic capital framework

The 18-member RBI board will also deliberate on relaxation of prompt corrective action norms.

14 Dec 2018 12:00 PM IST

Higher opening in domestic stock market limited rupee losses. (Photo: PTI).Business
Rupee rises 14 paise against US dollar in early trade

Rupee is trading at 71.82 on the forex market while the domestic equity market opened on a weak note.

14 Dec 2018 10:13 AM IST

The BSE Sensex traded higher by 45.15 points at 33,606.70 and the broader Nifty edged up by 18.70 points to 10,361. (Photo: AP)Business
Sensex, Nifty turn cautious on mixed global cues

The NSE Nifty saw similar movement, shedding 5.55 points, 0.05 per cent, to 10,786.00.

14 Dec 2018 10:07 AM IST

Union Minister Nitin Gadkari on Wednesday clarified over his alleged statement that BJP made tall promises in 2014 elections. (Photo: Twitter | ANI)Nation
Unfair to call Vijay Mallya thief for one loan default: Nitin Gadkari

Gadkari, however, clarified that he has no business dealing with Vijay Mallya, who faces extradition from the UK for...

14 Dec 2018 8:20 AM IST

Reserve Bank of India (RBI) on Thursday directed all payment system operators in India to store data within the country.Business
RBI may cut rates by 50bps in 2019

The continued downward surprise to the inflation trajectory has created the perfect condition for a softening bias by...

14 Dec 2018 1:21 AM IST

Senior Congress leader Prithviraj Chavan (Photo: PTI)Nation
BJP's wrong policies led to severe farm crisis in Maha: ex Maha CM...

Former CM Prithviraj Chavan said people had voted against the anti-farmer, anti-poor, anti-tribal and anti-Dalit'...

13 Dec 2018 6:25 PM IST

The official said that in the last five years rupee was stable against all the major currencies except dollar.Business
Rupee snaps 3-day losing streak, settles 33 paise higher at 71.68

Rupee opened on a firm note at 71.70 against the US dollar and surged further to touch a high of 71.51 during the day.

13 Dec 2018 6:01 PM IST

The Sensex slumped 216.24 points or 0.61 per cent to end the day at 34,949.24 while the Nifty fell 55.35 points or 0.52 per cent to close the session at 10,633.30.Business
Sensex ends over 150 points higher; Yes Bank slumps 6 per cent

The broader NSE Nifty rose 53.95 points, or 0.50 per cent, to 10,791.55.

13 Dec 2018 4:26 PM IST

Nirav Modi and Mehul Choksi are accused in the fraudulent issuance of LoUs and Letters of Credit (LCs) worth USD 2 billion by the PNB. (Photo: File)Nation
On CBI's request, Interpol issues Red Corner Notice against Mehul...

After seeking additional information from CBI, Interpol initiated proceedings against Choksi and now issued notice...

13 Dec 2018 11:30 AM IST

The rupee hit a record low of 70.86 a dollar in the intra-day trade before closing the day at 70.74 a dollar, down 0.20 per cent from its previous sessions close of 70.59.Business
Rupee rises 42 paise against US dollar in early trade

Rupee is trading at 71.59 in early trade after the new RBI governor Shaktikanta Das took charge.

13 Dec 2018 10:10 AM IST

Vijay Mallya, wanted in India on charges of fraud and money laundering amounting to around Rs 9,000 crore, had been on bail since his arrest on an extradition warrant in April last year. (Photo: AP)Nation
'Who leaves with 300 bags, huge cargo?': ED asks Vijay Mallya's lawyer

A court in London Monday ordered the extradition of Vijay Mallya, wanted in India for alleged financial irregularities.

13 Dec 2018 10:07 AM IST

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