22 May 2020
Amid coronavirus crisis, RBI extends loan moratorium till August
Addressing the media on Friday, RBI Governor Shaktikanta Das said the central bank has brought down the repo rate by 40 basis points.
20 Apr 2020
#LockdownRelaxation: Industries which will be operational from April 20
India entered the second phase of the coronavirus-enforced lockdown on April 15, after Prime Minister Narendra Modi announced the extension of the nationwide lockdown till May 3 to contain the spread of the deadly COVID-19.
18 Apr 2020
Coronavirus: 486 dead in India; 70% deaths in 5 states
India on Friday reported 14,300 cases of the coronavirus disease (COVID-19), including 486, data compiled from official state government statistics showed.
17 Apr 2020
More services to be allowed after April 20: Details here
The Centre has revised the list of what will be allowed after April 20 in areas where the impact of coronavirus is the least. Non-banking finance corporations and micro-finance institutions will be allowed to resume.
27 Mar 2020
RBI's 3-month EMI moratorium: All you need to know
Earlier in the day, the Reserve Bank of India (RBI) announced a few measures in view of the 21-day lockdown over coronavirus.
18 Mar 2020
Yes Bank resumes full banking services as RBI lifts moratorium
The ailing private lender Yes Bank on Wednesday confirmed that its banking services are now fully operational.
16 Mar 2020
India not immune to economic impact of COVID-19: RBI Governor
Reserve Bank of India (RBI) Governor Shaktikanta Das addressed a press conference at the central bank's headquarters in Mumbai on Monday.
16 Mar 2020
RBI's new rules for debit, credit cards take effect today
Starting today, a set of new rules will apply to debit and credit cards to increase security and reduce the risks of cyber fraud.
14 Mar 2020
Yes Bank rescue plan unveiled, withdrawals restrictions to be lifted
Crisis-hit Yes Bank got a lifeline after the Union Cabinet, chaired by Prime Minister Narendra Modi, notified a reconstruction plan backed by the State Bank of India (SBI).
10 Mar 2020
Yes Bank depositors can now use IMPS/NEFT to pay dues
The crisis-hit lender Yes Bank on Tuesday allowed customers to make certain transactions using instant money transfer services.
09 Mar 2020
Yes Bank crisis: In six months, depositors withdrew Rs. 18,000cr
The Yes Bank crisis may have been exposed last week, but depositors of the once famed lender anticipated trouble months ago, prompting them to withdraw their money.
09 Mar 2020
Booked for corruption, Yes Bank's founder Rana Kapoor breaks down
Rana Kapoor, the founder of crisis-hit Yes Bank, was on Sunday booked by the Central Bureau of Investigation (CBI) for alleged criminal conspiracy, cheating, and corruption.
07 Mar 2020
SBI working on Yes Bank's reconstruction scheme, says bank chief
State Bank of India Chairperson Rajnish Kumar on Saturday said that the bank has received the draft scheme for the reconstruction of the crisis-hit Yes Bank.
07 Mar 2020
Yes Bank founder Rana Kapoor's home raided by Enforcement Directorate
The Enforcement Directorate on Friday raided the home of Yes Bank founder Rana Kapoor in Mumbai.
06 Mar 2020
Explained: The rise and fall of Yes Bank
Yes Bank depositors panicked when on Thursday, the Reserve Bank of India (RBI) capped cash withdrawals at Rs. 50,000.
06 Mar 2020
Amid Yes Bank crisis, Sitharaman assures depositors' money safe
Finance Minister Nirmala Sitharaman on Friday gave assurance to the depositors of cash-starved Yes Bank.
06 Mar 2020
Yes Bank crisis: Things to know if you're a customer
In a drastic move, the Reserve Bank of India (RBI) took over the board of private lender Yes Bank on Thursday night, while also putting a cap of Rs. 50,000 on withdrawals.
05 Mar 2020
India's five most influential and successful women in finance
The world of finance used to be seen as an industry only for men for the longest time. However, that has changed in the last few years.
18 Feb 2020
Telcos partially pay government dues; 'slim hope' for Vodafone-Idea
Ailing telecom companies have paid their dues linked to adjusted gross revenue (AGR) in part to the government.
07 Feb 2020
SBI home loans to get cheaper as lender slashes MCLR
India's largest lender, the State Bank of India (SBI) on Friday cut its lending rates.
06 Feb 2020
Reserve Bank of India keeps repo rate unchanged at 5.15%
The Reserve Bank of India (RBI), kept the repo rate unchanged at 5.15%. The reverse repo rate also remained the same at 4.90%.
17 Jan 2020
Budget 2020: What to expect? When will it be presented?
With the economy in crisis, all eyes are on the upcoming Union Budget for the fiscal year 2020-21.
17 Jan 2020
Cards never used for online transactions will be disabled: RBI
In a major move, the Reserve Bank of India (RBI) has asked banks and card issuers to disable online payment facility on all credit/debit cards that have never been used for an online transaction or contactless payment.
14 Jan 2020
BJP MP pacifies panicked Bengaluru bank depositors amid RBI restrictions
Days after the Reserve Bank of India imposed regulatory restrictions on a co-operative bank in Bengaluru, Bharatiya Janata Party MP Tejasvi Surya assured panicked depositors that the Finance Minister was personally looking into the matter.
13 Jan 2020
Retail inflation recorded at 7.35% in December, highest in 5-years
India's retail inflation stood at 7.35% in December last year mainly due to the rise in vegetable prices, data released by the Ministry of Statistics & Programme Implementation (MoSPI) revealed on Monday.
28 Dec 2019
Swiggy launches its own digital wallet, with limited capabilities
In a major move, food-tech giant Swiggy has launched its own digital wallet - Swiggy Money.
21 Dec 2019
Bank KYC forms to start asking your religion: Here's why
Banks may soon start asking depositors to disclose their religion. What's the need for this?
14 Dec 2019
#FinancialBytes: What are neobanks? Here's all you need to know
Neobanks, the new digital-only entrants in the fintech space, have been taking the industry by storm not only in India but across the world.
09 Dec 2019
SBI will deactivate these debit cards by December 31
India's largest public sector bank, the State Bank of India (SBI), is planning to deactivate some debit cards by the end of this month.
08 Dec 2019
#FinancialBytes: What is advance tax and who should file it?
Income tax accounts for a significant part of the government's revenue, and it is the responsibility of taxpayers to pay the required tax on the income they earned during a year on time.
07 Dec 2019
From December 16, you can make NEFT transactions 24x7
Bank customers will soon be able to make NEFT transactions any time, any day.
24 Nov 2019
#FinancialBytes: Lost credit card? Here's what you should do next
Credit cards are one of the widely-used cashless payment methods because of the convenience they offer.
21 Nov 2019
Congress stages walkout in Lok Sabha over electoral bonds
Members of Parliament (MPs) of the Congress party staged a walkout from the Lok Sabha on Thursday over the issue of electoral bonds. The party also protested the privatization of public sector units (PSUs).
05 Nov 2019
PMC Bank crisis: RBI raises withdrawal limit to Rs. 50,000
The withdrawal limit for account holders of the crisis-hit Punjab and Maharashtra Cooperative (PMC) Bank has been raised to Rs. 50,000, the Reserve Bank of India (RBI) said in a press release on Tuesday.
19 Oct 2019
Mumbai: Two senior citizens faint protesting over PMC Bank crisis
As depositors of scam-hit Punjab and Maharashtra Cooperative Bank (PMC) staged a protest outside the Reserve Bank of India (RBI) headquarters in Mumbai on Saturday, two senior citizens, who had joined the protest, fainted.
19 Oct 2019
PMC crisis: 83-year-old dies; couldn't withdraw funds for heart surgery
An 83-year-old account holder of the scam-hit Punjab and Maharashtra Co-operative (PMC) Bank died of heart attack in Mumbai on Friday, after failing to raise sufficient funds for heart surgery.
18 Oct 2019
PMC Bank: SC dismisses petition to end cash withdrawal restrictions
On Friday, the Supreme Court refused to hear a petition filed on behalf of account holders in the Punjab and Maharashtra Co-operative (PMC) Bank seeking the lifting of restrictions on cash withdrawals.
14 Oct 2019
PMC Bank crisis: RBI hikes withdrawal limit to Rs. 40,000
In a major relief for customers of the crisis-hit Punjab and Maharashtra Co-operative (PMC) Bank, the Reserve Bank of India (RBI) raised the withdrawal limit for account holders to Rs. 40,000, on Monday. Earlier, this limit was Rs. 25,000.
13 Oct 2019
Union Minister Ravi Shankar Prasad withdraws 'no economic slowdown' comment
Union Minister Ravi Shankar Prasad on Sunday withdrew his controversial statements from the day before wherein he cited the box office performance of three films as proof that India's economy is stable.
13 Oct 2019
#EconomicSlowdown: World Bank cuts India's growth rate projection to 6%
The country's "well-learned" union ministers may want you to believe that there is no economic slowdown whatsoever, but data points otherwise.