Officials said the government can also go below 51% and still wield management control...

It could choke off access to cheap loans from overseas as the RBI grapples with a full-blown crisis in shadow banking...

Lenders can appoint recovery agents only after proper police verification and fulfilling other relevant formalities...

More Indians are now taking unsecured, short-term credit for needs like home repairs, electronic purchases, medical needs and foreign holidays...

The central bank's report iterates concerns over calls to ease the minimum capital requirements of banks ...

Former RBI governor chats about economy, RBI-Centre standoff and his latest book...

All currency notes, except for banned Rs 500 and Rs 1,000, issued under the old series continue to remain legal tender...

The recently concluded festive season saw the sales of passenger vehicles dip 14% ...

Amount of securities that will be purchased under OMOs this month scaled up...

PFC would acquire the 52.63 per cent government stake in REC in a merger deal which is likely to fetch the exchequer around Rs 15,000 crore...