Viral V. Acharya has resigned as deputy governor of the Reserve Bank of India six months before the end of his term for “personal reasons” — a development that foreshadowed fresh disagreements w...

Union finance minister Nirmala Sitharaman on Tuesday announced that individuals will not be charged for withdrawals made at other bank ATMs and that lenders will not penalise account holders for not h...

Members of the RBI Monetary Policy Committee had flagged growth concerns, while voting unanimously for a reduction in the repo by 25 basis points earlier this month.The six-member MPC had on June 6 cu...

The coronavirus pandemic has sparked concerns about a fresh surge in bad loans at India’s lenders, and the industry body representing the banks plans to appeal to regulators to provide some reprieve...

The Reserve Bank of India has diluted its guidelines on stressed assets and has now mandated banks to undertake a review of a borrower’s accounts within 30 days of default, according to a circular i...

The holders of Yes Bank’s additional Tier-I bonds (AT1) — amounting to Rs 8,415 crore — will get no relief as the bonds will be written down in full and stand extinguished with immediate effe...

The Union cabinet on Friday has approved the reconstruction scheme of Yes Bank proposed by the RBI even as it raised the authorised share capital of the bank to Rs 6,200 crore against the apex bank’...

The RBI on Thursday announced a dollar sell/buy programme that will provide banks the much needed foreign exchange to stem the freefall of the rupee that has plummeted to a 17-month low of Rs 74.28 at...

The Reserve Bank of India (RBI) has asked state governments not to transfer their deposits out of private sector banks saying apprehensions about the safety of deposits in private lenders are highly m...

Yes Bank has finalised the names of the potential candidates for the position of chief executive officer (CEO) to replace incumbent Rana Kapoor, who has to demit office by the end of this month.In a f...