Eight banks have been identified for phase-wise participation in this pilot...

It would be issued in the same denominations that paper currency and coins are currently issued: Reserve Bank of India...

Liquidity crunch is primarily because Reserve Bank has been sucking out funds from the system as it fights to tame inflation...

In the first half of FY23, cumulative net profit of all public sector banks increased 32 per cent to Rs 40,991 crore...

Lenders have seen a rise because of an increase in interest rates on loans but there has been a lag in rates being raised on deposits...

Global ranking was topped by South Korean giant Samsung Electronics, followed by US giants Microsoft, IBM, Alphabet and Apple...

SBI clocks a standalone profit of Rs 13,264.52 crore for quarter ended September 30...

Pilot will see nine banks, including SBI, HDFC Bank and ICICI Bank, settling secondary market transactions in government securities...

Fixed deposits of under Rs 2 crore for a period of over 211 days but less than 1 year will earn an interest of 5.50 per cent from October 22...