As in the case of cash, it will not earn any interest and can be converted to other forms of money, like deposits with banks: central bank...

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...

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...

State Bank of India has revised MCLR for benchmark one-year tenor to 7.95%, up 25 basis points from previous rate, which came into effect from Oct 15...

We have to envisage the maximum amount of stress and do our best, says Shaktikanta Das...

This has come even as bank credit is growing at a strong 16.4 per cent...