The central bank tweaked the retail inflation range to 4.8-4.9 per cent in the first half of 2018-19, and 4.7 per cent in the second half.
RBI may also be open to injecting liquidity through open market purchases of bonds but is resisting relaxing capital buffers for banks.
The government is likely to infuse Rs 3,000 crore in seven public sector banks to shore up their Capital Adequacy Ratio (CAR) to 12 per cent to improve the market confidence in the banking sector.
It has been a turnaround for Javadekar, who was earlier stripped of the charge of two key departments of Information and Broadcasting and Parliamentary Affairs as a minister of state.
This year, at least eight public sector banks are set to scrap their existing Bancassurance tie-ups with insurers. They are: Bank of India, Union Bank, Karnataka Bank, Allahabad Bank, Indian Overseas Bank, Bank of Maharashtra and Federal Bank.
The Reserve Bank has asked the public to pay their income tax dues well in advance so as to avoid standing in long queues and stated that 29 agency banks are also authorised to accept such payments.
'Investors should not commit fresh money to these stocks right now, unless they can hold for the next three to four years.'
The combined market capitalisation of the 21 listed PSU banks declined by about Rs 76,000 crore to Rs 425,800 crore during the month.
Borrowers haven't heard the last of interest rate hikes, as more banks are preparing to raise lending rates in the days ahead to offset increase in their cost of funds.
The reputation of the Indian cricket board (BCCI) has been ruined by the freezing of its bank accounts, its president Anurag Thakur said on Tuesday, after a Supreme Court-appointed panel blocked it from making two payments to its state units. The panel asked two banks to halt the disbursements after the board ignored some of the panel recommendations for reforming the world's richest cricket board, which has been criticised for a perceived lack of transparency.
P K Ajwani was wanted in connection with a disproportionate assets case.
Oriental Bank of Commerce along with Bank of Baroda and Bank of Maharashtra is to form a joint venture in Malaysia, for which they are awaiting Reserve Bank's nod.
As people wait in long queues outside banks, they appear happy that the ban on Rs 500 and Rs 1,000 notes will unearth black money and root out corruption.
21 banks have launched United Payments Interface application.
Analysts say loan growth, Casa ratio and exposure to sectors under pressure did not indicate any stress at United Bank.
Bankers have been criticised for not passing the benefits of rate cuts
His global experience, deep business acumen and long association with the Tata Group will prove invaluable in his new role: ICICI Bank MD and CEO Chanda Kochhar.
In a major ruling, the Supreme Court has held that the RBI cannot grant banking licence to cooperative societies registered under Multi-State Act without the NABARD declaring it as a state, central or primary cooperative bank.
Bank of Maharashtra has plans to open its maiden overseas offices in the United Kingdom and the United States and is negotiating with the government for setting up branches in other countries as well.
Bank of Maharashtra will tap the capital market on February 25 to raise Rs 230 crore (Rs 2.30 billion), which would be used for both organic and inorganic expansion.
According to the RBI's Financial Stability Report, the industry's gross bad-loan is at a 14-year high. As RBI's March 2017 deadline for banks to clean up soured credit looms closer, Shailajanand Mishra takes stock of just how bad the situation is.
Bank of Maharashtra's public issue of 10 crore (100 million) shares at Rs 23 per share has been oversubscribed by over 10 times.
The choice clearly is between prompt corrective action and slow but sure destruction, says Tamal Bandyopadhyay.
Crores of new currency notes continue to tumble out of lockers and hidden locations as authorities conduct raids and searches across the country.
Javadekar, along with Piyush Goyal and Dharmendra Pradhan, is among the few ministers who have party as well as ministerial responsibilities.
Bankers back the new bankruptcy code, which would impose debt deadlines on failed firms and foresees up to five years in jail for debtors who conceal property or defraud creditors
In the wake of Lodha Committee report, the Board of Control for Cricket in India's top brass on Wednesday said the Board is still 'confused' over the kind of payments that can be made from the two bank accounts which had come under the scanner of the Supreme Court-appointed panel.
Bankers have hailed the Prime Minister's call to end "financial untouchability" and opened millions of accounts on the inaugural day itself.
12 out of 21 public sector banks reported declines in their loan books in the last financial year against seven such banks in 2015-16 and none in 2013-14.
The Marathi poem, Gandhi Mala Bhetala (Gandhi met me), is a satirical critique of those who falsely claim to follow the path of Mahatma Gandhi
'Malicious files can silently sit in your phone and relay data to hackers without your knowledge.'
During the first quarter ended June, 2014-15 fiscal, LIC earned a total premium of Rs 14,016 crore.
Bankers said high interest rate could make Indian economy sluggish given that inflation is around 5%
Bank of India, Canara Bank, Dena Bank, Corporation Bank and Andhra Bank are among the lenders that received capital infusion from the government.
Monetary transmission has been an issue for the Indian banking sector.
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