At the interbank foreign exchange, the rupee opened at 71.01 then fell to 71.03 against the US dollar, showing a decline of 9 paise over its previous closing

PM Bank crisis: BJP Maharashtra Vice-President Kirit Somaiya tweeted on Wednesday morning that needy depositors can apply for the same at their respective branches.

Punjab and Maharashtra Cooperative (PMC) Bank's former director Surjit Singh Arora was arrested last week by Mumbai Police's Economic Offences Wing (EOW) in connection with the alleged Rs 4,355 crore scam

The aim is to bring down cases of data theft and reduce operational risks. But the lenders are afraid that this might lead to deceleration of consumer loans and credit cards.

Bank of Maharashtra, Syndicate Bank, Bank of Baroda have said their operations could be hit; the unions are protesting against recent bank mergers, falling deposit rates and job security

Is RBI making an error of judgment in believing the Government's budgeted 3.3 per cent fiscal deficit number for 2019-20?

On Monday, banks are shut due to the elections and on Tuesday a couple of bank unions have called for a strike to protest against the 10 PSU bank mergers

Money stuck for nearly a month, PMC Bank depositors stare at uncertain futureNearly a month after the RBI clamped down on the operations of scam-hit PMC Bank, the depositors say their woes have only worsened, with some unable to pay school fees of their wards, while others finding it difficult to meet medical expenses. Many fear that they might lose their lifetime earnings deposited in savings accounts, or in the form of fixed deposits. So far, three depositors have lost their liv...

Nearly a month after the RBI clamped down on the operations of scam-hit PMC Bank, the depositors say their woes have only worsened, with some unable to pay school fees of their wards, while others finding it difficult to meet medical expenses

Assuaging concerns of depositors facing hardships due to restrictions on withdrawal of funds from the scam-hit bank, CM Devendra Fadnavis said that money of account-holders would remain safe

PMC Bank crisis: The depositors gathered outside the RBI around 11.45 am and held protests by showing placards and chanting slogans against PMC Bank and the RBI, a police official said.

The chief economist at Goldman Sachs indicates that consumption has been falling since January 2018, which is much before then the end August 2018 default by IL&FS which triggered the liquidity crisis for NBFCs.

The deceased's son says his father was unwell for a long time and that doctors had asked him for bypass surgery; he could not withdraw money after the RBI put restrictions on cash withdrawal from the bank

A Supreme Court bench headed by Chief Justice of India Ranjan Gogoi asked petitioner can approach the concerned high court for appropriate relief

AITUC says the government's decision to merge 10 public sector banks into four is \"unfortunate\" and totally \"unwarranted\";bank unions other demands include banking reforms, recovery of bad loans and action against defaulters

The low productive agriculture continues to provide maximum employment and the high-skill services maximum income, while the manufacturing sector remains relatively insignificant in either

Bank account holders will get only up to Rs 1 lakh if it goes bust; this has triggered a lot of doubts in the minds of bank customers, especially in the wake of the PMC Bank scam in which the RBI has restricted cash withdrawals