Clearly, the battle lines between the RBI and the government are drawn. The pressure is on the RBI to soften its so called rigid stance to find a way out.

Following Supreme Court's Aadhaar ruling, the State Bank of India (SBI) has disabled the facility of opening paperless bank account through 'You Only Need One' (YONO) temporarily.

Higher provisioning towards bad loans had impacted the balance sheets of these PSU lenders. As per the financial results posted by them, the biggest loss was posted by scam-hit Punjab National Bank.

The Modi government has proposed that the RBI board draft regulations that will enable it to set up committees to monitor tasks such as financial stability, monetary policy transmission and foreign exchange management.

There was an increase of Rs 49,418 crore in the currency in the circulation to Rs 20.2-lakh crore during the Diwali week.

The move won't need actual cash infusion but only an accounting entry in banks, a process which has been used before as well by the government to increase capital adequacy ratios in banks.

The Reserve Bank of India (RBI) today cancelled certificate of registration of 65 NBFCs through two separate notifications for unspecified reasons.

The uneasy truce is likely to see the RBI ease up on some lending restrictions to help the government stimulate the economy, said the sources.

The stock fell up to 6.67% to 207.65  in early trade compared to its previous close of 222.50 on the BSE. At 9:48 am, the stock was trading 6% lower at 209.20.

The MSMEs are always pampered by the government as they generate employment and helps in inclusive growth. But MSMEs pampered in the past could create assert quality issues in future.