BNP Paribas today said the Reserve Bank of India will go for another 0.25 per cent hike in key policy rates at its August monetary policy review, a day after an official data showed retail inflation rising to a five-month high of 5 per cent in June.

Swadeshi Jagaran Manch alleges many international NGOs such as Bill and Melinda Gates Foundation, Global Health Strategies and Programme for Appropriate Technology for Health are facing the allegations of promoting the interests of certain pharmaceutical companies.

The decision has been taken to address the concerns arising out of the anonymity provided by payments through demand drafts and its possible misuse for money laundering. The new rule will be applicable from September 15.

The development comes nearly seven months after Airtel along with Airtel Payments Bank came under fire for allegedly opening payments bank accounts of its mobile subscribers without their consent, and LPG subsidy worth crores was deposited into these accounts.

With rupee hitting its lowest against dollar, prices of imported commodities, ranging from petroleum products to electronics went up, driving consumer inflation up. High crude oil prices also made an impact.

The steadily weakening Indian currency brings with it a host of worries

Back in April, the RBI instructed all entities it regulates to stop dealing with cryptocurrencies, like Bitcoin, in three months. This prevented investors from buying crypto currencies in exchange of rupee. The RBI ban came into effect from July 5.

Axis Bank's head hunting for CEO began after it cut short Shikha Sharma's reappointment period till the end of December 2018. In July 2017, the Axis Bank Board had reappointed Sharma as CEO for three years starting June 1, 2018. However, the RBI wrote back to the board asking it to reconsider the decision.

The government's latest formula to heal a system staggering under Rs 14 lakh crore debt is essentially bank driven, and comes two years after the path-breaking bankruptcy code.

New RBI regulations have created a flutter in the P2P market.

Business confidence slides in the first quarter of 2018/19 as businesses feel the pinch of GST and brace for policy inaction and higher interest rates, finds the latest Business Today-C fore Business Confidence Survey.

Over Rs 29.41 crore was spent on using the Indian Air Force's ultra-modern transport aircraft -- the C-17 and the C-130J Super Hercules -- to ferry the newly-issued Rs 2,000 and Rs 500 currency notes post-demonetisation.

Continued strengthening of the US dollar, lack of foreign investment inflows and concerns over rising oil prices are likely to keep the rupee under pressure and push it down to the 70 mark this week, said bankers.

The RBI had in April directed all the banks to stop dealing with individuals and businesses dealing in virtual currencies in next three months - the deadline ended on July 5.

Today we are disabling the rupee deposit and withdrawal options on the Zebpay app. This is being done in light of the bank account closures as per the RBI guideline, says the company.

The Reserve Bank of India has issued licence to Bank of China to launch operations in India, official sources said today.

All the banks and financial entities after tomorrow will stop operating accounts that are in any way linked to virtual currency trade. So, if you are still invested in Bitcoin or any other cryptocurrencies, it's time to think about the options in front of you.

The BJP-led NDA Government has pulled a rabbit out of their hat by announcing a slew of initiatives aimed at avoiding the bankruptcy proceedings for banks as well as defaulting promoters.

The apex bank had in April directed all the banks to stop dealing with individuals and businesses dabbling in virtual currencies in next three months - the deadline ends on July 5.

Last week, the Insurance Regulatory and Development Authority of India permitted LIC to acquire up to 51 per cent stake in IDBI Bank. If the deal goes through, the bank will get a much-needed capital support as it is grappling with mounting non-performing assets.