Ease credit norms for small exporters: RBI

The Reserve Bank of India on Tuesday asked banks to ensure that funding needs of small and medium exporters were met on priority basis.It advised Indian Banks' Association to devise a simplified......

IDBI Bank MD M K Jain appointed RBI Deputy Governor

As per the RBI Act, the central bank should have four deputy governors - two from within the ranks and one commercial banker and the fourth one an economist to head the monetary policy department.......

Banking frauds more than doubled in 2005: FM

Frauds in the Indian banking system more than doubled in valueduring 2005, touching Rs 1,134.3 crore (11.34 billion) as against Rs 451 crore (Rs 4.51 billion) in the previous year, Lok Sabha was......

IPO scam: RBI no for banks' new businesses

In a further crackdown on banks that have already been penalised for violation of customer identification norms, the Reserve Bank of India has decided to "indefinitely" put on hold all applications......