India's largest public sector lender State Bank of India (SBI) on Friday reported a 134.01 per cent increase in its standalone net profit to Rs 2,610 crore in the 2016-17 fiscal's third quarter ended December 31, on low provisioning for bad loans and stake sale in SBI Life Insurance. ....

The central government has appointed three members on the local boards of the Reserve Bank of India, the apex bank announced on Friday. ....

The Reserve Bank of India (RBI) will keep a close watch on certain data like crude oil prices, US economic data and monsoon, to consider a future cut in its lending rates, Vice Chairman and Chief Executive Officer of HDFC Keki Mistry said. ....

National passenger carrier Air Indias balance sheet needs to be restructured as part of its financial transformation, Minister of State for Civil Aviation Jayant Sinha said on Thursday. ....

Admitting that the proposed Goods and Services Tax (GST) is a key reform which will simplify the tax compliance, the e-commerce players on Thursday, however, said the proposed tax collection at source will hurt lakhs of small sellers by making online sales expensive and cumbersome for them. ....

The limits on savings bank cash withdrawals post-demonetisation are to be withdrawn in two stages, the Reserve Bank of India announced on Wednesday, with the limit slated to go up to Rs,50,000 per account from February 20 and to cease from March 13. ....

India's central bank on Wednesday kept its key lending rates unchanged, as it shifted its monetary policy stand from accommodative to neutral citing inflationary fears and global uncertainties. ....

Special Public Prosecutor Anand Grover on Wednesday withdrew his plea before the Supreme Court that the assets of the Maran brothers should not be released after their discharge in the Aircel-Maxis case. ....

The Reserve Bank of India (RBI) is expected to hold key interest rates at its final monetary policy review for this fiscal on Wednesday -- its second after November's note ban -- in the wake of banks being flush with funds post-demonetisation and a firming up of global oil prices. ....

The Central government on Monday told the Supreme Court that it would put in place, within a year, an effective mechanism for the verification of pre-paid mobile users who constitute 90 per cent of the total subscribers. ....