According to sources and TV reports, Bansal sent his resignation to Prime Minister Manmohan Singh this afternoon.
The sources said Labour Minister Mallikarjun Kharge may be country's new Railway Minister.
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The corruption charge against Bansal, involving his nephew Vijay Singla has brought to fore that the post of a Member in the Railway Board was bribed for as much as Rs 10 crore.
Singla was apparently caught accepting bribe money of Rs 90 lakh as part of a deal to appoint, Mahesh Kumar, Member (Staff) to the more lucrative Member (Electrical) post.
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