Free Press Journal
  • Sensex surges 611 points on firm global relief rally

    Mumbai : The BSE Sensex on Monday jumped 611 points, its biggest single-day gain in two years, in line with a global rally after the latest US jobs report assuaged fears around inflation and faster rate hikes.

  • insurance-fraud-investigations

    Banking frauds and eroding public trust

    On top of disgust with outright fraud is also the feeling of injustice and unfairness. Small borrowers and farmers are hounded for repayment while the big fish get away. So the need to restore trust is not only for reasons of efficiency but also to remove the perception that the system is unfairly tilted to favour the rich and mighty.

  • Key Indian equity indices open on higher note

    Mumbai: Key Indian equity indices on Friday opened on a higher note with healthy buying in metals, consumer durables, banking and auto stocks. Around 9.17 a.m., the wider Nifty50 of the National Stock Exchange (NSE) rose by 36.85 points or 0.35 per cent to trade at 10,419.55 points.

  • Future of banking is here

    Mumbai: It’s time to talk banking— analysing the past, understanding the present and trying to shape the future, at Bankers’ Conclave 2018, in MIT-SOB (the acronym for MIT’s School of Business), Pune, which is to be held on January 24. The conference will have two sessions— Future of Banking and Future of Microfinance & E-Payments.

  • Indore: No write-offs, recovery from big giants must: Venkatachalam

    Indore: Rs 110 lakh crore that belongs to the hard earn money of common depositors of the banks, is under serious threat due to mounting amount of bad loans or non-performing assets (NPA). If the restructured loans are added, total NPA will go beyond Rs 15 lakh crore. This can be checked only when central government comes out with stringent measures against the big corporate defaulters, said general secretary of Federation of

  • Sensex slips from record level, down 97 points

    Mumbai: The BSE Sensex fell by over 97 points in early trade today, retreating from its record highs, on profit booking in metal, oil & gas, banking, teck and PSU stocks after a recent rally.

  • Bhopal: Suggestions and complaints pour in as CM chats with SHG members

    Bhopal: Assuring all possible help to the self-help group entrepreneurs, the chief minister said that the government will look into all issues pertaining to banking, production and sale. Addressing the state level SHG, training and orientation programme at CM house here on Monday, Shivraj Singh Chouhan asked them speak about their problems and also told them to come up with suggestions to enable government to design a robust policy for them.

  • Note ban has little impact on increments in FY17: Survey

    New Delhi : Demonetisation did not impact this year’s increments in spite of all speculations to the contrary as companies doled out as much as 20 per cent to key talent in the appraisal process, finds out a survey.Post November 2016, air was rife with speculation about the cash recall’s impact on the hiring landscape and it was felt that the job market would be highly affected.

  • Enlightening MSMEs on new era financing

    Although the Indian Micro, Small and Medium Enterprises (MSMEs) form the backbone of the national economy, the sector is facing many challenges. Smooth flow of capital will be a big boost to their path of progress…

  • Bhopal: Govt banking on Sri Lanka for building Sita Mata temple

    Bhopal: It was way back in 2010 that chief minister Shivraj Singh Chouhan, during his visit to Sri Lanka, had announced a contribution of Rs 1 crore from the state government for construction of Sita Mata temple in the island nation. Seven years down the line, nothing has been done in that direction. The government is now even ready to foot the entire bill for the construction of the temple but to

  • Indore: ‘Bright future for technology banking in the country’

    Indore: Digitalization in banking sector is at nascent stage but people’s response to it is quite encouraging. So, in near future, mobile and net banking, two components of technology banking, would lead the banking transactions. This step will help both banks and customers, said Girish C Dalakoti, Deputy General Manager and Regional Head of Vijaya Bank. Dalakoti joined Vijaya Bank as Probationary Officer in 1988 at Mattur in Karnataka. Subsequently he was

  • Resolving the bad loans challenge…

    Cabinet approved promulgation of an ordinance to amend the Banking Regulation Act, specifically section 35A in a move towards resolution of the NPA crisis facing public sector banks. Indian banks are suffering from stressed assets and incurred considerable losses due to mounting bad loans. Banks pressurized under stressed assets are not able to perform their banking functions of lending effectively. The credit growth of the banking sector has exhibited a reduction partly due to

  • Indore: SBI customers irked over service charges, seek Finance Minister’s intervention

    Indore: Imposition of charges on almost all services and putting restriction on banking by State Bank of India (SBI) has irked its customers. They have requested finance minister Arun Jailtey to instruct the PSU bank to withdraw levying of charges and restriction to offer smooth banking to its customers.

  • GST rollout unlikely before June-July

    New Delhi : Rollout of the Goods and Services Tax (GST) regime may only be possible by June-July as the possibilities of meeting the April 1 deadline are bleak now in view of the GST Council’s slow progress, some council members said on Tuesday.

  • State FMs to meet industry chambers to discuss model GST law

    New Delhi: Gearing up for the roll out of GST from April 1, the state finance ministers will meet representatives of trade and industry on August 30, to sort out vexed issues like place of delivery of services, registration of entities and intra-company services.

  • HDFC Bank’s Q2 net profit up 20.5% at Rs 2,869.5 cr

    Mumbai: Private sector player HDFC Bank today reported 20.5 per cent jump in net profit to Rs 2,869.5 crore for the second quarter ended September 30, 2015-16. The bank had earned Rs 2,381.5 crore profit in the same July-September quarter of the last fiscal, 2014-15. The banks total income for the September quarter this fiscal was Rs 17,324.3 crore, up from Rs 13,894.7 crore in the year-ago period.

  • ‘Banking, fin services need 1.6 mn skilled workers by 2022’

    New Delhi: Banking, financial services and insurance (BFSI) sector in India will need an additional 1.6 million skilled workforce by 2022, the National Skill Development Corporation (NSDC) has estimated. “The BFSI sector is expected to create additional employment of over 1.6 million during 2013-2022,” NSDC said in its report.