Free Press Journal
  • RBI likely to conduct OMO this week to ease liquidity

    Mumbai : The Reserve Bank of India (RBI) is likely to conduct an open market operation (OMO) purchase this week to infuse liquidity into the banking system, which is further going to tighten on account of advance tax payments, say bankers.

  • AMC, steering panels to be set up to tackle bad loans

    New Delhi : Independent asset management companies (AMCs) and steering committees will be set up for faster resolution of bad loans in the banking system, Finance Minister Piyush Goyal said as the government accepted five-pronged plan of the Sunil Mehta-panel.

  • Doubts and debates on demonetisation

    The cost of printing new notes, the unpreparedness of the banking system, the delay in restocking branches and ATMs, the long waiting lines for months, the inability of people to access their own money – all these costs were immediate and significant for the economy and the people. The slowdown in GDP growth for the next two quarters was also made worse because of cash shortage. Much of the rural and informal

  • CM Devendra Fadnavis appeals to farmers to repay current loans to maintain the banking system

    Mumbai: Chief Minister Devendra Fadnavis appealed farmers to repay loan to maintain the banking system. In his talk show, ‘Mi Mukhymantri Boltoy’ (CM is speaking), Fadnavis said that the banks are relying on repayment and farmers who repay regularly, will be given extra benefits of various government schemes in addition to the encouragement subsidy under the loan waiver scheme.

  • Government giving top priority to addressing bad loans issue: Jaitley

    New York : Finance Minister Arun Jaitley has asserted that the government was giving top priority to addressing the issue of bad loans while acknowledging that the problem of non-performing assets was “adversely impacting” the Indian banking system.

  • Indore: Demonetisation will make banks stronger

    Indore: The huge unproductive money reached banking system would make our banks stronger in terms of reduction in NPA and addition of new taxpayers will result into higher tax collection also. The note ban will not only curb black money but also tackle menace of fake currency and terror funding. The scheme will definitely give desired results.

  • Moody

    Differentiating between banks entails systemic risks: Moody’s

    Chennai: Global credit agency Moody’s Investors Service on Monday cautioned the Indian government of significant systemic risks to the banking system if it reduces support to banks or differentiate among them.

  • No cartelisation in fixing saving deposit rates: SBI

    Mumbai: The nation’s largest bank SBI today dismissed allegations of cartelisation by big banks in keeping savings deposit rate unchanged despite RBI deregulating this over a year ago.

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