Free Press Journal
  • Cash transfers only under police vigil: EC tells CEOs

    New Delhi : The EC has directed Chief Electoral Officers (CEOs) of five poll-bound states to ask top police brass that cash transfers during the election period be done under the protection of cops and that they be kept “informed” about such movements from banks or currency chests, reports PTI.

  • Bad loans will continue to rise until next FY: Report

    Mumbai : Weak asset quality will continue to plague credit profile of banks, with their profitability remaining under pressure till the next fiscal, says a report.

  • Reserve bank ducks total of scrapped notes received

    New Delhi : The Reserve Bank of India (RBI) once again on Thursday ducked the figures of the total scrapped notes received in banks at the close of scheme on December 30, claiming that the figures are still being reconciled.

  • Big relief: Banks stop quizzing depositors

    New Delhi : Banks on Wednesday began accepting the junked Rs 500/1000 notes in KYC complaint accounts without any questions following RBI’s rollback of its stiff conditions a day after customers were subjected to queries while depositing old currency.

  • Re rebounds on dollar retreat, goes up 12 paise

    Mumbai : Helped by a weaker US dollar in overseas markets, the rupee today recovered by 12 paise to close at 67.91 per dollar on selling of the American currency by banks and exporters.

  • Bhopal: Long queues back as banks open after three days

    BHOPAL: Banks, which opened after a three-day holiday, witnessed a heavy rush on Tuesday. People struggled to withdraw cash from ATMs and banks right since the morning.

  • Bhopal: Effect of demonitisation

    NARSINGHPUR: After demonitisation, numbers of cheques are increasing in the banks but the banks are not able to clear them, daily most of the people come at the bank but the employees are helpless.

  • No respite from long queues outside ATMs

    New Delhi : On the first day of the long three-day weekend holiday for banks, hundreds of people were present in long queues outside ATMs which were dispensing cash on Saturday, while most of the machines remained cash less, reports IANS.

  • Ujjain: 30 days of Demonetisation, good, bad and ugly

    With demonetisation celebrating its one month anniversary on Thursday, 30 hard days have been passed like a mere snap of fingers with cash crunch, long queues and tragic deaths at banks and ATMs wreaking havoc on the common men. Prime Minister Narendra Modi’s 50-day timeline is yet to be exhausted. The country still awaits ‘acche din’ (better days). There are hopes, there is utmost anger.  MANASVINI VYAS lends ears to what they say…

  • Indore: No queues outside banks, ATMs

    Indore: On the 29th day of demonetisation on Wednesday, no long queues were witnessed outside banks, both PSU and private one, as they received flow of new notes from the regional office of the RBI. With this cash flow, the condition of ATMs has also improved.

  • Banks gear up for second round of the payday rush

    New Delhi : Banks are gearing up to meet the second round of payday rush as several organisations give salary to their employees on the seventh of every month.     Many bank branches are still facing a cash crunch and are rationing withdrawals much below the Rs 24,000 allowed by RBI per week. Long queues were witnessed at many places as the majority of ATMs are running dry because of withdrawal rush.     According to

  • Ujjain: Day 27, Currency crisis continues

    Ujjain: After the ban on high value notes of Rs 500 and Rs 1000, sufferings of the common man seem to see no end as they continue to do rounds of banks and ATMs in vain.

  • Ujjain: Currency scarcity infuriates citizens, banks in a spot

    Ujjain: Woes continued on the second payday with the situation in banks and ATMs showing no signs of improvement, as they grappled with shortage of currency notes. Infuriated customers, mostly salaried people and pensioners were seen standing in long queues to collect money.

  • Taxman won’t ask for source of bank deposits: Revenue secy

    New Delhi : The tax department will not ask for the source of funds deposited in banks from November 10 — post demonetisation of high value notes, if the entire income is declared and 50 per cent taxes paid on it, Revenue Secretary Hasmukh Adhia said on Monday, reports PTI. The disclosures will enjoy immunity from Wealth Tax, civil and other taxation laws but there will be no immunity from FEMA, PMLA, Narcotics

  • Jaitley asks banks to promote digital banking in mission mode

    New Delhi : Finance Minister Arun Jaitley has taken up success of demonetisation as a personal challenge, busy with video-conferencing since Wednesday to involve both the ruling BJP and banks in steps to convince the people about the measure.