Free Press Journal
  • Indore: Patients facing trouble as private hospital reluctant to take cheque

    Indore: Even after two weeks, it seems there is no end to problems caused by currency ban as people are facing difficulty not only in banks and ATMs but also in hospitals, particularly in private ones. Patients admitted in these hospitals are badly hit as the hospital authorities are not taking cheques.

  • Demonetisation: Queues at ATM and banks ease in Mumbai

    Mumbai: A fortnight into demonetisation, long queues outside banks and ATMs across the metropolis saw a decline today even as citizens were apprehensive about the rush they might face again in the month-end, when salaries are due and banks pace up operations.

  • Ujjain: Second week of demonetisation witnesses hassle free cash withdrawal

    Ujjain: Shorter queues were witnessed at banks on Tuesday, with most residents having deposited their old currency notes. Withdrawal of cash remained hassle free as demonetization ran into its second week and customers experienced a relatively hassle free banking day.

  • Demonetisation: Bank union advisory for customers

    All banks will serve only their respective customers on Saturday and will not exchange the old Rs 500 and Rs 1,000 notes from customers of other banks.

  • Unsung heroes: Bank staff work overtime for public good

    New Delhi : While millions are struggling to deposit or exchange the demonetised currency and withdraw money from banks, it is the staff of nationalised and private banks who are facing the brunt of the government move to spike the Rs 500 and Rs 1,000 notes.

  • Banks not providing new currency to us: PMG

    BHOPAL: The banks are not providing new currency notes to the Post Office for the exchange of the demonetised currency. The Post Offices of the state have deposited and exchanged the demonetised currency worth more than Rs 425 crore in just four days.

  • Banks run out of cash, ATMs remain shut

    BHOPAL: Cash was exhausted in most of the banks and post offices in the city by afternoon on Friday while ATMs did not open as promised by the government, swelling popular resentment. People kept on shuttling between banks for getting the invalidated currency notes changed.

  • As people rush to exchange notes, Postal dept promotes schemes

    Mumbai: With people thronging not only the banks but also the post offices, which otherwise wear a deserted look, to exchange the demonetised currency notes, the Postal Department has seized the opportunity to promote its savings and investment schemes.

  • New notes at ATMs from tomorrow

    New Delhi : Amid uncertainty over ATMs being able to disburse large quantities of Rs 100 notes when they reopen on Friday, Finance Secretary Ashok Lavasa clarified on Wednesday that new currency notes of Rs 500 and Rs 2,000 value will also be available for people to withdraw.

  • Finmin to hold meeting with top mgmt of banks on NPAs

    New Delhi : Finance Ministry has called a meeting of senior management of banks on Monday to discuss the bad loans issue in specific sectors. The meeting would focus on non-performing assets (NPAs) in sectors like steel, power and infrastructure, sources said. These three sectors account for bulk of gross NPAs which surged to 9.32 per cent (Rs 4.76 lakh crore) in 2015-16.

  • Maharashtra Cyber Crime Cell seeks information from banks

    Mumbai : With over 32 lakh debit cards compromised in India’s largest banking security breach, the Cyber Crime Cell of Maharashtra Police has written to several banks seeking information on fraudulent withdrawals, officials said. Fraudulent withdrawals have been reported from 19 banks so far. A few banks have complained that their customers’ cards were used fraudulently abroad, mainly in China and the US while the customers were in India. “We have sent mails

  • rbi

    Give MFIs, NBFCs time to convert branches to banking outlets: RBI

    Mumbai : MFIs and NBFCs that have obtained permission to set up small finance banks should be given three years to close or convert their existing branches into banking outlets to facilitate an orderly transformation, an RBI panel suggested on Thursday.

  • Bharat Bandh: Mumbai transport unaffected, rural Maha partially hit

    Mumbai, It was business as usual for public transport in Mumbai despite one-day nationwide strike call given by central trade unions, while it evoked a mixed response in rural Maharashtra. The suburban trains, autorickshaws, taxis and city buses continued to operate normally, without affecting the daily schedule of lakhs of commuters in Mumbai and suburbs.

  • R N Bhaskar

    Gold: Strong undercurrents; stronger demand

    Gold continues to fascinate and perplex. Unlike as during the earlier two decades, central banks the world over have been net purchasers of gold. Earlier they were net sellers. Most analysts believe that the decision to increase gold holdings is the direct outcome of the world’s discomfort with most investment options.

  • RBL Bank IPO review

    RBL Bank Ltd.-(formerly known as The Ratnakar Bank Ltd.)- (RBL) is one of India’s fastest growing private sector banks in the last six years.