Free Press Journal
  • Analysts expect RBI rate hike following ‘hawkish’ MPC minutes

    Mumbai: The interest rate-setting panel’s deliberations point towards a “hawkish” stance in the future, which may increase the possibility of a rate hike by the Reserve Bank, analysts said today. “Minutes (of the monetary policy committee) suggest that a back-ended rate hike in 2018 remains a possibility, if headline inflation exceeds the trajectory set out by the MPC,” domestic rating agency Icra said in a note. It was also leaning towards hawkishness, which was

  • yesbank

    Yes Bank gets RBI nod to open offices in London, Singapore

    New Delhi: Private sector lender Yes Bank today said has received Reserve Bank of India’s (RBI) approval to open two representative offices in London and Singapore. “This is a significant development in the overall augmentation of Yes Bank’s business model and will help in further diversification and expansion of financial services to the NRI diaspora,” Yes Bank MD and CEO Rana Kapoor said.

  • Indore: Cash crunch continues, supply from RBI likely on April 21

    Indore: The wedding season is in full swing but people are finding it difficult to make payments due to cash crunch prevailing in the city. On Thursday too, banks did not receive fresh currency notes from Reserve Bank of India. As a result, the banks put money in ATMs after whatever cash they received from customers.

  • Bank unions threaten strike amid cash crunch woes

    Vadodara : Claiming that bank staff is facing public anger due to cash crunch at banks and ATMs, the All-India Banks Employees Association (AIBEA) on Thursday threatened to launch an agitation as it blamed the government and the RBI for the situation.

  • Cash Crunch: RBI slips up again?

    The currency crunch in parts of the country, with ATMs running empty in several places, underlines mismanagement by the central bank. Before undertaking a five-fold increase in the production of Rs 500 notes, currency managers ought to have anticipated the likelihood of disruption. Amidst reports of hoarding of Rs 2000 notes, ahead of the Karnataka and other Assembly elections this year, and the Lok Sabha election next year, provision of adequate currency

  • Surge in 1-day default norms breach worries apex bank

    Pune : Reserve Bank of India (RBI) deputy governor NS Vishwanathan on Wednesday raised concerns over the large number of borrowers failing on the one-day default norm, and asked the lenders to take this as a warning indicator warranting action.

  • Indore: ATMs go dry, cash crunch erupts in city

    Indore: The cash crunch has hit the city, which brought back memories of mad rush of people in banks after demonetisation was announced by centre one and half years ago. The residents felt the pinch as the wedding season is on and there is short supply of currency notes of Rs 2,000.

  • RBI penalty not to have any material impact says IDBI Bank

    Mumbai: State-run IDBI Bank on Thursday said a Rs 3 crore penalty imposed on it by the Reserve Bank of India (RBI) “will not have any material impact” on it. According to a BSE filing by IDBI Bank, the RBI imposed a Rs 3 crore penalty on it for non-compliance of ‘Income Recognition and Asset Classification’ (IRAC) norms.

  • RBI imposed Rs 3 crore fine on IDBI Bank violation of asset classification norms

    Mumbai: The Reserve Bank of India (RBI) imposed monetary penalty worth Rs. 3 crore on IDBI Bank for not complying with the outlined norms related to reporting of bad loans. In an official notice, the RBI said the penalty was imposed on account of non-compliance with the directions issued on Income Recognition and Asset Classification (IRAC) norms.

  • How the inflation story changed

    It was not very long ago that a debate was stirred-up about the inflation forecasts issued by the Reserve Bank of India. The argument then was simple: The RBI inevitably painted a picture of inflation showing up higher than it actually had moved. These projections meant that the RBI was never really ready or willing to push down the policy repo rates in enough good time to enable growth. There was the

  • RBI trims inflation view

    Apex bank maintains status quo on rates, GDP growth pegged at 7.4%

  • RBI monetary policy review: Keeps ‘Status quo’; repo rate unchanged at 6%

    Mumbai: The Reserve Bank today kept the key policy rate unchanged at 6 percent for the fourth consecutive time since August last year in view of uncertainties around inflation. The Monetary Policy Committee (MPC), headed by RBI Governor Urjit Patel, had last reduced the benchmark lending rate by 0.25 percentage points to 6 percent last August, bringing it to a 6-year low.

  • RBI its first bi-monthly monetary policy today, will announce policy rates

    New Delhi: Ahead of the Reserve Bank of India (RBI) policy today, there is little hope of a cut in the key policy rates from the apex bank in its first bi-monthly monetary policy for the new fiscal 2018-19, owing to hardening global crude oil prices.