Free Press Journal
  • RBI trims Rana Kapoor’s term as Yes Bank CEO

    Mumbai : The Reserve Bank of India (RBI) has curtailed the term of Yes Bank’s founding CEO Rana Kapoor and asked the private sector lender to look for his replacement by January 2019.

  • RBI to stay out of panel to resolve power sector NPAs

    New Delhi : The Reserve Bank of India (RBI) has refused to be part of a high-level committee headed by the Cabinet Secretary which was constituted to resolve stress in the power sector as it is not willing to relax norms to deal with bad loans, according to a source.

  • editorial, R N Bhaskar, RBI, crucial chinks, Reserve Bank Of India, Demonetisation, digital payments

    The RBI points to very crucial chinks

    The latest annual report of the Reserve Bank of India (RBI) is quite candid about its assessment of demonetisation. More cash has come back into the system than had been envisaged earlier. The pace of increase in digital payments has slowed down. And while the RBI does not mention it, the absurdity of having e-commerce and digital payments under the IT ministry and not under the finance ministry continues to baffle experts.

  • IL&FS books come under RBI scanner

    Mumbai : The Reserve Bank of India (RBI) has started a special audit on Infrastructure Leasing & Financial Services (IL&FS).

  • editorial, R N Bhaskar, RBI, crucial chinks, Reserve Bank Of India, Demonetisation, digital payments

    RBI tweak norms for exchange of torn currency

    Mumbai: The RBI Friday tweaked norms for exchange of mutilated currency notes following introduction of Rs 2,000, Rs 200 and other lower denomination currencies. Post demonetisation in November 2016, the Reserve Bank has introduced Rs 200 and Rs 2,000 notes. Besides, it came out with smaller notes of Rs 10, Rs 20, Rs 50, Rs 100 and Rs 500.

  • Re breaches 72-mark

    Rising oil, capital outflows, widening CAD pose risks to currency

  • RBI rate panel member doubts BJP’s world-beating GDP data

    Mumbai: Not everyone is convinced of the rosy growth numbers that the BJP government has churned out. Among the ‘dissenters’ is Ravindra Dholakia, a member of the RBI Monetary Policy Committee, which is tasked with the responsibility of setting the key rates.

  • RBI announces preliminary examination result for Grade B officers; check at rbi.org.in

    Reserve bank of India has declared the preliminary examination result for the recruitment of Grade B officers. All the candidates who have appeared for the exam can check the result at opportunities.rbi.org.in. The examinations for which the results were declared were Phase-I examination for Grade ‘B’ (General) (DR), Paper I examination for Grade B for DEPR, and Paper I for Grade B for DSIM.

  • What penance will Narendra Modi initiate for ‘failed’ note-ban, asks Shiv Sena

    Mumbai: In the wake of RBI’s report that said 99.3 per cent of the junked notes returned to the banking system, the Shiv Sena on Friday sought to know what penance Prime Minister Narendra Modi would undertake for plunging the country into “financial anarchy” through demonetisation.

  • CIC seeks details of action taken against wilful defaulters

    New Delhi : The action taken against wilful defaulters of banks loans of above Rs 50 crore should be made public by the Finance Ministry, Ministry for Statistics and Program Implementation and RBI, the CIC has said.

  • 99.3% of junked Rs 500, Rs 1,000 notes returned to banks: RBI

    Mumbai: As much as 99.3 per cent of the junked Rs 500 and Rs 1,000 notes have returned to the banking system, the RBI said today, indicating that just a miniscule percentage of currency was left out of the system after the government’s unprecedented note ban aimed at curbing black money and corruption. The Reserve Bank of India (RBI), which has taken an awfully long time to count the currency that was returned

  • RBI employees’ 2-day mass leave to paralyse banking operations

    Kolkata: The two-day mass casual leave on September 4 and 5 called by the United Forum of Reserve Bank Officers and Employees (UFRBOE) is likely to paralyse operations of the central bank and other major lenders across the country.

  • RBI faces panel flak over failure to tackle NPA mess

    New Delhi : A Parliamentary committee has questioned RBI for failing to take pre-emptive action in checking bad loans in the banking system prior to the Asset Quality Review undertaken in December 2015.

  • Bankers burning midnight oil to resolve Rs 3.8 trillion NPAs before deadline

    Mumbai: With the six-month deadline set by Reserve Bank of India to finalise resolution plans for around 70 large stressed accounts worth over Rs 3.8 trillion ending on Monday, banks are burning the midnight oil to avoid bankruptcy proceedings against these defaulters who are mostly power producers.

  • RBI tells urban co-op banks to improve governance practices

    Mumbai : The Reserve Bank has asked urban cooperative banks, which have been facing a steady decline in their market share for over a decade now, to improve their management and governance practices so that customers repose their trust in them and the banks can remain relevant.

  • RBI staff to go on mass casual leaves over pension issues

    Hyderabad: The United Forum of Reserve Bank Officers and employees has announced that its members will observe two days mass casual leave on September 4 and 5, in a bid to press for their long-pending demands over pension related issues.

  • RBI staff to go on mass leave on September 4, 5 over pension issues

    Hyderabad: The United Forum of Reserve Bank Officers and Employees today said its members will go on mass casual leave on September 4 and 5, pressing their long-pending demands over pension related issues. According to a press release, United Forum today held a silent demonstration near the RBI office here which witnessed the participation of various leaders.