Free Press Journal
  • Gave list of NPA fraud cases to PMO but not aware of progress: Former RBI Governor Raghuram Rajan

    New Delhi: A larger number of bad loans or NPAs originated in 2006-2008 when Indian economic growth was strong as the banks made mistakes, former RBI Governor Raghuram Rajan has said. He said that global slowdown, project cost overruns and government decision-making were among the factors that contributed to the process. “A larger number of bad loans originated in 2006-2008 when economic growth was strong, and previous infrastructure projects such as power plants had

  • Bad loans during UPA, highly optimistic bankers and slow growth rate responsible for NPA: Raghuram Rajan

    New Delhi: Over optimistic bankers, slowdown in government decision making process and moderation in economic growth mainly contributed to the mounting bad loans, said former RBI Governor Raghuram Rajan in a note to Parliamentary panel. In a note to Chairman of Estimates Committee Murli Manohar Joshi, he said: “A variety of governance problems such as the suspect allocation of coal mines coupled with the fear of investigation slowed down government decision making in Delhi,

  • RBI panel sees global tariff wars posing challenge to inflation goal

    Mumbai : RBI Governor Urjit Patel voted for a rate hike at its policy meet earlier this month as a step towards keeping inflation below the mandated 4 per cent mark on a “durable basis”, according to the minutes of the meeting released on Thursday.

  • RBI Governor Urjit Patel likely to appear before par panel tomorrow

    New Delhi: RBI governor Urjit Patel is likely to face tough questions from a parliamentary panel tomorrow on a range of issues including the amount of cash returned post demonetisation, the PNB fraud and the mounting bad loans of banks.

  • RBI to announce second bi-monthly Monetary Policy of 2018-19 today

    Mumbai: The Reserve Bank of India (RBI) will announce its second bi-monthly Monetary Policy of 2018-19 on Wednesday. The meeting of the monetary policy committee (MPC), headed by RBI Governor Urjit Patel, began here on Monday. The committee will meet today as well, before the policy will be announced.

  • finmin, finance ministry, capital influsion, business, PNB, PSU Banks, lenders

    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.

  • RBI on frauds: A voice of helplessness

    Banks, private or public, do business with public money. Banking regulation should be effective and efficient, which it is not – plain and simple.

  • Design of recapitalisation process critical: Former RBI Governor Dr. Y.V. Reddy

    New Delhi: In the wake of the Rs 2.11 lakh crore-worth public sector bank recapitalisation plan that was announced recently by Union Finance Minister Arun Jaitley, former Reserve Bank of India (RBI) Governor Dr. Y.V. Reddy dubbed the design of the plan to be “critical”.

  • Autonomy has to be grabbed: Former RBI Governor Y V Reddy

    As he autographs his book ‘Advice and Dissent: My Life in Policy Making’ for us, Y.V.Reddy (age: 75 years), former governor of the Reserve Bank of India (RBI), explains the reason for the slight tremble in his hand. “I have got Parkinson’s,” he says and goes ahead with the signing. But his mind is razor sharp. His ability to recall events is amazing. And his understanding of the world of finance, without losing his moorings to

  • Loan waiver isn’t a disaster as projected, says ex-RBI chief YV Reddy

    The clamour for farm loan waivers is growing louder. Though much of the media believes the exercise is reckless and a strain on state finances, former RBI Governor Y.V. Reddy believes this is not a disaster as projected in popular debate. “It cannot be merely the economics of financial consideration. One must take into account broader social considerations. The way it is being projected today in popular debate is as if it is a

  • PTI Photo by Mitesh Bhuvad

    GST to lower overall tax burden over time, says RBI governor

    Mumbai: Reserve Bank governor Urjit Patel today said the soon-to-be implemented goods and services tax (GST) will not only create a national market but will also broaden the tax base which in turn will lower the overall taxes in the long-term.

  • RBI governor to appear before parl panel in July

    New Delhi : RBI governor Urjit Patel will on July 6 appear before a parliamentary panel which has called him for the fourth time to discuss the demonetisation move. On the previous two occasions, the central bank governor sought exemption saying that he was occupied with the monetary policy.

  • RBI Guv calls on Jaitley before monetary policy review

    New Delhi : Ahead of the next monetary policy review, Reserve Bank Governor Urjit Patel on Friday called on Finance Minister Arun Jaitley and believed to have discussed various macro-economic issues.