Free Press Journal
  • RBI suggest online trading platform for distressed assets

    Mumbai : Setting up an online trading platform will help India achieve a thriving market for sale of NPAs (non-performing assets), Reserve Bank of India (RBI) deputy governor, Dr Viral Acharya said at an ASSOCHAM event held in Mumbai.

  • ‘Former RBI head warned against loan waiver promises by parties’

    New Delhi : An ex-Governor of the Reserve Bank of India (RBI) had pointed to the risks in the practice of political parties promising loan waivers during poll campaigns to the Election Commission, Parliament was informed on Friday.

  • Rupee closes at 32-month high of 63.36

    Mumbai : Continuing its winning spree, the rupee on Friday ended higher against the US dollar for the fourth session since the beginning of this calendar year, because of sales of the dollar by foreign portfolio investors and exporters, dealers said.

  • New Rs 10 note is out and this is how it looks

    New Delhi: The Reserve Bank of India (RBI) on Friday unveiled banknotes of Rs 10 denomination under the Mahatma Gandhi (New) Series. The new 63 mm x 123 mm notes are embossed with the signature of RBI Governor Dr Urjit Patel and have the motif of the Sun Temple, Konark on the reverse, depicting the country’s cultural heritage.

  • Remonetisation: RBI to issue new chocolate coloured Rs 10 note

    After the big denominations, now it’s time for Rs 10 to get a new makeover. Yes! According to reports, the Reserve Bank of India is all set to issue new Rs 10 note with chocolate brown colour as the base. Meanwhile, the new 10 rupee note wil bear the picture of the ‘Konark Sun Temple’ and the RBI has already printed 1 billion pieces of the new note.

  • Deposits growth rate down in south India

    Mumbai : Even as demonetisation led to a spurt in household deposit growth rates across the country, the southern region has shown a dip in deposit growth for the fiscal year 2016-17, according to a report.

  • Bank of India to shut down 400 ATMs, 300 more likely to close by Feb end

    State-owned Bank of India (BoI) is reportedly will shut 400 ATMs and will take a call on closing a further 300 ATMs by the end of February. According to media reports, the bank is deliberating upon customer requirements, usgae pattern and location before deciding to close down the ATM.

  • ‘RBI could be holding back Rs 2,000 notes’

    New Delhi : The Reserve Bank of India (RBI) may either be holding back Rs 2,000 notes or could have stopped printing high denomination currency, claims a SBI research report. Juxtaposing the data presented in the Lok Sabha recently with the one provided by the RBI in its Annual Report earlier, the SBI Ecoflash report said, on Wednesday, that “we observe” that the value of small denomination currency in circulation up to