SME Times is powered by   
Search News
Just in:   • SC order on interim relief on mandatory linking of Aadhaar on Friday  • MIPI Alliance Opens Access to its MIPI I3C Sensor Interface Specification  • Twitter launches live stream of Gujarat elections  • Deadline to link Aadhaar with bank accounts extended till March 31  • India hopes Sri Lanka will keep security concerns in mind 
Last updated: 27 Mar, 2017  

RBI.Thmb.jpg No plans to introduce new denomination notes: RBI

RBI-New
   Top Stories
» WPI inflation at 3.93 percent in November
» PM Modi urges India Inc to help MSMEs, start-ups boost business
» WTO meet ends head-to-head, ministers also look at issues of MSMEs
» Rise in imports widens CAD to $7.2 billion in Q2
» November inflation up at 4.88%, factory output growth dips
SME Times News Bureau | 27 Mar, 2017
The Reserve Bank of India currently has no plans of introducing new denomination currencies, a senior RBI official said on Sunday.

"Presently RBI has no idea to introduce currencies of new denominations. The central banking institution wants to encourage cashless transactions, which are helpful to the people", RBI Deputy Governor N.S. Vishwanathan said while speaking at a lecture here on "Credit culture and the financial system".

In this connection, Minister of State for Finance Arjun Ram Meghwal had told Parliament on Friday that the government is not planning to print Rs 5,000 and Rs 10,000 currency notes.

Referring to banks' non-performing assets (NPAs), or bad loans, Vishwanathan said here that these are affecting the income and profit of banks.

"Banks cannot escape from the responsibility of controlling NPAs in their balance sheets," he said.

Banks are expected to base their lending decisions on a careful and prudent assessment of the financial position and repaying capacity of the borrower, while credit should be given to only the right people, he added.

The magnitude of the problem can be guaged from the NPA figures of state-run banks, which at the end of the current fiscal's second quarter that ended in September, rose to Rs 6.3 lakh crore, as compared to Rs 5.5 lakh crore at the end of the first quarter.
 
Print the Page Add to Favorite
 
Share this on :
 

Please comment on this story:
 
Subject :
Message:
(Maximum 1500 characters)  Characters left 1500
Your name:
 

 
  Customs Exchange Rates
Currency Import Export
US Dollar
66.20
64.50
UK Pound
87.50
84.65
Euro
78.25
75.65
Japanese Yen 58.85 56.85
As on 15 Dec, 2017
  Daily Poll
Is counterfeiting a major threat to SMEs?
 Yes
 No
 Can't say
  Commented Stories
» Starting an import export business: Basic guide for beginners(12)
» Foreign Trade Policy(6)
» Japan- dream destination for Indian jewellery exporters(2)
» Q2 GDP: Little to cheer about(2)
» List of items for which anti dumping duties has been levied with related notifications(1)
 
 
About Us  |   Advertise with Us  
  Useful Links  |   Terms and Conditions  |   Disclaimer  |   Contact Us  
Follow Us : Facebook Twitter