The central bank operationalised these special windows on September 4 to prop the rupee which had fallen close to 30 per cent between April and August.
The bank lost out on fairly meaningful quantum of fees from point of sale terminals and ATM usage during the demonetisation exercise.
P S Jayakumar, managing director and chief executive officer, Bank of Baroda, speaks to Abhijit Lele & Hamsini Karthik about loan recoveries, sounding more confident than a year before.
Meet to review progress on lending, impact of recent rate cuts and what is being done on NPAs, among other things
'The rupee falling from 69 to 72 was not normal or justified by the fundamentals.' 'And therefore I treat this as temporary.'
RBI Governor Raghuram Rajan on Tuesday kept the repo rate unchanged 6.50 per cent.
In the global markets, the US dollar traded lower in early trade after former US Treasury Secretary Larry Summers withdrew himself from the race to be the next Federal Reserve chairman.
Arundhati Bhattacharya talks about SBI's strategies, its aim to be among the top 30 banks globally, and stressed assets resolution.
The Reserve Bank on Friday said the economy would grow by 5 to 5.5 per cent in the current fiscal, pinning its hopes on good farm output and improved exports.
Rajan retained the short-term lending rate at 6.5 and the cash reserve requirement of banks at 4 per cent.
There are some advantages of a falling rupee.
Indian economy has good fundamentals and sizeable foreign reserves, RBI Governor Raghuram rajan said.
The RBI governor-designate may be economical with spoken words, but is known for his sharp and critical writings
Rajan, as expected, furthered his predecessors' agenda and continued with the same resolution to make India's financial system safer, and direct the economy towards further liberalisation
Despite the slowdown, property investments can give them good returns over the long term
Just three years ago, at the end of March 2011, NRI deposits were only $52 billion, half of what they are today.
It is important to understand that debt investors are a conservative lot and, in general, most such investments are hedged out of foreign exchange risk to simply earn an arbitrage profit, rather than carry the risk to possibly increase their yield.
He endorsed transparency and financial stability in addition to issues related to inclusive growth and development, write Puran Singh and Nupur Pavan Bang.
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