State Bank of India has estimated that money worth Rs 2. 5 lakh crore may not come back into the banking system post demonetisation of high-value notes
Two large bank unions today demanded immediate intervention of Finance Minister Arun Jaitley in ending the acute cash shortage in the system following the demonetisation of high-value notes last month.
The government on Thursday clarified that the new income tax law does not prescribe any limit on gold-holding but warned against keeping more than 500 gm of gold jewellery by
ATM-maker NCR Corporation claims to have recalibrated 90 per cent cash-dispensing machines across the country post-demonetisation of Rs 500 and Rs 1,000 notes in the last 20 days. The
The systemic shock of demonetisation has inevitably raised the volume of digital payments in India. Digital payment platforms like Paytm FreeCharge MobiKwik and RuPay have since witnessed
THE Reserve Bank of India (RBI) on Thursday issued final norms for banks’ exposure to large companies and said lender’s total advances to a single company cannot be higher than
Nearly 90 per cent of the 2 lakh ATMs deployed across the country have been re-calibrated to dispense the new 500 and 2,000 rupee notes, says a key maker of
Reeling under shortage of currency stock, banks across the country have resorted to rationing of cash in order to handle the huge pay day rush at branches.
Although claims were
The rupee pared initial losses but was still quoting lower by 2 paise in late morning trade to 68. 40 against the American currency on demand from banks and