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Rs 2.5 lakh crore won't come back into banking system: SBI

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

Bank unions seek Jaitley's intervention to end cash-shortage

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.

No limit on legitimate gold holding; 500gm cap on married women

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

Banks might charge you for ATM resetting adding to cash worries

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

Digital is safe say service providers

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

Bank advances can’t be over 20% of a firm’s capital base

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

1.80 lakh ATMs re-calibrated to dispense Rs 500, 2,000 notes

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

Pay day rush: Banks resort to rationing of cash

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

Rupee pares initial losses, still down by 2 paise against USD

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

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