Select district central cooperative banks (DCCBs) across 17 states received over Rs 9,000 crore from November 10 to November 14.
RBI issued a notification yesterday asking banks to preserve CCTV recordings of operations at bank branches and currency chests.
RBI has advised all banks across the country to preserve the CCTV recordings of operations at bank branches and currency chests for the period from November 08 to December 30, 2016.
At a time when cash crunch gripping the country these days, public sector bank SBI has decided to launch a credit card with a cap of Rs 25,000 for those at the lower strata of
With three-day bank holiday starting today and a majority of ATMs still not functioning, the cash crunch in the country may escalate further leaving residents high and dry for want of cash during the weekend.
With banks closed for the next three days in many cities, including in the national capital, cash-starved people likely to face difficulties in buying daily essentials. Banks are shut on Monday for Eid-e-Milad.
Finance Minister Arun Jaitley today cautioned people that mere depositing the old notes in banks will not help in converting the money from 'black to white' and tax liability would remain on unexplained funds. Less
In one of the biggest crackdowns on money laundering and hawala transactions post demonetisation, the Enforcement Directorate today launched an 'enquiry of records' operation at over 50 bank branches across the country to detect money
The Reserve Bank of India (RBI) may have maintained status quo on the repo rate in its fifth bi-monthly policy meet but there is still scope available with banks to lower the lending rates, providing
The effect of demonetisation was today at its worst in Punjab. An impatient crowd of cash-hungry people had gathered outside a private bank in Budhlada town and started to force their way inside the branch.
Combating with the increasing work pressure in the wake of demonetisation and grappling with currency shortage, bank unions have threatened of agitation, including a strike against the government.
After releasing new Rs 500 and Rs 2000 currency notes, the Reserve Bank of India (RBI) will shortly issue new Rs 50 and Rs 20 denomination banknotes in the Mahatma Gandhi Series-2005. "The design and
Queues got longer on Wednesday as people in large numbers gathered at banks to withdraw salaries.
RBI today permitted banks to include now defunct Rs 500 and 1,000 notes as part of their cash balance.
Banks have received Rs 5.44 lakh crore worth of old high denomination currency, Rs 33,006 crore of which was exchanged with valid notes, the Reserve Bank of India informed today.
India's central banking institution Reserve Bank of India (RBI) has proposed opening of "Islamic window" in ordinary banks for "gradual" introduction of Sharia-compliant or interest-free banking in the nation. Both the Centre and RBI are
Several banks in different parts of the country are disbursing Rs 100 notes after spraying perfume and insecticides as they have been receiving soiled notes that were suppose to be dumped after being taken out
Amidst the scramble for money across the country, the Reserve Bank of India (RBI), Bhubaneswar, on Wednesday said that the new Rs. 500 notes will be available from November 17, 2016 crosswise over Odisha. “We
The operations of scrapping of 500 and 1000 rupee notes will end on December 30, but the government will continue to monitor your bank accounts for large cash transactions and beyond that. The government has
As the long queues outside the banks continue to stay thick, two leading bank unions today criticised the government over demonetisation of Rs 500 and Rs 1,000 notes, saying the move has led to financial chaos across the country.
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