The demonetisation of high value currencies (Rs 500 and Rs 1,000) and the subsequent cash crunch is expected to push back the asset quality recovery of Indian banks, said Fitch Ratings. The impact of demonetisation
RBI today announced the removal of cap on cash withdrawals at ATMs with effect from February 1.
Trinamool Congress is no mood to let go of its protest against Centre’s demonetisation move and will not attend Parliament on the first two days of the session beginning tomorrow.
A subsidiary of RBI has refused to share quantum of new currency notes of Rs 2,000 and Rs 500 printed before the announcement of demonetisation on November 8.
The Reserve Bank of India is likely to ease the weekly withdrawal limits from banks as well as ATMs by the end of February.
In a major relief to farmers hit by cash crunch on account of demonetisation, the government today decided to waive Rs 660.50 crore interest on short-term crop loans for November-December 2016. Besides, it will also
NITI Aayog CEO Amitabh Kant made a bold prediction that within three years, cash machines in India will be completely irrelevant, which was greeted with a mixture of enthusiasm and scepticism by the audience at
In the aftermath of the ban of high value currency notes, the Finance Ministry has informed Public Accounts Committee that no fake currency notes (FCNs) were seized by the agencies during the demonetisation drive from
RBI has so far introduced Rs. 9.2 lakh crore in new currency after demonetisation came into effect on November 8, 2016, Governor Urjit Patel today told a Parliamentary panel today.
Cutting India’s growth rate by one percentage point due to the "temporary negative consumption shock" of demonetisation, the International Monetary Fund (IMF) predicted it to be 6.6 per cent for the current fiscal year.
Banks are likely to increase ATM orders and manufacturing is set to get a fillip in 2017, say the ATM companies.
Congress vice president Rahul Gandhi on Wednesday took a jibe at Prime Minister Narendra Modi over demonetisation, making a reference to the PM’s famous mitron catchphrase.
Congress vice president Rahul Gandhi on Wednesday accused the BJP of spreading fear wherever it is in power in the country.
Ever since the announcement of scrapping of old Rs 500 and Rs 1,000 notes was done by Prime Minister Narendra Modi, the government has suggested that the decision came from the RBI.
The government’s study of financial data to understand and analyse the impact of demonetisation has thrown up some interesting figures. According to the data, the notes ban announcement on November 8 was followed by the
Following the demonetisation drive, India's Income Tax Department has detected undisclosed income of over Rs 4,807 crore and seized new notes worth Rs 112 crore, an official source here said on Sunday.
The Income Tax Department has asked banks to report large cash deposits in savings accounts between April 1 and November 9, 2016.
Arun Jaitley today hit out at Congress vice-president Rahul Gandhi saying while Prime Minister Narendra Modi was thinking of the next generation Rahul Gandhi was only looking at how to disrupt the next Session of Parliament.
The government has extended the deadline for all Indian citizens, who were outside India from November 9 to December 30, to exchange or deposit scrapped notes till March this year.
Non-resident and resident Indians who were outside the country from November 8 to December 30, 2016 and want to deposit scrapped notes must have a stamped document from airport to prove they were abroad during the period.
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