Dec 05, 2016 at 08:12 | Source: PTI
These new notes come against the backdrop of government last month scrapping Rs 500/1000 currency notes to crack down on black money.
Dec 02, 2016 at 21:24 | Source: PTI
Hopping on to the cashless drive, new generation private lender DCB Bank today launched Cippy Wallet app for digital payments.
Dec 02, 2016 at 19:11 | Source: Reuters
Modi's outlawing of high-value bank notes last month, aimed at curbing corruption and tax evasion, has left the nation's 1.2 billion population scrambling to exchange old notes for new and left many companies' cash-reliant supply chains in tatters.
Dec 02, 2016 at 15:32 | Source: PTI
To ensure adequate allocation of banknotes is made for rural branches, post offices and DCCBs, banks are advised to involve the district co-ordinators (Lead District Managers) functioning under State Level Bankers' Committee (SLBC) in facilitating/planning distribution of currency from currency chests, RBI said in a notification.
Dec 02, 2016 at 15:18 | Source: PTI
Replying to questions in Lok Sabha, Minister of State for Finance Arjun Ram Meghwal said the new series of bank notes have been introduced with effect from November 10 after the cancellation of legal tender character of the old high denomination notes.
Dec 02, 2016 at 14:14 | Source: PTI
"Any customer opening a savings account with Airtel Payments Bank, will get one minute of talk time on his/her Airtel mobile for every rupee deposited," the company said in a statement.
Dec 01, 2016 at 08:16 | Source: Moneycontrol.com
The term demonetization is not new to the Indian economy. The highest denomination note ever printed by the Reserve Bank of India was the Rs 10,000 note in 1938 and again in 1954. But these notes were demonetized in January 1946 and again in January 1978, according to RBI data.
Nov 30, 2016 at 12:15 | Source: NEWS18.com
Meanwhile, RBI restricted withdrawal limit from Jan Dhan accounts up to Rs 10,000 per month. "Total cash influx in Jan Dhan accounts is Rs 30,000 crore (approx) and the new RBI guidelines came following reports of its misuse," said RBI.
Nov 30, 2016 at 09:06 | Source: CNBC-TV18
The new 10-year G-Sec is expected to trade between 6.31-6.33 percent today, says NS Venkatesh, Lakshmi Vilas Bank.
Nov 30, 2016 at 08:09 | Source: Moneycontrol.com
Further to the announcement of demonetization by way of withdrawal of bank notes of Rs. 500 and Rs. 1000 denomination, the government has taken a step forward to curb black money. Concerns were raised that some of the existing provisions of the Income-tax Act, 1961 (the Act) can possibly be used for concealing black money.