Cash Crunch

The salary deferrals were understood to impact senior employees at Dunzo the most. Moneycontrol has learnt that around 60-65 percent of all workers were paid their full salaries and the remaining, about 35-40 percent of them, had only received Rs 75,000 as their June salary.

India funding costs surge to one-month high on cash squeeze

The weighted average call rate, an overnight funding cost rate that the central bank monitors, have climbed almost 30 basis points since the start of the year. At 6.78% on Wednesday, it’s just hovering above the upper band of the Reserve Bank of India’s interest-rate corridor of 6.75%.

Piramal Group, IIFL Wealth set up Rs 2,000cr AIF to provide last mile funding to realty projects

The AIF will be used to provide capital to tier-I developers in key markets across the country

Reporter's Take | A sordid tale of govt's ambitious vaccine project

Moneycontrol's Shraddha Sharma chats with Viswanath Pilla to find out more about the government's plans to revive the Rs 600-crore Integrated Vaccine Complex at Chengalpattu, Tamil Nadu.

Banking sector this week: Cash crunch at ATMs grips 8 Indian states as banks struggle for recovery

In just 18 months, demonetisation-like nightmare once again haunted Indians in almost 8 states as it witnessed major cash crunch at a large number of ATMs

BJD holds demonstrations against cash crunch in ATMs

Holding placards, the sloganeering demonstrators held protests near the Reserve Bank of India (RBI) as well as other nationalised bank offices in the state capital.

Cash crunch: I-T says 97% of poll seizures in Karnataka in high-denomination notes

The revelation comes in the backdrop of a cash crunch being witnessed across various regions in the country as a number of ATMs had gone dry

Cash supplies improved but cash crunch persists, say bank officials

The officials said that banks are keeping a close vigil on money supply to ATMs on daily basis to ensure that customers do not face any problem.

ATM cash crunch Highlights: RBI and Govt mismanaged currency distribution, says Yashwant Sinha

This blog will keep you posted on developments around the cash crunch situation across India.

Cash crunch a political conspiracy to mislead nation: Manoj Sinha

Telecom Minister Manoj Sinha today said that there is enough cash available in the country and the hype around currency shortage has been created to mislead the nation.

Podcast | Did we just witness a redux of demonetisation?

Listen in to this podcast to know the current situation

Cash crunch: Opposition alleges Rs 2,000 notes for hoarders only; Banks say currency availability improving

A report from SBI Research, a unit of the government-run banking behemoth State Bank of India, meanwhile pegged the total 'cash shortfall' in the system at about Rs 70,000 crore -- an amount equivalent to a third of the monthly withdrawals at ATMs.

Dry ATMs? 5 ways to deal with a cash crunch

To beat the sudden shortage of cash across the country, here are five ways that will help you deal with the current situation

Cash crunch: 'This is not demonetisation part 2, problem is the high share of Rs 2,000 notes'

Rituraj Sinha, Group MD of the country's second largest cash logistics player SIS, says that Rs 200 and Rs 100 denomination notes should be pushed to rectify the problem.

Cash demand dents digitisation expectations; banks, suppliers blame RBI for shortage

The cash crunch also proved that the push for digitisation in banking and payments is not going as planned, since the demand for cash is clearly rising.

P Chidambaram slams govt for cash crunch; says supply 'arbitrarily reduced'

In a series of tweets, Chidambaram said as a rule, cash supply must grow at the same rate as the economy is growing and the government was obliged to provide as much cash as people need at any given time.

RBI says no shortage of currency, but steps up printing of notes at 4 presses

Shortage may be felt in some pockets largely due to logistical issues of replenishing ATMs frequently and recalibration of ATMs being still underway, banking regulator says.

As India Inc struggles to cut down debt, the economy suffers

Thomson Reuters data, based on the latest annual earnings reports, shows India's corporate debt rose to a seven-year high at the end of March. More than a fifth of large companies did not earn enough to pay interest on their loans and the pace of new loans fell to the lowest in more than six decades.

Demonetisation effect: Growth nearly halved for India's top ATM manufacturer

Growth rate for NCR Corp., which has a 49 percent market share in India with over 1.06 lakh ATMs, fell from 15-16 percent to about 8.9 percent.

Cash with public rises even as circulation slows

By the end of March, about 74 percent of the currency was in circulation. However, the currency with the public inched up to 7.3 percent by mid-March as compared to 6.3 percent in the previous fortnight.

Cash crunch returns? RBI data indicates fall in currency in circulation

The latest data suggest that Rs 22,190 crore is the amount of money that came in circulation for the last week of March.

Demonetisation redux? With ATMs running dry, cash crunch hits parts of country

Even today many states are facing a severe cash crunch as many ATMs are not dispensing cash and not enough currency notes available.

VIP likely to see 15% growth next year

Demonetisation did not have any adverse impact on the company. Rather, it benefited from the shift to organized sector, said the company’s chairman Dilip G Piramal.

Scorching heat to bring respite to Voltas AC sale

Summer will bring respite to the company‘s cooling appliances especially air conditioners, said Pradeep Bakshi, President & COO – Unitar Products Business Group & Mining & Construction Equipment division at Voltas.