Currency Ban

Modi's announcement on November 8 ordering the removal of 500-rupee and 1,000-rupee notes took out around 86 percent of the currency in circulation, putting activity on the skids in a predominantly cash-reliant economy.

India's cash crunch seen biting into economic growth: Poll

Having posted growth of above 7 percent for six consecutive quarters, India's gross domestic product is expected to have expanded just 6.5 percent in the October-December quarter - the weakest in nearly three years.

Real estate saw lowest launches, sales in 2016: Knight Frank

The government's move on currency ban has taken the sheen out of residential sector, reveals a Knight Frank India half-yearly report-India Real Estate.

Demonetisation: Interest rates to come down by 1% over 6 mnths, says Kamath

Former ICICI Bank Chairman KV Kamath says the demonetisation drive is a courageous move and the impact in the system due to cash ban will help in recapitalising banks and also address the issue of corruption.

Stock mkt outlook downgraded as banknotes ban hits economy: Poll

Indian shares fell over 6 percent a day after the November 8 announcement by Modi outlawing high-value bank notes, coinciding with a shakeout in global financial markets after Donald Trump's victory in the US presidential election.

West Bengal FM Amit Mitra slams note ban

Joining the crusade against the currency ban, Mitra said the government was not prepared to implement this scheme. Due to the cash clean-up, informal sector in all states is in deep trouble, he said.

Cash crunch cripples SMEs; fillip after one quarter

In wake of the government's move to demonetise Rs 500 and Rs 1,000 currency notes, small and medium enterprises (SMEs) are facing temporary difficulties for making payments but are coping with the fall out of demonetisation.

Wedding season loses shine after demonetisation roll-out

This wedding season has lost its shine with the roll-out of the demonetisation scheme. The sector is hit hard as majority of the transaction is in cash.

SC to hear appeals against demonetisation on December 2

According to a CNBC-TV18 report, the apex court will hear appeals against the demonetisation scheme on December 2.

Lodha says it sold Rs 150-160 cr new property in last 10 days

Abhishek Lodha, MD of Lodha Developers says that it is unlikely to see overall decline in realty prices.

With correction in prices, realty revival likely soon: Birla Sun

Speaking to CNBC-TV18 Mahesh Patil, Co-Chief Investment Officer at Birla Sun Life said that following the demonetisation move they have been relooking their portfolio.

Collection efficiency after November 14 at 50%: Satin Creditcare

HP Singh, Founder & MD of Satin Creditcare says that the re-classification done by RBI is not a repayment holiday.

Canara Bank hopes Rs 32k cr deposits will help in NPA recovery

Bankers have maintained a positive stance after the roll-out of the demonetisation scheme. Rakesh Sharma, MD & CEO of Canara Bank concurs with the optimism and says that the bank is not facing issues since the Reserve Bank of India (RBI) formed the task force to manage the chaotic situation.

Govt should go for a sharp fuel rate cut of Rs 5: Enam

Demonetisation will be positive for medium to long-term. However, in the short term the impact can be seen on daily wagers who probably are getting shifted to the brink of below poverty line, says Sridhar Sivaram, investment director at Enam Holdings.

Govt initiatives easing pressure on farmers: IDFC Sec

As people are settling in with government's decision to ban Rs 500 and Rs 1000 notes, Vijayaraghavan G, Analyst - Agri-inputs, Midcaps, IDFC Securities, says government is taking initiatives to normalise the situation.

#Cartoon: A poor man of India carrying a cross

Retirement of Rs 500 and Rs 1000 notes is hitting the poor hard. The dream of making India a cashless society is giving nightmares to those who deal only in cash for their survival.

Deposits of Rs 42,000 cr have come in: PNB Chief

In conversation with CNBC-TV18, Usha Ananthasubramanian, MD & CEO of Punjab National Bank (PNB), said 200 branches of PNB have been working in double shifts.

US Fed to be hawkish; RBI may cut rates: Geosphere

Speaking to CNBC-TV18 Arvind Sanger of Geosphere Capital Management said that demonetisation has been carried out in socialist economies like the North Korea and former Soviet Union in the past.

Hopeful of GST Bill passage in this session: Chandrasekhar

In conversation with CNBC-TV18, Rajeev Chandrasekhar, MP, Rajya Sabha, said Reserve Bank of India (RBI) and banks could have done proactive work in terms of calibration of ATMs.

Currency ban to benefit banks; like Motherson Sumi: IDFC Sec

Anish Damania of IDFC Secuirities, says that Non-Banking Financial Companies (NBFCs) could be majorly hit. Auto and consumer discretionaries will be impacted too.

NBFCs can't be written off in wake of demonetisation: Quantum

Speaking to CNBC-TV18 Sanjay Dutt of Quantum Securities said that the demonetisation move along with other government measures will make life easier for NBFCs. “On balance NBFCs can‘t be written off.

Currency demonetisation: Recession at gate or GDP at 9 percent

There is a view propelled by gang of astrologers masquerading as economists that demonetisation is going to hit hard economy as cash will be sucked out of system and trade will stop.

Note ban has led to 'financial chaos', say bank unions

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.

Demonetisation effect: IITF to have more ATM kiosks this time

The India International Trade Fair (IITF), which began here today, has 18 ATM kiosks set up by different banks this time to alleviate cash shortage faced by visitors after government's move to scrap higher denomination notes.

Modi's Ghazipur speech showcases electoral value of cash ban

Demonetisation was a tough and bold move, with consequences both positive and difficult. It would be naïve to expect the BJP not to milk it for what it‘s worth, given Modi‘s formidable political skills.