Bank customers can continue to withdraw up to Rs 24,000/week
Public can continue to withdraw up to Rs 24,000 per week from their bank accounts, including withdrawals from ATM, the Reserve Bank said today.
Nov 25, 2016, 23:24 PM ISTArun Jaitley asks banks to promote digital banking in 'mission mode'
Finance Minister Arun Jaitley on Thursday asked banks to promote digital banking in "mission mode", saying the principal objective of the government's reform is to curtail the use of physical currency.
Nov 24, 2016, 19:02 PM ISTDemonetisation to have positive impact on economy including GDP: Arun Jaitley
Finance Minister Arun Jaitley on Thursday said the government`s demonetisation move is going to have "a positive impact on the economy, including GDP".
Nov 24, 2016, 17:54 PM ISTDemonetisation: Here's how transaction charge waiver on debit cards will benefit you
Amid the ongoing political outcry over demonetisation, the government on Wednesday announced several steps aimed at helping the cash-hit citizen of the country and to encourage widespread usage of digital payments post demonetisation.
Nov 24, 2016, 05:31 AM ISTRemember! You have just one day - November 24 – to use your old Rs 500/1000 notes at public utilities
All those who want to spend their now defunct old currency notes of Rs 500 and Rs 1000 have time till November 24 midnight to use them at public utilities.
Nov 24, 2016, 05:10 AM ISTBanks waive MDR for all debit cards till December 31
Leading banks, including ICICI Bank and HDFC Bank, have waived merchant discount rate (MDR) on debit cards till December 31 to facilitate payments by customers following government's move to do away with the charge levied on merchants.
Nov 23, 2016, 22:18 PM ISTDelhi hospitals tie up with banks to ease patients' cash crunch
Leading hospitals in the capital such as Sir Ganga Ram Hospital (SRGH) and Ram Manohar Lohia Hospital have tied up with banks and post offices to set up extra counters and collect filled application forms to ease the process of exchanging demonetised Rs 500 and Rs 1,000 currency notes.
Nov 23, 2016, 00:46 AM ISTDemonetisation: Wedding card, copies of advance payments to caterers required for withdrawing Rs 2.5 lakh for wedding expenses
Making rules further stringent for interested parties, Reserve Bank of India (RBI) has made it compulsory to produce wedding card, copies of advance payments made for booking marriage hall and caterers in order to withdraw Rs 2.5 lakh from own accounts.
Nov 21, 2016, 21:48 PM ISTMake funds available to farmers through cooperative institutions: Arun Jailey to banks
Government on Monday asked banks to provide resources to cooperative institutions with which they are associated to meet cash requirements of the farm sector during the ongoing rabi season.
Nov 21, 2016, 21:01 PM ISTDemonetisation: Banks to deploy micro ATMs to serve aid cash strapped weavers
Banks will deploy micro ATMs at handloom-handicrafts clusters so that weavers and artisans are not inconvenienced and can withdraw cash to buy raw materials through the Aadhar-enabled payment system.
Nov 21, 2016, 20:12 PM ISTRs 1.03 trillion withdrawn from bank accounts since November 10: RBI
People have withdrawn Rs 1.03 lakh crore of cash over the counter and ATMs between November 10 and 18, the Reserve Bank of India said in a statement issued on Monday.
Nov 21, 2016, 17:14 PM ISTCash crunch: RBI eases bad loan rules for small borrowers
The Reserve Bank of India on Monday relaxed rules for classifying bad loans for small borrowers saying they may need more time to repay their loan dues after the government withdrew higher-value bank notes.
Nov 21, 2016, 14:59 PM IST16 of 22 PSU banks skip paying dividend in FY16 on increasing NPAs
Saddled with mounting bad loans, as many as 16 public sector banks, including PNB, BoB and Canara Bank, skipped paying dividend in 2015-16, leading to three-fold decline in government receipts to Rs 1,444.6 crore.
Nov 20, 2016, 19:02 PM ISTSC against disclosure of big defaulters' names, says won't lead anywhere
The Supreme Court today said that disclosure of names of debtors, who owe Rs 500 crore and more to banks, will not lead "anywhere" as the important issue is to address "root cause" of accumulation of non-performing assets (NPAs).
Nov 18, 2016, 21:51 PM ISTUnsung heroes: Bank staff who work overtime to provide you with cash!
While millions are struggling to deposit or exchange the demonetised currency and withdraw money from banks, it is the staff of nationalised and private banks who are facing the brunt of the government move to spike the Rs 500 and Rs 1,000 notes.
Nov 18, 2016, 17:15 PM ISTICICI, HDFC Bank, Canara, United Bank cut Fixed Deposit rates by up to 1%
Largest private lender ICICI Bank and HDFC Bank cut their deposit rates by up to 0.25 percent while Kolkata-based United Bank of India did it for short-term deposits by 1 percent.
Nov 17, 2016, 16:57 PM ISTNote ban: Daily exchange limit of old notes reduce to Rs 2000 per person
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Nov 17, 2016, 14:41 PM ISTBanks have started using indelible ink during currency exchange
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Nov 17, 2016, 00:07 AM ISTDepositing cash over Rs 2.5 lakh? Banks, Post Offices will report it to Income Tax
The government has asked banks and post offices to report to the I-T Department all deposits above Rs 2.50 lakh in savings accounts, and more than Rs 12.50 lakh in current accounts, made during the 50-day window provided to tender the scrapped 500 and 1000 rupee notes.
Nov 16, 2016, 18:26 PM ISTDNA: People are helping those who are standing outside banks
Reports of the people helping each other standing in front of banks. Watch this special segment and get to know more here.
Nov 16, 2016, 01:02 AM IST