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BP Kanungo News
RBI says 83% currency remonetised but does it really matter?
Thu, Jun 08, 2017
The after-effects of demonetisation are still not over. RBI is yet to announce the total currency that found its way back to the banks between November 9 2016 and December 31, 2016. However, RBI said that currency to the tune of 82% of pre-demonetisation levels have been pumped in the economy.
NEFT transfers to take half hour as RBI cuts clearance time; should you just IMPS?
Fri, Apr 07, 2017
RBI said, “In line with the document on Vision – 2018 for Payment and Settlement System, the NEFT settlement cycle has reduced for hourly batches to half hourly batches.”