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Nearly 99% of all demonetised Rs 1,000 notes returned, RBI says
Wed, Aug 30, 2017
All but 1.4 per cent of the old Rs 1,000 notes have come back into the banking system post demonetisation, the Reserve Bank said today.
India's GDP defied demonetisation impact earlier; will it escape uncertainties of GST in Q1FY18?
Wed, Aug 30, 2017
Last quarter of FY17 showcased that indicators of Gross Valua Added (GVA) have defied the impact of demonetisation. This time GST is in picture and analysts and economists feel Q1FY18 economy numbers may not escape its affect.
New Rs 1000 notes may be back in circulation by December
Mon, Aug 28, 2017
Government had demonetised the Rs 1000 notes last year. The new Rs 1000 notes may be out as early as December 2017.
Rs 2,000 notes won't be 'demonetised'; New Rs 200, Rs 50 notes on the way
Thu, Aug 24, 2017
FM Jaitley ruled out all allegation which stated that Rs 2,000 notes will be ban on August 23, 2017. However, Rs 200 and new Rs 50 notes will be out soon in the market.
Online banking services: E-wallets vs Internet banking; which one should be in your smartphone
Sun, Aug 20, 2017
Minister for electronics and information technology Ravi Shankar Prasad said, there were around Rs12,000 crore worth of digital transactions every year and the number of fraudulent transactions among these was low.
No inconsistency in data on taxpayers post demonetisation, CBDT clarifies
Fri, Aug 18, 2017
Clarification by the government regarding number of taxpayers added after demonetisation.
Seven banks have cut: Here are best interest rates offered by banks for your deposits
Thu, Aug 17, 2017
A total of seven banks have revised interest rates on savings bank account between 25 basis points - 100 basis points on various minimum balance.
Independence Day: From black money to note-ban, 10 things PM Modi said today
Tue, Aug 15, 2017
In fourth speech as Prime Minister of the country, Narendra Modi spoke about demonetisation drive and continuous effort to fight with black money.
Where did RBI's expected Rs 30,000-crore more surplus go?
Mon, Aug 14, 2017
RBI in its circular on August 10, stated that the central board has approved to transfer surplus amounting to Rs 30,659 crore. This would be not even half of surplus it provided in FY16.
Post note ban, why were new Rs 500 notes late in coming?
Sun, Aug 13, 2017
Here are some facts about the printing and other factors that went into the making of the new Rs 500 currency note as given by top officials involved in the issue.
Demonetisation cut cash in economy by 20%: Economic Survey-II
Sat, Aug 12, 2017
Describing the impact of demonetisation on the Indian economy, Chief Economic Adviser (CEA) Arvind Subramanian said on Friday that there has been a 20 per cent reduction in cash in the economy.
A Historic Low: What's really happening with bank credit growth?
Fri, Aug 11, 2017
Since the start of fiscal year 2017-18 (FY18) all scheduled commercial banks (SCBs) business ( advances and deposits has seen decline in both year-to-date (YTD) and year-on-year (YoY) basis.
Why are banks choosing to cut savings account interest rates?
Wed, Aug 09, 2017
Two banks namely Axis Bank and SBI have brought down their savings account interest rates by 50 basis points.
Govt seizes Rs 2.55 crore in fake notes post demonetisation; more than half from Gujarat
Tue, Aug 08, 2017
Even after the government banned Rs 500 and Rs 1000 notes to curb fake notes over Rs 2.55 crore fake notes have now been seized by the government post demonetisation.
After SBI, Axis Bank cuts interest rate on savings account
Tue, Aug 08, 2017
Few days after when SBI revised down its interest rates on savings account, private lender Axis Bank too followed the suit by making 50 basis points revision.
Slowdown in loan growth takes securitisation to all-time high of Rs 1 lakh crore
Mon, Aug 07, 2017
As bank credit growth perform at single-digit, banks and firms are tapping the securitisation market so much so that transactions through this has risen by 47% in FY17.
Note ban has little impact on increments in FY17: Survey
Sun, Aug 06, 2017
Finance professionals within logistics and engineering sectors were offered the highest increment of 20% whereas retail saw the lowest 5% followed by telecom and BFSI.
Income Tax: Do not forget to fill in demonetisation deposit details in ITR form
Mon, Jul 31, 2017
The Income Tax Department has added a new column where the taxpayer’s will have to report the details of cash deposited in their bank accounts if the aggregate cash deposits for all accounts exceeds Rs 2 lakh during the demonetisation period.
RBI August monetary policy: A 25 basis point rate cut or higher?
Mon, Jul 31, 2017
Market expects a 25 bps rate cut in August policy. Currently, policy repo rate under the liquidity adjustment facility (LAF) stands at 6.25%.
RBI to procure 50 note verifying machines
Sun, Jul 30, 2017
As per the Request for Proposal (RFP), the machines should be computer based and microprocessor controlled and capable of processing, counting, sorting and authenticating banknotes into 'fit for circulation', 'unfit for circulation', 'reject notes', 'suspect/forged notes', and 'emission-wise sorting on design and series', among other categories.