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RBI may reopen deposit window for old notes

Decision was being considered as central bank has received querries on certain notes that were not deposited on last day.

26 Jan 2017 5:17 PM

RBI raises daily cash withdrawal limit to Rs 10,000

No change has been made to the weekly withdrawal limit of Rs 24,000 through cheques.

16 Jan 2017 5:30 PM

Banks, oil companies to bear card payment charges at petrol pumps: govt

MDR is a charge levied on merchants by banks for accepting payments through credit and debit cards.

12 Jan 2017 5:51 PM

United Bank of India cuts lending rate by 0.90 pc

Bank said that rate for 1-year tenure has been reduced by 0.60 per cent to 8.8 per cent.

05 Jan 2017 11:38 AM

RBI asks banks to supply currency to rural areas

RBI issued circular to banks asking them to supply atleast 40 per cent of the bank notes.

03 Jan 2017 2:39 PM

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Lower lending rates to cushion demonetisation

Banks have started lowering their lending rates as demonetisation has led to a surge in deposits.

02 Jan 2017 3:38 PM

Many banks refusing to take deposit over Rs 5,000 in old notes

Bankers are wary about accepting these deposits, fearing that they could be harassed by tax authorities later for justification.

21 Dec 2016 10:39 AM

Longer queues at banks after deposit restrictions

The RBI on Monday said that scrapped notes above Rs 5,000 can be deposited only once per account till December 30.

20 Dec 2016 8:35 AM

Check RBI website for updates on note ban

RBI warns banks/public against misinformation on social media.

01 Dec 2016 6:17 PM

Note ban: Big rush for cash in Mumbai on pay day

People were seen waiting anxiously outside ATMs since wee hours to get hold of required amounts.

01 Dec 2016 5:02 PM

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Demonetisation: Banks cash-starved on first payday

One of the major reasons for the cash crunch was that not enough new notes of Rs 500 have been issued by RBI so far.

01 Dec 2016 9:46 AM

RBI eases cash balance requirement for banks

The higher CRR is applicable on incremental deposits raised between September 16 and November 11, 2016.

30 Nov 2016 7:40 PM

Picture of lines in Kerala goes viral for lungis

The image shows two separate lines one in front of an ATM and another in front of a liquor store.

20 Nov 2016 3:26 PM

Banks may allow cash withdrawal for marriage from next week

Banks yet to receive operational guidelines from the RBI, even though the Centre announced the relaxation earlier this week.

19 Nov 2016 7:55 PM

Demonetisation: Queues continue at banks, ATMs in Mumbai

However, many people say they are with the government on the demonetisation move.

18 Nov 2016 2:55 PM

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Amid cash rush, banks may hire retired staff to deal with customers: Jaitley

The finance ministry also said banks may plan and support the officers and employees working in late hours.

15 Nov 2016 8:22 PM

Ques at ATMs get longer as bank remain closed

Scuffle and heated exchanges were reported from ATMs and banks from many parts of the country.

14 Nov 2016 11:13 AM

Demonetisation: Angry customers break bank's glass door in Kerala

Due to the huge surge of customers, the SBT branch at Kollam downed its shutters, as around 200 persons were inside.

12 Nov 2016 4:54 PM

Jaitley defends note ban, says ‘sorry’ for inconvenience

Jaitley also hit back at political parties who criticised the govt’s move, accusing them of making ‘irresponsible’ statements.

12 Nov 2016 4:42 PM

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