Cash Crunch Rbi
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"Digital Transactions Not Universal": RBI Told To Solve Dry ATM Issue
A parliamentary panel has asked the Reserve Bank of India to address the problem of perpetually dysfunctional ATMs so as to avoid a situation of forced cash crunch.
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Government Fights Rupee Drop, Cash Crunch In Coordinated Policy Moves
The government upped the ante in its efforts to restore investor confidence, with the RBI taking measures to ease liquidity for lenders a day after the centre raised import tariffs to support the battered rupee.
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Told You So: Andhra, Telangana Junk Centre's Cash Crunch Logic
Calling the bluff of the centre that the cash crunch was "sudden and temporary", the state governments of Andhra Pradesh and Telangana say they had flagged their concerns to the union government and the Reserve Bank of India (RBI) well in advance.
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Ghost Of Note-Ban Haunts Government, RBI: P Chidambaram
Former finance minister P Chidambaram on Wednesday attacked the government and the RBI over the acute cash crunch in the country and said the ghost of demonetization has come back to haunt them.
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Cash Crunch: Gujarat Banker's Body Writes To RBI
As several places in the country reported cash shortage at ATMs, a banker's body in Gujarat has written to the RBI on the issue. At several ATMs across Gujarat, a "no cash" notice greeted customers on Tuesday. Hassled consumers say the problem has persisted for at least 15 days.
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Printing Of Rs 500 Notes To Increase Five-Fold To Deal With Cash Crunch: Government
The printing of Rs 500 notes will be increased five-fold by the Reserve Bank of India or RBI to deal with cash shortages in certain parts of the country, fuelled partly by hoarding of high denomination currency, the government has said.
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As Empty ATMs Reported, RBI Says Shortage Due To Logistical Reasons: 10 Points
In response to reports that ATMs in several states are running dry, Finance Minister Arun Jaitley today conceded a "temporary shortage in some areas" and said it was being "tackled quickly". The Reserve Bank of India said the shortage may be felt in some pockets due to logistical issues and clarified that there is sufficient cash in RBI vaults. Com...
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RBI Lifts Limits On Withdrawals From ATMs, Current Accounts
The Reserve Bank of India today removed limits on cash withdrawals from current accounts, cash credit accounts and overdraft accounts with immediate effect. The restrictions on ATM withdrawals will go from Wednesday, February 1. But restrictions on savings bank accounts will continue for now - meaning a savings account holder can withdraw Rs 24,000...
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5 Months Before Notes Ban, Centre Okayed New Currency, Reveals RTI
The design of the new Rs 2,000 and Rs 500 notes were approved by the government on June 7, 2016 - a full five months before it announced that existing high denomination currency bills would no longer be valid. This was revealed by the Reserve Bank of India in response to a Right To Information request filed by NDTV.
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Cash Situation Back To Normal Soon, RBI Chief Urjit Patel Tells Lawmakers' Panel: 10 Points
Urjit Patel, the chief of the Reserve Bank of India, confronted questions from a parliamentary committee on the sudden ban on 500 and 1,000 rupee notes in November and said the cash situation would return to normal soon. Millions were left facing a severe crunch after 86 per cent of the cash in circulation was outlawed overnight in a massive anti-c...
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RBI Chief Urjit Patel To Explain Notes Ban To Parliamentary Panel Today
Reserve Bank of India Governor Urjit Patel is expected to appear before a parliamentary panel today, which has asked him to explain the decision of demonetisation and its effect on economy. He is also expected to be asked about the steps the nation's Central bank took to counter the cash crunch that followed the sudden withdrawal of 500- and 1000-...
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RBI Governor Urjit Patel To Brief Parliamentary Panel On Notes Ban Tomorrow
RBI Governor Urjit Patel will brief a parliamentary panel tomorrow about demonetisation and its impact on the economy and the steps taken by the central bank to deal with the cash crunch. Representatives of the Finance Ministry, including the department of Economic Affairs, Financial Services and Revenue will also brief the members of the Standing...
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Parliamentary Panel Summons RBI Chief Urjit Patel, Seeks Explanation On Notes Ban
A parliamentary committee probing the government's decision to scrap Rs 500, 1,000 bank notes, has sent the Reserve Bank of India governor Urjit Patel a list of questions on the demonetisation process and asked him to appear before it on Jan 20.
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50 Days After Cash Ban, PM Modi To Discuss Impact In National Address Today: 10 Points
Prime Minister Narendra Modi will address the country today on New Year's eve which also brings an end to a 50-day period that he had sought to bring normalcy after an abrupt November 8 ban on 500 and 1,000-rupee notes. While the restrictions on cash withdrawal stays on because of a limited cash supply to banks, the daily withdrawal limit from ATMs...
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RBI Chief Urjit Patel Likely To Appear Before Parliamentary Panel Next Month
Reserve Bank of India (RBI) Governor Urjit Patel is likely to be called by the Parliamentary Committee of Finance for a briefing on demonetisation next month, informed sources said on Thursday.
-
"Digital Transactions Not Universal": RBI Told To Solve Dry ATM Issue
A parliamentary panel has asked the Reserve Bank of India to address the problem of perpetually dysfunctional ATMs so as to avoid a situation of forced cash crunch.
-
Government Fights Rupee Drop, Cash Crunch In Coordinated Policy Moves
The government upped the ante in its efforts to restore investor confidence, with the RBI taking measures to ease liquidity for lenders a day after the centre raised import tariffs to support the battered rupee.
-
Told You So: Andhra, Telangana Junk Centre's Cash Crunch Logic
Calling the bluff of the centre that the cash crunch was "sudden and temporary", the state governments of Andhra Pradesh and Telangana say they had flagged their concerns to the union government and the Reserve Bank of India (RBI) well in advance.
-
Ghost Of Note-Ban Haunts Government, RBI: P Chidambaram
Former finance minister P Chidambaram on Wednesday attacked the government and the RBI over the acute cash crunch in the country and said the ghost of demonetization has come back to haunt them.
-
Cash Crunch: Gujarat Banker's Body Writes To RBI
As several places in the country reported cash shortage at ATMs, a banker's body in Gujarat has written to the RBI on the issue. At several ATMs across Gujarat, a "no cash" notice greeted customers on Tuesday. Hassled consumers say the problem has persisted for at least 15 days.
-
Printing Of Rs 500 Notes To Increase Five-Fold To Deal With Cash Crunch: Government
The printing of Rs 500 notes will be increased five-fold by the Reserve Bank of India or RBI to deal with cash shortages in certain parts of the country, fuelled partly by hoarding of high denomination currency, the government has said.
-
As Empty ATMs Reported, RBI Says Shortage Due To Logistical Reasons: 10 Points
In response to reports that ATMs in several states are running dry, Finance Minister Arun Jaitley today conceded a "temporary shortage in some areas" and said it was being "tackled quickly". The Reserve Bank of India said the shortage may be felt in some pockets due to logistical issues and clarified that there is sufficient cash in RBI vaults. Com...
-
RBI Lifts Limits On Withdrawals From ATMs, Current Accounts
The Reserve Bank of India today removed limits on cash withdrawals from current accounts, cash credit accounts and overdraft accounts with immediate effect. The restrictions on ATM withdrawals will go from Wednesday, February 1. But restrictions on savings bank accounts will continue for now - meaning a savings account holder can withdraw Rs 24,000...
-
5 Months Before Notes Ban, Centre Okayed New Currency, Reveals RTI
The design of the new Rs 2,000 and Rs 500 notes were approved by the government on June 7, 2016 - a full five months before it announced that existing high denomination currency bills would no longer be valid. This was revealed by the Reserve Bank of India in response to a Right To Information request filed by NDTV.
-
Cash Situation Back To Normal Soon, RBI Chief Urjit Patel Tells Lawmakers' Panel: 10 Points
Urjit Patel, the chief of the Reserve Bank of India, confronted questions from a parliamentary committee on the sudden ban on 500 and 1,000 rupee notes in November and said the cash situation would return to normal soon. Millions were left facing a severe crunch after 86 per cent of the cash in circulation was outlawed overnight in a massive anti-c...
-
RBI Chief Urjit Patel To Explain Notes Ban To Parliamentary Panel Today
Reserve Bank of India Governor Urjit Patel is expected to appear before a parliamentary panel today, which has asked him to explain the decision of demonetisation and its effect on economy. He is also expected to be asked about the steps the nation's Central bank took to counter the cash crunch that followed the sudden withdrawal of 500- and 1000-...
-
RBI Governor Urjit Patel To Brief Parliamentary Panel On Notes Ban Tomorrow
RBI Governor Urjit Patel will brief a parliamentary panel tomorrow about demonetisation and its impact on the economy and the steps taken by the central bank to deal with the cash crunch. Representatives of the Finance Ministry, including the department of Economic Affairs, Financial Services and Revenue will also brief the members of the Standing...
-
Parliamentary Panel Summons RBI Chief Urjit Patel, Seeks Explanation On Notes Ban
A parliamentary committee probing the government's decision to scrap Rs 500, 1,000 bank notes, has sent the Reserve Bank of India governor Urjit Patel a list of questions on the demonetisation process and asked him to appear before it on Jan 20.
-
50 Days After Cash Ban, PM Modi To Discuss Impact In National Address Today: 10 Points
Prime Minister Narendra Modi will address the country today on New Year's eve which also brings an end to a 50-day period that he had sought to bring normalcy after an abrupt November 8 ban on 500 and 1,000-rupee notes. While the restrictions on cash withdrawal stays on because of a limited cash supply to banks, the daily withdrawal limit from ATMs...
-
RBI Chief Urjit Patel Likely To Appear Before Parliamentary Panel Next Month
Reserve Bank of India (RBI) Governor Urjit Patel is likely to be called by the Parliamentary Committee of Finance for a briefing on demonetisation next month, informed sources said on Thursday.
