Cash Rush

Ready For Pay Day, Reserve Bank Tells Government As Bankers Brace For Cash Rush

India News | Edited by Raija Susan Panicker | Wednesday November 30, 2016

Pay Day is here and the Reserve Bank of India has assured the government that it is ready for higher withdrawals of cash in the next week, when most employers in the country pay salaries. All government presses are printing the new 500-rupee note to meet the massive demand for cash expected till December 7, the central bank has told the Finance Min...

Why, Despite Government Offers, Farmers Are Struggling With Notes Ban

India News | Agencies | Monday November 28, 2016

The government has taken steps, including announcing zero-balance Jan Dhan accounts for poor people, but growth of bank branches have been low as margins are slender for most lenders.

3-Year-Old Dies Waiting For Treatment As Father Waits In Bank For Cash

India News | Written by Alok Pandey | Tuesday November 22, 2016

A three-year-old girl died at a private clinic in Uttar Pradesh while her father was standing in line at a bank to withdraw money.

'Fargical Strike': Lalu Yadav Targets PM Narendra Modi Over Currency Ban

India News | Press Trust of India | Tuesday November 15, 2016

Breaking his silence on the centre's decision to demonetise Rs 500 and Rs 1,000 notes, Rashtriya Janata Dal chief Lalu Prasad on Monday asked the Prime Minister whether every individual would get the 'promised' Rs 15 lakh each in their bank accounts after the completion of 50 days.

India's Largest Bank Collects Rs 76,000 Crore In 5 Days Of Cash Rush

India News | Written by Anant R Zanane (with inputs from agencies) | Sunday November 13, 2016

India's largest bank, State Bank of India, had collected Rs 75,945 crore till 5 pm Sunday, as crores of people across the country clamoured for new rupee bills five days after a shock abolishment of large denomination notes.