India Currency Ban
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State Bank of India Leads The Way With Rate Cuts, Congress, Trinamool Not Impressed
A day after Prime Minister Narendra Modi appealed to banks to make loans easily available to "the poor, lower middle class and the middle class," three public sector banks lowered their lending rates.
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On November 8, Reserve Bank Had A Third Of Money Being Banned In New 2,000-Rupee Notes
On November 8, the day Prime Minister Narendra Modi announced that Rs 100 and Rs 500 notes will be scrapped, the Reserve Bank had Rs 4.94 lakh crore in 2,000-rupee notes in its possession. This is roughly 30 per cent of the Rs 15.44 lakh crore that was circulating in 500 and 1,000 rupee notes at the time.
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At Axis Bank Noida Branch, 20 Fake Accounts Found With Over 60 Crore Deposits Since Notes Ban
In raids at an Axis bank branch today, tax officials found fake accounts where over 60 crores had been deposited since the notes ban was announced last month.
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Notes Ban: Foreign Diplomats Can Now Get Money From Bank On Priority
Facing complaints from several embassies on the cash crunch after the notes ban announced last month, the government has instructed banks to allow foreign diplomats to withdraw money on a priority basis.
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Situation 'Not Absolutely Normal' But Ready For Pay Day, SBI Tells NDTV
As banks across India, hit by the cash shortage, gear up for pay day, a top official of the State Bank of India or SBI has claimed that India's largest bank is prepared for the rush.
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Warning Issued To Private Jets Over Being Misused To Fly Banned Notes
India has threatened to punish private jet operators that fly to small and remote airports without police clearance as Prime Minister Narendra Modi tries to plug loopholes in his campaign against unaccounted money.
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Banks Open Special Counters At Chennai Airport For Passengers
Public and private sector banks banks have set up special counters at the airport in Chennai to facilitate exchange of banned high value currency notes to help the passengers.
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Fields Left Vacant As Punjab Farmers Queue Up For Cash; Labourers Unpaid
It's a race against time for farmers in Togan village on the outskirts of Punjab's Mohali. Instead of sowing in the fields, many have queued up outside banks and ATMs to exchange their old 500 and 1,000 rupee notes which are now defunct.
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Pakistan Rubbishes Rumours Of India-Like Currency Ban: Report
Pakistan won't go the India way. It will not demonetise Rs 5,000 notes or withdraw Rs 40,000 prize bonds, the media reported today.
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State Bank of India Leads The Way With Rate Cuts, Congress, Trinamool Not Impressed
A day after Prime Minister Narendra Modi appealed to banks to make loans easily available to "the poor, lower middle class and the middle class," three public sector banks lowered their lending rates.
-
On November 8, Reserve Bank Had A Third Of Money Being Banned In New 2,000-Rupee Notes
On November 8, the day Prime Minister Narendra Modi announced that Rs 100 and Rs 500 notes will be scrapped, the Reserve Bank had Rs 4.94 lakh crore in 2,000-rupee notes in its possession. This is roughly 30 per cent of the Rs 15.44 lakh crore that was circulating in 500 and 1,000 rupee notes at the time.
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At Axis Bank Noida Branch, 20 Fake Accounts Found With Over 60 Crore Deposits Since Notes Ban
In raids at an Axis bank branch today, tax officials found fake accounts where over 60 crores had been deposited since the notes ban was announced last month.
-
Notes Ban: Foreign Diplomats Can Now Get Money From Bank On Priority
Facing complaints from several embassies on the cash crunch after the notes ban announced last month, the government has instructed banks to allow foreign diplomats to withdraw money on a priority basis.
-
Situation 'Not Absolutely Normal' But Ready For Pay Day, SBI Tells NDTV
As banks across India, hit by the cash shortage, gear up for pay day, a top official of the State Bank of India or SBI has claimed that India's largest bank is prepared for the rush.
-
Warning Issued To Private Jets Over Being Misused To Fly Banned Notes
India has threatened to punish private jet operators that fly to small and remote airports without police clearance as Prime Minister Narendra Modi tries to plug loopholes in his campaign against unaccounted money.
-
Banks Open Special Counters At Chennai Airport For Passengers
Public and private sector banks banks have set up special counters at the airport in Chennai to facilitate exchange of banned high value currency notes to help the passengers.
-
Fields Left Vacant As Punjab Farmers Queue Up For Cash; Labourers Unpaid
It's a race against time for farmers in Togan village on the outskirts of Punjab's Mohali. Instead of sowing in the fields, many have queued up outside banks and ATMs to exchange their old 500 and 1,000 rupee notes which are now defunct.
-
Pakistan Rubbishes Rumours Of India-Like Currency Ban: Report
Pakistan won't go the India way. It will not demonetise Rs 5,000 notes or withdraw Rs 40,000 prize bonds, the media reported today.
