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PMC Bank Crisis: Police Custody Of HDIL Directors Extended To October 14
A Mumbai court has extended police custody of HDIL Directors Rakesh and Sarang Wadhwan till October 14 after they were arrested last week in connection with loan default worth Rs 4,355 crore at PMC Bank
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RBI Raises Weekly Cash Withdrawal Limit To Rs 50,000 From Feb 20, Limits End Mid-March
Starting February 20, you can withdraw upto Rs 50,000 per week from your savings account, the Reserve Bank of India said today, adding that from March 13, there will be no limits on cash withdrawals.
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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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Assembly Elections 2017: More Cash For Candidates? Election Commission Irked By RBI's Response
The Election Commission's written request to the Reserve Bank of India to allow more cash withdrawal for election candidates in the five states has been turned down. The central bank said the special provision was not possible at the moment, piquing the poll authority to give a curt response.
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Assembly Elections 2017: Let Candidates Withdraw Rs 2 Lakh A Week, Election Commission Requests RBI
The Election Commission has written to the Reserve Bank of India asking it to increase the weekly limit of cash withdrawal limit for candidates from Rs 24,000 to Rs 2 lakh. According to the last rule of the Central Bank, one can withdraw Rs 24,000 a week from banks. But no special provision has been made for election candidates. The request of the ...
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Reserve Bank Increases ATM Cash Withdrawal Limit To Rs 10,000 A Day
Starting Tuesday, you can pull out 10,000 per day from an ATM, though a weekly limit of 24,000 per bank account remains unchanged. The RBI has increased the daily limit for ATM withdrawals from Rs 4,500 which has been in place for a few weeks now.
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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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Cash Withdrawal Restrictions May Continue Beyond December 30, Say Bankers
Restrictions on withdrawal of cash from banks and ATMs are likely to continue beyond December 30 as currency printing presses and RBI have not been able to keep pace with the demand of new currency notes.
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Notes Exchange Limited To Rs 2,000 Starting Today: 10 Big Developments
The government on Thursday announced new measures to help farmers and families planning weddings withdraw more money from banks amid a massive cash crunch after the sudden ban on high value currency last week. Prime Minister Narendra Modi has reviewed cash availability and the steps taken to ease hardship in a meeting with Finance Minister Arun Jai...
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Amid Rush For New Notes, No Fee For Using Another Bank's ATM: 10 Facts
Long queues formed at banks across the country today as millions rushed to deposit and swap Rs 500 and Rs 1,000 notes, banned in a surprise announcement by Prime Minister Narendra Modi to check black or untaxed money. The government is "unwavering in its effort to create an India that is corruption free and where fruits of development touch every c...
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Companies in Greece Offer Salaries in Cash During Bank Shutdown
At least three companies in Greece including its biggest electronic appliances chain have paid staff in cash, after the country imposed limits on withdrawals from banks last week in an bid to ward off a possible collapse of its banking system.
-
PMC Bank Crisis: Police Custody Of HDIL Directors Extended To October 14
A Mumbai court has extended police custody of HDIL Directors Rakesh and Sarang Wadhwan till October 14 after they were arrested last week in connection with loan default worth Rs 4,355 crore at PMC Bank
-
RBI Raises Weekly Cash Withdrawal Limit To Rs 50,000 From Feb 20, Limits End Mid-March
Starting February 20, you can withdraw upto Rs 50,000 per week from your savings account, the Reserve Bank of India said today, adding that from March 13, there will be no limits on cash withdrawals.
-
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...
-
Assembly Elections 2017: More Cash For Candidates? Election Commission Irked By RBI's Response
The Election Commission's written request to the Reserve Bank of India to allow more cash withdrawal for election candidates in the five states has been turned down. The central bank said the special provision was not possible at the moment, piquing the poll authority to give a curt response.
-
Assembly Elections 2017: Let Candidates Withdraw Rs 2 Lakh A Week, Election Commission Requests RBI
The Election Commission has written to the Reserve Bank of India asking it to increase the weekly limit of cash withdrawal limit for candidates from Rs 24,000 to Rs 2 lakh. According to the last rule of the Central Bank, one can withdraw Rs 24,000 a week from banks. But no special provision has been made for election candidates. The request of the ...
-
Reserve Bank Increases ATM Cash Withdrawal Limit To Rs 10,000 A Day
Starting Tuesday, you can pull out 10,000 per day from an ATM, though a weekly limit of 24,000 per bank account remains unchanged. The RBI has increased the daily limit for ATM withdrawals from Rs 4,500 which has been in place for a few weeks now.
-
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...
-
Cash Withdrawal Restrictions May Continue Beyond December 30, Say Bankers
Restrictions on withdrawal of cash from banks and ATMs are likely to continue beyond December 30 as currency printing presses and RBI have not been able to keep pace with the demand of new currency notes.
-
Notes Exchange Limited To Rs 2,000 Starting Today: 10 Big Developments
The government on Thursday announced new measures to help farmers and families planning weddings withdraw more money from banks amid a massive cash crunch after the sudden ban on high value currency last week. Prime Minister Narendra Modi has reviewed cash availability and the steps taken to ease hardship in a meeting with Finance Minister Arun Jai...
-
Amid Rush For New Notes, No Fee For Using Another Bank's ATM: 10 Facts
Long queues formed at banks across the country today as millions rushed to deposit and swap Rs 500 and Rs 1,000 notes, banned in a surprise announcement by Prime Minister Narendra Modi to check black or untaxed money. The government is "unwavering in its effort to create an India that is corruption free and where fruits of development touch every c...
-
Companies in Greece Offer Salaries in Cash During Bank Shutdown
At least three companies in Greece including its biggest electronic appliances chain have paid staff in cash, after the country imposed limits on withdrawals from banks last week in an bid to ward off a possible collapse of its banking system.
