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  Banks to remain closed for next three days, cash-starved people to suffer

  December 10, 2016 8:20 IST

  With banks closed for the next three days in many cities, including in the national capital, cash-starved people likely to face difficulties in buying daily essentials. Banks are shut on Monday for Eid-e-Milad.

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  Demonetisation: Merely depositing old notes in banks won't make black money white, says Jaitley

  December 08, 2016 21:13 IST

  Finance Minister Arun Jaitley today cautioned people that mere depositing the old notes in banks will not help in converting the money from 'black to white' and tax liability would remain on unexplained funds. Less

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  ED swoops down on over 50 bank branches across India, suspect transactions under scanner

  December 07, 2016 23:19 IST

  In one of the biggest crackdowns on money laundering and hawala transactions post demonetisation, the Enforcement Directorate today launched an 'enquiry of records' operation at over 50 bank branches across the country to detect money

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  Repo rate unchanged but huge cash inflows may help banks cut interest rates

  December 07, 2016 20:09 IST

  The Reserve Bank of India (RBI) may have maintained status quo on the repo rate in its fifth bi-monthly policy meet but there is still scope available with banks to lower the lending rates, providing

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  Punjab: Bank guard fires in air to disperse cash-hungry crowd

  India | December 06, 2016 22:45 IST

  The effect of demonetisation was today at its worst in Punjab. An impatient crowd of cash-hungry people had gathered outside a private bank in Budhlada town and started to force their way inside the branch.

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  Bank unions threaten strike over escalating work pressure, demand bank closure till cash supply improves

  December 06, 2016 13:35 IST

  Combating with the increasing work pressure in the wake of demonetisation and grappling with currency shortage, bank unions have threatened of agitation, including a strike against the government.

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  RBI to issue new Rs 50, Rs 20 notes, old notes to remain valid

  December 04, 2016 19:17 IST

  After releasing new Rs 500 and Rs 2000 currency notes, the Reserve Bank of India (RBI) will shortly issue new Rs 50 and Rs 20 denomination banknotes in the Mahatma Gandhi Series-2005. "The design and

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  Demonetisation: Banks gear up for rush on pay day as ATMs run dry

  November 30, 2016 22:11 IST

  Queues got longer on Wednesday as people in large numbers gathered at banks to withdraw salaries.

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  Demonetisation: RBI eases cash balance requirement for banks

  November 30, 2016 20:17 IST

  RBI today permitted banks to include now defunct Rs 500 and 1,000 notes as part of their cash balance.

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  Old notes worth Rs 5.44L cr deposited in banks post note ban: RBI

  November 21, 2016 18:37 IST

  Banks have received Rs 5.44 lakh crore worth of old high denomination currency, Rs 33,006 crore of which was exchanged with valid notes, the Reserve Bank of India informed today.

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  Sharia Banking: RBI proposes 'Islamic window' in banks

  November 20, 2016 16:36 IST

  India's central banking institution Reserve Bank of India (RBI) has proposed opening of "Islamic window" in ordinary banks for "gradual" introduction of Sharia-compliant or interest-free banking in the nation. Both the Centre and RBI are

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  Know why banks spraying perfume, insecticides on notes before disbursing

  November 19, 2016 17:25 IST

  Several banks in different parts of the country are disbursing Rs 100 notes after spraying perfume and insecticides as they have been receiving soiled notes that were suppose to be dumped after being taken out

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  New Rs 500 notes to be available at bank counters in Odisha from tomorrow, says RBI

  November 16, 2016 19:51 IST

  Amidst the scramble for money across the country, the Reserve Bank of India (RBI), Bhubaneswar, on Wednesday said that the new Rs. 500 notes will be available from November 17, 2016 crosswise over Odisha. “We

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  Govt tightens noose around black money holders; asks banks, POs to report cash deposits over Rs 2.5 lakh to I-T

  November 16, 2016 19:14 IST

  The operations of scrapping of 500 and 1000 rupee notes will end on December 30, but the government will continue to monitor your bank accounts for large cash transactions and beyond that. The government has

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  Note ban decision taken without proper planning, has led to 'financial chaos', say bank unions

  November 14, 2016 18:21 IST

  As the long queues outside the banks continue to stay thick, two leading bank unions today criticised the government over demonetisation of Rs 500 and Rs 1,000 notes, saying the move has led to financial chaos across the country.

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  Cash deposits cross Rs 1.5 lakh crore in five days since currency ban

  November 14, 2016 12:27 IST

  The impact of the government’s November 8 move to demonetise 500, 1000-rupee notes is evident from the fact that the total cash deposited in banks within five days of the announcement has crossed Rs 1.5 lakh crore.

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  Amid chaos, banks to remain closed today; ATMs will be functional

  November 14, 2016 12:12 IST

  Banks will be closed today on occasion of Gurupurab in Northern India including key cities like Delhi and Mumbai.

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  Relief for people! New series of Rs 500 notes now available

  November 13, 2016 20:46 IST

  In what may come as a relief for people post the demonetisation move, the new Rs 500 notes were issued by the government on Sunday. The Currency Note Press (CNP), Nashik, has already dispatched new

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  13th November News in Nutshell: Important stories of the day

  India | November 13, 2016 19:36 IST

  Important stories of the day

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  Your reward for standing in long queues outside banks – Free Pizzas!

  India | November 11, 2016 20:28 IST

  As people stood in long queues outside banks today for exchanging their Rs 500 and Rs 1000 currency notes, the fast food giant Pizza Hut offered them free pizzas and slices with a glass of