Banks
-
Bankers illegally exchanged scrapped notes worth Rs 71.5 crore, govt informs LS
Feb 03, 2017, 08:09 PM ISTEmployees of some banks indulged in the illegal exchange of scrapped currency notes worth Rs 71.5 crore following the government’s decision to demonetise certain high-value currency notes on November 8, the government informed Parliament today.
-
Rs 5,000 crore withdrawn from Jan Dhan accounts post note ban
Jan 29, 2017, 11:50 PM ISTSince December 7, Jan Dhan accounts have witnessed a net withdrawal of Rs 5,582.83 crore. Total deposits had increased to a record high of Rs 74,610 crore on December 7 and thereafter, it saw a
-
‘Serious differences’ in accounts in co-operative banks post notes ban: I-T dept tells RBI
Jan 19, 2017, 10:52 PM ISTThe Income Tax Department has written to the RBI informing it about alleged illegal malpractices being deployed by a number of cooperative banks after its probe found "serious" difference in accounts, to the tune of
-
ATM makers get a big boost in new orders as demand for machines increase post-demonetisation
Jan 15, 2017, 01:48 PM ISTBanks are likely to increase ATM orders and manufacturing is set to get a fillip in 2017, say the ATM companies.
-
'PSBs require equity worth Rs 1.7 lakh crore by March 2019'
Jan 10, 2017, 04:59 PM ISTThe public sector banks (PSBs) will need equity worth Rs 1.7 lakh crore by March 2019, which can turn out to be higher on an increased credit growth, a recent Assocham-Crisil joint study has revealed.
-
Weak assets to affect banks’ profitability till next fiscal: Moody's
Jan 09, 2017, 06:27 PM ISTWeak asset quality will continue to plague credit profile of banks, with their profitability remaining under pressure till the next fiscal, credit rating agency Moody's has said in its latest report.
-
Govt tightens noose, asks banks to obtain PAN from account holders
Jan 08, 2017, 05:45 PM ISTIn its latest attempt to spot and eliminate tax evaders, the government today asked banks to obtain permanent account number (PAN) or Form-60 if PAN is not available, from all bank account holders by February
-
50-day deadline over, but tempers still high as banks run dry
India | Jan 04, 2017, 12:41 PM ISTThe respite promised by PM Narendra Modi after December 31 still seems far off as banks in several parts of Saurashtra continued to face a cash crunch and had to tackle the customer’s ire.
-
RBI asks banks to furnish details on deposits on Rs 500 and Rs 1,000 notes since note ban
Dec 30, 2016, 04:47 PM ISTThe Reserve Bank of India (RBI) has asked banks for details of cash deposits in demonetised currency notes since the decision was announced on November 8. In a notice issued by the RBI, banks have
-
Demonetisation: 60 lakh depositors put Rs 7 lakh crore in banks since November 8
Dec 29, 2016, 07:28 PM ISTThe government has said that deposits totalling Rs 7 lakh crore were made by some 60 lakh individuals and companies following the announcement to demonetize high-valu currency notes on November 8. The government has also
-
ED lens on 4 Mumbai banks for assisting bullion trader exchange Rs 150 cr illegally
India | Dec 26, 2016, 12:23 PM ISTThe government’s crackdown on black money hoarders continues with the Enforcement Directorate writing to four banks, accusing their officials of helping a Mumbai-based bullion trader get Rs 150 crore in demonetised currency into legal tender
-
No increase in cash withdrawal limits even after December 30
Dec 25, 2016, 04:07 PM ISTAs currency printing presses and the Reserve Bank of India have not been able to keep up with the demand of new currency notes, restrictions on withdrawal of cash from banks and ATMs are likely
-
Banks stop questioning depositors after fresh RBI directive
Dec 21, 2016, 09:04 PM ISTFollowing the RBI’s circular to banks exempting KYC-compliant accounts from scrutiny even if the deposited amount exceeded Rs 5000, banks today began accepting the junked Rs 500 and Rs 1000 notes without any questions. With
-
30 pc drop in revenue post demonetisation, says Andhra minister
National | Dec 21, 2016, 08:37 PM ISTWith no end to the lack of promptly accessible cash and long queues of people looking to exchange notes, Andhra Pradesh Finance minister Yanamala Ramakrishnudu has said that the government’s decision to scrap Rs.500 and
-
Banks to cut charges on digital payments above Rs 1,000, says govt
Dec 21, 2016, 04:01 PM ISTAs part of its ongoing efforts to promote digital transactions in the country, the government on Wednesday asked all public sector banks to bring down the charges for different types of electronic payments up to
-
In 5 days after demonetisation, old notes worth Rs 9000 cr deposited in district cooperative banks
Dec 18, 2016, 08:59 AM ISTSelect district central cooperative banks (DCCBs) across 17 states received over Rs 9,000 crore from November 10 to November 14.
-
Reality test: RBI asks banks to preserve CCTV recordings, do they have working surveillance system? (watch video)
India | Dec 15, 2016, 12:09 AM ISTRBI issued a notification yesterday asking banks to preserve CCTV recordings of operations at bank branches and currency chests.
-
Preserve CCTV recordings of branch operations, currency chests from Nov 8 to Dec 30: RBI to banks
Dec 13, 2016, 06:04 PM ISTRBI has advised all banks across the country to preserve the CCTV recordings of operations at bank branches and currency chests for the period from November 08 to December 30, 2016.
-
SBI to soon launch credit card with Rs 25,000 limit to tap low-income individuals
Dec 11, 2016, 06:15 PM ISTAt a time when cash crunch gripping the country these days, public sector bank SBI has decided to launch a credit card with a cap of Rs 25,000 for those at the lower strata of
-
Cash crunch may escalate during three-day bank holiday
Dec 10, 2016, 06:49 PM ISTWith three-day bank holiday starting today and a majority of ATMs still not functioning, the cash crunch in the country may escalate further leaving residents high and dry for want of cash during the weekend.