Banks general
No dearth of cash, says RBI governor but urges people to go digital
28 Nov 2016
RBI has asked scheduled banks to maintain an incremental CRR of 100 per cent, effective the fortnight beginning 26 November 2016, till RBI reviews monetary policy on 9 December
Jaitley pushes banks to switch to cashless transactions
26 Nov 2016
The finance minister emphasised that physical currency must shrink while the economy should expand, shifting more and more focus to digital currency
Cashless deals up 300%; big demand for PoS devices: SBI chief
25 Nov 2016
Point of Sale transactions in State Bank of India have surged 300 per cent in numbers and 200 per cent by value, indicating that digital transactions have gone up, says SBI chairperson Arundhati Bhattacharya
SBI slashes bulk deposit rates by up to 1.9%
24 Nov 2016
At 3.85 per cent the revised rate of interest on 180-210-day fixed deposits is lower than rates on savings accounts, which currently stands at a minimum of 4 per cent
Deposits in Jan Dhan accounts swell by Rs21,000 cr in 15 days
23 Nov 2016
Reports say most of the money flows into Jan Dhan accounts were in West Bengal and Karnataka, which translates in to huge hoards of cash in these states
Deposits in Jan Dhan accounts swell by Rs21,000 cr in 15 days
23 Nov 2016
Reports say most of the money flows into Jan Dhan accounts were in West Bengal and Karnataka, which translates in to huge hoards of cash in these states
Switzerland agrees to share bank account info from Sep 2019
22 Nov 2016
The first such exchange is expected only in September 2019 and will not cover pending requests on details of Indians’ accounts in Swiss banks or any details on the so-called “stolen information”
Cash crunch: RBI eases repayment norms for small loans
22 Nov 2016
The new norms are applicable only for dues payable between 1 November and 31 December this year, as this is a short-term deferment of norms due to the current currency crunch
Cash crunch: RBI eases repayment norms for small loans
22 Nov 2016
The new norms are applicable only for dues payable between 1 November and 31 December this year, as this is a short-term deferment of norms due to the current currency crunch
Deposit flows to push down banks’ lending rates further
18 Nov 2016
The reduction in deposit rates will increase with the rise in deposits and this will translate into lower lending rates when banks review their marginal cost of funds-based lending rate (MCLR) by the end of the month
Election Commission cautions govt against using indelible ink to mark out currency changers
18 Nov 2016
Govt tightens noose around cash hoarders
17 Nov 2016
Govt has ordered scrutiny of all savings bank deposits above Rs2.5 lakh and current account deposits over Rs12.5 crore during the 9 November –30 December window even as it further restricted use of old currency
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