Banks

Exchange of old notes: Millions throng banks amid security

Anxious customers thronged the branches much before the opening time--some at the crack of dawn--and had to wait for several hours to complete their transactions with senior citizens also not being spared of hardships.

Nov 10, 2016, 16:39 PM IST

Demonetisation: Tax department will not hound small depositors, assures Arun Jaitley

Finance Minister Arun Jaitley on Thursday assured people that taxman will not hound those making small deposits in scrapped Rs 500/1,000 currency, but advised them not to throng banks as there is enough time to exchange the junked notes.

Nov 10, 2016, 16:31 PM IST

Banks re-open: Explained everything – from exchanging Rs 500, Rs 1000 notes to deposits, withdrawals and ATM transactions

With banks re-opening on Thursday after government ban on Rs 500, 1000 notes, people were seen rushing to their nearby banks to deposit cash, exchange their high denomination notes, but were seen facing many difficulties and had to return back, because of invalid or no documents.

Nov 10, 2016, 09:26 AM IST

Scrapping of Rs 500, Rs 1,000 notes: Here's how hoarders are disposing off their black money

People sitting on a huge pile of untaxed cash have found some really interesting way to dispose off the amount.

Nov 10, 2016, 07:16 AM IST

Interesting facts about history of demonetisation of Indian currency

Here's looking at some interesting facts about the history of demonetisation of Indian currency.

Nov 10, 2016, 06:26 AM IST

Confusion over demonetisation of Rs 500, Rs 1,000 notes? Clarify your doubts via this email id and phone number

If you are still confused regarding the demonetisation scheme you can email RBI or approach them through telephone.

Nov 10, 2016, 03:02 AM IST

Want to exchange Rs 500, Rs 1,000 notes? You will need these documents for proof of identity

Following are the list of documents which will work as identity proof.

Nov 10, 2016, 01:24 AM IST

Banks to remain open on Saturday, Sunday to facilitate exchange of notes

Share Bazar, Mandi Live, Aap Ka Bazar, First Trade, Big Debate etc.

Nov 09, 2016, 22:31 PM IST

Relief for Aam Aadmi! Banks to be open on Saturday and Sunday; new notes from Thursday

In a major relief for the common man, all banks across the country will remain open on this Saturday and Sunday for the conveniences of the customers.

Nov 09, 2016, 18:24 PM IST

New currency notes to be available in ATMs from Friday: Govt

The new hard-to-fake Rs 500 and Rs 2,000 currency notes will be available at bank ATMs when they start operating again from Friday, Finance Secretary Ashok Lavasa said on Wednesday.

Nov 09, 2016, 14:34 PM IST

Demonetisation of Rs 500, Rs 1,000 notes: All about the newly introduced scheme

In order to contain the rising incidence of fake notes and black money, the scheme to withdraw has been introduced.

Nov 09, 2016, 13:19 PM IST

Demonetisation of Rs 500, Rs 1,000 notes: FAQ by Reserve Bank of India

In order to contain the rising incidence of fake notes and black money, the scheme to withdraw has been introduced.

Nov 09, 2016, 12:49 PM IST

Rs 500, Rs 1000 notes demonetisation: Bankers, industry hail move

Bankers and industry leaders Tuesday welcomed the move to demonetise the Rs 500 and Rs 1,000 notes as "a bold and revolutionary" step, and affirmed their commitment to smoothen the transition.

Nov 08, 2016, 22:58 PM IST

Banks to be closed on Wednesday, ATMs may not work too

Banks across the nation will be closed on Wednesday and ATMs are likely to be non-functional as the government makes move to replace the Rs 500 and Rs 1000 notes with new Rs 500 and Rs 2000 notes.

Nov 08, 2016, 22:27 PM IST

Denotified Rs 500/Rs 1,000 currency: What you can do

Prime Minister Narendra Modi on Tuesday announced drastic measures to curtail black money, declaring Rs 500 and Rs 1,000 currency notes as illegal from midnight.

Nov 08, 2016, 21:49 PM IST

BoB cuts MCLR rate by 10 bps across tenors

State-owned Bank of Baroda on Saturday reduced the marginal cost of fund (MCLR) based interest rates by 0.10 percentage point across different tenors with effect from November 7.

Nov 05, 2016, 21:57 PM IST

Arun Jaitley exhorts banks to lend a hand to corporates

Content with robust foreign capital flows and increasing public investment, Finance Minister Arun Jaitley on Saturday exhorted banks to support corporates to help spur private investment, a must for the economy to take off in a big way.

Nov 05, 2016, 17:29 PM IST

Data fraud: Irdai takes guard, readies cyber security shield

In the wake of the recent data breach involving the banking system, insurance regulator Irdai is in the process of setting up a cyber security framework to thwart any such incident in future.

Nov 01, 2016, 16:11 PM IST

SC to hear banks' plea against Vijay Mallya today

The Supreme Court on Tuesday will hear the plea filed by SBI-led consortium of banks against beleaguered businessman Vijay Mallya for recovery of more than Rs 6,000 crore from him.

Oct 25, 2016, 09:52 AM IST

Finance Ministry to hold meeting with top bankers today to discuss NPA issue

In order to discuss the bad loans problem existing in specific sectors, Finance Ministry has called a meeting with senior managers of banks on Monday.

Oct 24, 2016, 09:18 AM IST