Mumbai, (IANS) : Following expiry of the deadline to deposit demonetised currency in banks, the RBI on Friday relaxed the daily ATM withdrawal limit to Rs 4,500 from the earlier cap of Rs 2,500, with this facility, to be effective from January 1, coming as a new year...
New Delhi, (IANS) : The deadline to deposit old Rs 500 and Rs 1,000 notes in banks ends on Friday. From next week onward, those still holding the scrapped currency can deposit it only with the Reserve Bank of India till March 31, 2017. After March 31, holding...
By Biswajit Choudhury, Mumbai, (IANS) : The year 2016 has been the most momentous since India's Independence for the Reserve Bank on account of a trinity of events -- Raghuram Rajan's exit from the governorship, the decision on interest rates for the first time by a...
Mumbai, (IANS) : Indian equity markets soared during the mid-afternoon trade session on Friday as investors' sentiments were buoyed by rupee appreciation, broadly positive Asian peers and value buying. The key indices traded with gains close to one per cent each, as...
New Delhi, (IANS) : The report on Digital Payments, prepared by the committee headed by former Finance Secretary Ratan P. Watal, was put in public domain on Tuesday and suggests outsourcing electronic fund transfer systems like RTGS and NEFT and making the service...
Singapore, (IANS) : Rating agency Moodys Investors Services said on Tuesday that its outlook for banks in the Asia-Pacific region remains negative for 2017 based on the assumption of a difficult operating environment impacting banks' asset quality and profitability....
By Porisma P. Gogoi, Mumbai, (IANS) : Indian equity markets embraced the bulls during the week ended Friday as investors' sentiments were boosted by positive global cues, the rupee's appreciation and fresh inflows of foreign funds. The key Indian indices closed the...
New Delhi, (IANS) : Following the Income Tax Department's warning on not allowing misuse of Jan Dhan accounts for laundering black money post-demonetisation, inflows into such accounts have come down significantly, the government has said. In a release late on...
Mumbai, (IANS) : The Reserve Bank of India (RBI) on Wednesday kept its key lending rates unchanged and lowered the country's growth forecast citing global and local uncertainties. The Monetary Policy Committee (MPC) of the RBI during its second bi-monthly monetary...
Mumbai, (IANS) : Almost 12 lakh crore demonetised Rs 500 and Rs 1,000 notes have been deposited by the public since the November 8 announcement, R. Gandhi, Deputy Governor, Reserve Bank of India (RBI), said here on Wednesday. "Almost 11.85 lakh crore notes have been...