New Delhi, (IANS) : With reports of Jan-Dhan accounts being used by other people to deposit their unaccounted cash, the Finance Ministry on Tuesday set an upper limit of Rs 50,000 for deposits into these accounts. "Some people are using Jan-Dhan accounts to deposit...
Chennai, (IANS) : Global credit rating agency Fitch Ratings on Monday forecast that inflation in India would touch Reserve Bank of India's (RBI) medium term target range of two-six per cent by end 2018. In its bi-monthly newsletter the rating agency said: "Fitch...
Kolkata, (IANS) : State Bank of India (SBI) expects to calibrate 1,000 of its ATMs for Rs 2,000 currency notes by Monday night, its Chairman Arundhati Bhattacharya said on Sunday. "We are working hard to bring back normalcy in banking service. In all India level, we...
Chennai, (IANS) : The merger of Max Life Insurance Company Ltd with HDFC Standard Life Insurance Company Ltd has hit the regulatory block with the insurance regulator expressing reservations on the proposed scheme, Max Financial Services said on Saturday. In a...
New Delhi, (IANS) : The apex body representing the cargo and passenger transport industry has warned that the supply of essential items can get adversely impacted, if the current cash withdrawal limit is not enhanced. According to the All India Motor Transport...
New Delhi, (IANS) : Union Finance Minister Arun Jaitley said around Rs 2 lakh crore has been deposited till 12.15 pm on Saturday in banks across the country, following the demonetisation of Rs 500 and Rs 1,000 notes. "The largest banker in the country State Bank of...
New Delhi, (IANS) : Tens of thousands of anxious people massed outside banks and ATMs here on Saturday for a third day to deposit or exchange their spiked currency or take out cash. Serpentine queues started forming outside all banks much before they opened, armed...
Mumbai, (IANS) : The Reserve Bank of India (RBI) on Friday said there was enough cash made available with banks all over the country for exchange of demonetised Rs 500 and Rs 1,000 notes, though it may "take a while for the banks to recalibrate their ATMs". "There is...
Mumbai, (IANS) : As much as Rs 53,000 crore were deposited with the State Bank of India (SBI) during the last two days after the government's demonetisation move, bank Chairperson Arundhati Bhattacharya said on Friday. She said the bank received Rs 31,000 crore on...
Kathmandu, (IANS) : Nepal's banking system has held banned Indian currency (IC) 500 and 1,000 notes worth Rs 35 million ($524,737). "As reported by the banking institutions licensed by us, they have held banned IC notes worth 35 million rupees as of Thursday," said...