Tag: Bank
RBI To Announce Facility For NRIs To Exchange Old Notes
The Reserve Bank of India (RBI) on Saturday said that it will introduce a facility for exchange of old specified bank notes for Indian residents and NRIs, who were abroad from November 9 to December 30.....
SBI Cuts Cost Of Lending Rate By 0.9% Across Maturities
With major infusion of fresh liquidity arising from the demonetisation measure, state-run State Bank of India said on Sunday it had cut its lending rates by 90 basis points for maturities ranging from overnight to three-year tenures, after experiencing a surge in deposits.....
Send 40% Currency To Rural Areas, RBI Tells Banks
Admitting to the cash crunch prevailing in rural areas, the RBI on Tuesday asked commercial banks to send at least 40 per cent of the currency meant for circulation to their rural branches.....
Estimates Of Demonetised Notes Back With Banks May Be Incorrect: RBI
Reacting to media reports about the quantum of demonetised currency that has been returned to the banks, the Reserve Bank of India on Thursday said such estimates may not be correct.....
Tribunal Orders Attachment Of Mallya's Property For Debt Recovery
The Debt Recovery Tribunal (DRT) on Thursday ordered attachment and recovery of industrialist Vijay Mallya's properties for defaulting on bank loans by his defunct Kingfisher Airlines Ltd.....
CBI Arrests Ex-IDBI Chief, 7 Others In Vijay Mallya Loan Case
The CBI on Monday arrested four former IDBI Bank officials, including a former Chairman, and four former executives of now-defunct Kingfisher Airlines in its ongoing probe into the Vijay Mallya loan default case, officials said.....
RBI Lifts ATM Cash Withdrawal Limits From Wednesday
The RBI on Monday ended all curbs on withdrawals from Current Accounts, Cash Credit Accounts and Overdraft Accounts with immediate effect.....
No Rush For Cash, A Day Before ATM Curbs To Lift
There were no queues outside most ATMs in Delhi and Noida on Tuesday morning, a day before curbs on withdrawals are set to be lifted by the Reserve Bank of India (RBI). ....
Jaitley Moves Demonetisation Bill For Passage In Lok Sabha
Finance Minister Arun Jaitley on Tuesday moved the Specified Bank Notes (Cessation of Liabilities) Bill for passage in the Lok Sabha to formally make the banning of Rs 500 and Rs 1,000 notes a law, which includes provision of penalty for holding the demonetised notes.....
PM Justifies Note Ban, But Skips Mentioning Deaths
Speaking on demonetisation in Parliament for the first time, Prime Minister Narendra Modi on Tuesday justified the November 8 move, saying it was made at the right time, but he did not make any comment on the deaths caused by the note ban despite opposition members raising the issue.....
