Legal questions on demonetisation find no answer in SC - The Hindu

The legal provision under which the Reserve Bank of India's (RBI) demonetisation notification of November 8 was issued only empowers the Central Government to scrap “series” of bank notes and not the “entire existing currency” of Rs. 500 and Rs. 1000 ...and more »

RBI's no exchange rule for cooperative banks hits farmers - Times of India

NEW DELHI: While some states such as Kerala, where cooperative banks have total business of more than Rs 1 lakh crore, are clearly impacted, in other states such as Maharashtra such banks are seen as controlled by corrupt politicians and not following ...and more »

RBI supplying adequate money: Arun Jaitley - Business Standard

Union Finance Minister Arun Jaitley on Thursday said there is no dearth of cash due to demonetisation, and banks are being supplied adequate currency by the Reserve Bank of India (RBI). He expressed regret at the political opposition over the move but ...and more »

No exchange of notes for other-bank customers tomorrow; senior citizens exempted - Times of India

NEW DELHI: Indian Banks' Association on Friday said that all banks will serve only their respective customers tomorrow and will not exchange the old Rs 500 and Rs 1,000 notes from customers of other banks. "All these days our own customers have ...and more »

Pay income tax dues in advance to avoid last minute rush: RBI - Economic Times

MUMBAI: Reserve Bank has asked income tax assessees to pay their dues in advance for December quarter and has designated a total of 29 banks at which the payments can be done. RBI said remitting I-T dues towards the end of December every year ...and more »

Currency in circulation shrinks: RBI - Business Standard

Following the central government's decision to demonetise all existing Rs 500 and Rs 1,000 notes, the currency in circulation shrank by 50 basis points in the week ended November 11, 2016. According to the Reserve Bank of India (RBI)'s data on reserve ...and more »

Demonetization: Banks will only cater to their own customers today - Daily News & Analysis

Banks say their own customers have suffered because they had opened their doors to the public at large, amid demonetization. Indian Banks' Association said, on Friday, that all banks will serve only their respective customers on Saturday and will not ...and more »

Demonetisation: Distress messages go out from cooperative banks in rural India - The Indian Express

RBI data says 370 DCCBs held deposits of Rs 236,890 crore as of 2014 while PACS had Rs 81,900 crore deposits. 0. Shares. Facebook · Twitter · Google Plus · Whatsapp. Written by George Mathew | Mumbai | Updated: November 21, 2016 2:29 pm. cash ...and more »

PM Modi Not Properly Briefed on Demonetisation, Says Ex-RBI Dy Guv - News18

Dr. K.C. Chakrabarty was a Deputy Governor of the Reserve Bank of India from 2009 to 2014. He has a doctorate in statistics and worked for a quarter of a century in Bank of Baroda before becoming Chairman of the Indian Bank and Punjab National Bank.and more »

What are banks doing with cash deposit flood? - Livemint

While data on what exactly banks are doing with the money they have accumulated is not out yet, daily data put out by the Reserve Bank of India (RBI) suggests an interesting insight. Photo: PTI. Since the Union government withdrew Rs500 and Rs1,000 ...and more »