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Finance

What is RBI’s ‘Clean Note Policy’, why are notes being withdrawn under it

newzowl - May 22, 2023

The Reserve Bank of India (RBI) has decided to withdraw the Rs 2,000 note after only seven years of circulation under the ‘Clean...

Finance

RBI asks banks to keep daily data on exchange, deposit of Rs 2,000 notes

newzowl - May 22, 2023

SC upholds demonetisation, says test of proportionality satisfiedProvide adequate infra at branches for Rs 2,000 note exchange: RBI to banksRBI withdraws Rs 2,000...

Finance

Provide adequate infra at branches for Rs 2,000 note exchange

newzowl - May 22, 2023

The facility to exchange Rs 2,000 banknotes across the counter should continue as it was earlier and banks must provide appropriate infrastructure at...

Finance

SBI slow in procurement from GeM portal; lags behind smaller counterparts

newzowl - May 21, 2023

India's largest lender SBI was quite slow in procuring goods and services from government-owned GeM portal in 2022-23 and lagged behind smaller counterparts,...

Finance

What to do if a bank refuses to exchange or accept your Rs 2,000 note?

newzowl - May 21, 2023

The Reserve Bank of India (RBI) on Friday announced that it has withdrawn Rs 2,000 notes from circulation, and asked bank customers to...

Finance

State Bank of India sets Rs 2,000 currency note exchange cap at Rs 20,000

newzowl - May 21, 2023

What's capping rally in SBI shares despite record net profit in Q4FY23?NIM expansion, loan growth: Top 5 things to track in SBI's Q4FY23...

Finance

Public sector banks’ total profit crosses Rs 1 trn-mark in 2022-23

newzowl - May 21, 2023

Public sector banks' cumulative profit crossed the Rs 1 lakh crore-mark in the financial year ended March 2023, with market leader State Bank...