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Finance

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

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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

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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

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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?

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The Reserve Bank of India (RBI) on Friday announced that it has withdrawn Rs 2,000 notes from circulation, and asked bank customers to...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

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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

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

JCB partners with NPCI to offer 40% cashback for RuPay JCB cardholders

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Top card cos to go live with UPI-linked RuPay credit card feature by JuneCabinet clears Rs 2,600 cr to promote RuPay debit card,...
Finance

RBI repo rate cuts: Expect RBI to start rate cuts by end of FY24: HDFC Bank chief economist

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The end of the repo rate hike cycle has been reached and the Reserve Bank of India (RBI) may start slashing the key...
Finance

RBI may cancel licence of asset reconstruction companies after I-T report

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The Reserve Bank of India may cancel the licences of a few asset reconstruction companies (ARC) who had been issued show cause notices. RBI...
Finance

Here’s what RBI’s decision to scrap the Rs 2,000 note mean for the economy

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India will withdraw its highest denomination currency note from circulation, the central bank said on Friday. The 2000-rupee note, introduced into circulation in...
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