Interestingly, the withdrawal of the Rs 2,000 note should not impact the payment ecosystem in India, which already has been revolutionised ...

A swifter expansion of digital payments, coupled with a broadening GST base and using data analytics for GST's audit trails, will provide u...

At Rs 30.88 lakh crore, the currency with the public is 71.84 per cent higher than the level for the fortnight ended November 4, 2016. On N...

Following demonetisation, Rs 2,000 note and a new series of Rs 500 note were introduced. Later, banknote of denomination of Rs 200 too was ...

The formalization efforts are bearing major fruit in terms of currency /GDP ratio. The research report by the country's largest lender esti...

It is quite an achievement when we look back thirty years – in 1991, the Indian government had come awfully close to defaulting on its own ...

Currency in circulation (CIC) went up by a record Rs 5 lakh crore in 2020 as Indians joined the global dash for cash in the wake of the Cov...

For three consecutive fortnights, RBI data shows that currency with the public, cash withdrawn by the general public from banks and ATMs ha...

Overall, the digital payments in the country have witnessed a growth (CAGR) of 61 per cent and 19 per cent in terms of volume and value, re...

China will be holding the second Belt and Road Forum (BRF) in April, which Chinese Foreign Minister Wang Yi stated would be bigger than the...

The acceleration of CIC since late-2017 has resulted in leakage of liquidity from the banking system.

Cash in circulation has almost doubled during the Diwali week ending November 09 to Rs 49,420 crore from Rs 28170 crore in the Diwali week ...

Here's Ritesh Jain's sampling of some of the best content he read through the week.

CIC growth slowed sharply over the last month from over Rs 30,000 crore a week.

The “commitment of the RBI is to encourage greater use of electronic payments by all sections of society so as to achieve a ‘less cash’ soc...

Nilesh Shah, Managing Director of Kotak Mutual Fund, said Indian households had more money in cash than in equity market (excluding promote...

A continued increase in service tax over the past few years could have led to tax avoidance by small business owners, leading to more cash ...