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99.30% of demonetised money back in the system, says RBI reportAlmost all of the currency banned during demonetisation is back with the Reserve Bank of India.- RBI proposal: Varnished banknotes in your wallet soonRBI proposes to launch varnished banknotes on a field trial basis, as per its annual report for FY17-18 released today.
- Government rules out new window to deposit scrapped notesChief Economic Adviser Arvind Subramanian had earlier told reporters that the shortfall in RBI dividend was in line with government's budge...
- Significant portion of deposited notes during note ban could be black money: GovernmentThe tax authorities have found undisclosed income of Rs 17,526 crore and Rs 1,003 crore has been seized so far, the finance ministry said i...
- RBI still reconciling demonetised notes to avoid reporting errors: Arun Jaitley to Rajya SabhaSteps have been taken to augment RBI's machine processing capacity and efforts are afoot to complete the counting of notes “as soon as poss...
- Demonetisation: SC notice to Centre on plea of cooperative bankSenior advocate P Chidambaram, appearing for the cooperative bank, said that it could not deposit the entire stock of currency notes.
- No fresh window for note exchange: GovernmentThe government argued that none of those seeking such a window has given any valid ground as to why they could not deposit the specified ba...
- DCCBs can deposit banned notes collected only between Nov 10-14: RBISpecified banned notes (SBNs) of Rs 500 and Rs 1,000 held as on November 8, 2016, at the close of banking hours will not be eligible, the R...
- Government asks companies to disclose details about junked notesBesides, auditors are required to mention in their reports whether the companies have made adequate disclosures about dealings in junked no...
- Rs 6.78 lakh crore remonetised, Rs 9.1 lakh crore in circulation: GovernmentMeghwal also informed that a total of 94,899.23 million pieces of all denomination bank notes were in circulation as on November 8, 2016.
- Bank staff colluded to exchange old notes worth Rs 71.5 crore: GovernmentThe highest over Rs 46.29 crore was transacted through 3 branches of Axis Bank, in which 3 employees have been suspended, he informed the h...
- DeMo irregularities: 156 senior PSB officials suspendedRBI had advised the banks to take action to prevent/ detect/contain the malpractices or wrongdoing by staff in branches exchange/deposit of...
- NRIs, Indians returning home to show old notes to CustomsThe declaration will have to be submitted at specified branches of the Reserve Bank while depositing the junked currency, a finance ministr...
- RBI seeks details of Rs 500/1,000 deposits from banks todayAll lenders, including public, private, rural and cooperative banks, have been asked to make arrangements to gather information on deposits...
- RBI Governor Urjit Patel in favour of retaining repo rate, says demonetisation impact to be transitoryReleasing today the Minutes of the Monetary Policy Committee Meeting (MPC) held on December 6-7, Reserve Bank of India said all the six mem...
- Demonetisation: RBI seeks details of fake currency from banks"In continuation by the same, the banks are advised to send branch-wise report on detection of counterfeit notes," the RBI said in a notifi...
- Demonetisation to impact activities in cash-intensive sectors: RBIMPC, RBI said, felt that the assessment is clouded by the still unfolding effects of the withdrawal of specified bank notes (SBNs).
- Point-by-point detail: Why Reserve Bank didn’t cut rate on WednesdayThe Committee took note of the upturn in the prices of several items that is masked by the easing of inflation on base effects during Octob...
- Reserve Bank of India eases cash balance requirement for banksSBNs deposited in the currency chests since November 10 will be considered as part of the chest balance in the soiled note category, RBI sa...
- 'Guarantee scheme' back to deal with piles of Rs 500/1000 notesThe notes will remain in the vaults of RBI, under the lock and key of the depositing banks till taken up for examination.
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