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BAN BANKNOTES
RBI’s currency printing cost falls 23.5% in FY26 despite rise in cash circulationReserve Bank of India's spending on printing money dropped significantly. This happened even as the total value of currency in circulation ...- Has RBI directed banks to stop disbursing Rs 500 notes from ATMs by September 30, 2025? Here is what government saidThe Ministry of Finance clarified that there are no plans to ban Rs 500 notes from ATMs. The RBI aims to improve access to smaller denomina...
- View: Compelling reasons why India should let the crypto cat out of the bagIf cryptos lack ‘money-ness’, BharatCoin, the presumptive name for an RBI-issued digital currency, would be a natural evolution of digitisa...
- Digital economy? RBI says currency in circulation soars 17 per cent to Rs 21.1 lakh crore in FY19The annual report notes a 59 percent increase in retail electronic payment transactions to 23.3 billion.
- Banknotes printing cost rose to nearly Rs 8,000 crore in demonetisation year: GovtThe expenditure on printing of notes during 2015-16 was Rs 3,421 crore.
- No plan to junk Rs 2000 banknotes: Junior FMSpeculation about a possible discontinuation of the highest value bills became rife after there was a massive currency shortages in many st...
- RBI study claims major drop in cash payments after note-banAs per the study, cheque volumes and values contracted during the pre-demonetisation period but recorded positive growth during demonetisat...
- Demonetisation ground report: Polyester hub in Surat yet to bounce back a year after note banAlmost 400,000 women who would earn Rs 300-800 per day by working from homes —sewing, stitching or pasting diamonds and other embellishment...
- 70% people want scrapped Rs 1000 note back, claims surveyOnly 8% said they were unaffected by the move, probably they have accepted digital payments or have apprehensions about the availability of...
- Notes in circulation at 86 per cent of pre-note ban level: GovernmentPrime Minister Narendra Modi on November 8 had announced ban on Rs 1,000 and Rs 500 notes in a major assault on black money, fake currency ...
- 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...
- TCS CEO Chandrasekaran did not attend RBI pre-note ban meetChandrasekaran is one of the three outside directors of eminence nominated on the Central Board. The other two Bharat Narotam Doshi and Sud...
- Note ban to hit Nepal's economy as well: ReportThe demonetisation move by India has led to considerable uncertainty in Nepal as only those in India are eligible to exchange their old ban...
- PM calls Cabinet meet, may take up penalty on high depositsThe meeting, summoned at a very short notice, comes amid reports of high tax penalty terrifying people from putting their cash savings into...
- Clarify if JD(U) supports demonetisation or not, BJP asks Bihar CM Nitish KumarImmediately after the Centre's announcement of the demonetisation decision, Kumar had supported the step to fight black money and even soug...
- RBI forms task force to ease currency exchange in NepalRBI Governor Urjit Patel has informed his Nepali counterpart about the formation of the taskforce," Dhungana was quoted as saying.
- Cash management agencies hope to normalise ATMs operations in 2 weeksWe will put in three times normal efforts to ensure the inconveniences end at the earliest, Rajiv Kaul, Managing Director and Vice-chairman...
- How Chetan Bhagat reacted to demonetisation of currency notesTwitter was abuzz with jokes after Prime Minister Narendra Modi announced the withdrawl of all Rs 500 and Rs 1,000 banknotes.
- Rs 500, Rs 1,000 notes scrapped: People throng ATMs post demonetisation announcementWith most ATMs programmed to dish out higher denomination notes of Rs 500 and above, people were resorting to withdrawal of smaller amounts...
- No more tears: RBI scraps staple diet for notesTHERE’S good news for bank customers, fed up with torn currency notes and bruised fingers as they struggled to unstaple bill bundles. The R...
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