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CURRENCY CHEST
ATMs in small hubs may run out of cash: Confederation of ATM IndustryATM operators are demanding ₹100 crore compensation from banks. State Bank of India is accused of sending most cash to big cities. This lea...
Psychology says hyper-independence isn't a personality type or a strength; it's a childhood survival response that starts the moment a child realizes their feelings are inconvenientMany adults appear strong and self-sufficient, but this is often a survival tactic learned in childhood. Early experiences taught them that...
Wealth creation is also about ignoring noise on the street: 15 mid- and small-cap stocks from different sectors which fit the billIn the April 2022-September 2024 bull market, every management appeared capable. Margins expanded, working capital looked manageable, capit...
US stock market today: Why Dow Jones is down while S&P 500 and Nasdaq rise today — Dow crashes over 160 points as oil surges above $100 and Iran tensions rattle blue-chip stocksUS stock market today shows a sharp split. The Dow Jones Industrial Average falls over 160 points. Oil prices surge above $100. Iran tensio...
Jammu & Kashmir Bank's business crosses Rs 2.90 lakh crore, says MDJammu and Kashmir Bank's business has surpassed Rs 2.90 lakh crore. Lieutenant Governor Manoj Sinha inaugurated the bank's new regional bus...
Soiled notes taking more space than usable ones, banks tell RBIRBI regional offices can hand out approvals for increasing the cash holding limits, the person said. The central bank has embarked on a 'cl...
Bankers working in sensitive positions to get surprise leaves of at least 10 daysIn a communication to lenders, including rural development banks and cooperative banks, the RBI asked them to put in place a 'mandatory lea...
UP: Fake currency found in RBI chest, FIR lodged44 fake notes have been found in the currency chest of Reserve Bank of India, Mahanagar. Police has been intimated by the Assistant Manager...
Reserve Bank of India issues norms for banks to set up currency chestsThe new chests should have a processing capacity of 6.6 lakh pieces of banknotes per day.
RBI allows banks for fire audit of currency chests by approved agenciesRBI said it has been receiving references from various banks about non-availability of staff in State / District Fire Departments for getti...
ATMs not to be replenished with cash after 9 pm: GovernmentThe deadline for putting money in the ATMs in cities would be 9 PM, 6 pm in rural areas, and 4 pm in Naxal-affected districts.
Finance Ministry sends joint secretary to coordinate RBI cash operationsCurrency chests are branches of select banks authorised by Reserve Bank to hold notes and coins. The central bank manages currency chests.
RBI advises banks to increase cash supply to villagesThe Reserve Bank has also asked banks currency chests to issue lower denomination notes in villages and rural centers.
Watch out black money hoarders! RBI is now tracking every new note in circulationBanks have been told to preserve CCTV recordings of operations at bank branches and currency chests for the period from November 08 to Dece...
Banks with currency chest need to boost supply for crop: RBIRBI also said there is a perception that banks with currency chests are giving priority to their own branches to supply cash and asked them...
RBI allows banks to park old currency at district chestsThe facility will also be available at post offices if they are maintaining current account with the chest branch managing CGV.
RBI simplifies norms for banks to open currency chestsFor locations at or close to the international borders or insurgency affected areas, it said, banks may approach Regional Offices (ROs) of ...
HDFC Bank organises 10 coin exchange fairs in PatnaHDFC Bank today organised 10 coin exchange melas across Patna in line with RBI's Clean Note Policy. The coin melas were planned by HDFC Ban...
- IDBI Bank gets ISO 9001:2008 certification for currency chest
IDBI Bank, today said that it has been awarded the ISO 9001:2008 certification for all its currency chests across the country.
- RBI solves mystery of missing notes
You can call it the vanishing currency syndrome. Guess what the Reserve Bank of India (RBI) unravelled in a mere three-day scrutiny?