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2 RBI officials arrested for allegedly exchanging old notes worth 1.99...

Two officials working in the cash department of Reserve Bank of India in Bengaluru were arrested today in connection with alleged conversion of Rs....

Govt has stepped up printing of Rs 500 notes: Finance Ministry

Finance Ministry on Thursday exuded confidence that supply of new currency notes will considerably improve in next 2-3 weeks even as it asked the...

Delhi HC to hear pleas against demonetisation on 22 December

Delhi High Court on Wednesday adjourned till 22 December the hearing on pleas challenging the demonetisation move after it was informed that the Supreme...

ED seizes Rs 93 lakh in new currency; senior RBI official...

The Central Bureau of Investigation (CBI) arrested a senior Reserve Bank of India (RBI) official in Bengaluru on Tuesday after the Enforcement Directorate (ED)...

After Rs 500 and Rs 2000, RBI to issue new 20-rupee,...

The Reserve Bank of India (RBI) on Sunday announced that it would issue new notes of Rs 20 and Rs 50. According to reports, new...

Bank unions seek Arun Jaitley’s intervention to end cash crunch

Two large bank unions have demanded immediate intervention of Finance Minister Arun Jaitley in ending the acute cash shortage in the system following the...

Banks with currency chest need to boost supply for crop: RBI

The Reserve Bank on Friday nudged banks managing currency chests to engage district co-ordinators of state level bankers’ committee to ensure fair and even...

RBI limits withdrawal from Jan Dhan accounts to Rs 10K in...

To check the misuse of Jan Dhan accounts by black money hoarders, Reserve Bank has restricted the withdrawal from such accounts to Rs 10,000...

Govt not mulling 30 Dec cut-off extension for cash deposits

Government on Tuesday said sufficient cash is available with RBI and banks, and it is not considering extending the deadline of 30 December for...

RBI relaxes withdrawal norms, nudges retailers to deposit cash

Nudging retailers such as malls and shop owners to deposit their daily collections with banks, RBI has said they would be allowed to withdraw...

Trillions of dollars from Gulf to enter India through Islamic banking:...

The RBI's proposal to open up "Islamic window" in conventional banks will lead to trillions of dollars from Gulf nations getting invested in India,...

Rs 8.45 lakh crore worth old notes deposited, Rs 2.16 lakh...

People have exchanged and deposited about Rs 8.45 lakh crore worth of scrapped Rs 500/1,000 notes at different banks till November 27 following demonetisation...

6 Co-operative Bank employees booked for Rs. 7 crore fraud in...

Seven persons, six of them employees of a co-operative bank in Thane, have been booked for allegedly defrauding customers and the bank to the...

Exchange of old Rs 500/1,000 notes to continue at RBI counters

Banned 500 and 1,000 rupee notes will continue to be exchanged for new currency at RBI counters even after the facility was withdrawn from...

Cash withdrawal for marriages remains a non-starter

Stiff guidelines set by the RBI for withdrawal of Rs 2.5 lakh for a marriage have made it difficult for banks to disburse the...

Delhi High Court to hear plea against demonetisation on 8 December

The Delhi High Court on Tuesday fixed 8 December for hearing the plea against demonetisation which questioned the government allowing certain public utilities including...

Another 60 days for repayment of housing, car and other loans...

In view of a cash crunch being faced by borrowers, the Reserve Bank of India (RBI) on Monday provided additional 60 days for repayment...

RBI dispels rumours of fake 10 rupee coins in circulation

Dispelling rumours of fake Rs. 10 coin in circulation, the Reserve Bank of India asked people not to give credence to such canards and...

Cannot disclose details on release of new Rs 500 notes: RBI

The Reserve Bank of India today informed the Madras High Court that it cannot disclose details regarding the release of new Rs 500 denomination...

Kejriwal, Mamata knock at RBI’s door, seek info on currency

Taking their fight against demonetisation to the street, Delhi and West Bengal chief ministers Arvind Kejriwal and Mamata Banerjee on Thursday held a demonstration...
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