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RBI allows Rs 50,000 a week withdrawal from overdraft accounts
94 Views, 21-11-2016, Courtsey News Live

: Further relaxing cash withdrawal norms, the Reserve Bank said overdraft and cash credit account holders can now withdraw up to Rs 50,000 in a week.  Earlier, current account holders were allowed to withdraw up to Rs 50,000 in cash, in a week.  "On a review, it has been decided to ...Read more

 Unsung heroes: Bank staff who work overtime to provide you with cash!
85 Views, 19-11-2016, Courtsey News Live

: "It has been a tough week for me and my family. I had to skip a visit to Varanasi to be with my parents." She is not the only one.   More than a week after the demonetisation was announced by Prime Minister Narendra Modi on November 8, bankers are putting in long hours, without ev...Read more

Demonetisation a ’bold move’ to curb shadow economy: Bill Gates
58 Views, 17-11-2016, Courtsey News Live

: Lauding Prime Minister Narendra Modi\’s demonetisation decision, Microsoft founder Bill Gates has said it is a "bold move" and will deflate India\’s shadow economy.  Delivering the Second Transforming India Lecture organized by NITI Aayog here on Wednesday, Gates said t...Read more

Sensex at 6-month low, bleeds 514 points on fund outflows, weak Rupee
76 Views, 15-11-2016, Courtsey News Live

: Markets took another blow today as the Sensex plunged over 514 points to end at nearly 6-month low of 26,305 while the Nifty cracked below 8,200 mark on concerns about outflows amid surging US yields and the dollar gathering more steam. Currency market was hit hard, with the rupee down 57 paise t...Read more

Axis Bank sees reduction in lending rates post-demonetisation
126 Views, 13-11-2016, Courtsey News Live

: Axis Bank expects a dip in lending rates because of the surge in deposits which lenders are experiencing in the aftermath of the government\’s move to scrap Rs 500 and Rs 1,000 notes. "The deposits are into savings or current accounts which are low cost ones. An increase in them should...Read more

Currency printing presses running at full capacity: RBI
314 Views, 12-11-2016, Courtsey News Live

: Currency printing presses are running at "full capacity" to sustain demand for new notes, RBI said today, while asking people to switch to other modes of payment such as debit and credit cards to reduce strain on bank branches.  Adequate stock of all currency notes has been kept re...Read more

SBI gets Rs 53,000 crore deposits
158 Views, 11-11-2016, Courtsey News Live

: SBI Friday said it has received deposits worth Rs 53,000 crore after the government scrapped Rs 500/1,000 notes and has exchanged currency worth about Rs 1,500 crore so far.  "The bank got deposits of Rs 31,000 crore yesterday... Today, till now, the amount of deposit is Rs 22,000 crore...Read more