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Demonetisation- Action against 33 PSU Bank Officers
Press Information BureauGovernment of IndiaMinistry of Finance02-December-2016 18:15 ISTAction taken in cases of bank officials involved in carrying out irregular transactions violative of RBI’s instr...
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Old Rs. 500 notes not to be accepted at Petrol Outlets & Airport Counters
Press Information BureauGovernment of IndiaMinistry of Finance01-December-2016 16:54 ISTWith effect from the midnight of 2nd December, 2016, old Rs. 500 bank notes will not be accepted at petrol, dies...
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Updated FAQs on withdrawal of ₹ 500 & ₹ 1000 Banknotes
(01.12.2016 1. Why is this scheme introduced?The incidence of fake Indian currency notes in higher denomination has increased. For ordinary persons, the fake notes look similar to genuine notes, even...
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Public Sector Banks NPA as on 30.09.2016 jumps to 630323 crore
Press Information BureauGovernment of IndiaMinistry of Finance29-November-2016 16:30 ISTGross Non-Performing Assets (GNPA)The details of Total Advances and Gross Non-Performing Assets (GNPA) including...
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Measures initiated by RBI to prevent fraudulent use of debit cards
5 Measures initiated by RBI to prevent fraudulent use of debit cards Press Information BureauGovernment of IndiaMinistry of Finance29-November-2016 16:26 ISTMeasures initiated by RBI to prevent fraudu...
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Issues in Infrastructure Financing in India
(Shri N. S. Vishwanathan, Deputy Governor – November 15, 2016 – at 6th National Summit organised by ASSOCHAM on ’Infrastructure Finance – Building a New India’, Mumbai)I am happy to be here at ASSOCHA...
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Updated FAQs on withdrawal of ₹ 500 & ₹ 1000 Banknotes
FAQs on withdrawal of ₹ 500 & ₹ 1000 Banknotes (28.11.2016) 1. Why is this scheme introduced?The incidence of fake Indian currency notes in higher denomination has increased. For ordinary persons, the...
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Penal Charges for not maintaining Minimum Balance in Saving Accounts
Press Information BureauGovernment of IndiaMinistry of Finance25-November-2016 17:26 ISTReserve Bank of India (RBI) vide its circular dated August 10, 2012 on Financial Inclusion – Access to Banking S...
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Updated FAQs on withdrawal of ₹ 500 & ₹ 1000 Banknotes (25.11.2016)
1. Why is this scheme introduced?The incidence of fake Indian currency notes in higher denomination has increased. For ordinary persons, the fake notes look similar to genuine notes, even though no se...
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Exchanging Old Currency Under Demonetization
The Reserve Bank of India laid down a detailed procedure for the exchange of the demonetized banknotes with new ₹500 & ₹2000 bank notes of newly issued series and ₹100 bank notes of previously circula...
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Transactions for which payment in old Rs. 500 notes valid till 15.12.2016
After due consideration of all relevant aspects, the Central Government takes various decisions relating to certain operational aspects of the Scheme relating to cancellation of legal tender character...
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FM reviews currency status & how to push cash less transactions
Press Information BureauGovernment of IndiaMinistry of Finance24-November-2016 18:39 ISTThe Union Finance Minister Shri Arun Jaitley holds Video Conferencing with Banks for major push to cash less tra...
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Updated FAQs on withdrawal of ₹ 500 & ₹ 1000 Banknotes
1. Why is this scheme introduced?The incidence of fake Indian currency notes in higher denomination has increased. For ordinary persons, the fake notes look similar to genuine notes, even though no se...
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RBI relaxes norms on remittance of pre-incorporation expenses
Foreign Exchange Management (Transfer or Issue of Security by a Person Resident outside India) (Eleventh Amendment) Regulations, 2016Master Direction[1] on Other Remittance Facilities dated January 01...
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Out of big loans 3.89 Lakh Crore is NPA as on 30.06.2016
Press Information BureauGovernment of IndiaMinistry of Finance22-November-2016 18:08 ISTWaiver of Loans to IndustrialistsThe details of industrialists against whom a debt exceeding Rs.50 crore remains...
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PM invites views on demonetisation of old notes of Rs. 500 & 1000
Press Information BureauGovernment of IndiaPrime Minister’s Office22-November-2016PM invites views from the people, on decision taken regarding currency notes of Rs. 500 and Rs. 1000The Prime Minister...
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Farmers allowed to purchase seeds using old Rs. 500 notes
To further support farmers for the current Rabi crop, the Government has decided to allow farmers to purchase seeds with the old high denomination bank notes of Rs.500 from the Centres,Units or Outlet...
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Demonetisation : Activity of Banks during Nov 10 to Nov 18 2016
#Demonetisation : Activity of Banks during Nov 10 to Nov 18 2016 Withdrawal of Legal Tender Status of Banknotes of ₹ 500 and ₹ 1000: Activity at Banks during November 10 to November 18, 2016Consequent...
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Updated FAQs on withdrawal of ₹ 500 & ₹ 1000 Banknotes
1. Why is this scheme introduced?The incidence of fake Indian currency notes in higher denomination has increased. For ordinary persons, the fake notes look similar to genuine notes, even though no se...
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Major benefit of demonetisation
6 Major benefit of demonetisation that we do not see in media coverage! MAJOR BENEFITS OF DEMONETISATION- THAT YOU DON’T SEE IN MEDIA COVERAGE !1. FAKE CURRENCYOut of circulation in one stroke.2. HAWA...