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Finance

rbi rule deposit of rs 5000 more than demonetisation modi govt currency ban

RBI puts cap on withdrawals from Jan Dhan accounts

In a bid to protect rural people from being used for any money laundering activity, the central bank has put a withdrawal limit of Rs 10,000 per month. Nov 30, 2016
British fiver

Vegans angry as Bank of England confirms animal fat in £5 note; could it hurt religious sentiments too?

The new £5 note was released in September this year and has received a generally positive response because of its features. Nov 29, 2016
Iraqi Army

BATTLE FOR MOSUL: Could ISIS 'information bank' reveal which countries funded it?

Iraqi authorities have managed to seize the archives of the terrorist group, which contains a lot of paper and computerised documents. Nov 27, 2016
ban on currency rs 500 1,000 1000 note modi rbi demonetization black money scrapped new notes 2000 new 500 coins legal tender rbi sit narendra

Demonetisation: Unaccounted bank deposits may be taxed 60%

The government plans to introduce changes to the Income Tax Act during the winter session of parliament. Nov 25, 2016
ban on currency rs 500 1,000 1000 note modi rbi demonetization black money scrapped new notes 2000 new 500 coins legal tender rbi sit narendra sbi state bank of indi atm

Demonetisation: State Bank of India slashes bulk deposit rate by up to 190 basis points

The new rates will be effective from November 24, according to the State Bank of India website. Nov 24, 2016
Infosys

Infosys invests in Stellaris Venture Partners

The IT services firm will pump in Rs 31.6 crore in this early-stage venture fund, making it company's second such investment. Nov 23, 2016
Bharti Airtel office

Airtel Payments Bank offers hefty interest rate on savings bank deposits

It became the first payment bank to launch operations Wednesday post issuance of licences by RBI in August, 2015. Nov 23, 2016
Samsung company

Samsung offices raided as South Korean scandal grows

Prosecutors raided premises of Samsung Electronics and country's largest pension fund- NPS as part of their ongoing investigations into alleged influence-peddling by President's close aide. Nov 23, 2016
Petrol pump

Cut petrol prices sharply to boost growth: Analyst

Market participants are hopeful of some stimulus from the government amid demonetisation-induced slowdown risks to the economy. Nov 22, 2016
SBI

Financial strength of Indian banks remains 'fragile': Fitch

The rating agency also said that impact of government's demonetization move on Indian banking sector remained uncertain. Nov 22, 2016
Reserve Bank of India

Home, farm loan borrowers get 60 days extra to repay as RBI eases norms

The relaxation is applicable on dues worth up to Rs 1 crore payable between November 1 and December 31 2016, says RBI. Nov 22, 2016
mutual funds

Debt funds turn attractive as returns soar after demonetisation

With falling bond yields after the demonetisation, debt funds in mutual fund space have witnessed a surge in returns recently. Nov 21, 2016
sonalika tractors

Loan defaults in tractor, construction equipment space remain high: India Ratings

However, recovery in commercial vehicle space has improved in recent months on rising economic activity, the agency noted in a report. Nov 21, 2016
Reserve Bank of India rbi

RBI proposes Sharia-compliant 'Islamic window' in banks

The RBI said given the challenges involved in Islamic banking, it may be introduced in India in a gradual manner. Nov 20, 2016
Currency ban

Demonetisation: New cash withdrawals, bank deposits rules

Here are the top six new rules, which will be applicable following the move on demonetisation. Nov 20, 2016
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