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Finance

rupee vs dollar us india american us fed interest rate hike raise reserve elections donald trump modi govt all time low 2013 bjp nda arun jaitley

RBI issued currency notes worth Rs 4.27 lakh crore following demonetisation

The central bank also said that defunct notes worth Rs 11.85 lakh crore have been returned to the banking system. Dec 9, 2016
Microfinance

Demonetisation impact on MFIs: Situation 'much better' compared to last week, says Ujjivan

After feeling the initial pinch of demonetisation, microfinance institutions are slowly witnessing improvements in loan collections and disbursements. Dec 5, 2016
Vijay Shekhar Sharma

Paytm to merge its wallet business with proposed payments bank

The digital payment services provider will have to comply with RBI guidelines before starting payments bank operations. Dec 5, 2016
demonetisation gdp q2 data growth rate cut nomura analysts rbi mpc meet december 6 and 7 focus shifts to urjit patel modi  bank queues sbi bob salary pay day

Union minister debunks economists' forecasts; says GDP to touch 10%

Most economists are of the view that the Indian economy will see a slowdown in demand, leading to low growth figures. Dec 5, 2016
Life Insurance Corporation LIC premium insurance bima diamond plan money back

LIC sells its costliest policy of Rs 50 crore to Mumbai businessman

The annuity plan 'Jeevan Akshay' bought by this businessman has seen a lot of interest from buyers owing to demonetisation. Dec 3, 2016
Shopkeeper

Demonetisation: Your old Rs 500 and Rs 1,000 notes could be worth a fortune

To a numismatist, the older and rarer a coin or a note, and the better condition it is in, the more valuable it is. Dec 2, 2016
New iPhone '5' May Support NFC Chip; Is Apple Ready To Release The iWallet?

Fintech startups on radar as digital economy takes shape

Startups working on financial transaction space are likely to get more attention from private equity players in coming days. Dec 1, 2016
mutual funds personal finance investments equity funds elss activity mf investors bse nse sensex rupee nifty nse small investor jm financial

Short-term debt funds better placed post CRR move: Fund managers

After RBI's new CRR norm, fund houses have witnessed huge outflows from debt funds, especially from liquid funds, in the recent past. Dec 1, 2016
aditya puri, hdfc bank

Aditya Puri slams analysts, economists for predicting GDP will fall after note ban

Admitting that there is bound to be a "temporary aberration", Puri said the move was necessary to root out counterfeit notes from the country. Nov 30, 2016
demonetisation demonetization currency rbi rs 500 rs 1000 note currency pm modi arun jaitley trends rs 2000

This is what happens to your old Rs 500, Rs 1,000 demonetised notes

Read on to know where does the demonetised currency go and what happens to it. Nov 30, 2016
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
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