Cash Crunch

NCR for multi-stakeholder talks to resolve ATM industry crisis; 'cannot afford any disruption', says MD Navroze Dastur

There has been a reduction in the number of new ATMs installed this year, and pointed out that the demand for replacements is keeping suppliers like it busy.

RBI Board meet: Round one goes to govt; after the ugly public spat, Governor Urjit Patel has been shown his place

RBI board meet outcome is a clear victory for govt; RBI has been shown its place

Jet Airways cancels 10 domestic flights on Sunday due to 'operational issues'; flyers stranded

Hundreds of passengers of Jet Airways were left stranded at the city airport after the carrier cancelled 10 domestic flights from here on Sunday,

Household savings in form of cash soared to 7-year high in post demonetisation year, shows RBI data

Financial savings of the household sector in form of cash soared to 7-year high of 2.8 percent of gross national disposable income (GNDI) in 2017-18, the year following demonetisation, showed a RBI data

RBI Governor Urjit Patel appears before parliamentary panel, assures to take steps to strengthen banking system

RBI Governor Urjit Patel on Tuesday faced tough questions from a parliamentary panel on bad loans, bank frauds, cash crunch and other issues even as he assured the members that steps were being taken to strengthen the system

State-owned banks on two-day nationwide strike from 30 May, confirms union; ATMs, salary could be hit, but no reason for panic

Apex bank union AIBEA boss C H Venkatachalam warns of likely cash crunch on Wednesday, Thursday #BankStrike #ATMs #CashCrunch #2DayBankStrike

Currency supply normal across India; all ATMs functioning well, says Economic Affairs Secretary Subhash Garg

Government says ATMs across India are well stocked and there's no cash crunch. But there's no word on a reduction of excise duties on petrol and diesel.

Amid cash crunch, Income Tax Department seizes Rs 14.48 crore from hoarders during raids across India

The Income Tax Department (ITD) has seized Rs 14.48 crore in cash during raids at multiple locations, including in poll-bound Karnataka

People still hoarding cash as withdrawals outpace spending, RBI data shows India's old habits die hard

Having speeded up printing presses to refill ATMs, RBI released data showing that people were still hoarding cash as withdrawals outpaced spending

Yashwant Sinha quits BJP: From demonetisation to GST, all the times former minister spoke out against Modi govt

Over the past few months, Sinha had become a dissident voice within the BJP, criticising the central and BJP-ruled state governments' economic policies and governance.