Cash Shortage

Showing of 1 - 20 from 18 results
Cash Shortage - Total results - 18
Economy suffered due to demonetisation, says Nobel laureate Amartya Sen, terms it 'biggest magic'
Business

Economy suffered due to demonetisation, says Nobel laureate Amartya Sen, terms it 'biggest magic'

Amartya Sen said the Indian economy suffered due to the government's decision to ban high-value currency notes in November 2016

ATMs run dry: Currency supplies improved but cash crunch persists, say bank officials
Business

ATMs run dry: Currency supplies improved but cash crunch persists, say bank officials

Currency supply to ATMs and branches has improved but cash crunch still persists in the system which would be normalised soon, bank officials said on Friday

Cash crunch: SBI doubting 'genuity' of problem is illogical; the currency shortage is not a made-up story
Business

Cash crunch: SBI doubting 'genuity' of problem is illogical; the currency shortage is not a made-up story

SBI's stand on the cash crunch disregards ground realities. The bank's economists are probably playing to the government's tune.

Cash crunch: How the Narendra Modi government and RBI imposed a currency crisis on Indians post demonetisation
Business

Cash crunch: How the Narendra Modi government and RBI imposed a currency crisis on Indians post demonetisation

Post demonetisation, the growth in currency in circulation has not kept up with the growth in India's nominal GDP.

Cash crunch: Income tax officials raid currency hoarders in Karnataka, Andhra Pradesh; target large contractors
Business

Cash crunch: Income tax officials raid currency hoarders in Karnataka, Andhra Pradesh; target large contractors

Amid the ongoing cash crunch in the country, tax authorities conducted 30-35 raids in Karnataka and parts of Andhra Pradesh in order to corner cash hoarders

Cash crunch: ATMs in Andhra and Telangana are nearly dry; authorities had flagged problem with New Delhi
Business

Cash crunch: ATMs in Andhra and Telangana are nearly dry; authorities had flagged problem with New Delhi

As on date, one in every two of the nearly 3000 ATMs in Hyderabad do not have cash.

Cash crunch: Mobile wallet companies see spike in digital transactions
Business

Cash crunch: Mobile wallet companies see spike in digital transactions

Mobile wallet companies including Paytm, Mobikwik and Flipkart-owned PhonePe on Wednesday said they have seen a significant jump in digital transactions amid a recent currency shortage at ATMs and banks in some parts of the country

Cash position across country improving; over 80 percent of 2.2 lakh ATMs operating normally, say sources
Business

Cash position across country improving; over 80 percent of 2.2 lakh ATMs operating normally, say sources

Cash position across the country is improving fast with over 80 percent of 2.2 lakh ATMs operating normally on Wednesday, official sources said.

Cash crunch: Despite govt-RBI claims, SBI Research pegs currency shortage at Rs 70,000 cr
Business

Cash crunch: Despite govt-RBI claims, SBI Research pegs currency shortage at Rs 70,000 cr

Even as government and Reserve Bank of India (RBI) have asserted that there is no currency shortage, SBI Research on Wednesday pegged the cash shortfall in the system at a whopping Rs 70,000 crore, which is a third of the monthly withdrawals at ATMs

Cash crunch: Hype surrounding digital payments blurred our view; hard currency continues to drive India
Business

Cash crunch: Hype surrounding digital payments blurred our view; hard currency continues to drive India

Going beyond demand and supply factors, the reason for the cash crunch could be a simple case of the RBI not printing enough notes to keep pace with demand.

Cash crunch: RBI says there's no currency shortage; vaults and currency chests are well-stocked
Business

Cash crunch: RBI says there's no currency shortage; vaults and currency chests are well-stocked

RBI said it is taking steps to move currency to areas which are witnessing unusually large cash withdrawals

Cash crunch: Govt to up printing of Rs 500 notes by five times; move will inject currency worth Rs 2,500 crore a day
Business

Cash crunch: Govt to up printing of Rs 500 notes by five times; move will inject currency worth Rs 2,500 crore a day

To meet the "unusual" currency demand in the country, the government has decided to increase printing of Rs 500 notes by five times

Govt says 'unusual demand' reason behind cash crunch, assures adequate supply of currency
Business

Govt says 'unusual demand' reason behind cash crunch, assures adequate supply of currency

As opposed to an average cash demand of about Rs 20,000 crore a month, "in the first 13 days of April itself there was a demand of Rs 45,000 crore

Cash crunch: Twitterati slams PM, FM for dry ATMs, call it a 'planned' move; few even blame Congress
Business

Cash crunch: Twitterati slams PM, FM for dry ATMs, call it a 'planned' move; few even blame Congress

Cash crunch has affected ATMs in cities and towns across Andhra Pradesh, Telangana, Karnataka, Madhya Pradesh, Maharashtra, Rajasthan and Uttar Pradesh

Demonetisation: After suffering death, injury and loss of income, people ask; was the pain worth it?
Business

Demonetisation: After suffering death, injury and loss of income, people ask; was the pain worth it?

Companies, bankers, employees and customers, some SMEs have together raised their voices against the sudden withdrawal from banking system of Specified Bank Notes on 8 November last year.

India may see extended pain on growth due to lingering cash crunch situation, says Nomura
Business

India may see extended pain on growth due to lingering cash crunch situation, says Nomura

Nomura said it expects the growth damage to be larger than the RBI's estimates

Demonetisation: For banks lending has virtually stopped, credit growth may hit 54-year low
Business

Demonetisation: For banks lending has virtually stopped, credit growth may hit 54-year low

For a sector that has long struggled with low profitability and sour loans currently totalling $136 billion, even a temporary hit is painful