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SBI halves daily ATM withdrawal to Rs 20,000: The bank has done the right thing; the move will discourage use of cash
Muralidharan •Banks in India must dismantle ATMs and simultaneously install more and more swiping machines for their trade customers. It will be a win-win for both.
Empty ATMs: No clear reason given for cash crunch but Centre says RBI will ensure adequate supply of currency notes
•While it is difficult to trace any specific reason for such massive cash withdrawals this year, analysts say that concerns over the health of banking system has also triggered savers to withdraw cash.
Cash with public on decline as remonetisation slows; will a forced digitisation work?
Fp Staff •
Remonetisation nearly complete, cash withdrawal limit will go, says Shaktikanta Das
•"In less than 90 days, the whole process of remonetisation is almost complete. This speaks volumes about the way the remonetisation has been completed," he said.
In cashless push, Budget may cut free ATM withdrawal to just 3 a month
Fp Staff •Bankers made this proposal in their pre-budget proposal with the finance ministry
Demonetisation: RBI to remove restrictions on cash withdrawals after assessment, says Jaitley
•The 50-day demonetisation exercise of depositing and exchanging of defunct Rs 500 and Rs 1000 notes closed on 30 December.
Demonetisation countdown to day 50: Banks want cash curbs to stay beyond 30 Dec
Fp Staff •If the restrictions are withdrawn, there will be a rush to withdraw cash. This will create problems as currency shortage continues to be acute
Demonetisation one month: Gains of PM Modi's currency crackdown will be known only in the long term
Seetha •Will the pain of the demonetisation exercise be worth the benefits it will bring? That will depend on a lot of things.
Demonetisation: Cash withdrawal norms eased for farmers, agri-traders, weddings
Ians •The government on Thursday announced a set of seven decisions pertaining to demonetisation, mainly aimed at smooth sowing season ahead
Nokia-Union Bank of India aid Mobile Financial System
Anuradha •Nokia has joined hands with Union Bank of India to make financial services available