Blog

Centre’s FY23 dividend income from PSBs 58% higher than in FY22: Report The Centre will receive Rs 13,804 crore as aggregate dividend income for 2022-23 (FY23) from the public sector banks (PSBs), nearly 58 per cent higher than Rs 8,718 crore received in FY22, a report by BusinessLine (BL) said on Thursday. This can be attributed to healthy profits and ...

Debit card-based ATM withdrawals up 235% since demonetisation: Report The monthly ATM cash withdrawals using debit cards have jumped over 235 per cent since the Centre announced the demonetisation exercise in November 2016, a new report revealed on Wednesday. As compared to Rs 84,934 crore withdrawn in December 2016, Rs 2.85 trillion were withdrawn in March 2023. The withdrawals ...

RBI may need to buy $18 bn of bonds to replenish banking liquidity: ICICI By Subhadip Sircar and Saikat Das India’s central bank may buy as much as 1.5 trillion rupees ($18 billion) of government bonds to replenish banking liquidity that’s expected to tighten later in the year, according to a top banker.  The Reserve Bank of India may ...

Day 2 of Rs 2,000 note exchange has banks running out of cash for exchange Following the Reserve Bank of India’s (RBI) announcement on May 19, the Rs 2,000 currency notes are being withdrawn from circulation. As per the announcement, citizens have been asked to either deposit their notes into their bank accounts or exchange, up to Rs 20,000 at ...

India’s forex reserves at comfortable position to meet requirements: Goyal India has a strong foreign exchange reserve and the country is in a comfortable position to meet all the requirements even in any worst-case scenario in the next five-six years, Commerce and industry Minister Piyush Goyal said on Wednesday. India’s forex kitty jumped USD 3.553 billion to USD ...

India Post Payments Bank temporarily stops opening of this savings account: Check details [ad_1] India Post Payments Bank (IPPB) has temporarily stopped the opening of New Digital Savings Bank Account through all channels. Individuals can, however, open other savings accounts from IPPB such as Regular savings account, Premium savings account, Basic savings account. According to the IPPB press release, “This ...

War on inflation not over, we have to remain alert: RBI Guv Shaktikanta Das Although inflation has moderated of late, India’s fight against it is not over yet, and there is no room for complacency, Shaktikanta Das, governor of the Reserve Bank of India (RBI), said at an event on Wednesday. “The war on inflation is not over. We ...

India was close to printing Rs 10,000 notes in 2016: All you need to know India has already had Rs 10,000 notes as its highest denomination in the past

Single moms struggle with finances, experts advise brushing up on planning For Seema Kwatra, a 42-year-old schoolteacher in Delhi, planning her finances as a single mother has been anything but easy. She feels often stumped by unexpected expenses and overspending and, as a result, a lack of savings. Sheela (name changed on request), who has been a single mother ...

Withdrawal of Rs 2,000 to have favourable impact on deposits, says SBI An SBI study on Tuesday said the withdrawal of Rs 2000 currency note is likely to be a non-event but it will have a favourable bearing on liquidity, bank deposits and interest rates. The 131-day window to exchange junked 2000 rupee currency notes opened on Tuesday ...