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cash crunch

Beware! Your bank ATM will shut down soon! Know when, why and how

Beware! Your bank ATM will shut down soon! Know when, why and how

Wed, Nov 21, 2018

Currently, the country has approximately 2,38,000 installed ATMs, as per the latest publicly available figures.

Exclusive! On ATM cash crisis, 2600 entities under scanner; govt targets those responsible

Exclusive! On ATM cash crisis, 2600 entities under scanner; govt targets those responsible

Fri, Apr 20, 2018

ATM cash crunch: The FIU has upgraded its FINEX server in recent past, which will help it by sending alerts related to real-time transactions as well as suspicious transactions. In addition, the Income Tax department, which is in action has been raiding and surveying at several states that are suffering from the cash crisis.

Beat cash crunch at ATMs Rs 2,000 at a time: Here is how

Beat cash crunch at ATMs Rs 2,000 at a time: Here is how

Fri, Apr 20, 2018

To ease the cash crunch at ATMs that has caused pain to the public in some parts of the nation, SBI has launched a new initiative that allows people in smaller towns to withdraw cash through this rarely used method. Check it out:

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Till when will ATM cash crunch last? SBI Chairman Rajnish Kumar gives deadline

Till when will ATM cash crunch last? SBI Chairman Rajnish Kumar gives deadline

Thu, Apr 19, 2018

Cash crunch at ATMs: When asked about his opinion on National Company Law Tribunal (NCLT) working, Kumar said, "We should support it. NCLT is a good process and every new process or law takes time to stabilise. Every capitalist economy should have an Insolvency and Bankruptcy code." He added that in our country the law has been enacted a bit late and is taking its time to stabilise.

ATM cash crisis: Suddenly Cashless

ATM cash crisis: Suddenly Cashless

Thu, Apr 19, 2018

There are reports of ATMs running of cash in some states including Delhi, Andhra Pradesh, Telangana, Karnataka, Bihar, Jharkhand, Madhya Pradesh, Maharashtra and Uttar Pradesh.

ATM cash crunch: This is whom govt is blaming for currency crisis

ATM cash crunch: This is whom govt is blaming for currency crisis

Wed, Apr 18, 2018

To meet the unprecedented demand, the government is planning to step up supply of cash in the banking system. RBI, which used to print Rs 500 crore to Rs 2,500 crore worth of 500-rupee notes every day, will now be printing Rs 7,000 to Rs 7,500 crore to meet the rising demand. The fivefold jump in printing Rs 500 notes comes after economic affairs secretary Subhash Chandra Garg said that the government suspects that Rs 2,000 notes are being hoarded as they are not coming back into the circulation fast enough.

ATM currency crisis: What is to blame? Huge withdrawals in Telangana, Andhra, Karnataka

ATM currency crisis: What is to blame? Huge withdrawals in Telangana, Andhra, Karnataka

Wed, Apr 18, 2018

The total requirement of paper currency is 25,000 tonnes but that has not been met, sources said. The Centre has not attributed any particular reason for the cash dearth as ATMs dried up in many parts of the country and said it’s a temporary problem. “Overall there is more than adequate currency in circulation and also available with the Banks. The temporary shortage caused by ‘sudden and unusual increase’ (in demand) in some areas is being tackled quickly,” Finance Minister Arun Jaitley said in a tweet.

Cash crunch at ATMs hits public, government vows to print more notes

Cash crunch at ATMs hits public, government vows to print more notes

Tue, Apr 17, 2018

In a bid to tackle the "unusual" currency demand, the government has also decided to increase printing of Rs 500 notes by five times. Taking stock of the situation the Reserve Bank of India (RBI) said there is sufficient cash in the RBI vaults and currency chests.

Demonetisation type cash crunch hits ATMs; Arun Jaitley reacts, says shortage temporary

Demonetisation type cash crunch hits ATMs; Arun Jaitley reacts, says shortage temporary

Tue, Apr 17, 2018

Demonetisation type cash crunch hits ATMs: West Bengal Chief Minister Mamata Banerjee said it reminds her of the demonetisation days. She wondered if a "financial emergency" is going on in the country.

Demonetisation cut cash in economy by 20%: Economic Survey-II

Demonetisation cut cash in economy by 20%: Economic Survey-II

Sat, Aug 12, 2017

Describing the impact of demonetisation on the Indian economy, Chief Economic Adviser (CEA) Arvind Subramanian said on Friday that there has been a 20 per cent reduction in cash in the economy.

While currency in circulation improved, ATMs still run dry

While currency in circulation improved, ATMs still run dry

Tue, Apr 11, 2017

The survey stated, RBI's move in lifting up withdrawal limit on March 13, 2017, could have attributed to the happenings.

Individuals have to disclose cash payments over Rs 2 lakh made for loans, card payments in new ITR form

Individuals have to disclose cash payments over Rs 2 lakh made for loans, card payments in new ITR form

Mon, Apr 10, 2017

Individuals will have to disclose all cash payments of over Rs 2 lakh made for paying loans and credit card bills during the 50-day period post demonetisation in the new Income Tax Return (ITR) form.

Nearly 90% banks delayed payments to ATMs; cash logistics firms await unpaid bills of Rs 110 crore

Nearly 90% banks delayed payments to ATMs; cash logistics firms await unpaid bills of Rs 110 crore

Thu, Apr 06, 2017

Liquidity crunch at ATMs has sparked the memory of demonetisation days however cash logistics firms allege that in the process of recalibration, unpaid bills from banks has amounted to Rs 110 crore, a report by The Indian Express said on Thursday.

Gurugram likely to slash property circle rate by 5% in FY18 to boost real estate business

Gurugram likely to slash property circle rate by 5% in FY18 to boost real estate business

Wed, Apr 05, 2017

To boost real estate market of the city, Gurugram's district administration has suggested to reduce its property circle rate by 5% in FY18.

Under pressure, Snapdeal woos staff with promises of profit

Under pressure, Snapdeal woos staff with promises of profit

Tue, Apr 04, 2017

Seeking to calm employees rattled by reports of a cash crunch, the founders of Indian online retailer Snapdeal have gone directly to them with a string of townhall meetings in past weeks, according to sources, promising profit and brushing off takeover talk.

Should you invest in REITs; here are key reasons

Should you invest in REITs; here are key reasons

Tue, Apr 04, 2017

India is expected to witness listing of its first REIT by the end of 2017 or early 2018, but should you invest in this investment instrument and how beneficial it is?

Demonetisation: RBI turns down Indians, NRIs went for exchange of old notes as deadline ends today

Demonetisation: RBI turns down Indians, NRIs went for exchange of old notes as deadline ends today

Fri, Mar 31, 2017

The Reserve Bank of India (RBI) offices have turned down several Indians including NRIs went for exchanging old currency notes as the deadline ends on March 31, 2017.

China's LeEco to sell 43-acre US Silicon Valley site amid cash crunch: Sources

China's LeEco to sell 43-acre US Silicon Valley site amid cash crunch: Sources

Fri, Mar 17, 2017

LeEco is looking to sell a 49-acre US Silicon Valley property less than a year after buying it from Yahoo Inc, sources said.

Demonetisation Impact: Finova Capital targets to disburse loan worth Rs 100 crore to MSMEs in 2017; plans to recruit 500 people in 2 years

Demonetisation Impact: Finova Capital targets to disburse loan worth Rs 100 crore to MSMEs in 2017; plans to recruit 500 people in 2 years

Thu, Mar 16, 2017

Demonetisation has worked as a blessing in disguise for us as we collect 100% repayment through Automated Clearing House (ACH) mode and not through cash, Finova Capital managing director and chief executive officer, Mohit Sahney told Zeebiz.com.

Demonetisation had positive impact on sectors like metals, capital goods

Demonetisation had positive impact on sectors like metals, capital goods

Thu, Mar 16, 2017

Four months since demonetisation and its impact has started to fade out. However, everything isn't gloom and doom as analysis show that there were a few sectors that gained from Prime Minister Narendra Modi's bold attempt to tackle black money and push India towards a less-cash economy.

Honda Cars India launches crossover WR-V starting at Rs 7.75 lakh

Honda Cars India launches crossover WR-V starting at Rs 7.75 lakh

Thu, Mar 16, 2017

Highlights: 1. The new Honda WR-V car is based on the Jazz platform and it comes with both petrol and diesel variants

RBI data show that Indians are rushing to withdraw cash as demonetisation pain eases

RBI data show that Indians are rushing to withdraw cash as demonetisation pain eases

Wed, Mar 01, 2017

HDFC Bank in one of its report said, “With the surge in deposits growth from 9.8% in 1H-FY17 to around 13% in 2H-FY17, commercial banks in India are at the moment flush with liquidity. After a spurt in deposits post-demonetisation, there is now a trend-reversal underway.”

Residential realty likely to witness weak sales, commercial & retail segment to record stable growth in 2017: Care Ratings

Residential realty likely to witness weak sales, commercial & retail segment to record stable growth in 2017: Care Ratings

Mon, Feb 27, 2017

Care Ratings has projected India's residential real estate sector to witness low sales in 2017 on back of buyers waiting for more interest rate cut from the Reserve Bank of India (RBI), deferral of house buying decision among IT professionals, among others.

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