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Cash crunch News

12 Jun 2018

RBI Governor Urjit Patel assures steps to strengthen banking system

Sources present at the meeting of the Parliamentary Standing Committee on Finance said the RBI Governor expressed confidence of tiding over the crisis regarding non-performing assets (NPAs).

19 Apr 2018

Cash crunch: Bank unions threaten to launch nationwide agitation

Bank employees are facing the wrath of the public for a problem created by the government and the Reserve Bank, association's general secretary C H Venkatachalam said.

19 Apr 2018

Cash crunch: SBI asks customers to withdraw cash from PoS machines

There has been an unusual spurt in demand of cash currency in some parts of the country like Andhra Pradesh, Telangana, Karnataka, MP and Bihar.

18 Apr 2018

International conspiracy to hit Indian economy: Akhilesh Yadav on cash crunch

Akhilesh Yadav asked if the cash was being held back on the directions of the government.

18 Apr 2018

Cash crunch: Principal Economic Advisor Sanjeev Sanyal blames social media

The printing of Rs 2,000 notes has also been halted for a past few days.

18 Apr 2018

Delay in ATMs' recalibration for Rs 200 notes led to cash crunch

The RBI said shortage "may be felt" in some pockets largely due to logistical issues of replenishing ATMs frequently and the recalibration of ATMs being still underway.

17 Apr 2018

Cash crunch: Government to increase production of currency notes by 5 times

Finance Minister Arun Jaitley has assured that that cash shortage is being tackled quickly.

17 Apr 2018

Cash crunch in India again? Five things you should not do

Several ATMs in the country have no currency but Finance Minister Arun Jaitley has assured that there is more than adequate in circulation and that the shortage in certain ATMs is temporary.

17 Apr 2018

PM destroyed banking system: Rahul attacks govt as ATMs run dry

Customers have been queuing in large numbers outside ATMs and banks for the last few days in several cities to withdraw currency notes from vending machines, but most of them were either out of service or had a board notifying "no cash".

17 Apr 2018

ATMs run dry in many cities; cash shortage being tackled quickly, says Jaitley

Customers have been queuing in large numbers outside ATMs and banks for the last few days in several cities to withdraw currency notes from ATM machines.

17 Apr 2018

Cash crunch in parts of India as ATMs run dry; govt says solution in 3 days

Officials of several bank branches said that the banks' infrastructure is unable to handle the huge rush resulting in long serpentine queue.

29 Sep 2017

Banks to remain closed for four days starting today, cash crunch may hit people

In wake of extended Dussehra holidays, there might be possibilities of cash crunch hitting people.

13 Aug 2017

Indian economic cycle entering strongest phase: Report

The Indian economy is at the cusp of entering its strongest growth phase and a full blown bull market is yet to play out with the wide-based Nifty expected to touch 11,500 in 2018, says a report.

banks' holidays

14 Aug 2017

Alert! Banks to remain closed for 4 straight days; ATMs likely to run out of cash

The dates being - August 12 for second Saturday (Banks are closed on second and fourth Saturdays every month), August 13 for Sunday, August 14 for Janmashtami and August 15 for Independence Day.

Central Statistics Office

28 Feb 2017

CSO to unveil Q3 GDP estimate with note ban impact today

The Central Statistics Office is due to unveil on Tuesday the revised advance estimate for GDP growth for 2016-17 after factoring in the note ban impact in the December quarter.

31 Jan 2017

Demonetisation, GST to help retail sector: Walmart India CEO

Demonetisation, series of structural reforms and the implementation of Goods and Service Tax will propel the retail sector into the modern economy, and help attract significant foreign investment, Walmart India CEO, Krish Iyer said today.

Union Budget 2017-18

27 Jan 2017

Budget thrust needed on sectors hit hardest by cash crunch: Crisil Research

The Union Budget 2017-18 should focus on labour intensive sectors.

Loan to farmers

24 Jan 2017

Cabinet approves 60-day interest waiver on farm loans from cooperative banks

The Cabinet on Tuesday gave its ex-post facto approval to interest waive-off to farmers for November and December.

18 Jan 2017

RBI Governor Urjit Patel to brief parliamentary panel on demonetisation today

Urjit Patel will brief a parliamentary panel about demonetisation and its impact on the economy and the steps taken by the central bank to deal with the cash crunch.

Housing sales in 2016

10 Jan 2017

Demonestisation: Real estate sales in 2016 dip lowest in 6 years

Real estate already reeling under slowdown received a jolt in 2016, and sales dip to lowest in 2016 due to cash crunch unleashed by demonetisation.

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