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People queue up outside an ATM to withdraw money in Hyderabad. (Photo: PTI)

Ninety per cent ATMs in country re-calibrated

India has around 2 lakh teller machines that dispense cash to customers.

1 Dec 2016 6:19 PM IST

Union Finance Minister Arun Jaitley, Finance Secretary Ashok Lavasa and Economic Affairs Secretary Shaktikanta Das. (Photo: PTI)

Honest citizens feel they'll reap benefits: Jaitley on notes ban

The effect of demonetisation will remain for one or two quarters, but its effect on the economy will be seen in the...

1 Dec 2016 5:13 PM IST

People wait in a queue outside a bank to withdraw cash in Mumbai. (Photo: PTI)

Note ban: Big rush for cash in Mumbai on pay day

People were seen waiting anxiously outside ATMs since wee hours to get hold of required amounts.

1 Dec 2016 5:02 PM IST

After two more extensions on November 11 and November 14, the concessions for accepting banned notes ends on Thursday night at petrol pumps, hospitals, pharmacies, railway stations, airports and some other places.

Assam DGP warns bankers against exchanging old notes of insurgent...

Those found converting old currencies into new ones would be booked under relevant terror funding laws, the DGP said.

1 Dec 2016 4:02 PM IST

Banks across the country have resorted to rationing of cash in order to handle the huge payday rush at branches. (Photo: PTI/File)

Note ban: Banks resort to rationing of cash on payday

Some banks are disbursing only Rs 5,000 per person while those having better cash availability are offering Rs 10,000...

1 Dec 2016 2:45 PM IST

The report noted that lending rate cuts are key to cyclical recovery rather than reforms as reforms tend to push up growth only in the medium term.

BofA cuts GDP growth forecast to 6.9 per cent

BofA-ML expects lending rates to come off 50-75 bps by September 2017.

1 Dec 2016 1:02 PM IST

Upset over the lack of money at banks even after 22 days of demonetization, villagers at Bilaspur on Wednesday blocked the Noida-Sikandrabad road.(Photo: PTI/Representational)

Note ban: Upset over lack of money at banks, villagers block traffic...

'For the last three days I have been visiting the bank to withdraw Rs 2,000 but am unable to get the money,' one...

1 Dec 2016 10:07 AM IST

Supplies to cash dispensers were down to a fifth of required levels, leading to both ATMs and banks running out of cash. (Photo: PTI/File)

Demonetisation: Banks cash-starved on first payday

One of the major reasons for the cash crunch was that not enough new notes of Rs 500 have been issued by RBI so far.

1 Dec 2016 9:46 AM IST

Delhi High Court. (Photo: PTI/File)

Wedding withdrawal cap stays, says Delhi High Court

The court says it will not interfere unless the policy is unconstitutional or contrary to statutory provisions or...

1 Dec 2016 4:12 AM IST

Leaders at an all-party meeting convened on the eve of the Assembly session in the chamber of Speaker Biman Banerjee on Wednesday. (Photo: Asian Age)

Meeting on note ban: Opposition stays away, irks Trinamul Congress

Trinamul Congress, which has been the most bitter critic of demonetisation, is now planning to raise the issue on the...

1 Dec 2016 4:35 AM IST

Realtor duped of Rs 2 crore, accused held

Realtor duped of Rs 2 crore, accused held

Accused claimed he can exchange scrapped notes as he knew a bank manager.

1 Dec 2016 4:36 AM IST

President Pranab Mukherjee (Photo: PTI)

Opposition parties leaders to meet President today

The decision on meeting the President on Thursday was taken Wednesday evening after another day of complete disorder in...

1 Dec 2016 3:24 AM IST