Search For "banknotes"
RBI says 88 pc of Rs 2,000 notes returned to banking system
Updated : 2 years, 7 months ago IST
On May 19, the RBI decided to withdraw the Rs 2000 denomination banknotes from circulation but said it will continue to remain as legal tender.
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Rs 2000 notes were introduced to meet currency requirement post demonetisa
Updated : 2 years, 7 months ago IST
Rs 2000 denomination banknotes were introduced to expeditiously meet the currency requirement of the economy after Demonetisation and are close to the end of their useful life, the Minister of State for Finance, Pankaj Chaudhary said in a written reply to the Rajya Sabha on Tuesday.
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2.51 pc of Rs 2,000 notes in circulation till June end: MoS Finance in Lok
Updated : 2 years, 7 months ago IST
On May 19, the RBI decided to withdraw the Rs 2000 denomination banknotes from circulation but said it would continue to remain as legal tender. However, RBI has advised banks to stop issuing such banknotes with immediate effect.
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SC dismisses plea challenging RBI decision on Rs 2,000 note exchange sans
Updated : 2 years, 8 months ago IST
A bench of Chief Justice of India DY Chandrachud and Justice PS Narasimha dismissed the plea filed by advocate Ashwini Upadhyay citing it as an "area of executive domain".
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RBI says 76 pc of Rs 2,000 notes returned to banking system
Updated : 2 years, 8 months ago IST
About 76 per cent of the Rs 2000 banknotes have returned to the banking system since the Reserve Bank of India (RBI) in May decided to withdraw the high-value note from circulation.
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If world has to progress, then Indian way is the way forward: MoS Meenakas
Updated : 2 years, 8 months ago IST
"If the world has to progress and humanity has to survive then the Indian way is the way forward and that way is 'Vasudhaiva Kutumbakam," MoS Lekhi said during an exhibition 'Banking on World Heritage' at Darshanam Gallery of Indira Gandhi National Centre for the Arts.
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Rs 2000 notes withdrawal to boost deposits, consumption, among other param
Updated : 2 years, 8 months ago IST
SBI Research in a report analysed and argued how the withdrawal of Rs 2000 banknotes could boost bank deposits, repayment of loans, consumption, RBI's retail digital currency usage, and overall economic growth.
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Banknotes supplied from printing presses to RBI are properly accounted for
Updated : 2 years, 9 months ago IST
"These reports are based on an erroneous interpretation of information collected under the Right to Information Act, 2005 from the printing press," officials said.
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SC declines urgent listing of plea challenging RBI decision on Rs 2,000 no
Updated : 2 years, 9 months ago IST
The Supreme Court once again declined an urgent hearing of a plea challenging RBI's decision permitting citizens to exchange Rs 2000 banknotes, which are being pulled out of circulation, without any requisition slip and ID proof.
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Half of Rs 2,000 notes in circulation back in system: RBI Governor
Updated : 2 years, 9 months ago IST
On May 19, RBI decided to withdraw the Rs 2,000 denomination currency notes from circulation, but said it will continue to remain as legal tender. However, RBI has advised banks to stop issuing Rs 2,000 denomination banknotes with immediate effect.
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Afghanistan's Central Bank to collect worn-out banknotes, circulate new on
Updated : 2 years, 9 months ago IST
The Central Bank has asked all other banks to collect the citizens' worn-out notes in denominations of ten and 20 without charging a fee, and the bank said it would exchange them for new banknotes.
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SC declines urgent hearing of appeal against Delhi HC order on exchange of
Updated : 2 years, 9 months ago IST
The Supreme Court on Thursday declined an urgent hearing of an appeal against the Delhi High Court order which dismissed a plea challenging RBI's decision permitting citizens to exchange Rs 2,000 banknotes, which are being pulled out of circulation, without any requisition slip and ID proof.
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