Farmers to stage massive protest in front of Bengaluru RBI Office on June 28 Mysore/Mysuru: Demanding to drop CIBIL score for sanctioning agricultural loan, farmers will be staging a massive protest in front of the RBI Office in Bengaluru on June 28. Disclosing this at a press meet held at Jaladarshini Guest House on Hunsur…
Mysore/Mysuru: Hundreds of harried Yes Bank depositors rushed to ATMs in city to withdraw cash but faced multitude of problems including closed down machines and long queues, after the RBI placed the bank under a moratorium, capping maximum withdrawals at Rs. 50,000 per account for a month. Aggravating the problems of depositors were difficulties accessing…
ATMs being recalibrated to fit more Rs. 500, Rs. 200 and Rs. 100 notes New Delhi: After introducing Rs. 2,000 currency notes post-demonetisation in 2016, the high-value note seems to have lost its sheen in three years. As part of stopping the use of Rs. 2,000 notes, several banks have initiated the process to recalibrate…
New Delhi: The Reserve Bank of India (RBI) has stopped printing Rs. 2,000 notes launched during the demonetisation days in November 2016. The move, as per a report, quoting unnamed government sources, is being aimed at slowly reducing the note’s circulation. The report also states that the decision also comes amid suspicion that the Rs….
Mysuru: Tomorrow is Ugadi and Mysuru is in a festive mood with people splurging on goodies and buying new clothes as it is the New Year as per the Hindu Calendar. But as if to dampen the festive spirit, most of the ATMs in city have run out of cash and even banks have reported…
Mumbai: The Reserve Bank of India (RBI) yesterday dismissed media reports that it was not necessary to link national identity card numbers (Aadhaar), to bank accounts. It said in a statement the requirement remained in force under anti-money laundering rules. The RBI clarification followed media reports quoting a reply to a Right To Information (RTI)…
Mysuru: Even after Reserve Bank of India (RBI) announcing and also clarifying that Rs. 10 coin is a legal tender, a majority of people, especially businessmen in city, are reluctant to transact and exchange coins. Sorting out arguments between customers and vendors has become a daily feature at markets and shops. In a letter to…
Sir, The Rs.10 coin of India is not being accepted at many places in Mysuru. Even Metagalli Post Office refuses to accept the same stating that they already have Rs.10 coin totalling to about Rs.3000 which they are unable to use as a legal currency. This is legally illegal. Why this aversion to Rs.10 coin…
New Delhi: The Reserve Bank of India (RBI) yesterday announced that it has issued Rs. 500 denomination notes with inset letter A. However, the old notes, which were introduced after PM Narendra Modi’s demonetisation drive in Nov. 2016 will continue to remain legal tender. The Central Bank, in a statement, said that this was in…
Sir, The circulation of Rs. 10 coins is testing the patience of people. RBI guidelines state that there is no ban on coins but commercially it is not even accepted by Government/Private Banks, Railway Station, bus services or anyone. When note ban was effected since November 2016, the banks could not provide required denominations in…
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