Tag: RBI

Yes Bank depositors rush to ATMs but most unable to withdraw cash
News

Yes Bank depositors rush to ATMs but most unable to withdraw cash

March 7, 2020

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…

End of Rs. 2,000 notes ?
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End of Rs. 2,000 notes ?

February 28, 2020

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…

RBI stops printing Rs. 2,000: Report
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RBI stops printing Rs. 2,000: Report

January 4, 2019

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….

Cash crunch hits Mysuru
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Cash crunch hits Mysuru

March 17, 2018

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…

Linking Aadhaar Number to Bank Accounts Mandatory: RBI
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Linking Aadhaar Number to Bank Accounts Mandatory: RBI

October 22, 2017

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)…

Rs. 10 coin: Forum appeals for awareness programmes
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Rs. 10 coin: Forum appeals for awareness programmes

August 31, 2017

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…

Is Rs. 10 coin in circulation or not?
Voice of The Reader

Is Rs. 10 coin in circulation or not?

May 9, 2017

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…

Spot cordoned off; Section 144 imposed; scientists to probe
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Spot cordoned off; Section 144 imposed; scientists to probe

April 17, 2017

Mysuru – A team of senior scientists from the Karnataka State Pollution Control Board, Bengaluru, specialists from Forensic Science Laboratory in Bengaluru, scientists from CFTRI in Mysuru, officials from the Department of Mines and Geology, Fire Service Department and local Pollution Control Board officials will probe the cause of fire at Shyadanahalli near Belavatha on…

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