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97.69% of Rs 2000 Notes Returned Since May 2023, Rs 8,202 Crore Yet To Be Deposited: RBI

About Rs 8,202 crore is yet to be deposited as on March 29, 2024, compared with the Rs 3.56 lakh crore in circulation at the close of business on May 19, 2023, 97.69% of Rs 2000 Notes Returned Since May 2023, Rs 8,202 Crore Yet To Be Deposited: RBI ....

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Axis Capital Appoints Atul Mehra as MD and CEO

Atul Mehra becomes Axis Capital MD and CEO, with Parag Gude and Dhaval Desai joining. Emphasis on strengthening investment banking and equities. Axis Capital maintains leadership amid global recognition of India s potential. ....

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foreign currencies: Consultants urge govt to allow local deals involving foreign currencies via RBI

Consultants and service providers are urging the government to avoid routing domestic deals involving foreign currencies, such as dollars, through the US banking system. Currently, transactions in USD within the country incur a transaction fee. K K Kapila, chairman of Intercontinental Consultants and Technocrats (ICT), highlighted that even local transactions, like from Delhi to nearby Faridabad, must go through the US banking system. ....

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Reserved maybe, effective certainly | India News

India News: RBI turns 90 today. Writing on the occasion, the governor explains how the central bank successfully protected the national balance sheet from shocks ....

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'Small' isn't beautiful for small finance banks

Created in 2016 to direct loans to smaller enterprises, farmers and under-served segments, SFBs are required to mention ‘small finance’ in their names ....

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