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Weekly Roundup – December 3

CAMS brings you a weekly glimpse at the key happenings in the BFSI sector, in India and abroad. Regulatory updates or important news, here are some which might have had an impact on the sector. 262 more words

Mutual Fund

नोटबंदी के खिलाफ सड़क पर उतरे आरबीआई के पूर्व गवर्नर रघुराम के गुरु

बैतूल, (वार्ता) : भारतीय रिजर्व बैंक (आरबीआई) के पूर्व गवर्नर रघुराम राजन के गुरु रहे आलोक सागर ने आज मध्यप्रदेश के बैतूल में नोटबंदी का विरोध किया। समाजवादी जन परिषद, के कार्यकर्ताओं के साथ बैतूल कलेक्टोरेट पहुंचे आलोक सागर ने नोटबंदी वापस लेने की मांग करते हुए राष्ट्रपति को संबोधित ज्ञापन अपर कलेक्टर को सौपा। […]

RBI’s liquidity measures to affect banks’ near-term profitability

01/12/2016 12:57

India Ratings and Research (Ind-Ra), an India-based rating agency, has said that excess cash reserve ratio (CRR) requirement will additionally cost the banking system Rs 10.5 billion on a monthly basis. 261 more words

Finance

What will RBI do with scrapped currency notes?

With about Rs 8.45 lakh crore worth of scrapped notes of Rs 500 and Rs 1,000 bank notes deposited in bank accounts across India over 20 days from Prime Minister Narendra Modi’s demonetisation announcement on November 8, banks are plush with cash and depositing it with the Reserve Bank of India (RBI). 152 more words

CURRENT AFFAIRS

How long will the coalition of the corrupt stand united against Modi? - Minhaz Merchant

Cashless and witless, the Opposition will pray that Modi trips up on executing demonetisation in the next crucial 30 days of December. – Minhaz Merchant… 664 more words

India

RBI caps withdrawals from Jan Dhan accounts at Rs 10,000 a month

Demonetisation

In a move aimed at protecting “the innocent farmers and rural account holders of PMJDY (the Pradhan Mantri Jan Dhan Yojana) from activities of money launderers and legal consequences under the Benami Property Transaction & Money Laundering laws”, the  74 more words

Demonetization: Is the real picture overlooked?

In an economy where cash is still the king, one needs courage and a well thought-out plan to scrap 87% of its supply in the market suddenly. 496 more words

India