The Parliamentary panel on finance will present its report on demonetization in the upcoming Monsoon Session and RBI Governor will not be called again on the note ban issue, the committee’s chairman M Veerappa Moily said today. During the more than three-hour long meeting of the Standing Committee on Finance here today, RBI Governor Urjit Patel took a lot of questions but many members said the central bank chief did […]

There has been a notable drop in cash withdrawals from banks and ATM branches from its peak post the demonetisation of Rs 500, Rs 1,000 notes, according to a research report by State Bank of India. According to the report, “post demonetisation (i.e. after 30th December), cash withdrawals have been declining rapidly from a peak of Rs 528 billion for the week ended 13th January to Rs 325 billion recently […]

Demonetization is like an earthquake that refuses to stop despite shaking all of us down to our very core. It struck the Indian subcontinent on November 8 and we’re all still reeling from subsequent aftershocks, with no immediate relief on the horizon. One of the undoubted silver linings of the fallout surrounding demonetization is the push towards the adoption of e-wallets (digital wallets or mobile wallets). With hard cash in […]