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Mr. Viral Acharya, took charge as RBI Deputy Governor, for a three year period. The Central Bank accordingly reallocated the various portfolios on account of the new Deputy Governor’s joining. He will in charge of Monetary and Economic Research department, Corporate Strategy and Budget department, Department of Corporate Services, Department of Statistics and Information

Now the Government has come out one more requirement. It has advised banks to inform deposits made in any account which totals upto Rs 10 lakh in a year, let apart, they should also submit the details of cash payments of Rs 1 lakh or more on credit card bills. It was on January 17

20 Jan

CASH DEPOSITS ABOVE Rs. 10 LAKH OR MORE

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Now the Government has come out one more requirement. It has advised banks to inform deposits made in any account which totals upto Rs 10 lakh in a year, let apart, they should also submit the details of cash payments of Rs 1 lakh or more on credit card bills. It was on January 17

PARLIAMENTARY STANDING COMMITTEE MEETING ON DEMONETIZATION

It is learnt that RBI has replaced around 60 per cent of the old demonetized currency notes, as per revelations by the RBI Governor before the Parliamentary Standing Committee. The currency value was said to be Rs. 9.2 lakh crores, the questions viz the money deposited in banks after demonetization and the time by which

20 Jan

PARLIAMENTARY STANDING COMMITTEE MEETING ON DEMONETIZATION

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It is learnt that RBI has replaced around 60 per cent of the old demonetized currency notes, as per revelations by the RBI Governor before the Parliamentary Standing Committee. The currency value was said to be Rs. 9.2 lakh crores, the questions viz the money deposited in banks after demonetization and the time by which

VIJAY MALLYA CASE : INITIATION OF ORDERS TO RECOVER Rs. 6203 CRORES

A fresh reprimand came by way of Debt Recovery Tribunal (DRT) which passed an order by allowing the consortium of bankers led by State Bank of India to recover their debt of Rs 6,203 crore from the businessman who has defaulted payment to banks. Mallya who has moved to UK is on the run and

20 Jan

VIJAY MALLYA CASE : INITIATION OF ORDERS TO RECOVER Rs. 6203 CRORES

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A fresh reprimand came by way of Debt Recovery Tribunal (DRT) which passed an order by allowing the consortium of bankers led by State Bank of India to recover their debt of Rs 6,203 crore from the businessman who has defaulted payment to banks. Mallya who has moved to UK is on the run and

(1) TCS bets on Digital Banking for Growth: The largest software exporter Tata Consultancy Services, has come out with their latest quarter results with a profit of 11.2 per cent, from the previous year quarter, which stood at Rs. 6,778 crores. The main contribution for the growth was through digital services. The Company’s CEO

17 Jan

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