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No Exchange of Notes at Banks Tomorrow; Senior Citizens Exempted

News18.com | November 18, 2016, 11:04 PM IST
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New Delhi: The Indian Banks Association has decided to stop over-the-counter exchange for old Rs 500 and Rs 1000 notes for tomorrow but has exempted senior citizens from the same.

The banks have decided to take a one-day break from exchange of currency notes to work on other customer issues.
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Nov 18, 2016 10:44 pm (IST)
Nov 18, 2016 10:22 pm (IST)

Lauding government's decision to demonetise high value bank notes, yoga guru Ramdev on Friday said Prime Minister Narendra Modi is facing threat to his life from drug mafia, terrorists and other economic offenders in the wake of this "historic" move.

Nov 18, 2016 9:58 pm (IST)
Execution Could Not Have Been Better, Says Jaitley on Demonetisation

Unfazed by criticism of the demonetisation move, Finance Minister Arun Jaitley on Friday said replacing 86 per cent of the currency in circulation with new bank notes could not have been executed in a better way than currently being implemented.

Nov 18, 2016 9:39 pm (IST)
PM Modi Not Properly Briefed on Demonetisation, Says Ex- RBI Dy Guv

Dr. K.C. Chakrabarty was a Deputy Governor of the Reserve Bank of India from 2009 to 2014. News18's Tushar Dhara spoke to Dr. Chakrabarty for his views on demonetisation.

Nov 18, 2016 9:33 pm (IST)

Execution could not have been better, says Arun Jaitley on demonetisation

Nov 18, 2016 9:22 pm (IST)
Nov 18, 2016 9:17 pm (IST)

Reserve Bank on Friday said cash withdrawal limit from Point of Sale in large cities and towns has been doubled to Rs 2,000 per day and customer charges have been waived in the wake of demonetisation of old Rs 500/1000 currency notes

Nov 18, 2016 9:04 pm (IST)

Post-demonetisation, ICICI Bank got Rs 32K-cr deposits:Kochhar

Nov 18, 2016 8:52 pm (IST)
Nov 18, 2016 8:51 pm (IST)
Nov 18, 2016 8:49 pm (IST)
Nov 18, 2016 8:27 pm (IST)
Nov 18, 2016 8:21 pm (IST)
PM Modi Not Properly Briefed on Demonetisation, Says Ex- RBI Dy Guv

Dr. K.C. Chakrabarty was a Deputy Governor of the Reserve Bank of India from 2009 to 2014. News18's Tushar Dhara spoke to Dr. Chakrabarty for his views on demonetisation.

Nov 18, 2016 8:15 pm (IST)

There is no compulsion on PM to speak on demonetisation. But the responsibility lies on Finance Ministry, says Subramanian Swamy

Nov 18, 2016 8:11 pm (IST)
Demonetisation Brings Former Dreaded Dacoit to Bank in Gwalior

The demonetisation of Rs 500 and 1000 currency notes has led people from all walks of life to line up in front banks across the country in the get cash.

Nov 18, 2016 8:07 pm (IST)

"We have been getting currency from RBI and have informed the government," said IBA chief Rajeev Rishi

Nov 18, 2016 8:06 pm (IST)

The Indian Banks Association has decided to stop over-the-counter exchange for old Rs 500 and Rs 1000 notes for tomorrow but has exempted senior citizens from the same.

Nov 18, 2016 7:32 pm (IST)
Nov 18, 2016 7:26 pm (IST)

Support banning of over-the-counter cash exchange,queues have become shorter after the use of indelible ink, says SBI's Arundhati Bhattacharya

Nov 18, 2016 7:11 pm (IST)
Opposition Rethinks Strategy As India Learns to Adjust to Note Ban

After both Houses of Parliament finally adjourned for the day by lunch a group of Opposition leaders huddled in a corner of central hall over dosa and cups of coffee.

Nov 18, 2016 7:01 pm (IST)
Nov 18, 2016 6:51 pm (IST)
Nov 18, 2016 6:51 pm (IST)
Nov 18, 2016 6:26 pm (IST)

The government is mulling banning exchange of old Rs 500 and Rs 1000 currencies before November 25, says sources.

Nov 18, 2016 6:26 pm (IST)
Nov 18, 2016 6:25 pm (IST)
Nov 18, 2016 6:25 pm (IST)
Nov 18, 2016 6:09 pm (IST)
Nov 18, 2016 6:05 pm (IST)
Nov 18, 2016 5:39 pm (IST)
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No Exchange of Notes at Banks Tomorrow; Senior Citizens Exempted
People awaiting their turn in a queue to exchange old notes. (Photo courtesy: Network 18)

Prime Minister Narendra Modi on Friday met senior ministers of the BJP and asked them to sensitise the public about the demonetisation drive.

Modi told the MPs and ministers to reach out to the public and assure them so as to quell rumours and negative perception raised by the Opposition regarding the cash ban and its aftermath.

Day 3 of the winter session of the parliament ended without much business with both houses adjourned after the government and the Opposition indulged in a war of words over a host of issues surrounding the currency note ban.

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