Are top banks getting their economics wrong?
A mere statement from the RBI assuring that “robust systems” exist isn’t enough
demonetisation
June 2023
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March 2023
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December 2022
November 2022
Cash withdrawals at ATMs rise 235% since demonetisation
Cash withdrawal using debit cards at ATMs stood at ₹2.86 lakh crore in March 2023.
₹2,000 note withdrawal to enhance liquidity, support deposit growth
Experts say the withdrawal of ₹2,000 notes is likely to slow currency leakage temporarily
₹2,000 note can be exchanged for other notes up to ₹20,000 at a time: RBI
The banknotes in ₹2,000 denomination will continue to be legal tender, says RBI
Currency in circulation rises to ₹31.33 lakh cr from ₹13 lakh cr in 2014: Govt
The increase in currency was seen despite the Modi govt’s demonetisation drive in 2016, which was implemented to reduce the amount of relative cash in circulation in the country.
Budget 2023: Currency with public grew least in FY22
Currency with the public has risen by around ₹1.4 lakh crore since demonetisation
Why demonetisation verdict raises more questions than answers
By not questioning Centre’s contrarian economic wisdom, RBI’s acquiescence and its own delay of 6 years to decide the writs, the court has failed to bring checks and balances and prevent recurrence.
Supreme Court upholds demonetisation; dissenting judge calls it 'unlawful'
It was "not relevant" whether the objective of the overnight ban was achieved, the majority judgment says.
India Inc. Remains a Cautious Investor
Private companies are not going full throttle to expand capacities despite deleveraged balance sheets, higher profitability and a healthy banking system ready to back their ambitions.
Despite DeMo, cash is still king in real estate
Around 44% of respondents in a nationwide survey say property purchases since demonetisation 6 years ago continue to have a cash component.
