Govt says banks have cash of all denominations
The Dollar Business Bureau (Sourced from Press Information Bureau) The Union Finance Ministry reviewed the position regarding availability and distribution of all denomination of bank notes. Some of the highlights of the review and the decisions taken are as follows:- 1. In the first four days ( from November 10th to 13th , upto 5 pm ) about Rs 3.0 lakh crores of old Rs.500 and Rs.1000 bank notes have been deposited in the banking system and about Rs.50,000 crores has been dispensed to customers by either withdrawal from their accounts or withdrawal from ATM’s or by exchange at the counter. Within these four days, the banking system has handled about 18 crore transactions. 2. Coordination is being continuously done by Ministry ...
Nationalised Banks (Management and Miscellaneous Provisions) Amendment Scheme, 2015
Dated February 4, 2015 | Copy of | Notification | In exercise of the powers conferred by section 9 of the Banking Companies (Acquisition and Transfer of Undertakings) Act, 1980 (40 of 1980), the Central Government, after consultation with the Reserve Bank of India, hereby makes the following Scheme further to amend the Nationalised Banks (Management and Miscellaneous Provisions) Scheme, 1980, namely:- 1. (1) This scheme may be called the Nationalised Banks (Management and Miscellaneous Provisions) Amendment Scheme, 2015. (2) It shall come into force on the date of its publication in the Official Gazette. 2. In the Nationalised Bank (Management and Miscellaneous Provisions) Scheme, 1970 (hereinafter referred to as said Scheme), in clause 13,- (a) in sub-clause (2),- ...
