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Cash remains king in India, co-exists alongside digital modes of payment

In FY23, the transportation, organised retail, and BFSI sectors observed average annual increases o…

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3 mins read

Diwali week cash circulation declines for the first time in 20 years: SBI Ecowrap

For the first time since 2002 – that’s 20 years – currency in circulation has declined during…

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RBI’s temp measure to absorb surplus liquidity caused by ₹2,000 note inflows

The Reserve Bank of India (RBI) on Thursday said that scheduled banks shall maintain an incremental…

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4 mins read

Radiant Cash Management Services IPO opens on Dec 23; price band at ₹94-99 per share

Radiant Cash Management Services, a Chennai-based cash logistics player, will open its initial publ…

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You need not visit a bank to exchange your Rs 2,000 notes – Here’s how Amazon can help you

Exchanging the soon to be defunct Rs 2,000 notes one processes can be a hassle amidst one’s daily p…

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3 mins read

Indians want to spend the ₹2,000 note but it doesn’t look easy

Indians are finding it difficult to spend ₹2,000 banknotes although there are reports that petrol p…

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RBI says received Rs 12.4 lakh crore in old notes; system geared up to increase circulation of new banknotes

Meanwhile, they said the entire system is geared up to increase circulation of new notes and urged …

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India may propose tax on cash withdrawals above ₹1 million in a year to promote digital transactions in the upcoming budget: Report

The tax could be anywhere between 3% to 5%, which would mean a tax of ₹30,000 to ₹50,000 if you …

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Soon there may be Rs 200 notes in circulation

The data for June 23, 2017 shows cash in hand with banks declining to 5.4 per cent of the c…

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INTERVIEW: Here’s why this cash management firm is going for an IPO when Indians are being pushed to go cashless

Mumbai-based cash management company CMS Info Systems that has opened its initial public offering (…

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A year past, currency circulation in India is back to pre-demonetisation levels

Though one of the intended purposes of the note ban was to nudge people into embracing digital…

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India is freezing all cash refilling ops at ATMs after a certain time to prevent theft

India is no stranger to cash shortages. The image of long queues outside ATMs took root in the na…

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This year, credit card users swiped 5x more than debit card users: PayU

This festive season, Indians have been spending via swiping as per a PayU Insights Report - Festive…

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Currency in circulation rises to Rs 21 lakh cr as on Mar'19: Thakur

New Delhi, Dec 9 () Currency in circulation peaked to over Rs 21 lakh crore at the end of March 201…

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ATMs in several Indian states are running short of cash

We've cash currency of Rs1,25,000 cr right now. There is one problem that some states have less…

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6 mins read

India’s digital currency to be launched in FY23 to be cost effective, transparent and secure

The central bank digital currency (CBDC) is about to be launched this financial year in FY23, finan…

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3 mins read

How demonetisation got India’s Cash to GDP ratio at par with advance economies like Germany and France

Demonetisation, it says, has brought the country’s currency in circulation to GDP ratio at par with…

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1 min read

Indians are withdrawing less cash from ATMs now, opting for digital payments

The cash and currency in circulation is 74% of the levels in early November 2016, or 26% less than …

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3 mins read

Not SBI, ICICI or even HDFC - this bank has the most number of microATMs in India

While quick digital payments through apps like Google Pay, Phone Pay, PayTM led by UPI are growing …

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Demonetisation led to slow GDP growth, says Fitch

The agency also warned that if the decline in investment continues at this rate, the growth pot…