If struggling with dealing with queues of people asking for new notes wasn't enough, banks are now facing the challenge of storing the old notes in their strong rooms.
Work in mandis across UP and in northern India which till Tuesday, witnessed heavy arrivals of newly harvested paddy, saw a steep decline.
With over Rs 15,000 crore in deposits, its strategy is a hit for now, but the real test will come when it starts lending to retail and corporate customers in a big way
These banks need to build a significant deposit base to start full-fledged banking.
The state is now under pressure to revise the salaries of its 800,000 employees, which would add to the strain of an already debt-laden state exchequer.
According to the draft, in the northeastern states the threshold is at Rs 500,000.
The two states account for 24% of total accounts opened under financial inclusion scheme.
'West Bengal is an industry-friendly state.'
Notably, the present government has been vociferous about the high debt it inherited from the Left Front government
Khardah is no ordinary constituency. It is the electoral battleground of two economists-turned-finance ministers.
Nandigram today is a conglomeration of model villages fenced by its greenery.
Enthused by India's financial inclusion drive, US-based Accion, one of the biggest micro finance organisations in the world, has renewed its focus in India. Michael Schlein, bottom, left, chief executive officer of Accicon, tells Namrata Acharya in an email interview the Wall Street and Silicon Valley are eager to participate in opportunities presented by the issuance of the small finance and payment bank licences, the expanded banking correspondent opportunities, and the Jan-Dhan Yojna.
Financial inclusion has been on the top of the govt's top agenda.
China accounts for more than one-third of the apparel export market
Dalhousie square has close to 55 historic landmarks.
This time, the price of potato had shot up to Rs 50 per kg.
In urban India, the fall in rice consumption was 0.2 kg per person per month.
For India's leading MFI-turned bank, the challenge is to stay competitive while pricing its loans
Months after take off, Durgapur airport in West Bengal struggles to stay afloat
There are perks for banking with the newest bank in India.
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