Branch networks will give preference to pensioners and labourers for withdrawing money.
RBI on Monday conducted an unprecedented level of liquidity infusion to the tune of Rs 3.3 lakh crore, in which banks bid for as much as Rs 4.5 lakh crore. The central bank said it would conduct a liquidity infusion auction of Rs 1 lakh crore on Tuesday as well, to help banks tide over the liquidity crisis.
SBI got Rs 1.93 lakh cr in cash deposits from November 10-25.
According to the Reserve Bank of India, the currency in circulation reduced by Rs 360,700 crore to Rs 1,426,900 crore during the week under review.
After demonetisation, sharp fall in PE valuation offers an attractive entry point into some quality names and these 3 FMCG companies are expected to see the fastest growth in earnings with at least 15 per cent upside potential
FY17 GDP growth faces cash crunch heat
'We have collected Rs 83,702 crore in deposits in five days.'
HFCs and banks expect a drop in demand for housing loans in the short-term.
The move to ban Rs 500 and 1000 notes may not curb the root cause of black money.
As a step to protect its interest as a lender, SBI will look at the financial stability and corporate governance practices in companies where it has exposure.
Possibility of higher growth and relatively cheaper valuations makes Street more positive on Infosys, says Sheetal Agarwal.
With the government's focus on environment-friendly fuel, Indraprastha Gas, Mahanagar Gas and Suzlon's earning prospects look bright
Ambani said, in the telecom space, the focus will be on debt reduction, and the virtual merger did away with the need for major capex and will help towards this
Lower inflation, FCNR(B) outflows likely to influence central bank decision
With two top exits and uncertainty on growth strategy, Jubilant is likely to remain under pressure
Stock crashes 6.5%; top 5 firms lose Rs 33,883 crore in market cap
Analysts cautious on outlook, expect earnings to remain under pressure over medium term.
Even after the recent developments at Infosys, both companies are expected to deliver similar revenue growth in FY17
These have been selected based on the earnings growth prospects and favourable (buy) ratings by brokerages
All shares held by SBI in the five associate banks will stand cancelled after merger.
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