The BSE Midcap index has declined 5.7% thus far in May 2018. In comparison, the S&P BSE Small-cap index has lost 5.6%
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.
Currency scarcity weighed on manufacturing performance where growth of new work flows slowed
The corporate sector took production cuts, conducted inventory management and reduced staff to meet challenges following the govt's note ban decision
On a daily basis, an average cash logistics company transports Rs 5,000-8,000 crore worth of cash nationwide.
Polling in Vellore was scheduled on April 18.
Satish Kumar, a resident of Uttam Nagar and who used to work as a vegetable vendor in Keshopur Mandi, collapsed outside an Oriental Bank of Commerce branch, on Najafgarh road, while he was standing in a queue with his friends.
The 50-day window for depositing the old notes in bank accounts and post offices expires on Friday.
If RBI has to replace the entire stock of Rs 1,000 and Rs 500 notes with Rs 100 ones, the cost would be more than Rs 10,000 crore.
Cashi Crisis: Day 9: Aaj ki Taaza Khabar!
Wiping off nearly Rs 4 lakh crore of investors' wealth during the day, benchmark Sensex crashed on Friday.
Thirty-two of the 36 people killed in the New Year eve stampede at Shanghai's iconic waterfront area have been identified, authorities said on Friday, as Chinese media and public criticised the administration's failure to prevent the tragedy that marred the gleaming financial hub's image.
Syed Firdaus Ashraf goes to the bank to withdraw cash, a day after high denomination notes were withdrawn, and encounters a veritable battlefield.
He said it may take up to 3 weeks for all the 2 lakh cash vending ATMs to operate normally as each one has to be calibrated individually to dispense new sized notes of Rs 2000 and Rs 500 besides lower denomination currency of Rs 100.
At least 35 people, including 25women, were killed and 48 others injured in a stampede during New Year revelry at Shanghai's iconic waterfront area, one of the worst tragedies to hit China in recent years.
Rediff readers share their Cash Crisis experiences.
Crores of new currency notes continue to tumble out of lockers and hidden locations as authorities conduct raids and searches across the country.
