High interest rate, policy uncertainty in the year of elections, along with risk aversion led to slow takeoff in credit demand on the corporate front.
'For the next three months or so, the market will go down.' 'Traders do not have Rs 100 notes.'
The data show close to 72.5 million accounts have been opened till November 10 with an average 500,000 opened every day.
According to analyst firm RedSeer, the absence of cash on delivery has hit daily e-commerce sales by 30% over the past few days.
Lack of awareness about the scheme, especially in villages, has created a situation where expectations are turning into disappointment.
The last few months have been hard on digital wallets which had a short-lived dream run post-demonetisation.
Soon, one will be able to pay utility bills at the local supermarket, while buying groceries, with the RBI allowing the setting up of payment banks.
Distress sales, market closures and anchoring of fishing fleets have been reported from West Bengal, Andhra Pradesh, Tamil Nadu and Kerala.
Exchange rates play an important factor in international fund transfers
Economy to grow by 7.2-7.5 per cent in second half of current fiscal, says FM.
For 70 years the country has been looted, give me 70 months I will clean it up, he said.
Non-resident individuals (NRIs) have also been allowed to apply for the niche banking licence, provided they plan to return to India.
In this weekly self-help series, mental health and life coach Anu Krishna tells you how to take control of your life.
The budgeted indirect tax collection target is Rs 9.26 trillion, and the Centre has collected around Rs 5 trillion in the first 8 months. So it needs another Rs 4.2 trn in the last four months
Ayan Pramanik reports on former Infosys CFO V Balakrishnan's fintech firm, which aims to make borrowing easy for small firms and individuals.
'Even with the restrictions of depositing more than Rs 2.5 lakh in a bank, people will find new methods to convert this cash hoard into legal tender.'
Phony NFL merchandise and tickets worth $21.6 million have been seized and 50 people arrested in a crackdown on counterfeiting ahead of this weekend's Super Bowl, U.S. law enforcement officials said on Thursday.
Two Indian brothers are among four men who have been indicted by a US federal court on charges of providing material support to slain Al Qaeda leader Anwar al-Awlaki, prosecutors said.
Financial inclusion has been on the top of the govt's top agenda.
Hyderabad firm Digitsecure launches online and mobile social wallet platform that enables payments, money transfers between FB, BBM users.
Amazon's investors are counting on its international business and expansion to help drive growth and support its $165 billion market value, one of the highest among US firms.
Exchanges believe its legal status may now change, with the government pushing for digitised transactions.
Based on the credit history banks may later decide to extend the amount.
Vijay Shekhar Sharma, head of Paytm, says they'd achieve their 500-million user target by 2018, two years before the earlier aim.
Here are six ways your online account can be hacked into, and some simple yet effective ways to protect your Internet avatar.
Despite the low prices, commodities are risky investments
The move to ban Rs 500 and 1000 notes may not curb the root cause of black money.
After six years in the business, the scorecard of Bengaluru-based QwikCilver is impressive, with a 90 per cent market share.
In opaque, complicated markets like real estate, its best to stay away from generalisations.
In the fourth of a six-part series, Ajay Modi visits Moradabad, to see how the brass city is coping with the after-effects of demonetisation.
A Nielsen report found that biscuits, salty snacks, toilet soap, shampoo, washing powder and skin creams were reporting a sharp decline in sales due to demonetisation, reports Viveat Susan Pinto from Mumbai.
'The mindset of people needs to change.' 'We still believe in accepting cash when we can do business with digital money as well.'
The crackdown on black money has manifested itself in a doubling in outward remittances as black money attempts to leave India.
Any liquid money that gold replaces for CRR or SLR compliance will allow banks to use this 'extra' cash for lending to borrowers
The government is working to provide healthcare schemes to poor people under the Jan Dhan initiative.
Clearly, rich Indians have little confidence in India. Perhaps we are also chronically dishonest.
At ATMs, as a step to avoid getting Rs 2,000 notes, people are withdrawing Rs 1,900 in Rs 100 notes and then putting another request for the balance Rs 600, so that they remain within the limit of Rs 2,500 per day of withdrawal.
Most adult Indians should have access to bank deposits, credit and remittance facilities as well as insurance and mutual fund products in the next decade, and technology will play a big role in this transformation, says Tamal Bandyopadhyay.
With digital technology, the I-T department's ability to catch tax evaders has increased many times.
