Banks including HDFC, shall charge a minimum amount of Rs 150 per transaction for cash deposits and withdrawals beyond four free transactions in a month.
The monetary policy committee has changed its stance on monetary easing from accommodative to neutral, suggesting a hawkish outlook.
Credibility will be strengthened if demonetisation is accompanied by complementary measures. Early and full remonetisation essential.
In retrospect the existence of the Rs 2,000 notes could have been one of the triggers for the November 8 announcement of demonetisation.
Questions on an economically disruptive policy like demonetisation cannot be brushed under the carpet citing national security. RBI Governor Urjit Patel should clarify
Most late depositors feel cheated as they say Prime Minister Narendra Modi had promised a window post December 30 to exchange notes for those with genuine reasons.