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Six UCBs under Directions; four under penalty: RBI

A spate of urban co-op banks was either put under restriction or imposed with fine for various acts of omissions and commissions last week. At least six banks were put under Directions and four others were penalized.

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RBI imposes monetary penalty on Gauhati Co-operative Urban Bank

RBI imposes monetary penalty on Gauhati Co-operative Urban Bank
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Finance Ministry: 99 31% of Money Returned to Circulation After Demonetisation

Responding to a question raised by Rajya Sabha MP (member of parliament) Subramanian Swamy, the finance ministry informed the parliament that Rs10,720 crore worth old Rs1,000 and Rs500 notes did not return into circulation after demonetisation.

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3 people arrested in Dakshina Kannada district as Rs 1 92 crore demonitised currency was seized by the Police

In Dakshina Kannada district Rs 1.92 crore demonitised currency was seized by the Police and have arrested 3 persons.Preliminary investigations suggested that the money was being brought from Chitradurga and Shivamogga districts.

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Demonetised currency worth Rs 1 92 crore seized in Mangaluru

Demonetised currency worth Rs 1 92 crore seized in Mangaluru
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