ON SALE




ON SALE
19 decimal private land with a House
at Sabitri Ghising Road, Bong Busty Kalimpong.
Single storied house has 3 Bedrooms,
Living room, Kitchen & Dining room,
3 Bathroom-cum-toilets
Contact: thulungakrai@gmail.com
or 9434131719


26 Dec 2016

Curbs on withdrawals to stay beyond Dec 30

PTI, HT, 26 Dec 2016, NEW DELHI: Restrictions on withdrawal of cash from banks and ATMs are likely to continue beyond December 30 as currency printing presses and RBI have not been able to keep pace with the demand of new currency notes.
As the 50-day deadline for completion of demonetisation process draws near, there is a growing consensus among bankers that the restrictions on withdrawal would have to continue even in the New Year so as to maintain orderly working at the banks.
Banks at many places are not in a position to disburse even the current limit of `24,000 per week due to cash crunch and are rationing the valid currency depending on cash availability.
If this limit is withdrawn for individual and businesses from January 2, it is unlikely that banks would be able to disburse the higher demand for valid currencies given the current cash position.
“Most of us think that the withdrawal limit would not be completely withdrawn. It is a possibility that it could be relaxed if the cash situation improves,” said a senior public sector bank official.
At a time when banks are struggling to meet the demand of individual customers, it would be impossible to service MSME and big corporates which requires cash in large quantity, the official said, the practical way would be to relax it gradually.
Recently, SBI Chairperson Arundhati Bhattacharya had also indicated that restriction on withdrawals cannot be lifted entirely unless more cash is made available to banks.





Digg Google Bookmarks reddit Mixx StumbleUpon Technorati Yahoo! Buzz DesignFloat Delicious BlinkList Furl

0 comments: on "Curbs on withdrawals to stay beyond Dec 30"

Post a Comment

Kalimpong News is a non-profit online News of Kalimpong Press Club managed by KalimNews. It is published simultaneously in this site as well as http://kalimpongnews.net.
Please be decent while commenting and register yourself with your email id. Your id will be kept secret, as far as practicable.

Popular Posts