The Reserve Bank of India (RBI) on May 2 said that 97.76 percent of the Rs 2,000 currency notes in circulation as of May 19, 2023, have returned to the banking system. The total value of such banknotes in circulation declined to Rs 7,961 crore at the close of business on April 30, 2024, from Rs 3.56 lakh crore at the close of business on May 19, 2023.
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The Reserve Bank of India (RBI) on May 2 said it has imposed monetary penalty of three co-operative banks for rule violations.These banks are Lokmangal Co-operative Bank, The Udgir Urban Co-operative Bank, and The Satara Sahakari Bank, RBI said in a release.The central bank imposed Rs 5 lakh penalty on Lokmangal Co-operative Bank, Rs 2 lakh on The Satara Sahakari Bank.
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Realty firm Embassy Group on Thursday said its sales bookings rose 85 per cent in the last fiscal year to record Rs 2,250 crore on strong housing demand. In a statement, the company said it achieved best-ever performance in the 202324 fiscal year for its residential business, with sales transaction value of Rs 2,250 crore, an 85.5 per cent jump from the preceding year.
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