E-PaperCash Management News
Why ATM operators are threatening to close half the ATMs
Costs have gone up for ATM operators and cash management companies owing to some new rules by the ministry of home affairs and RBI
2 min read3 Dec 2018Indians keeping more cash reserves at home now than they did before demonetisation: Rajiv Kaul
Rajiv Kaul, executive vice-chairman and CEO of CMS Info Systems, a cash management company that handles more than 57,000 ATMs and 34,000 retail points across the country, talks about the future of cash in India
5 min read30 Oct 201860 private security agencies face risk of closure
In April, RBI had issued a circular saying that security agencies transporting cash for banks must have a minimum net worth of 100 crorea requirement that could force about 60 companies to shut shop
2 min read12 Jun 2018Barclays gets help from India Post with cash management
Barclays attempts to scale up its cash management business in India via a tie-up with the country's post office are starting to bear fruit
1 min read5 Mar 2018GST regime brings new cash management system for government expenses
The home ministry directs all its 21 divisions to strictly follow the new cash management system under new GST regime to avert any temporary mismatch in cash outflows and inflows
2 min read11 Oct 2017CMS Info Systems prepares for IPO, may raise up to Rs800 crore
CMS Info Systems has hired investment banks Axis Capital, Kotak Mahindra Capital and UBS to manage the IPO, which could be a mix of primary and secondary share sale
3 min read3 Jul 2017Writer Corp in talks to raise structured credit from KKR and Co
Private equity firm KKR and Co is investing about Rs230 crore in the form of structured credit in Writer Corp, a warehousing and cash management firm
2 min read28 Apr 2017RBI to allow banks to substitute collateral under LAF window
RBI also said that it will continue using methods such as open market operations, cash management bills and treasury bills to drain excess liquidity from the system
2 min read7 Apr 2017RBI auctions treasury bills worth Rs60,000 crore under MSS
RBI will also conduct auction of 35 days cash management bills under the market stabilisation scheme for Rs60,000 crore on Tuesday
1 min read5 Dec 2016SBI launches specialized branch for start-ups
The specialized branch in its current form cannot fund start-ups, which have so far steered clear of funding from institutionalized lenders as it would qualify as debt and not equity
2 min read15 Jan 2016Popular Topics
Budget
The Union Budget contains details about the estimated receipts and the expenditure of the government for a particular fiscal year. The Budget is allotted for the upcoming fiscal year, which runs from 1st April to 31st March of the next year. Here is a quick guide on how the Union Budget is prepared