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Currency in circulation jumps to Rs 19,699 crore

Thursday, October 17, 2019, 11:41 AM

The week ended October 4 saw currency in circulation jump to hit Rs.22 lakh crore an increase of Rs.19,699 crore. The growth in the value of currency notes has crossed Rs.69,077 crore during the current financial year a rise of 3.2%. The last time currency in circulation had grown higher was in the week ended June 7, 2019, when total currency rose Rs.22,272 crore.
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Railways protests against IRCTC public offer price

Thursday, October 17, 2019, 11:29 AM

Investors may be rejoicing Indian Railway Catering and Tourism Corporation's blockbuster listing, but the railways is not happy with the pricing of the public sector e-commerce company's valuation. The national transporter has lodged a protest about the price at which shares were offered to investors and has sought better due diligence for future transactions, given the long pipeline of public offers of state-run companies.
 
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Mumbai Police to probe oversight of PMC Bank irregularities in RBI audit

Thursday, October 17, 2019, 11:24 AM

The Mumbai Police will investigate how various irregularities in PMC Bank transactions and functioning were omitted from the Reserve Bank of India's forensic audit report, Mumbai Police Commissioner Sanjay Barve said. Among the irregularities that went undetected was that loans by Housing Development and Infrastructure (HDIL) were shown in accounts of different names.

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