Beena Parmar has been is a banking and finance journalist for over 10 years. Apart from BFSI, she covers the private equity and venture capital space. Beena loves to read about politics, society.
Articles by Beena Parmar
Online sale of bank notes gains currency
While websites, including eBay and OLX, are listing notes of varied denominations for sale, a simple Google search throws up an aggregator website, for-sale-in, which gives information about all deals available online on the sale of currency notes.
Updated on Nov 24, 2016 11:18 AM IST
Hindustan Times | Anirban Ghoshal and Beena Parmar, New Delhi/mumbai
Nearly 1 lakh ATMs recalibrated till today: Will it become easier to withdraw cash?
Close to one lakh ATMs, which account for about 45% of the cash vending machines in the country, will be recalibrated by Wednesday morning and made ready to dispense currency notes of Rs 500 and Rs 2,000, officials have said.
Updated on Nov 23, 2016 10:59 AM IST
Hindustan Times | Beena Parmar, Mumbai
Now buy paan or chaat through the m-wallet
You can soon buy your vegetables, fruits, your favourite paan and even the road-side chaat food through Paytm, Mobikwik, Freecharge or JioMoney.
Published on Nov 23, 2016 10:12 AM IST
Hindustan Times | Beena Parmar, Mumbai
Small merchants can transfer up to Rs 50K via digital wallets till Dec 30: RBI
Small merchants can now transfer funds up to Rs 50,000 through semi-closed prepaid instruments (PPIs) linked to bank accounts.
Updated on Nov 22, 2016 11:06 PM IST
Hindustan Times | Beena Parmar, Mumbai
Demonetisation: Breather for borrowers, cash rules tweaked for farmers
The government provided on Monday a breather for borrowers saddled with the cash crunch in the country, giving additional 60 days to repay home, car, farm and other loans worth up to Rs 1 crore.
Updated on Nov 22, 2016 01:16 AM IST
Hindustan Times | Mahua Venkatesh, Aloke Tikku, Beena Parmar, New Delhi/mumbai
₹2.5 lakh cash withdrawal allowed for weddings: All you need to know
Only one person per family with an upcoming wedding on or before December 30, 2016, can withdraw up to ₹2.5 lakh, the Reserve Bank of India said in a statement on Monday.
Updated on Feb 17, 2020 11:07 PM IST
Hindustan Times | Beena Parmar, New Delhi
Demonetisation will lead to 6 months of chaos: Ex-RBI deputy guv Chakrabarty
Former deputy governor of RBI KC Chakrabarty says demonetisation has affected the poor the most as rich people don’t keep cash.
Updated on Nov 21, 2016 09:13 AM IST
Hindustan Times | Beena Parmar
Bandhan Bank CEO says MFIs may lose Rs 1,700cr due to note ban
Bandhan Bank, which was one of the largest micro finance institutions before it became a bank last year, has suspended its micro-credit disbursement after the government demonetised ₹500 and ₹1,000 notes on November 8. Bandhan still has a large micro lending business.
Updated on Nov 18, 2016 12:33 PM IST
Hindustan Times | Beena Parmar and Ramsurya Mamidenna
Over ₹4 lakh crore cash deposited in banks in five days
Indian Banks’ Association chairman Rajeev Rishi said, “As per the data, banks have got deposits worth ₹3,85,056 crore till November 14. The amount could be much more as some banks’ data is still not available with us. We collated the amount from 21 public sector banks, about 6 cooperative banks and 7-8 private banks.”
Updated on Nov 17, 2016 11:45 AM IST
Hindustan Times | Beena Parmar, Mumbai
Raghuram Rajan preferred other ways over demonetisation to tackle black money
Former RBI governor Raghuram Rajan didn’t think much of demonetisation and said there are other ways of tackling black money.
Updated on Nov 16, 2016 08:59 AM IST
Hindustan Times | Beena Parmar, Mumbai
RBI waives charges on ATM transactions for all banks till December 30
The Reserve Bank of India (RBI) on Monday waived charges for ATM transactions till December 30 at one’s own bank as well as others
Updated on Nov 14, 2016 11:09 PM IST
Hindustan Times | Beena Parmar, New Delhi
Enough cash available, don’t hoard, RBI tells people
The Reserve Bank of India on Sunday said enough cash was available and people should not panic and “hoard” money, as queues outside banks and ATMS grew longer and tempers ran short.
Updated on Nov 13, 2016 11:47 PM IST
Hindustan Times | Beena Parmar, Mumbai
Despite Rs 4000-cap on money exchange, loophole allows multiple transactions
The government may have announced a Rs 4,000-cap on exchanging demonetised 500 and 1000 rupee notes for valid money till November 24 , but citizens are managing to make multiple such transactions.
Updated on Nov 13, 2016 01:43 AM IST
Hindustan Times | Beena Parmar, Mumbai
Consumers exchanged 500, 1000 rupee notes worth Rs 10 crore: RBI
The Reserve Bank of India said on Saturday that exchanges worth Rs 10 crore were made for the demonetised denominations of Rs 500 and Rs 1000.
Updated on Nov 12, 2016 07:11 PM IST
Hindustan Times | Beena Parmar, Mumbai
Cash crunch, ATM under-utilisation, logistical issues make demonetisation a pain
Three days after the government scrapped the validity of high-value Rs 500 and Rs 1,000 currency notes, banks are finding it difficult to meet the rush in demand for 100 rupee and lower denomination notes.
Updated on Nov 12, 2016 01:54 PM IST
Hindustan Times | Beena Parmar, Mumbai
Just 35,000 personnel to replenish ₹16 lakh crore in ATMs
In long meetings with the Reserve Bank of India for the past two days, ATM companies and other stakeholders rolled out the plan to pull out ₹500 and ₹1,000 notes out of the system and meet the unprecedented demand for ₹100 notes.
Published on Nov 11, 2016 12:56 PM IST
Hindustan Times | Beena Parmar
ATMs functioning at 10% capacity, quick relief unlikely for customers
Mumbai resident Aesha has been on the hunt for cash since early Friday morning but is still unsure if she will get her hands on any banknotes. She has been to three ATMs but found only one functional – with scores of people already queued up.
Updated on Nov 11, 2016 01:25 PM IST
Mumbai, Hindustan Times | Beena Parmar
Chaos reigns at banks, ATMs as people rush to ditch worthless banknotes
Indians woke up on Thursday to chaos and confusion. It was easy to spot banks, ATMs and post offices in any town, big or small.
Updated on Nov 11, 2016 08:10 AM IST
Hindustan Times | Mahua Venkatesh and Beena Parmar, New Delhi/mumbai
Discounts on digital cash in Modi’s war against #BlackMoney
Eyeing an aggressive push towards cashless payments, discounts on debit and credit card transactions are being offered by banks and payment companies to cash in on the ban on Rs 500 and Rs 1000 denomination currency notes.
Updated on Nov 10, 2016 08:47 PM IST
Hindustan Times | Beena Parmar, Mumbai
Interest rates head southward as banks eye more deposit base
The government’s move to ban R500 and R1,000 currency notes on Tuesday to curb black money from the system will also see inflationary worries getting addressed, given the moderation in currency circulation among the public.
Updated on Nov 10, 2016 02:03 PM IST
Hindustan Times | Beena Parmar
Banks extend work timings by two hours on Nov 10-11, to be open this weekend too
Banks will work an extra two hours on November 10 and 11 and will also remain open over the weekend to help customers queuing up to deposit their 500 and 1000 rupee notes.
Updated on Nov 09, 2016 07:42 PM IST
Hindustan Times | Beena Parmar, Mumbai
Banks brace for cash flows, in talk with ATM operators for smooth transition
The government’s move to demonetise Rs500 and Rs1,000 notes also push up logistical costs for banks as lenders have to send the cash loading agencies more frequently to load cash into ATMs
Updated on Nov 09, 2016 04:34 PM IST
HT Correspondent | Beena Parmar
Forgot your password? Soon card transactions with fingerprint scan
Next year, you may be able make payments through an eye or a finger scan, no longer needing your debit/credit card PIN or password.
Updated on Nov 04, 2016 11:21 AM IST
Hindustan Times | Beena Parmar, Mumbai
ICICI Bank, HDFC cut home loan rates; others set to follow
Taking a cue from State Bank of India, ICICI Bank on Thursday reduced interest rates for home loan borrowers. The offer is valid from November 1 to November 30.
Updated on Nov 04, 2016 11:34 AM IST
Hindustan Times | Beena Parmar, Mumbai
After SBI, ICICI Bank cuts home loan rates, other banks likely to follow
After State Bank of India (SBI), India’s largest bank, slashed interest rate on home loans, other lenders including ICICI bank and HDFC are likely to follow suit and reduce home loan rates.
Updated on Nov 03, 2016 02:57 PM IST
Hindustan Times | Beena Parmar, Mumbai
Banks take a cautious approach as credit card loans rise
Banks, already saddled with high non-performing assets, (NPAs) have a new problem in hand — rising credit card usage and an increase in loan amount against such cards.
Updated on Nov 02, 2016 01:51 PM IST
Hindustan Times | Beena Parmar, Mumbai
Banks face the credit card conundrum
Credit card usage is fuelling fears for private banks owing to slowing growth from uncertainties in loan usage, which stems from fewer jobs and meagre salary hikes.
Published on Oct 31, 2016 12:47 PM IST
Hindustan Times | Beena Parmar, Mumbai
Debit card breach puts spotlight on outsourcing of ATM services
Last week some debit cards of leading banks such as SBI, ICICI Bank, HDFC Bank, Axis Bank and Yes Bank, used at regular ATMs and at maintained by third-party agencies, had been involved in suspicious transactions over a three months, with about ₹1.03 crore ‘disappearing’.
Updated on Oct 24, 2016 10:28 AM IST
Hindustan Times | Beena Parmar, Mumbai
Banks need to raise firewalls to protect debit cards
Following the security breach that led to data of almost 3.2 million debit cards getting compromised, banks need to adopt multiple-level authentication, install improved firewalls and employ only a fixed number of softwares at their ATMs, experts said.
Updated on Oct 22, 2016 01:30 PM IST
Hindustan Times | Beena Parmar, Mumbai
Debt-hit firms selling assets, but Jaypee shows how loans remain
The move to cut bad loans that have been impacting profitability of India’s top banks has pushed many debt-ridden companies to sell assets over the past three years.
Published on Oct 21, 2016 11:31 AM IST
Hindustan Times | Beena Parmar and Ramsurya Mamidenna, Mumbai