Axis Bank  

This IIM-A convocation was one with a difference. The guest speaker was Axis Bank MD & CEO, Shikha Sharma. Now one might expect matters of money to be her forte and ideal advice for outgoing graduates. But Shikha Sharma had a different piece of advice and that too on matters of the heart

The District Cooperative Central Banks (DCCs) of Karnataka have received a record amount of cash deposits estimated to be between ₹100 crore to ₹200 crore after the announcement of demonetisation.

Demonetisation is a brilliant move in India, said so many but now that part of the population is fast reducing. Otherwise how do you interpret these stop-gap measures being implemented daily. Is the Modi government trying to save face post demonetisation debacle?

While the focus is on black money hoarders, the real kingpins seem to the bankers. After all, how are the corrupt managing to acquire thousands of bundles of the new currency notes?

The cash deposits were made in multiple instalments of ₹90 to ₹99 lakh to fool the government agencies.