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Monthly card payments hit record Rs70...

Chalanachithram.com DB » New TF Industry Related » Archive through July 17, 2017 » Monthly card payments hit record Rs70,000 crore - SBI « Previous Next »
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Teluguhero
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Posted on Saturday, July 15, 2017 - 03:37 pm:       


Oka_andhrudu:

Banking system kuyyo morro antondi.. Janalu cash ni banks Loki deposit cheyyadam manesaru




LOL

http://www.financialexpress.com/economy/after-demonetisation -against-all-expectations-deposits-with-banks-stay-put/73013 3/

After demonetisation, against all expectations, deposits with banks stay put


Contrary to lenders’ expectations, most of the money that moved into banks after demonetisation has stayed put. In addition, the accumulation to their deposit base continues at a steady base, data from Reserve Bank of India (RBI) show.
 

Teluguhero
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Posted on Saturday, July 15, 2017 - 03:33 pm:       


Kadapafan:

cash leka card usage perigithe emayyindi ippudu??

Card use cheste successaaa, yada PM tadaa his fans




Three Years Growth In Just Seven Months, Demonetisation Has Put India Firmly On Cashless Path

https://swarajyamag.com/economy/three-years-growth-in-just-s even-months-demonetisation-has-put-india-firmly-on-cashless- path
 

Bharateeyudu
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Posted on Saturday, July 15, 2017 - 06:40 am:       

so wat???? does that mean demon is success...boothu...
 

Hadoop
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Posted on Saturday, July 15, 2017 - 06:17 am:       


Vishvak:

Incidents real ga taggaya leka media report cheyyadam aapesinda???




mee kulgi media report cheyakunda untunda.....dogs lgaa vethukutunnaru...emi leka nag pur lo adi ayyindi....delhi lo idi ayindi ani reporting...kiki..
 

Oka_andhrudu
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Posted on Saturday, July 15, 2017 - 05:11 am:       

Banking system kuyyo morro antondi.. Janalu cash ni banks Loki deposit cheyyadam manesaru. Cash dorikithe dacheskuntunnaru. Veelaina chotalla card ye vaduthunnaru. Credit cards. No savings to banks. 0% effect on black transactions. Tiffin centers lo card ante 20 % extr. 18% for GST, 2% for card. Cash aithe thunnadaniki matrame payment.

Ee effect ni evaru uhinchaledhu. Demoni is utter mey gutter flop show.
AP first !! CBN next !!
 

Kadapafan
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Posted on Saturday, July 15, 2017 - 04:15 am:       


Rajusk:


they are still counting money ani Urjit Patel kurrod cheppad kada.. ninnane

ade emaina mirchi bandi collection aa..day end ki calculate cheyyadaniki


Oh my Modi

idemanna tirupati hundi naa koorchoni chillara lekka pettedaaniki, day by day entha deposit ayyindi bank lo ani live updates ichaaru during Demon, ippudu emi lekka pedutunnaru kikiki
 

Kadapafan
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Posted on Saturday, July 15, 2017 - 04:14 am:       

lol

cash leka card usage perigithe emayyindi ippudu??

Card use cheste successaaa, yada PM tadaa his fans
 

Vishvak
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Posted on Friday, July 14, 2017 - 11:14 pm:       


Hadoop:

also you forgot north east states.....the number of incidents reduced significantly compared to congees...every other day crackers...


Incidents real ga taggaya leka media report cheyyadam aapesinda???

Vi veri universum vivus vici
My Blog: The Power Of One
 

Hadoop
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Posted on Friday, July 14, 2017 - 05:49 pm:       


Rajusk:


list the number of Gokul Chat like events since 2014..

adiganu kada ani Kashmir events pulihora lo mix cheyyoddu..




also you forgot north east states.....the number of incidents reduced significantly compared to congees...every other day crackers...
 

Abcdefghij
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Posted on Friday, July 14, 2017 - 05:42 pm:       

good for india

but desam lo janani aa charge ee charge anni sanka nakistunnaru anta ga papam...creditcard costs and GST on online transactions etc are very very bad..
Post by Knf: bittter annai, welcome RS prakasam varaku madi, Prakasm nunchi UA vaaraku meeedi
http://www.chalanachithram.com/cgi-bin/discus/show.cgi?tpc=115&post=5144373#POST5144373
 

Uno
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Posted on Friday, July 14, 2017 - 05:23 pm:       

Bottom line is after banks and processors share their profit,atleast 1% of it,... Rs 700 crores profit is for Credit Card companies (Visa,Master,Amex etc)
 

Last_avataar
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Posted on Friday, July 14, 2017 - 04:47 pm:       


Rajusk:




Urjit patel Sir pedda...... VERY POWERFUL

aYNE SELAVICHARU printing of banned notes can be replaced in a months ni....
alanti VP ante Very Powerful

Inka 56 gurichi entha takku chebite anta Manchindi
 

Rajusk
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Posted on Friday, July 14, 2017 - 04:46 pm:       


Last_avataar:

Its a show to save banks and increase digital payments




NPAs tho adukka thintunna banks ee vidhamga replenish ayyinayi..

digital payments are good anyways..because less chance for fraud..

don't see an issue with either..
 

Rajusk
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Posted on Friday, July 14, 2017 - 04:44 pm:       


Vishvak:

Alage black money,




2019 nunchi Swiss live sharing of new deposits anta..

old deposits ki vere agreement WIP..

already YOY on decline in Swiss..(may be other outlets lo pedthunnar emo like Cayman)

Vishvak:

terrorism decline numbers kooda announce cheyyali.




list the number of Gokul Chat like events since 2014..

adiganu kada ani Kashmir events pulihora lo mix cheyyoddu..

Vishvak:

Why RBI is so silent on the DeMon stats?




they are still counting money ani Urjit Patel kurrod cheppad kada.. ninnane

ade emaina mirchi bandi collection aa..day end ki calculate cheyyadaniki
 

Last_avataar
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Posted on Friday, July 14, 2017 - 04:38 pm:       


Vishvak:




Bongu chestaaru. All Netas and Biggies got info.
They were given safe exists

Its a show to save banks and increase digital payments
56 ni nammatam antha Amayakatwam inkokati ledu

Tadi guddalato gonthu kostaaru
 

Vishvak
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Posted on Friday, July 14, 2017 - 04:34 pm:       


Teluguhero:

Monthly card payments hit record Rs70,000 crore - SBI


super... Alage black money, corruption, terrorism decline numbers kooda announce cheyyali... Why RBI is so silent on the DeMon stats? appatlo 5 lak crs of black money back ki raadu... Adi Infra projects ki use chestaru ani annaru emi ayyindi?

Vi veri universum vivus vici
My Blog: The Power Of One
 

Teluguhero
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Posted on Friday, July 14, 2017 - 03:59 pm:       


Teluguhero:

Card payments on point-of-sale terminals have hit a record Rs70,000 crore, a level that would have taken three years to reach had demonetization not taken place, a SBI report said

The growth in digital payments has been attributed to demonetization of Rs1,000 and Rs500 banknotes on 8 November and also announcements made in the Budget 2017




LOL Modi haters
 

Teluguhero
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Posted on Friday, July 14, 2017 - 03:57 pm:       

http://www.livemint.com/Industry/ZS1s8kJjKrry4eUmCbqfXI/Card -payments-hit-record-Rs70000-crore-on-the-back-of-note.html

Monthly card payments hit record Rs70,000 crore on the back of note ban: SBI
Card payments on point-of-sale terminals have hit a record Rs70,000 crore, a level that would have taken three years to reach had demonetization not taken place, a SBI report said

The growth in digital payments has been attributed to demonetization of Rs1,000 and Rs500 banknotes on 8 November and also announcements made in the Budget 2017.

The finance minister, in his budget speech, announced major tax exemptions in basic customs duty (BCD), excise/countervailing duty (CV) duty and special additional duty (SAD) for manufacturers of PoS card readers, mobile PoS (mPoS), fingerprint readers and iris scanners.

“We believe that increasing number of PoS terminals (post demonetization, Indian banks have been able to set up 1.18 mn extra PoS terminals) and ease of doing digital transaction will increase this level further,” said the SBI report.


The government had announced in the budget 2017 that 1 million additional PoS machines would be installed by March next year. The SBI report said the target has been exceeded in less than a year’s time.

Use of cash is not efficient anymore, especially post-demonetization and the Goods and Services Tax (GST), said Rahul Gochhwal, co-founder of Trupay, a financial technology company.

“Most traders and merchants preferred cash to avoid tracing of income before demonetization and GST. However, they don’t have that incentive now. A little investment needed to set up card acceptance infrastructure discouraged them to move to digital payments before demonetization,” he said.

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