Thursday, 29 December 2016

Economic Times

Business Standard
Ø  Govt's indirect tax kitty swells over 23% in Nov
Ø  Giants bring in investments worth Rs 3.30Lcr in telecom
Ø  Telecom vendors bet on India amid global downturn
Ø  Money supply not enough: Banks to government
Ø  Private equity players may flock to real estate mkt
Ø  Reliance Jio justifies free call, data offer to Trai

Ø  Bank credit growth continued to decline in H1
Ø  Note ban can transform economy: RBI
Ø  Corporate India's financial position remains weak
Ø  ONGC cleared GSPC deal without enough independent directors
Ø  Fin Ministry considering debt restructuring for sugar sector
Ø  Fairfax gets RBI nod to acquire 51% in Catholic Syrian Bank
Business Line

Mint
Ø  Banks face significant stress, but stable overall: RBI
Ø  Tatas to Mistry: return all ‘confidential’ papers
Ø  Ambuja Cement, ICICI Bank enter into partnership to boost cashless trade
Ø  RIL commissions paraxylene plant at Jamnagar complex
Ø  Change in fiscal year cycle unlikely before 2018
Ø  SEBI launches prosecution in 568 CIS cases, 1,100 others

Ø  Cash withdrawal limits to be rolled back in phases
Ø  Move over 4G, IoT and 5G will be the flavour of 2017: Trai chairman
Ø  Myntra’s app-only move slowed down FY16 sales growth
Ø  Prem Watsa’s Fairfax takeover bid for CSB gets RBI approval
Ø  Aditya Birla Idea Payments Bank to launch in first half of 2017
Ø  RBI moots an ombudsman for NBFCs
Financial Express

Financial Chronicle
Ø  M Venkaiah Naidu dismisses reports India lobbied for better ratings
Ø  Markets settle with decent gains on expiry day; Sensex soars 155.47 pts
Ø  Solar power, green corridor blip on energy radar for 2017
Ø  Govt proposes setting up Financial Data Management Centre
Ø  Pay to rise for millions as 19 states increase minimum wage

Ø  RBI says no to RTI query on note ban
Ø  Chana the bad apple in bunch of cheap pulses
Ø  Algo glitch may mar NSE IPO
Ø  Market likely to overcome DeMo impact in 2017
Ø  Jaitley sings paeans to economy as note ban ends
Ø  NSE extends concessional transaction fee in equity derivatives

Wednesday, 21 December 2016

Economic Times
Business Standard

Ø  RBI exempts KYC-compliant a/cs from interrogation
Ø  Tata Group was in talks with Voda for consolidation
Ø  Oil seen at $100 by end 2018 in lottery ticket options trade
Ø  GST Council to consider model laws today
Ø  Just 1% Indians pay Income Tax: NITI Aayog CEO
Ø  Texmaco, Kalindee Rail get Delhi HC nod for merger
Ø  Banks to again auction Kingfisher Villa today
Ø  Govt waives transaction fee on electronic transfer
Ø  Bank recapitalisation plan on course
Ø  Monetary Policy Committee agreed on no rate cut
Ø  RCom completes tower arm sale to Brookfield Infra for $1.6 bn
Ø  Currency worth Rs 5.92 lakh cr issued since demonetisation
Ø  Govt clears ordinance to let companies pay salary via e-mode, cheque
Ø  Nomura growth indices plunge to lowest level since 1996

Business Line
Mint

Ø  RBI monetary policy panel puts focus on inflation as global risks mount
Ø  PE firm Advent buys 41% stake in ASK Group for ₹848 crore
Ø  BSE Brokers Forum ropes in CEOs of PhillipCapital, Zerodha to its board
Ø  Pulse buffer-stock seen missing 20-lakh-tonne target
Ø  IDS disclosure figures to be revised lower to Rs. 55,000 cr
Ø  Gujarat farmers return to isabgol with an eye on export market
Ø  Cyrus Mistry wants RataTata restrained from attending board meetings
Ø  By 2020, 50% of Tech Mahindra’s business will come from IT: CEO CP Gurnani
Ø  TDK agrees to buy InvenSense for about $1.3 billion in cash
Ø Demonetisation drives up card swipes but average value falls: SBI report
Ø  EC to ask tax authorities to look into finances of 200 political parties

Financial Express
Financial Chronicle

Ø  India's crackdown on cash imperils pivotal national tax reform
Ø  Google employee sues company for conducting 'spying program': report
Ø  Nokia sues Apple for infringing technology patents
Ø  BSNL customers to get 0.75% discount on e-payment of bills
Ø  ATM, high-value cash withdrawals to attract handling charge
Ø  Power secy Pujari, Shaktikanta Das in Sebi chief race
Ø  Another independent director Darius Pandole quits TGBL board
Ø  RBI slaps fine on 5 foreign banks for violating FEMA rules

  1. Ø  Govt, bank unions on collision course.... SHUBODAYAM... BLOOM

Tuesday, 20 December 2016

Business Standard

Ø  Ordinance likely for wage payment via e-mode, cheque

Ø  Vedanta slapped with $100 mn settlement in UK court

Ø  Note ban may yield lasting benefits: Crisil

Ø  Tata Steel EGM to decide on Nusli Wadia today

Ø  'Bringing back foreign stash will be real test of will'

Ø  Bajaj Hindusthan to sell power biz to gr firm for Rs 1800 cr

Ø  GCPL fully acquires Kenyan co Charm Industries

Ø  Fitch downgrades RCom to B+, placed its IDRs on Watch Negative


Ø  Govt plans tax exemption threshold for political parties

Ø  Diversify market and currency risk with US funds

Ø  For Rs 500 note, RBI pays Rs 3.09; Rs 3.54 for Rs 2,000 note

Ø  GM to hike prices by up to Rs 30,000 from January

Ø  Reliance Home Finance to raise Rs 3,500 cr through NCDs

Ø  I-T dept detects Rs 3,185 cr black income; seizes Rs 86 cr in Rs 2,000 notes

Ø  Cognizant buys Norwegian unit, boosts operations in oil and gas

Ø  Treasury gains may help banks offset Q3 pressure

Business Line

Mint
Ø  Rupee dives to 68.05 against dollar

Ø  Airtel to acquire Orascom’s stake in MENA undersea cable firm

Ø  AMFI bats for US’ 401(k)-like product in Budget proposals

Ø  IDS-II to fund Pay Commission hikes, PSU bank recap: BofA-ML

Ø  PFC to offer TV sets for 1,600 villages in Arunachal

Ø  ‘Developers of new SEZs need security clearance from Home Ministry’


Ø  Banks unions call for agitation over note ban-related issues

Ø  Cyrus Mistry moves National Company Law Tribunal against Tata Sons

Ø  Arun Jaitley says RBI prepared to deal with currency shortage beyond 30 December

Ø  PSU banks seek higher capital infusion from govt

Ø  Delinquencies in medium-heavy commercial vehicles to rise if IIP fall continues

Financial Express

Financial Chronicle
Ø  Demonetisation: Bank deposits may be subjected to investigation

Ø  High Court asks Service Tax Department to revalue Vijay Mallya's plane

Ø  UTI confident of IPO in H2 of '17; to use proceeds for buyouts

Ø  In Trump cabinet, Commerce Secretary will run trade policy


Ø  Axis Bank assures govt of action against errant officials

Ø  Mistry says no chance of truce, vows to 'fight' it out

Ø  Bourses get more time for mechanism to monitor brokers

Ø  Jaitley bats for outsourcing of railways' non-core functions

Ø  LPG subsidy:I-T to inform Oil Min on taxpayers earning over Rs 10L.... SHUBODAYAM...BLOOM

Monday, 19 December 2016

Economic Times



Business Standard

Ø  Urjit Patel to brief Parliament panel on demonetisation

Ø  'New biz models can improve efficiency in aviation'

Ø  Fresh merger structure to IRDA by Max Life-HDFC Life

Ø  Banks to again auction KF House,Villa at lower prices

Ø  We want to create world class Indian brands: ITC COO

Ø  Banks want tax incentives to promote digital banking

Ø  Short-term pain of note ban to yield big gains



Ø  Post-demonetisation, Indian Bank mobilised Rs 29,115 cr deposits

Ø  Ban on tobacco FDI might protect domestic industry from competition: Experts

Ø  Prospects of rate cut bleak as dollar, crude rise: Assocham

Ø  Of 24 life insurers, only 19 post profits in FY16: IRDAI

Ø  ONGC Videsh raises $1 bn in bonds to fund Vankor acquisition

Ø  Tata Sons should be listed, say Mistry, Wadia camps

Business Line



Mint

Ø  Steel prices to go up by ₹6,000 a tonne in Jan

Ø  YES Bank, Ola tie up to provide cash at your doorstep

Ø   Coal imports may remain weak in Dec on notes ban, firm prices

Ø  PF body likely to retain 8.8% interest on EPF deposits for FY17

Ø  Court refuses to quash summons against Unitech directors

Ø  Godrej Appliances to foray into air purifiers



Ø  GST rollout may be pushed to July as industry needs time: experts

Ø  Axis Bank's Shikha Sharma says embarrassed over handful of employees

Ø  BP takes Abu Dhabi oil field stake for $2.2 billion in stock

Ø  EC seeks ban on anonymous contributions to parties above Rs2000

Ø  Venezuela postpones currency move after chaos, protests

Financial Express



Financial Chronicle

Ø  NMDC invests Rs 1,222 crore to set up Nagarnar steel plant

Ø  Note ban may leave 48.63 lakh jobless in unorganised sector: Ajay Maken

Ø  Lack of preparedness by govt led to cash crisis: Subramanian Swamy

Ø  About 30 percent fall in demand post demonetization: Raymond



Ø  4 Tata firms to vote on Mistry's removal as director this week

Ø  Jaitley hints not all scrapped currency will be remonetised

Ø  SC with govt on old notes issue;refers demonestisation move to Const bench

Ø  The only issue is on sharing burden of assessment: Jaitley on GST.... SHUBODAYAM...BLOOM

Saturday, 17 December 2016

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Hyderabad Mutual Funds, TATA Mutual Funds on Global Events



Global Events: Impact and Implications The global economy is a dynamic system of connected nations, each growing at a different pace, yet impacting and being impacted by developments in the others. The nature of linkages is constantly changing with changes in the economic and social structures of individual economies. In order to form a view of global macro economic trends, one needs knowledge of key economic events, their effects, and the policy responses. One can then evaluate their impact on trade, capital markets, labour market, and demography. This workshop will focus on discussing global macro economic trends with respect to growth, trade, inflation, and financial markets. You will learn about the connections between advanced and emerging economies, and how policy decisions and events in one country can impact several seemingly unrelated economies. You will be able to apply this knowledge to assess if and how events and decisions from outside the borders of a country can influence its economic progress. 1. Trends in Global Growth and Trade 2. Unconventional Monetary Policy and Lowflation in Advanced Countries 3. Key Macro Events to Watch: Brexit, US Elections, Slowdown in China 4. Emerging Economies: Growth and Prospects 5. India's position in the global scenario

Tuesday, 13 December 2016

🔹Business Standard

Ø  Note ban likely to fetch government Rs 2.5 lakh crore:KV Kamath

Ø  Not taken any step to cancel Axis Bank licence: RBI

Ø  Energy innovation is focus of Bill Gates-led $1 bn fund

Ø  RBI asks banks to maintain records of new currency

Ø  EPFO likely to hike monthly wage ceiling to Rs 25K

Ø  Investors rush to put money in MF as deposit rates fall

Ø  Singh bros in talks with TPG to sell 26% in Fortis

Ø  FPIs shunning Indian debt for other markets

Ø  IT ministry asks telcos for cashless action plan

Ø  Support for demonetisation declining among citizens: Survey

Ø  Discount on petrol, diesel buy via digital mode from midnight

Ø  'Undisclosed buyer' to buy 1.73% in Tata Motors on Tuesday

Ø  Foreign investors in bond-selling frenzy

Ø  Glenmark eyes big growth in US with cholesterol drug launch

Business Line


Mint

Ø  PE, venture capital investments slump 50% in Nov

Ø  Govt to notify scheme for taxing black money holders this week

Ø  Sun Pharma, Moebius tie-up to develop osteoarthritis pain drug

Ø  Anti-dumping duty on steel pipes from China mooted

Ø  Gujarat Ambuja Exports to mull buyback

Ø  GAIL gets extension for pipeline

Ø  Petrol, diesel payment using cards to get discount from midnight: IOC

Ø  Bharti Airtel toes Reliance Jio line on bundled tariff plans

Ø  DLF’s debt woes to linger as stake sale deal gets delayed

Ø  Oil prices jump to 18-month high as OPEC and rivals agree on historic deal

Ø  Axis Bank to raise Rs3,500 crore through NCDs

Ø  Bill Gates, other super-rich back $1 billion energy fund

Financial Express


Financial Chronicle

Ø  China's bond default risks set to rise in 2017: Chengxin

Ø Indebtedness higher in villages at 31.1% than 22.4% in cities

Ø  Modi government stings 500 bank branches; bad days ahead for corrupt bankers

Ø  India's MRO sector growing fast, revenues pegged at $975 million

Ø  UK to cut student visas by half: Report

Ø  Mistry removed as Tata Industries director, no more chairman

Ø  MFs emerge as counterweight to FPIs in equity market

Ø  Uttar Pradesh garners maximum deposits under Jan Dhan

Ø  Aadhar may levy tax on banks

Ø  India's coal demand to see biggest growth globally

Ø  Tata Motors to hike passenger vehicle prices by up to Rs25,000..... SHUBODAYAM..tsv..Bloom

Monday, 12 December 2016

Economic Times



Business Standard

Ø  Note ban likely to fetch government Rs 2.5 lakh crore:KV Kamath

Ø  Not taken any step to cancel Axis Bank licence: RBI

Ø  Energy innovation is focus of Bill Gates-led $1 bn fund

Ø  RBI asks banks to maintain records of new currency

Ø  EPFO likely to hike monthly wage ceiling to Rs 25K

Ø  Investors rush to put money in MF as deposit rates fall

Ø  Singh bros in talks with TPG to sell 26% in Fortis



Ø  FPIs shunning Indian debt for other markets

Ø  IT ministry asks telcos for cashless action plan

Ø  Support for demonetisation declining among citizens: Survey

Ø  Discount on petrol, diesel buy via digital mode from midnight

Ø  'Undisclosed buyer' to buy 1.73% in Tata Motors on Tuesday

Ø  Foreign investors in bond-selling frenzy

Ø  Glenmark eyes big growth in US with cholesterol drug launch

Business Line



Mint

Ø  PE, venture capital investments slump 50% in Nov

Ø  Govt to notify scheme for taxing black money holders this week

Ø  Sun Pharma, Moebius tie-up to develop osteoarthritis pain drug

Ø  Anti-dumping duty on steel pipes from China mooted

Ø  Gujarat Ambuja Exports to mull buyback

Ø  GAIL gets extension for pipeline



Ø  Petrol, diesel payment using cards to get discount from midnight: IOC

Ø  Bharti Airtel toes Reliance Jio line on bundled tariff plans

Ø  DLF’s debt woes to linger as stake sale deal gets delayed

Ø  Oil prices jump to 18-month high as OPEC and rivals agree on historic deal

Ø  Axis Bank to raise Rs3,500 crore through NCDs

Ø  Bill Gates, other super-rich back $1 billion energy fund

Financial Express



Financial Chronicle

Ø  China's bond default risks set to rise in 2017: Chengxin

Ø Indebtedness higher in villages at 31.1% than 22.4% in cities

Ø  Modi government stings 500 bank branches; bad days ahead for corrupt bankers

Ø  India's MRO sector growing fast, revenues pegged at $975 million

Ø  UK to cut student visas by half: Report



Ø  Mistry removed as Tata Industries director, no more chairman

Ø  MFs emerge as counterweight to FPIs in equity market

Ø  Uttar Pradesh garners maximum deposits under Jan Dhan

Ø  Aadhar may levy tax on banks

Ø  India's coal demand to see biggest growth globally

Ø  Tata Motors to hike passenger vehicle prices by up to Rs25,000

Thursday, 8 December 2016

Economic Times

Business Standard
Ø  SAIL reports net loss of Rs 732 crore for Q2 FY17
Ø  JSPL's net loss narrows to Rs 746 cr in Jul-Sept qtr
Ø  ECB to extend QE programme but at lower rate of 60 billion euros a month
Ø  Reserve Bank may cut rate by 25-75 bps in 2017

Ø  Bharti Airtel slashes prepaid tariffs to compete with Jio
Ø  Metal shares gain; Vedanta hits 52-week high, Tata Steel up 5% intraday
Ø  BSE Auto index soars over 500 points intra-day
Ø  Sun Pharma gains after falling 6% on Wednesday
Business Line

Mint
Ø  Crop worry: Centre scraps import duty on wheat to ease supply, check prices
Ø  Gold recovers by Rs 110 on global cues, spot market demand
Ø  No service tax on credit, debit card transactions up to Rs. 2,000
Ø  GMR Infra net loss widens to Rs. 700.34 cr

Ø  Note ban impact: Auto sales slide for the first time in 11 months
Ø  Sensex surges 457 points on global cues
Ø  InGovern tells shareholders to vote against Tata resolution to remove Mistry
Ø  Discounts for petrol, life insurance in push for digital transactions
Financial Express

Financial Chronicle
Ø  GST Council may reduce tax slabs in future: CBEC chief Najib Shah
Ø  Flipkart and Ola benefitted from foreign capital, now want protection from it
Ø  Oil prices rise on US crude stock decline, weaker dollar

Ø  ICICI moves US court to recover loans from Essar
Ø  Honda Cars sales slip by 20-30% after demonetisation
Ø  IL&FS to raise more than Rs 10K c..... SHUBODAYAM...BLOOM

Tuesday, 6 December 2016

Economic Times

Business Standard
Ø  Ordinance route likely to cancel unreturned currency
Ø  EU clears Microsoft's $26 bn buy of LinkedIn
Ø  Rupee jumps 31 paise to 67.90 on eve of RBI meet
Ø  India, China to maintain Asia's growth rate in 2017: ADB
Ø  Townsville to be Adani’s Australian coal mine base
Ø  FIIs invest 50 bn in bonds, but remain cautious
Ø  Mistry derides Tata's 'capricious decision-making'
Ø  Indian lenders sue Essar for default in US Project

Ø  Barclays' exit from energy trading stirs concerns over liquidity
Ø  New Rs 100 notes from RBI soon, older notes to continue as legal tender
Ø  Govt targets bankers involved in money laundering
Ø  CCI dismisses complaint against DLF
Ø  Income disclosure schemes 20 years apart yield roughly the same
Ø  Sudan holds up licence extension for ONGC's overseas arm
Ø  US fines Deloitte record $8mn over audit fraud in Brazil
Business Line

Mint
Ø  Corporate tax may be cut by 1-1.5 percentage point
Ø  RBI eases authentication norms for online transactions up to Rs.2,000
Ø  NeuroEquilibrium in talks to raise $2 m in Series A
Ø  Asia Index launches S&P BSE Sensex 50 Index
Ø  Laurus Laboratories IPO subscribed 0.28 times on Day 1
Ø  BRICS nations vow to share tax information automatically

Ø  Govt asks banks to install additional 10 lakh PoS terminals within 4 months
Ø  ABN Amro to sell $20 billion of Asia, Middle East banking assets to LGT
Ø  Cash crunch nearly freezes dabba, grey market trading
Ø  Reliance Jio revenue, subscriber forecasts boosted by brokerages
Ø  RBI to banks: Follow due diligence for activating dormant accounts
Financial Express

Financial Chronicle
Ø  Scope for further monetary easing on softer inflation: Fitch
Ø  Independent directors were appreciative of Cyrus Mistry's work: Tata Power
Ø  GoDaddy to buy Host Europe for $1.82 billion
Ø  Allow DCCBs to accept old notes: NCUI-led delegation to government
Ø  CBDT points out at cases with serious irregularities detected post demonetisation to ED, CBI

Ø  Tax dept seizes Rs 130 cr cash, jewellery post demonetisation
Ø  Just depositing black money doesn't make it white: Adhia
Ø  Panama papers: Brics working to get bank details
Ø  Over Rs 12.6 lakh crore comes back to banks
Ø  NBFCs have a big role in helping India’s cashless transit
Ø  Nine more PSUs poised to issue bonus shares... SHUBODAYAM...BLOOM

Sunday, 4 December 2016

🔹Business Standard

Ø  'India may still be the fastest-growing economy'

Ø  PE Funds, SWFs queue up for a slice of SBI Life

Ø  World Trade Organization environmental trade talks fail

Ø  RBI Governor may cut rate by 0.25% in policy review

Ø  India takes pride of place, crosses $300 bn FDI mark

Ø  Government unlikely to implement DBT in kerosene

Ø  Bankers want to shut shop till there’s enough cash

Ø  Tata Steel closes in on UK plant deal: Report

Ø  Direct tax incentives likely in Budget

Ø  China's biggest carmaker SAIC Motor to drive into India

Ø  Nusli Wadia likely to make 3 Tata EGMs tougher

Ø  Govt extends MIP on select steel products till February 4

Ø  China's biggest carmaker to drive into India

Ø  ONGC crosses daily production target; revises annual goal

Ø  CBI registers fresh case against Prakash Industries in coal

Business Line

Mint
Ø  ESIC hikes wage limit to bring more workers under net

Ø  NSDL to allow up to three nominations in single demat a/c

Ø  Oil companies gear up for less cash economy

Ø  M&M board okays demerger of MTWL’s two-wheeler undertaking

Ø  Jan Dhan deposits stabilise; a/cs get Rs. 1,487 cr in 7 days

Ø  Demonetisation crushes green shoots in rural India

Ø  Digital payments: Single UPI platform in offing for banks

Ø  Centre, states to list industries for cashless wage payment

Ø  Govt must up public expenditure to push consumption: Assocham

Ø  Almost 3/4th of Rs500, Rs1000 notes deposited in banking system

Ø  Cyrus Mistry ouster: LIC, other DIIs likely to abstain from Tata EGM voting

Financial Express

Financial Chronicle
Ø  RBI to issue new Rs 20, Rs 50 banknotes; old currency notes continue to be legal tender

Ø  IT department rejects declarations of Rs 2 lakh crore, Rs 13,000 crore; revises IDS amount

Ø  Retailers asked to accept old Rs 500 note for recharges: COAI

Ø  Rs 10 incentive for individuals who transit to digital payment mode

Ø  Global economy is on a path of protracted growth acceleration

Ø  Rice prices may remain stable despite record production

Ø  Maha govt forms taskforce to review and coordinate NSEL scam

Ø  Experts fear China’s wrath as Trump calls Taiwan Prez

Ø  FM promises higher & ‘cleaner’ GDP after demonetisation woes.... SHUBODAYAM...BLOOM

Friday, 2 December 2016



🔹Business Standard

Ø  Reliance Jio’s free data offer to march into next year

Ø  Realty investment trusts have $77bn opportunity in India

Ø  RBI caps banks’ loan exposure to large borrowers

Ø  World-beater status at risk as India rebuts threat to GDP

Ø  Aadhaar no. could soon replace all card transactions

Ø  Apple plans to set up a distribution centre in India

Ø  Bear operators trapped after Opec's first joint oil cut

Ø  Auto sales ride past the potholes of currency purge

Ø  Note ban shadow over GST Bill

Ø  HC seeks RBI clarification in Tata-DoCoMo case

Ø  Huge amount of old notes deposited: Centre to SC

Ø  China manufacturing growth in November strongest in 2 years

Business Line


Mint

Ø  Compact segment drives Maruti sales up 14% in November

Ø  Mahindra sales down 22% at 32,499 units in Nov

Ø  NSE extends currency derivative concession till Dec 31

Ø  Dumping duty imposed on axle for trailers from China

Ø  Crisil cuts GDP forecast to 6.9% on note crunch

Ø  BHEL commissions first unit of Pulichintala hydel project

Ø  IFC invests Rs450 crore for 29% stake in Apollo Health

Ø  Quadria Capital to fully deploy $300 million fund by March-end

Ø  SBI, LIC pension funds bid lowest for fund management under NPS

Ø  IRDA allows insurers to invest in additional tier 1 bonds

Financial Express


Financial Chronicle

Ø  CCI okays Essar Oil’s $13-bn deal with Russia’s Rosneft

Ø No old Rs 500 notes for fuel from Saturday, toll collection to resume

Ø  Indian Rupee softens 13 paise against dollar in early trade

Ø  ESIC launches tele-medicines services for Northeast

Ø  China, Japan offer business upside for IT firms: Kris Gopalakrishnan

Ø  RBI warns banks/public against misinformation on social media

Ø  1.80 lakh ATMs re-calibrated to dispense Rs 500, 2,000 notes

Ø  Govt approves new visa to attract foreigners, boost trade

Ø  No limit on legitimate gold holding; 500gm cap on married women

Ø  $1b FDI in food retail expected, France’s Auchan keen on India

Ø  Banks might charge you for ATM resetting adding to cash worries..... SHUBODAYAM...BLOOM