May 04, 2024 07:28 (IST)
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Liquidity in banks likely to cross estimate of Rs 1 trillion as per market trends show 80% of the total Rs 2000 notes are deposited: SBI report

Liquidity in banks likely to cross estimate of Rs 1 trillion as per market trends show 80% of the total Rs 2000 notes are deposited: SBI report

Mumbai: Around 80% of the total Rs 2000 notes received are deposited and the rest 20% are exchanged for smaller denominations as per market trends. Even if a fraction of these trends is extrapolated at the banking level, the liquidity in the banking system will shoot much higher compared to previous estimates of around Rs 1 trillion bulge in deposits even if a fraction, said SBI Ecowrap report on Tuesday.

Over 99 percent of demonetised currency returned: RBI

Over 99 percent of demonetised currency returned: RBI

New Delhi, Aug 29 (IBNS): The Reserve Bank of India on Wednesday said that more than 99 percent of the old Rs. 500 and Rs. 1000 notes, which were banned by the Centre in 2016, have returned.