On 7th anniversary of demonetisation, Congress reminds its futility
RBI withdrew ₹2,000 notes, due to it being faked and counterfeited in high numbers, says Congress leader Jairam Ramesh.
RBI withdrew ₹2,000 notes, due to it being faked and counterfeited in high numbers, says Congress leader Jairam Ramesh.
96% of the ₹2,000 banknotes in circulation as of May 19, 2023, have come back to the banking system.
There is surplus liquidity due to the withdrawal of ₹2,000 banknotes, 87% of which have come back into the system as bank deposits, says RBI governor
"As per our estimate consumption demand may be frontloaded by Rs 55,000 crore," says SBI chief economic adviser Soumya Kanti Ghosh
About 85% of ₹2000 notes have come back as deposits, says Shaktikanta Das
₹500 and ₹2000 notes together accounted for 87.9% of the total value of banknotes in circulation as on March 31, 2023.
A division bench of the Delhi High Court dismisses plea filed by Bharatiya Janata Party (BJP) leader and advocate Ashwini Upadhyay
RBI has told banks to maintain daily data on deposits and exchange of ₹2000 banknotes
RBL Bank does not see any significant risks to inflation with the withdrawal of ₹2000 notes.
₹2000 denomination notes will continue to be legal tender