Page 4 - 2000 Notes News Today

Deposits rose 13 per cent in the reporting fortnight and sequentially, it expanded by 3.2 per cent to Rs 191.6 lakh crore and in absolute terms, deposits rose by Rs 22 lakh crore in the trailing 12-month period when it had stood at Rs 185.7 lakh crore.

On July 4, the excess liquidity, as reflected by the amount of money absorbed by the Reserve Bank of India (RBI), stood at Rs 2.3 lakh crore- highest in one month. The central bank absorbed Rs 2.22 lakh crore of surplus liquidity on July 3, RBI data showed.

The Reserve Bank of India (RBI) on Monday said that as much as 76 per cent of the total number of Rs 2,000 notes in circulation have been returned to banks.

The Delhi High Court on Monday dismissed a Public Interest Litigation (PIL) petition challenging the decision of the Reserve Bank of India (RBI) to withdraw ₹2,000 currency notes from circulation.

“It was a transitory kind of note to fill in the value which was lost in demonetisation," said Sudhakar Kaza, former managing director of Bharatiya Reserve Bank Note Mudran Private Ltd, the division of RBI which prints banknotes.

Following these claims, the central bank has urged the public to rely on the information published by itself in cases pertaining to such matters

Currency with the public is arrived at after deducting cash with banks from total currency in circulation. Currency in circulation refers to cash or currency within a country that is physically used to conduct transactions.

Reserve Bank Governor Shaktikanta Das on Thursday said about 50 per cent of Rs 2,000 notes in circulation has come back in the banking system since the RBI...

Governor Shaktikanta Das of the Reserve Bank of India (RBI) addressed speculations on Thursday, stating that the central bank has no intention of withdrawing Rs 500 notes from circulation or reintroducing Rs 1,000 notes. During a press conference unveiling the second bi-monthly monetary policy for FY24, Das urged the public not to engage in speculative discussions.

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