Half of all ₹2k notes returned
Mint Mumbai|June 09, 2023
Indians have so far returned around half of the ₹2,000 notes in circulation, with 85% deposited in banks and the remainder exchanged by customers, Reserve Bank of India (RBI) governor Shaktikanta Das said on Thursday.
Shayan Ghosh
Half of all ₹2k notes returned

The total value of ₹2,000 banknotes in circulation declined to ₹3.62 trillion or 10.8% of notes in circulation on 31 March from ₹6.73 trillion on 31 March 2018, constituting 37.3% of notes in circulation, according to RBI data. “After the announcement that we made, so far, about ₹1.8 trillion of ₹2,000 notes have come back, and this is roughly 50% of such notes in circulation on 31 March,” he said.

Das said RBI is still reconciling the data on how much of this ₹1.8 trillion has been deposited into bank accounts and how much has been exchanged. However, according to provisional numbers, about 85% of this comes from bank deposits.

この記事は Mint Mumbai の June 09, 2023 版に掲載されています。

7 日間の Magzter GOLD 無料トライアルを開始して、何千もの厳選されたプレミアム ストーリー、9,000 以上の雑誌や新聞にアクセスしてください。

この記事は Mint Mumbai の June 09, 2023 版に掲載されています。

7 日間の Magzter GOLD 無料トライアルを開始して、何千もの厳選されたプレミアム ストーリー、9,000 以上の雑誌や新聞にアクセスしてください。

MINT MUMBAIのその他の記事すべて表示
Green steel may get a push with output, purchase mandates
Mint Mumbai

Green steel may get a push with output, purchase mandates

The Centre is working on green steel mandates for the local steel industry, supported by government procurement and financial incentives, as the world's second-largest maker of the alloy seeks to prepare the sector for the future.

time-read
2 分  |
November 18, 2024
RBI action on personal loans, KYC takes toll on off-roll work
Mint Mumbai

RBI action on personal loans, KYC takes toll on off-roll work

The Reserve Bank of India's (RBI) push for stricter compliance with know-your-customer (KYC) norms, and its crackdown on the surge in personal loans have had an unlikely fallout: a dip in demand for off-roll workers.

time-read
2 分  |
November 18, 2024
Investors are betting on a market melt-up
Mint Mumbai

Investors are betting on a market melt-up

A roaring market rally since the U.S. presidential election has driven up the price of everything from shares of technology and manufacturing giants to cryptocurrencies.

time-read
4 分  |
November 18, 2024
India in economic sweet spot, inflation to moderate: Moody's
Mint Mumbai

India in economic sweet spot, inflation to moderate: Moody's

India's economy is in a sweet spot and its inflation is expected to moderate despite a temporary spurt, Moody's said, projecting optimism about the country's growth prospects despite recent underwhelming data.

time-read
2 分  |
November 16, 2024
Incentive engine to drive modern ships
Mint Mumbai

Incentive engine to drive modern ships

Subsidies for green, high-tech ships under ₹18,000 cr policy

time-read
2 分  |
November 16, 2024
Cement firms wage war on costs as competition soars
Mint Mumbai

Cement firms wage war on costs as competition soars

India's cement makers who once flexed their pricing muscles are caught in a bruising price war, eroding margins at a time of rising demand.

time-read
3 分  |
November 16, 2024
Saudi Arabia doesn’t have enough money for its futuristic city
Mint Mumbai

Saudi Arabia doesn’t have enough money for its futuristic city

The giant futuristic planned city of Neom is proving a headache for Saudi Arabia. Costs are up, schedules are delayed, and in recent days the world’s largest construction project replaced its chief executive of six years.

time-read
4 分  |
November 16, 2024
EV adoption is a marathon, not a sprint: Audi India
Mint Mumbai

EV adoption is a marathon, not a sprint: Audi India

The slowdown in electric vehicle (EV) sales is temporary, and the industry will grow over time, Audi India head Balbir Singh Dhillon said, pointing to the need for extensive charging networks and supportive government policies.

time-read
2 分  |
November 16, 2024
India's trade gap with China soars in Apr-Oct
Mint Mumbai

India's trade gap with China soars in Apr-Oct

The country's green transition increases reliance on Chinese imports

time-read
2 分  |
November 16, 2024
14 nations eye India's generic drug model
Mint Mumbai

14 nations eye India's generic drug model

Countries will specify their requirements, with HLL and MEA coordinating with them for the pharma exports

time-read
1 min  |
November 16, 2024