SBI Says Rs 2,000 Deposit Increased Consumption
State Bank of India (SBI), in its latest report, has said that the withdrawal of Rs 2,000 banknotes would have a significant impact on deposits, credits and consumption. It said that consumer demand might be front-loaded by Rs 55,000 crores. The boost in consumption came amid the circulation withdrawal, of Rs 2,000 notes, which will still be a legal tender, in effect from September.
Tags: RBI Notice, Rs 2, 000 Notes, SBI, Consumer Consumption, Indian Economy
Courtesy: Business Today