SBI

Photo: Business Line

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. 

Mon, 19 Jun 2023 - 12:25 PM / by Varsha Joshi

Tags: RBI Notice, Rs 2, 000 Notes, SBI, Consumer Consumption, Indian Economy

Courtesy: Business Today

Rs 2000 notes

Photo: India Today

Delhi HC Lists PIL Against Rs 2,000 Note Withdrawal By RBI On May 29

The Delhi court, which was hearing a PIL challenging the RBI's decision to withdraw the banknote from circulation, posted the matter for hearing on May 29. The withdrawal of Rs 2000 denomination banknotes from circulation was a “currency management exercise”, said RBI. A bench headed by Chief Justice Satish Chandra Sharma is reviewing the matter, and asked the RBI to defer the decision of the withdrawal of Rs 2,000 notes.

Fri, 26 May 2023 - 05:29 PM / by Varsha Joshi

Tags: Delhi HC, Indian government, RBI, Rs 2, 000 note

Arvind Kejriwal

Photo: India Today

Arvind Kejriwal Takes Dig At PM Modi Over Rs 2,000 Ban

Delhi CM Arvind Kejriwal took a dig at PM Narendra Modi over the Reserve Bank of India (RBI) sudden withdrawal of Rs 2,000 notes. “First they said that by bringing 2000 notes, corruption will stop. Now they are saying that by banning 2000 notes, corruption will end. That's why we say, PM should be educated." The statement came after RBI said Rs 2,000 circular will stop from September 30.read-more

Sat, 20 May 2023 - 09:34 AM / by Varsha Joshi

Tags: RBI Ban, Arvind Kejriwal, Rs 2, 000 note, PM Modi, Educated PM

Courtesy: Hindustan Times