The total value of specified bank notes returned from circulation during 2016-'17 was Rs 15,310.73 billion, Minister of State for Finance Anurag Thakur informed the Lok Sabha in a written reply on Monday.
On November 8, 2016, the Centre had invalidated Rs 500 and Rs 1,000 notes and introduced new Rs 500 and Rs 2,000 notes in a bid to fight terror funding and money laundering.
Responding to another question on non-performing assets (NPAs) in percentage term and the total GDP at the end of demonetisation and till date, Thakur said: "Gross NPA of scheduled commercial banks to gross advances, as per the RBI data on global operations, was 9.20 per cent as on 31.12.2016 and 9.08 per cent as on 31.3.2019."
The Minister said that the GDP at current market prices in the years 2016-2017, 2017-2018 and 2018-2019 (provisional estimate) were Rs 1,53,62,386 crore, Rs 1,70,95,005 crore and Rs 1,90,10,164 crore, respectively.
Disclaimer: No Business Standard Journalist was involved in creation of this content
You’ve reached your limit of {{free_limit}} free articles this month.
Subscribe now for unlimited access.
Already subscribed? Log in
Subscribe to read the full story →
Smart Quarterly
₹900
3 Months
₹300/Month
Smart Essential
₹2,700
1 Year
₹225/Month
Super Saver
₹3,900
2 Years
₹162/Month
Renews automatically, cancel anytime
Here’s what’s included in our digital subscription plans
Exclusive premium stories online
Over 30 premium stories daily, handpicked by our editors
Complimentary Access to The New York Times
News, Games, Cooking, Audio, Wirecutter & The Athletic
Business Standard Epaper
Digital replica of our daily newspaper — with options to read, save, and share
Curated Newsletters
Insights on markets, finance, politics, tech, and more delivered to your inbox
Market Analysis & Investment Insights
In-depth market analysis & insights with access to The Smart Investor
Archives
Repository of articles and publications dating back to 1997
Ad-free Reading
Uninterrupted reading experience with no advertisements
Seamless Access Across All Devices
Access Business Standard across devices — mobile, tablet, or PC, via web or app