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'Demonetisation may have cost banks Rs 3,000 cr per day'

Have written to RBI to provide bank-wise, city-wise cash distribution details

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Demonetisation

Nitin Sethi & Ishan Bakshi  |  New Delhi 



HARVINDER SINGH, general secretary of the All India Bank Officers Confederation
Harvinder Singh, general secretary of the All India Bank Officers Confederation

On Wednesday, the Reserve Bank of India (RBI) withdrew its previous directive that required deposits above Rs 5,000 in old currency notes be justified to two bank officers. To understand the impact of this move, Business Standard spoke to the HARVINDER SINGH, general secretary of the All India Bank Officers Confederation.

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First Published: Thu, December 22 2016. 09:40 IST


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