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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 

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.

The Reserve Bank of India (RBI) has withdrawn its previous directive that required deposits above Rs 5,000 in old currency notes to be explained to bank officers. What do you make of this? A: We have been pleading before RBI and Ministry of Finance that ...

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