New Rs 500, Rs 2,000 notes were approved in June 2016: Urjit Patel

Patel to appear before parliamentary panel again on May 25 as gaps in his written responses remain

The government approved the new design currency notes of Rs 500 and Rs 2,000 denominations on June 7, 2016.

This was five months before Prime Minister Narendra Modi announced, on November 8, demonetisation of the earlier Rs 500 and Rs 1,000 notes, Reserve Bank (RBI) Governor Urjit Patel told a parliamentary panel.

Patel had appeared on January 18 before the Standing Committee on Finance and made a verbal presentation on the controversy. However, as several members were not satisfied, the panel had asked Patel for written responses to these concerns. A copy of these, given recently to the panel, have been accessed