Give answers on note ban in writing, an unhappy PAC tells RBI governor

Unsatisfied with the responses of Reserve Bank of India (RBI) Governor Urjit Patel to specific queries on demonetisation, the Public Accounts Committee (PAC) of Parliament on Friday asked him to furnish written replies to the concerns expressed by the members within two weeks and appear before the panel again.

Patel, along with Deputy Governor R Gandhi and other senior functionaries, appeared before PAC for oral evidence on “Review of Monetary Policy”. The governor did not give specific answers on who initiated the note ban, how much cash had come back into the banks and when the cash supply situation would