Rs 2000 Note Deposit: SBI Receives Rs 14,000 Cr So Far

The Reserve Bank of India’s (RBI) decision of withdrawal of the Rs 2,000 denomination currency note has created a deposit of Rs 14,000 crore in the State Bank of India (SBI). This was stated by the chairman of SBI, Dinesh Khara on Monday.

Khara was addressing an event, where he further notified that Rs 3,000 crore was exchanged through its network, as the currency withdrawal continues to be a legal tender with a fair window for exchange. So far, there is no anxiety among the people.

The Global Medium Note Programme on India, INX's global securities market (GSM) at GIFT IFSC in Gandhinagar has listed SBI’s foreign currency bonds of USD 750 million under its USD 10 billion developing the bank’s international expansion.

Khara expressed his gratitude toward the programme as it is likely to give a push for export-oriented manufacturing.