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SBI report says 2000 rupee note withdrawal a non-event; to have favourable impact on deposits and yields

SBI report says 2000 rupee note withdrawal a non-event; to have favourable impact on deposits and yields

May 24, 2023, at 03:00 am

Mumbai: The withdrawal of 2000 rupee note is likely to be a non-event as digital payment in India has been witnessing new milestones, in both value and volume terms, indicating the robustness of our payment ecosystem and acceptance by a wide stratum of consumers, according to an SBI report.

Rs 2,000 notes Exchange: SBI issues guidelines to branches amid misinformation on social media

Rs 2,000 notes Exchange: SBI issues guidelines to branches amid misinformation on social media

May 21, 2023, at 09:41 pm

Mumbai: The State Bank of India has issued a guideline to all its branches, allowing them to exchange or accept deposits in Rs 2000 notes "without obtaining any requisition slip".

Withdrawal of Rs 2,000 notes won't affect common man, says former Chief Economic Advisor Krishnamurthy Subramanian

Withdrawal of Rs 2,000 notes won't affect common man, says former Chief Economic Advisor Krishnamurthy Subramanian

May 21, 2023, at 05:21 am

London: Former Chief Economic Advisor Krishnamurthy Subramanian on Saturday said that the withdrawal of the Rs 2,000 note by the Reserve Bank of India (RBI) would not have an impact on the general public.