Estimates of 97% notes back to banks may not be correct: RBI
Reacting to reports of 97% demonetised currency notes having been returned to the banks, the Reserve Bank of India (RBI) on Thursday said that such estimates may not be correct. "We are trying to expeditiously complete the counting process and will release figures of notes tendered after that," said RBI in a statement.
Reacting to media reports about the quantum of demonetised currency that has been returned to the banks, the Reserve Bank of India today said such estimates may not be correct.The RBI said the aggregating of accounting entries made at the various currency chests still requires to be reconciled with the actual cash balances in order to eliminate accounting errors and double counting.ALSO READ:Demonetisation hits state elections, all expenses above Rs 20,000 to be cashless 