₹2,000 notes approved in May, no talks on note ban then: RBI
The Reserve Bank of India (RBI) has said that its Central Board approved the proposal to introduce ₹2,000 notes on May 19, 2016. RBI added there was no discussion on possible withdrawal of ₹500 and ₹1,000 notes at its board meetings in May, July or August. Raghuram Rajan was RBI's Governor when the proposal for ₹2,000 notes was approved.