Bank deposits with RBI hit record high after demonetisation
In the wake of demonetisation, bank deposits with the Reserve Bank of India (RBI) have reached a record high of ₹4.3 trillion, beating the earlier record of ₹1.7 trillion in May 2009. The RBI accepts money from various banks by offering government securities as collateral. The Indian banking system had collected deposits worth ₹5.12 trillion as of 18 November.