Live Breaking News & Updates on 2000 Note Withdrawal

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Rs 2,000 note withdrawal: Kotak Mahindra Bank garners deposits of Rs 5,400 crore

Kotak Mahindra Bank has said that it has attracted INR54bn ($790m) in deposits as a result of the Reserve Bank of India s withdrawal of INR2,000-denomination notes. Many of the funds have come into current accounts held by the banks business customers. Kotaks president for retail liabilities and branch banking, Virat Diwanji, warned that the increase in deposits was a temporary phenomenon, as the businesses would eventually deploy the same money for other purposes such as paying vendors. ....

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Rs 2,000 Note To Add Up To 1.5 Lakh Crores Of Deposits To Banks: Economist

The move to withdraw Rs 2,000 denomination notes will yield deposits of up to Rs 1.5 lakh crore for the banking system, Axis Bank Chief Economist Saugata Bhattacharya said on Wednesday. ....

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Rs 2,000 note withdrawal impact: CD, CP yield falls on expectation of improvement in bank deposits

The yields on CDs maturing in three months, which were trading in the 7.00-7.20 percent range on May 17, have now fallen to 6.80-6.95 percent. ....

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Can you use Rs 2000 notes after September 30? Here's what we know so far

The future of Rs 2000 note will depend on whether RBI is successful in getting back all the Rs 2000 notes that's currently circulating in the economy. ....

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Planning to deposit or exchange Rs 2,000 note at SBI, HDFC Bank and PNB? Check guidelines, limit and other details

People can deposit and exchange their Rs 2,000 notes at the bank from today, May 23 onwards. Watch this Visual Story to check SBI, PNB, HDFC Bank guidelines on Rs 2,000 note exchange, deposits. ....

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