Approximately Rupees 2 lakh crore deposited in banks so far: Arun Jaitley

New Delhi: Finance Minister Arun Jaitley today stated that approximately Rs 2 lakh crore has been deposited till 12.15 pm today in banks across the country subsequent to the demonetisation of Rs 500 and Rs 1,000 notes.

“The largest banker in the country State Bank of India (SBI) saw deposits of Rs 47,868 crore till Saturday afternoon,” Jaitley said while briefing the media here. He said SBI’s deposit is around 20 per cent of the total deposits in all the banks in the country.

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Jaitley also said that it will take two-three weeks to re-calibrate the ATMs across the country for the new notes. “It will be a slow process,” he said.

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