RBI Governor assures normalization of cash flow soon

RBI Governor Urjit Patel

New Delhi: Reserve Bank of India Governor Urjit Patel today made it clear that cash flow will shortly normalise in the country.

As per the information given by the sources, Urgit Patel told this to the Public Accounts Committee (PAC) of Parliament at the time when he was answering to the queries by the lawmakers on demonetization.

Read:- Rahul Gandhi terms Demonetisation as a money laundering scheme

He further informed the committee that the situation in urban areas was “almost normal”, and efforts were on to get better cash flow to rural and distant areas in the country.

He stated: “It will take a few more weeks for the situation to improve in rural and remote areas.”

Read:- Kamal Haasan on demonetization: It was mistake on my part

RBI Governor had told the Parliamentary Standing Committee on Finance previously this week that the new currency notes, worth Rs 9.2 lakh crore, were introduced into the financial system subsequent to demonetisation.