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Double Counting? State Bank Has Doubts Over Rs 11.5 Lakh Crore In Old Note Deposits
An SBI report has raised doubt over the Rs 11.5 lakh crore deposit figure The report said that there could have been double-counting of deposits There could have been double counting in 10-15% of bank deposits
09 Dec 2016, 08:29 AM IST 
RBI had said that banks have so far received Rs 11.5 lakh crore in deposits in banned 500 and 1000 notes.
Banks have so far received Rs 11.5 lakh crore in deposits in the form of banned 500 and 1000 notes, RBI deputy governor R Gandhi said on Wednesday. But a State Bank of India report has raised doubts on that deposit figure, which is around 75 per cent of about Rs 15.5 lakh crore, the total value of the currency outlawed last month.
"Given the total high denomination currency of Rs 15.44 lakh crore as of 8 November, the Rs 11.55 lakh...
