Withdrawal of Rs 2,000 Notes Pushes Bank Deposits, Loan Repayments, Consumption Demand: SBI Report

Withdrawal of Rs 2,000 Notes Pushes Bank Deposits, Loan Repayments, Consumption Demand: SBI Report

SBI says though the RBI asked customers to deposit or exchange the Rs 2000 notes, it is expected that high-value amounts could move to high-value spends such as gold/jewellery and real estate