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  Business   Economy  18 Nov 2016  Received Rs 1.27 lakh crore in deposits: SBI

Received Rs 1.27 lakh crore in deposits: SBI

Published : Nov 18, 2016, 10:52 am IST
Updated : Nov 18, 2016, 11:20 am IST

The largest public sector bank also records Rs 6,477 worth OTC exchange of currency notes.

People line up at a State Bank of India ATM.
 People line up at a State Bank of India ATM.

Mumbai: Country’s largest lender the State Bank of India (SBI) said it has received Rs 1.27 lakh crore or around USD 19 billion in deposits since the bank started accepting the scrapped Old High Denomination Currency notes on November 10.

The bank that is the largest public sector bank in country recorded Rs 6,477 crore worth of over-the-counter exchange of OHD currency notes.

Apart from that, the bank saw cash withdrawal worth Rs 23,337 crore during the period, the bank said. Earlier, the bank had announced that it will make Rs 50 and Rs 20 currency notes available across its ATMs.

Tags: sbi, demonetisation, arundhati bhattacharya, deposits, withdrawals
Location: India, Maharashtra, Mumbai (Bombay)