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Over Rs 1 Lakh Crore Has Been Deposited In SBI Savings Accounts Since Notes Ban
The local head office of the State Bank of India, Mumbai Circle. Photo credit: Manjulkumar/Wikimedia Commons
The country's largest public sector lender State Bank of India on Monday (5 December) said its savings accounts have swelled up by Rs 1 lakh crore after the withdrawal of high denomination currency notes.
"Our deposits have exceeded by Rs 1 lakh crore in saving accounts from November 8 till date," SBI Managing Director Rajnish Kumar said on the sidelines of Inclusive Finance India summit in New Delhi.
With inputs from IANS
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