Insta
Demonetisation Effect: SBI Saving Accounts Swell By Rs 1 Lakh Crore
Swarajya Staff
Dec 05, 2016, 02:37 PM | Updated 02:37 PM IST
Save & read from anywhere!
Bookmark stories for easy access on any device or the Swarajya app.
The country's largest public sector lender State Bank of India on Monday said its saving accounts have swelled up by Rs 1 lakh crore after demonetisation.
"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 here.
"Deposits are not an issue. The agenda for the next 3-4 months is to look at ways to increase our loaning and digitisation of banking operations," Kumar said.
With inputs from IANS.
Save & read from anywhere!
Bookmark stories for easy access on any device or the Swarajya app.
Introducing ElectionsHQ + 50 Ground Reports Project
The 2024 elections might seem easy to guess, but there are some important questions that shouldn't be missed.
Do freebies still sway voters? Do people prioritise infrastructure when voting? How will Punjab vote?
The answers to these questions provide great insights into where we, as a country, are headed in the years to come.
Swarajya is starting a project with an aim to do 50 solid ground stories and a smart commentary service on WhatsApp, a one-of-a-kind. We'd love your support during this election season.
Click below to contribute.