Rs 9 Lakh Crore Already Back In The System After Demonetisation, Says SBI Chairman

State Bank of India (SBI) chairperson Arundhati Bhattacharya said today (12 January) that out of the Rs 13 lakh crore that was out of the economic system, about Rs 9 lakh crore has already come back post-demonetisation.

Noting that economic activity has picked up, she said only about Rs 4 lakh crore money is now out of the system, and this is also expected to come back to the system in one-and-a-half months’ time.

With inputs from IANS

Also Read: Demonetisation: Latest RBI Data Reveals That Over Rs 1.6 Lakh Crore Has Not Returned To Banks