87 percent of Rs 2000 notes have returned to banks as deposits: RBI Governor

MUMBAI: Reserve Bank of India (RBI) Governor Shaktikanta Das said that 87 percent of withdrawn Rs 2,000 notes have returned to banks as deposits.

The RBI had informed that till September 29, notes worth Rs 3.42 lakh crore have been returned and Rs 14,000 crore is yet to be returned.

The deadline for returning the notes was extended from September 30 to October 7 (today). The deadline has been extended so that the entire notes reach the bank. Rs 2000 notes can be deposited or exchanged in all banks today. Tomorrow notes can be exchanged only through regional offices of RBI.

Shaktikanta Das said that the RBI wants to achieve the 4 percent inflation target and monetary policy will remain under control until inflation comes down. He asked the financial institutions to anticipate the crisis and take appropriate measures. Looking at unaudited results, gross non-performing assets have improved in the June quarter, he said.