SBI has received Rs 14,000 crore in 2000 Notes as Deposits so far

SBI has received Rs 14,000 crore in 2K notes as deposits so far.

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Dinesh Khara, the chairman of SBI, made this announcement during a gathering on Monday in Gandhinagar.

Since the Reserve Bank of India (RBI) removed the high-value note from circulation on May 23, the State Bank of India (SBI) has received deposits totaling Rs 14,000 crore of Rs 2,000 notes.

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In addition to that, Khara stated that "Rs 3,000 crore were exchanged at the bank through its branch network."

People are not concerned because the withdrawn cash notes are still considered legal tender and have a "fairly wide window given for exchange."

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On Monday, SBI launched $750 million in foreign currency bonds at the GIFT IFSC in Gandhinagar as part of its $10 billion Global Medium Note Programme.

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