Contact Your Financial Adviser Money Making MC
20
January 2017
Reserve
Bank of India Governor Urjit Patel on Friday is learnt to have said that cash
flow in the country will normalise soon. The
Total Investment & Insurance Solutions
Patel,
according to sources, told this to the Public Accounts Committee (PAC) of
Parliament while answering queries from the lawmakers on demonetisation and its
impact.
He
told the committee that the situation in urban areas was "almost
normal", and efforts were on to improve the cash flow to rural and remote
areas in the country. The Total Investment
& Insurance Solutions
"It
will take a few more weeks for the situation to improve in rural and remote
areas," the sources quoted him as saying. The Total Investment & Insurance Solutions
Earlier
this week, the RBI Governor had told the Parliamentary Standing Committee on
Finance that the new currency notes, worth Rs 9.2 lakh crore, were introduced
into the financial system post demonetisation. The Total Investment & Insurance Solutions
One
of the PAC members told Patel that there was a huge mismatch between the cash
deposited and the actual cash in the cooperative banks. The Total Investment & Insurance Solutions
To
this Patel said that he has information on the issue and the matter was being
investigated by the Financial Intelligence Unit-India (FIU-IND).The Total Investment & Insurance Solutions
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