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BRIEF-RBI taking steps to release firm figures of SBNs received
January 5, 2017 / 8:48 AM / a year ago

BRIEF-RBI taking steps to release firm figures of SBNs received

Jan 5 (Reuters) - Reserve Bank Of India:

* clarification regarding specified bank notes (SBNs)

* clarifies periodical SBN figures released based on aggregation of accounting entries done at large no of currency chests all over the country

* now that scheme come to end on Dec 30, 2016, these figures would need to be reconciled with physical cash balances to eliminate accounting errors

* already initiated this process and till this is completed any estimate may not indicate the actual numbers of the SBNs that have been returned

* taking all steps to complete the process expeditiously so as to release firm figures of SBNs received at an early date Source text: (bit.ly/2iDV6K9) (Bengaluru newsroom)

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