RBI Governor appears before Par panel for 2nd time

NEW DELHI: RBI Governor Urjit Patel today appeared before a Parliamentary panel for the second time and is understood to have said the deposited banned notes are still being counted and therefore was not in a position to give a figure of the scrapped currency back in the system.

During the more than three-hour long meeting of the Standing Committee on Finance, Patel took a lot of questions but members, who did not want to be named, said he did not provide any “specific number” on the amount of money that came back to the system post-demonetisation on November 8.

The Committee is chaired by senior Congress leader M Veerappa Moily.

With Patel not providing any particular figure, saying that counting of the notes was still in progress, many panel members were reported to have expressed dissatisfaction with his replies. (AGENCIES)

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