SBI: Rs 14k cr in Rs 2,000 notes deposited

The State Bank of India (SBI) has received Rs 14,000 crore of Rs 2,000 notes as deposits since the RBI withdrew the high-value note from circulation on May 23. This was announced by SBI chairman Dinesh Khara at an event Monday in Gandhinagar.

That apart, "Rs 3,000 crore were exchanged at the bank through its branch network", Khara said. "As the withdrawn currency notes continue to be a legal tender with a 'fairly wide window given for exchange', people are not anxious."

SBI listed Monday foreign currency bonds of $750 million under its $10 billion Global Medium Note Programme on India INX's global securities market (GSM) at GIFT IFSC in Gandhinagar.

The SBI chairman expressed confidence in expanding the bank's international banking vertical with the push for export-oriented manufacturing.