April 21, 2017 7:00 AM

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Parliamentary panel seeks details from RBI on note ban outcome

A Parliamentary panel has sought details from the Reserve Bank about the post-demonetisation scenario, including the quantum of banned notes deposited so far and also the black money that has come back to the system.<br/><br/> The 15-member committee on subordinate legislation, headed by T Subbarami Reddy, in its meeting with Deputy Governors, in Mumbai yesterday, asked details about the quantum of banned notes returned to the system, details about fake notes and the quantum of black money come back to the system, post demonetisation.<br/><br/> According to PTI, the Deputy Governors said the House Panel that the process of recounting the deposited notes is still on and therefore, they are not in a position to give the exact details.

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