Overview of Rs 2000 Note Withdrawal The Reserve Bank of India (RBI) has provided a comprehensive update on the status of the Rs 2000 denomination banknotes, following their withdrawal from circulation. As of Thursday, the RBI reported that an impressive 97.92% of the Rs 2000 notes in circulation at the time of the withdrawal announcement…
Unreturned ₹2000 Notes in the Economy The Reserve Bank of India (RBI) recently announced that ₹7,961 crore, equivalent to about $954 million, worth of ₹2000 banknotes are still in circulation. These notes have not been returned or deposited despite their withdrawal from active use. This unreturned amount represents 2.24% of the total ₹3.56 lakh crore,…
In a move reflecting growing concerns over cybersecurity, the Reserve Bank of India (RBI) has issued a stern warning to Indian banks about potential cyberattacks. The advisory comes amidst the resurgence of a notorious hacker group and highlights the need for heightened vigilance and improved security measures to protect critical financial infrastructure. As cyber threats…
