Deposited demonetised notes still being counted: RBI Governor

New Delhi July 12 (IANS) RBI Governor Urijit Patel on Wednesday told a parliamentary committee that the amount of junked notes deposited after demonetisation was still being counted.

Patel gave this information at a meeting of the Parliamentary Standing Committee on Finance when a member specifically asked him to give details of the value of the Rs 500 and Rs 1 000 notes which were allowed to be exchanged till December 30.

He said the total money in circulation in the country now was Rs 15.4 lakh crore against Rs 17.7 lakh crore at the time of demonetisation in November last year according to sources.

At the meeting Naresh Agarwal of the Samajwadi Party is understood to have demanded the names of 12 industrialists whose outstanding loans amounted to 25 per cent of the non-performing assets in the banking system.

--IANS
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