RBI skips 30 June asset liability numbers, to be announced later

New Delhi: The Reserve Bank has refrained from releasing its asset liability figures for the week ended 30 June, which is also the last day for depositing defunct currency notes by NRIs.

30 June is also the last day of July-June financial year followed by the central bank.

This is probably for the first time, RBI in its Weekly Statistical Supplement has not come out with the figures for week ended 30 June.

“The figures for Friday, 30 June, 2017 will be published as part of RBI’s Balance Sheet in August 2017 in the Annual Report of the bank,” RBI said in its latest statistical supplement.

AFP

Instead, the central bank has given figures for the week ended 7 July.

Last week, RBI Governor Urjit Patel informed a parliamentary standing committee that the bank was still not in a position to provide the exact amount of demonetised currency returned to the central bank.

He also said the RBI has cut staff holidays to complete counting of currency notes and ordered more machines to expedite the process.

The central bank chief said employees were working “round-the-clock” except on Sundays.

As part of efforts to fight corruption and black money menace, the government last year demonetised old Rs 500 and Rs 1,000 currency notes.

As on 8 November, 2016, the total amount of currency in circulation was Rs 17.7 lakh crore, which included specified bank notes (SBNs) of Rs 500 and Rs 1,000.

There was a 50-day window for exchanging old notes at banks and post offices from 9 November to 30 December.

After 30 December, designated offices of RBI accepted junked notes till 30 June under various categories.

Besides, Indians who were abroad during 9 November to 30 December were given a three-month grace period till 31 March to deposit junked notes. In the case of NRIs, the window was was open till 30 June.

Published Date: Jul 17, 2017 06:35 pm | Updated Date: Jul 17, 2017 06:38 pm

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