On a day when distressed customers flocked to banks outlets across the country, State Bank of India Chairperson Arundhati Bhattacharya said that new currency notes worth Rs 500 were yet to reach the banks and that it would be available in a week’s time.
Bhattacharya also urged masses to make transactions through debit cards as that would help the bank’s teller counters serve those have no ATM cards, better.
Speaking on the effect of demonetisation, the chief of India’s largest bank said that the move could help in easing inflation, thereby raising the possibility of a rate cut.She also stated that the Centre’s stand could prevent Indians from defaulting on Income Tax payments.
Video Editor: Sandeep Suman
(At The Quint, we are answerable only to our audience. Play an active role in shaping our journalism by becoming a member. Because the truth is worth it.)