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SBI gets Rs 53,000 cr deposits till mid-day

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Mumbai: SBI on Friday said it has received deposits worth Rs 53,000 crore after the government scrapped Rs 500/1,000 notes and has exchanged currency worth about Rs 1,500 crore so far.
“The bank got deposits of Rs 31,000 crore on Thursday.
Today, till now, the amount of deposit is Rs 22,000 crore …The business is going well of demonetisation. We have additional counters,” SBI Chairperson Arundhati Bhattacharya said while announcing its quarterly result on Friday.
SBI had Thursday replaced about Rs 750 crore worth of notes with the junked ones, while till mid-day on Friday it had exchanged currency amounting to Rs 723 crore.
The bank has been able to press into service only about half of its ATM network nationwide.
“We have also been able to put up 29,000 ATMs and Cash Deposit Machines today. Of these, 21,000 ATMs and rest are CDMs,” she said.
Banks set up additional counters to change cash as also allow withdrawal from bank accounts through cheque or withdrawal slips with a ceiling of Rs 10,000 in a day within an overall limit of Rs 20,000 in a week (including withdrawals from ATMs) for the first fortnight i.e. up to November 24.

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