Business

IIE Digital Desk : A study by State Bank of India (SBI) has suggested that the withdrawal of Rs 2000 notes may boost bank deposits and repayment of loans. The study, which was conducted by the bank's research and development department, found that the withdrawal of Rs 2000 notes has led to an increase in the number of people depositing money in banks. The study also found that the withdrawal of Rs 2000 notes has led to an increase in the repayment of loans by borrowers.

The study attributed the increase in bank deposits and loan repayments to the following factors: People are depositing money in banks in order to avoid the inconvenience of carrying large amounts of cash. People are depositing money in banks in order to earn interest on their deposits. Borrowers are repaying their loans in order to avoid the penalties for late payments.

The study concluded that the withdrawal of Rs 2000 notes has had a positive impact on the banking sector. The study also suggested that the government should continue to withdraw high-value notes in order to further boost bank deposits and loan repayments.

The withdrawal of Rs 2000 notes has had a positive impact on the banking sector. The study by SBI has found that the withdrawal of Rs 2000 notes has led to an increase in the number of people depositing money in banks and an increase in the repayment of loans by borrowers. The government should continue to withdraw high-value notes in order to further boost bank deposits and loan repayments.