No Directions Were Given To Banks To Phase Our 2000 Notes

Clearing all the airs on the limit of 2000 votes to withdraw from the banks, Union Finance Minister Nirmala Sitharaman said that no directions have been given to the banks to stop issuing notes of ₹2000 denomination.

"As far as I know, no such instruction has been given to the banks (on stopping issue of ₹2000 notes)," she said.

"We are on the course on bank mergers... lot of core banking operations regarding the merger are currently going on. There need not be any speculation. We are going as per schedule (of April 1, 2020). There are no uncertainties at all," she said after meeting heads of all PSU banks.

"So far, a total of 5.53 lakh MSME accounts have been identified and out of which 5.28 lakh entities have been restructured... By March 15, every MSME request must be cleared. Banks have given us information on how many MSMEs restructured reached out, their loans and everything. Few MSMEs that are pending before them, we have requested them to clean out all by March 15," the FM said at the heads of meeting with PSU banks.
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