Members of the Parliamentary Standing Committee on Finance on Wednesday criticised Reserve Bank of India Governor Urjit Patel for his inability to answer queries related to demonetisation.
"Patel was unable to tell us how much money has come back to the banks," said Saugata Roy, TMC MP. "The governor was unable to tell us that how much old currency has come into the banks," added Saugata Roy.
Sources also quoted the RBI governor, as telling the Parliamentary Standing Committee on Finance that Rs 9.2 lakh crore in new currency has been introduced into the system.
Patel briefed the parliamentary panel about demonetisation and its impact on the economy and the steps taken by the central bank to deal with the cash crunch.
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