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Friday, March 27, 2020

Covid-19 scare: Depositors withdraw Rs 53,000 crore cash in 15 days

Cash withdrawals from banks hit a 16-month high when the public withdrew Rs 53,000 crore during the fortnight ended March 13, according to the data released by the Reserve Bank of India (RBI). Such huge cash withdrawals are seen only during festivals or elections.

from Banking/Finance-Industry-Economic Times https://ift.tt/39lsCLT

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