Imphal, Nov 21: After Prime Minister Narendra Modi has announced demonetization of Rs 500 and Rs 1000 denomination on Nov 8 , the Reserve Bank of India has sent a total of Rupees 538 crore to the state of Manipur.
This was stated by Kamal Khanal, AGM, Regional Business Office, SBI, Babupara, Imphal West. Talking to Imphal Times in a telephonic conversation Mr. Kunal said that the total amount was airlifted in 5 phases starting from November 14.
The first amount received here in Imphal for disbursement to the banks in Imphal by SBI and UBI was Rs. 107 core. On the same day, the Guwahati regional branch of the Reserve Bank of India (RBI) airlifted Rs. 61 crore each to Ukhrul and Tamenglong district as per the decision taken during a meeting held with the Commissioner Finance, Govt. of Manipur. On the fourth phase the RBI Ghy. Regional Branch sent an amount of Rs 280 crore. And yesterday the RBI Guwahati Branch sent Rs. 28 crore. The cash received are new denominations plus some Rs. 100 currency as charge for airlifting of smaller currency would amount to heavy loss to the banks.
Banks in Imphal are still seen crowded here in Imphal too after the demonetization of Rs. 500 and Rs 1000 denominations, either for exchange of the new currency or depositing of demonetized currency notes. However since yesterday, customers are now seen standing at many of the ATM outlets opening at various places.