Demonetisation impacts RBI’s seigniorage, says SBI Research

Punjab | Nation | Business | World | Chandigarh | Politics | Uttar Pradesh | Uttarakhand | Haryana | Bihar | Himachal Pradesh

Breaking |

Punjab CM Bhagwant Mann met gave Rs 1 crore compensation, a job to Shubhkaran Singh's Kin Delhi court takes cognisance of ED's chargesheet against Arvind Kejriwal, AAP 7 underage children missing in Derabassi Threat to BJP leaders Manjinder Sirsa, Tejinder Singh Saran , Parminder Brar and Srinivasulu Chandigarh leader Pardeep Chhabra Dies Pakistani terrorists involved in Jammu and Kashmir attack, threw grenades at Army trucks Pinjore Bus Accident Left 50 People, Including 40 students, Injured Terrible incident in Punjab: Woman, breastfeeding her child, was shot dead in broad daylight 4 dead in Batala Firing Today, Two groups open fire at each others due to old rivalry Kanchanjunga Express Train Accident: PM Modi announces ex-gratia to families of those who died Punjab Schools To Remain Closed From May 21 In View of Prevailing Heatwave LPG Cylinder Price Hike: Rates of commercial cylinders increased by Rs 25 today Farmers Protest: Punjab Govt to Give Rs 1 Cr to Shubkaran Singh's Family, Govt Job to His Sister No fuel to be available at petrol pumps on 16th Feb from 6 am to 4 pm; and on 22 Feb Rail Roko in Punjab: Farmers block railway tracks for 4 hours Electoral bonds scheme is unconstitutional, says Supreme Court Jalandhar Commissionerate Police nab eight gangsters of Lawrence Bishnoi gang Government enhances target to help 30 mn women become ‘Lakhpati Didis’, says Finance Minister This budget is a reflection of young aspirations of young India, says PM Narendra Modi Deadline for 'One Vehicle One FASTag' initiative & completing KYC updation extended till Feb 29. Bihar CM Nitish Kumar says he will remain in NDA ‘forever’ now Reports Related to Rahul Gandhi's car 'pelted with stones' are Baseless, Claims Supriya Shrinate Chandigarh Mayor Row: Reports Regarding CM Bhagwant Mann and Arvind Kejriwal to Protest is FAKE! Punjab Floods News LIVE: Weather Gives Relief Amid Ongoing Floods, Rescue Op Underway Pakistan violates ceasefire again, BSF given free hand to retaliate Punjab Lok Sabha Elections 2024 Highlights: Polling concludes! 58.34pc Voter Turnout Till 5 PM Bigg Boss 17 Finale Highlights: Munawar Faruqui is Winner, Abhishek Kumar runner-up Ram Mandir Pran Pratishtha: Indians celebrate 'Diwali' as Ram Temple inaugurated Chandigarh mayor election 2024: Polling postponed; AAP, Congress councillors stage protest Article 370 verdict HIGHLIGHTS: SC upholds validity of Presidential order abrogating Article 370 Technical Glitch Delays Canadian PM Trudeau's Departure from India; Delegation Awaits Plane Repair PM Modi Advocates International Organization Reforms at G-20 Summit in Delhi 6.8-Magnitude Earthquake Strikes Morocco, Death Toll Reaches 630 Delight in Spanish Salads: A Flavorful and Healthy Meal Option to Try Watch: Street Food Vendor Prepares Dosa in an Artistic Manner, Video goes Viral

Demonetisation impacts RBI’s seigniorage, says SBI Research

Published : Sep 2, 2017, 5:30 pm IST
Updated : Sep 2, 2017, 5:30 pm IST

SHARE ARTICLE

Advertisement

New Delhi: Demonetisation has caused net loss to RBI’s seigniorage — the profit accruing from currency issuances and liquidity operations — besides increasing the cost of printing notes, says an SBI Research report. On November 8 last year, the government had banned old Rs 500 and Rs 1,000 notes in an attempt to weed out black money in the country. The old notes were allowed to be deposited in banks, with unusual deposits coming under income tax scrutiny. “The demonetisation exercise has resulted in net loss of seigniorage to the RBI,” SBI’s research report Ecowrap said. “In the current case, there is a seigniorage loss, as the face value of Rs 15.28 trillion of Rs 17.1 trillion has been printed,” it said. PTI

SHARE ARTICLE

Latest News

Bhagwant Mann Govt's Mukh Mantri Sehat Yojana Saves Mandoli Mechanic from Rs 90,000 Medical Debt File Photo.

Bhagwant Mann Govt's Mukh Mantri Sehat Yojana Saves Mandoli Mechanic from Rs 90,000 Medical Debt

Among states, Telangana saw the highest inflation at 5.02 percent, while Mizoram reported the lowest at 0.1 percent. File Photo.

India's Retail Inflation in February Hits 3.21% Amid Rising Food Prices

Jio Studios and B62 Studios have announced that the original film will be screened on around 500 screens globally. File Photo.

Dhurandhar Returns: First Film Re-Released Ahead of The Revenge on March 19

“LPG Production Stepped Up by 28%”: Petroleum Minister Hardeep Singh Puri

“LPG Production Stepped Up by 28%”: Petroleum Minister Hardeep Singh Puri

Ethiopia landslide: Over 50 killed, more than 100 missing after week-long rainfall (Image courtesy: Aljazeera)

Ethiopia landslide: Over 50 killed, more than 100 missing after week-long rainfall

India received requests for supply of diesel from Bangladesh, Sri Lanka and Maldives, Says MEA

India received requests for supply of diesel from Bangladesh, Sri Lanka and Maldives, Says MEA

Advertisement

Videos

Good News Amid Gas-Oil Crisis: Crude Oil Ship Arrives in Mumbai

Good News Amid Gas-Oil Crisis: Crude Oil Ship Arrives in Mumbai

12 Mar 2026 5:44 PM

Anmol Gagan Mann Slams Political Parties for Drug Menace, Punjab Under Fire

Anmol Gagan Mann Slams Political Parties for Drug Menace, Punjab Under Fire

10 Mar 2026 6:23 PM

$Hoshiarpur: \'Open the shutters, we will go home too\', attackers entered with weapons, people from outside closed the shutters$

Hoshiarpur: \'Open the shutters, we will go home too\', attackers entered with weapons, people from outside closed the shutters

10 Mar 2026 6:19 PM

Advertisement