Large note circulation in the economy has further declined. As of March this year, the number of Rs 2,000 notes in circulation had dropped to 214 crores. At that time, the share of 2,000 rupee of Indian currency in all denomination notes in the market had fallen to 1.6 percent.
By
March 2021, the total number of denomination notes in circulation in the system
was 12,437 crore, up from 13,053 crores by March 2022.
As of
March 2020, 274 crore Rs 2,000 notes were in circulation. They accounted for
2.4 percent of all denomination notes in circulation at the time.
As of
March 2021, Rs 245 crore 2,000 notes were in circulation, accounting for 2
percent of the total currency.
The
share of Rs 2,000 notes in the total value of all denomination notes fell from
22.6 percent by March 2020 to 17.3 percent by March 2021 and 13.8 percent by
March 2022. As of March last year, Rs 500 notes worth Rs 3,867.90 crore were in
circulation in the system, an increase of Rs 4,554.68 crore as of March this
year. All denominations in circulation today are Rs.500 notes. Rs 500 notes
account for 34.9 percent of the total currency in circulation. This is the
highest. After that, the position is Rs.10 note. Their share is 21.3%.
The
following are some highlights of the RBI report on the circulation of 500 rupee
currency notes:
The circulation of Rs 500 notes has been on the rise in the last two years.
In terms of value, their share in the total currency circulation was 25.4 percent by March 2020 and 31.1 percent by March 2021.
The circulation of Rs 500 notes has been on the rise in the last two years.
In terms of value, their share in the total currency circulation was 25.4 percent by March 2020 and 31.1 percent by March 2021.
As of
March, it had risen to 34.9 percent. In terms of value, the share of Rs 500
notes in total currency in circulation stood at 60.8 percent in March 2020 and
73.3 percent in March 2022.
Although the number of
frauds registered in the domestic banking sector rose to 9,103 during the last
financial year (2021-22), the resulting loss fell to 60,414/- crore, according
to the RBI's annual report. The share of debt frauds in it is 96 percent.
During the financial year 2020-21, 7,359 banking frauds worth 1.38 lakh crore
were registered. That is, the value of banking frauds has halved on an annual
basis. The highest number of fraudulent transactions (58.6 percent) was
recorded in private banks as compared to public sector banks in the last
financial year. But, in terms of value, most (66 percent) of frauds take place
in public sector banks.
Comments