Old notes worth Rs. 473 crore still with cooperative banks
District Cooperative Central Banks (DCCB) in Karnataka had continued accepting deposits in banned currencies (Rs. 500 and Rs. 1,000) even after being prohibited by the Reserve Bank of India (RBI).
9 DCCBs of Karnataka now have Rs. 473.14 crore in the banned denomination of notes.
Across India, DCCBs hold approximately Rs. 8,000 crore in demonetized notes.
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