The Reserve Bank of India’s withdrawal of INR2,000 ($27) bank notes is predicted to raise bank deposits by as much as INR2tn ($27bn), according to economists. “On a net basis, it is likely that deposits increase by INR1.5-2tn. Durable liquidity could increase by around INR1tn depending on the behaviour of depositors”, said Kotak Mahindra Bank economists Upasna Bhardwaj and Anurag Balajee. Critics point out that some INR2,000 notes may not be deposited as holders may be using them to avoid tax, buying high-end items such as gold instead.
ETMarkets Smart Talk | Diversified funds like flexicap and multicap best route in current volatility: Tata AMC’s Chandraprakash Padiyar
Amidst global uncertainty and market volatility, investors are advised to stay disciplined and invest through diversified funds like flexicap and multicap. While near-term caution is
March 17, 2026