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.
Kalyan Jewellers Q2 Results: Net profit jumps 64% YoY to Rs 427 crore, revenue rises 31%
Kalyan Jewellers reported a 63.6% YoY rise in consolidated net profit to Rs 427 crore in Q2FY27, while revenue grew 31.4% to Rs 10,323 crore.
November 10, 2026