Karnataka cancels holiday to deal with crowds outside banks

November 16, 2016 21:40

Karnataka Chief Minister Siddaramaiah has instructed all banks in the state to remain open tomorrow and help the public deposit and exchange their notes.

November 17 is a statewide holiday because of Kanakadasa Jayanthi. However, seeing the crowds of people thronging banks and ATMs following PM Modi's move to demonetise the Rs 500, and Rs 1,000 notes, the CM took the decision to keep banks open.

The State Bank of India today said it collected Rs 1,14,139 crore in deposits in last seven days.

The bank saw 240.90 lakh cash deposit transactions between November 10 and November 16 up to 7 pm, SBI said in a statement.

The country's largest lender exchanged Rs 5,776 crore of old Rs 500 and Rs 1,000 notes since November 10.

It said there were 151.93 lakh cash withdrawal transactions amounting to Rs 18,665 crore in the last seven days.

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