NDTV NEWS DESK
| Friday January 20, 2017, New Delhi
Urjit Patel, the chief of the Reserve Bank of India, confronted questions from a parliamentary committee on the sudden ban on 500 and 1,000 rupee notes in November and said the cash situation would return to normal soon. Millions were left facing a severe crunch after 86 per cent of the cash in circulation was outlawed overnight in a massive anti-corruption move. Dr Patel was testifying before the Public Accounts Committee of parliament. He told the lawmakers that abnormal deposits of old notes are being tracked.