A recent State Bank of India (SBI) report indicated that the Reserve Bank of India (RBI) may either be holding back Rs2,000 notes or could have stopped its printing of the high-value note. The high denomination currency was introduced for the first time last year after demonetisation. Comparing the data presented in the Lok Sabha recently with the one provided by the RBI in its annual report earlier, the report, authored by the bank's chief economist, Soumya Kanti Ghosh, cited, 'we observe that the value of small denomination currency in circulation up to March 2017 was Rs3,501 billion. This implies that the value of high denomination notes was equivalent to Rs13,324 billion as on 8 December, after netting out the small denomination notes from the currency in circulation on that day, it said.'

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