Many people thronged various banks and post offices for exchanging the demonetised banknotes of Rs 500 and Rs 1,000 denomination, at various parts of the district on Thursday. In Eluru, people queued up at Main Post Office, State Bank of India main branch and SBI Bazaar Branch. Other banks like SBH, Canara Bank, IOB, Karur Vysya Bank, Central Bank of India, Bank of India etc too witnessed heavy crowds. Most of the Banks gave away Rs10 and Rs20 denomination notes to the customers in exchange.
The demonetisation will cloud the GDP growth in the current and next quarter, pulling it down by as much as two percentage points, HSBC said on Friday.”Growth is going to be weaker for a few quarters. The GDP growth over this quarter and the next will be two per cent lower at 5.5 per cent […]