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The query on banking restrictions, in the context of the Rs 24,000 per week and the earlier Rs 2,500 daily limit on ATM withdrawals, suggested that without such restric tions, banks would have witnessed chaos. Later, Patel explained that the average per savings account withdrawal was between Rs 12-13,000 prior to demonetisation. A tougher tenor adopted by members like Digvijaya with regard to Patel’s responses was blunted when Moily observed that witnesses who appeared before the committee could not be forced to answer questions.
There was some frustration over Patel and senior finance ministry officials who briefed the committee before the RBI governor met the panel not providing specific answers, considerable time was consumed by members posing questions. Sources said since members were not restricted to asking a certain number of questions, some went on for a while, consuming the panel’s time. The members asked several questions that will be answered in detail later.
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(Sourced from agencies, feature image courtesy:hindi.oneindia.com)
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