Rs 200 note to solve cash crunch

New Delhi, July 24: With the Introduction of Rs 200 currency notes, expectedly by next month, the daily cash transactions would be back to normal, may be the first time after the demonetization, the state bank of India calculates.

The reserve bank India is planning to circulate Rs. 200 notes for the first time, to address the cash crunch that resulted after the Scrapping of Rs 500 and Rs 1000 notes in November last year.

A Sbi report says that the transactions have steadily regained momentum after the initial crunch following demonetization. The transaction rate has bounced back to 86% of the total business before the surprise ban of high demonetization notes, ten months back, the report said.