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RBI Governor Urjit Patel appeared before the Parliamentary Standing Committee on Finance and briefed the panel about government's recent decision to demonetise high value currency.Mr. Patel is believed to have informed the committee, headed by Congress leader Veerappa Moily that 9.2 lakh crore rupees in new currency has been introduced in the system after the decision. 
Sources said RBI Governor did not tell how much money has come back to the banks and when the system will be normalized. Mr. Patel has also been summoned by the Public Accounts Committee headed by Congress MP K V Thomas on Friday on the same issue.

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