SBI Research deems the withdrawal of Rs 2,000 notes a non-event, as India's digital payments ecosystem is robust.

SBI Research stated in its most recent Ecowrap that the withdrawal of Rs 2,000 banknotes is likely to be a non-event because India has adopted digital payments on a massive scale.

India has been experiencing new milestones in digital payments, both in terms of value and volume, which demonstrates the robustness and acceptability of our payment ecosystem.

"Our research indicates that Rural and Semi-Urban areas now accou....