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Photos: Bank queues in Delhi’s CP before and after demonetisation

A year ago, PM Narendra Modi announced the scrapping of high-value banknotes which amounted to 86% of currency in circulation. A look at what chaotic bank queues looked like last November, and how the same places appear now.

Updated on: Nov 07, 2017 8:59 PM IST

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People stand in queue outside a bank in Connaught Place in New Delhi, November 2016. A year ago, Prime Minister Narendra Modi announced the scrapping of high-value banknotes which amounted to 86% of currency in circulation. (Ravi Choudhary / HT Photo)

Updated on Nov 07, 2017 8:59 PM

People stand in queue outside a bank in Connaught Place in New Delhi, November 2016. A year ago, Prime Minister Narendra Modi announced the scrapping of high-value banknotes which amounted to 86% of currency in circulation. (Ravi Choudhary / HT Photo)

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The scene outside a bank in New Delhi’s Connaught Place a year after demonetisation. (Burhaan Kinu / HT Photo)

Updated on Nov 07, 2017 8:59 PM

The scene outside a bank in New Delhi’s Connaught Place a year after demonetisation. (Burhaan Kinu / HT Photo)

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Long queues became a common sight last November after demonetisation. (Saumya Khandelwal / HT Photo)

Updated on Nov 07, 2017 8:59 PM

Long queues became a common sight last November after demonetisation. (Saumya Khandelwal / HT Photo)

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A year later, progress on all these counts appears to be very modest, and should make us question whether this exercise was needed at all to fulfil its stated aims. (Burhaan Kinu / HT Photo)

Updated on Nov 07, 2017 8:59 PM

A year later, progress on all these counts appears to be very modest, and should make us question whether this exercise was needed at all to fulfil its stated aims. (Burhaan Kinu / HT Photo)

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Connaught Place has several bank and ATM branches, yet there was no respite from serpent-like queues last November. Demonetisation was projected as part of a broader push to promote digitization and non-cash payments. (Arvind Yadav / HT Photo)

Updated on Nov 07, 2017 8:59 PM

Connaught Place has several bank and ATM branches, yet there was no respite from serpent-like queues last November. Demonetisation was projected as part of a broader push to promote digitization and non-cash payments. (Arvind Yadav / HT Photo)

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Now, what is unclear is that how much black money was recovered from demonetisation. In September, the RBI said it had “no information” on how much black money was recovered or destroyed due to demonetisation. (Burhaan Kinu / HT Photo)

Updated on Nov 07, 2017 8:59 PM

Now, what is unclear is that how much black money was recovered from demonetisation. In September, the RBI said it had “no information” on how much black money was recovered or destroyed due to demonetisation. (Burhaan Kinu / HT Photo)

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People queue up to withdraw or deposit their money as the 1000 and 500 (old) rupee notes were withdrawn from the market last November. (Sushil Kumar / HT Photo)

Updated on Nov 07, 2017 8:59 PM

People queue up to withdraw or deposit their money as the 1000 and 500 (old) rupee notes were withdrawn from the market last November. (Sushil Kumar / HT Photo)

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A year later, CP’s back to just cars being in parking lots as opposed to scores of people lining up outside banks. (Burhaan Kinu / HT Photo)

Updated on Nov 07, 2017 8:59 PM

A year later, CP’s back to just cars being in parking lots as opposed to scores of people lining up outside banks. (Burhaan Kinu / HT Photo)

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Despite initial claims of high deposits, the dividend from the RBI to the government was lower because of demonetisation. (Sanjeev Verma/ HT Photo)

Updated on Nov 07, 2017 8:59 PM

Despite initial claims of high deposits, the dividend from the RBI to the government was lower because of demonetisation. (Sanjeev Verma/ HT Photo)

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A year later, people seem less stressed about withdrawing money, but rural consumer sentiment took a massive hit. (Burhaan Kinu / HT Photo)

Updated on Nov 07, 2017 8:59 PM

A year later, people seem less stressed about withdrawing money, but rural consumer sentiment took a massive hit. (Burhaan Kinu / HT Photo)

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While the capital dealt with its own queue woes, people in remote areas complained that the ATMs were not refilled one day after the demonetisation drive was announced by PM Modi. (Sanjeev Verma / HT Photo)

Updated on Nov 07, 2017 8:59 PM

While the capital dealt with its own queue woes, people in remote areas complained that the ATMs were not refilled one day after the demonetisation drive was announced by PM Modi. (Sanjeev Verma / HT Photo)

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Defending the government’s decision to demonetise high-value currency last year, finance minister Arun Jaitley on Tuesday said that demonetisation cannot be a one-stop solution to cleanse all corruption, but it did give a ‘new direction’ to economic and financial decisions. (Burhaan Kinu / HT Photo)

Updated on Nov 07, 2017 8:59 PM

Defending the government’s decision to demonetise high-value currency last year, finance minister Arun Jaitley on Tuesday said that demonetisation cannot be a one-stop solution to cleanse all corruption, but it did give a ‘new direction’ to economic and financial decisions. (Burhaan Kinu / HT Photo)

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