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Banks Could Face Problems Regarding Repayment Of Loans

Banks Could Face Problems Regarding Repayment Of Loans

Friday, December 30, 2016, 3:03 PM

Bad loans for banks reached very high proportions in the Year 2016. This is expected to continue into the New Year. Industrial units, especially in the MSME sector, may turn defaulters, due to the cash crunch following demonetization. Demonetization will also hit banks that have been busy exchanging old notes and issuing new currency, at the cost of credit growth and loan recovery.
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