Demonetisation Likely To Push Up Credit From Banks
Tuesday, December 27, 2016, 10:57 AM
The Confederation of Indian Industry (CII), said demonetisation has led to direct public savings into the formal sector, which is likely to give a boost to credit from the banks. Banks and lending institutions, can easily access the abundant data, made easily available to them from various sources, on small and medium enterprises and corporates. This is beneficial to both, lenders and borrowers.