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Note ban will have positive impact in medium term: ADB

Note ban will have positive impact in medium term: ADB

Thursday, April 6, 2017, 6:00 PM

Demonetisation is likely to have a positive impact over the medium term. With more people channeling their savings into the banking system, banks will have more money to lend at lower rates. Lower aggregate deposit costs should improve bank profitability, further increasing their lending capacity, an Asian Development Bank report said on Thursday.
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