Tag Archives: Post-Demonetisation

Unorganised Sector Witnessing Job Losses Post-Demonetisation: Report

Demonetisation will have an impact on the GDP, says industry body Assocham. New Delhi: Major sectors of the economy including FMCG, jewellery and SMEs have been hit post-demonetisation, while the unorganised sector is seeing job losses, according to industry body Assocham. In an interview to PTI, Assocham president Sunil Kanoria lamented the lack of preparedness and the manner in which demonetisation was implemented, saying ... Read More »

Axis Bank Sees Reduction In Lending Rates Post-Demonetisation

Mumbai: Axis Bank expects a dip in lending rates because of the surge in deposits which lenders are experiencing in the aftermath of the government’s move to scrap Rs 500 and Rs 1,000 notes. “The deposits are into savings or current accounts which are low cost ones. An increase in them should bring down our cost of funds,” Rajiv Anand, ... Read More »