The surprise demonetisation resulted in an extraordinary amount of funds available to banks, albeit for a short period. However, demonetisation will affect the banking sector in terms of non-performing assets (NPA), particularly in the context of last week’s bimonthly Monetary Policy Statement. L…
Tag: Monetary Policy Statement
RBI looks to improve ease of doing business for SMEs & Startups
The Reserve Bank of India (RBI) on April 05, 2016 said it will lay down a framework by September 2016 for accreditation of credit counselors who can act as facilitators for entrepreneurs to access the formal financial system with greater ease and flexibility. Presenting the first Bi-monthly Monet…