In further relief to people hit by demonetisation, the Reserve Bank today gave borrowers another 30 days over and above 60 days for repayment of housing, car, farm and other loans worth up to Rs 1 crore. "On a review, it has been decided to provide 30 days, ... Deccan Herald, 2 months ago
The microfinance industry, where the low-income population gets access to financial services through cash transactions, is badly hit by demonetisation. Repayments of loans have come down to 85% from 99%. "Our customers are very regular and all MFIs' repayment ...Deccan Herald, 2 months ago
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