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Continuing impact of demonetisation to cost MFIs dearly,says report

On November 8, 2016, Modi govt banned Rs 500, Rs 1,000 notes

Press Trust of India  |  Mumbai 

Lingering impact of the note-ban can lead to significantly higher credit cost, capital erosion and the resultant over-leverage for microlenders in the current financial year, warns a report. The same level impacts could be seen on non-banking finance companies and similar state-run financial institutions, says a report by India Ratings. "MFIs and other  small finance banks are also likely to face significant credit costs and capital erosion in FY18, following demonetisation and political interferences in the form of farm loan waivers," the agency warned. In a ...


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First Published: Fri, June 16 2017. 20:09 IST