ALSO READNarendra Modi could name Arvind Panagariya as RBI governor - TV channels Banks call in police as people rush to ditch old banknotes India abolishes larger banknotes in fight against graft, "black money" India abolishes larger banknotes in fight against graft, 'black money' Modi condemns Swamy's attack on Rajan
Parisangh Chairperson Udit Raj said continuous attempts were being made to finish off reservation.
He said a seperate bank for SC/ST (Scheduled Caste and Tribes) would help in reducing surplus liabilites on the private and public banks due to the demonetization of Rs 500 and Rs 1,000 notes.
"The cost of lending will come down due to demonetisation. It will be beneficial to the economy if a SC/ST bank with a capital of Rs 1 lakh crore is created as a public sector bank on lines of the Mahila Bank," Udit Raj said.
The BJP MP said this would enable low cost lending to SC/ST entrepreneurs.
(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)