According to a Fitch report demonetisation has led to problems in repayment of auto loans. Borrowers of such loans, the report mentions, have been the most affected. Demonetisation is said to have a detrimental effect on the income and cash flows of commercial vehicle operators. This could continue to feed through into repayments spanning across the next few months. Fitch[Read More…]
Demonetisation affected numerous truck and bus operations in India. Story by: Bhushan Mhapralkar While many may hail prime minister Narendra Modi’s decision to strike out Rs.500 and Rs.1000 notes, and introduce new Rs.2000 notes in an effort to curb black money, and the menace of fake currency, the effect of what is being termed as demonetisation is affecting every Indian,[Read More…]
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