Tag Archives: demonetisation

Ujjivan Reports Decline in Profit Due to Non-Repayments Post-Demonetisation

Ujjivan Financial Services has reported 64.76% decline in its net profit which stood at Rs.19.35 crore in the quarter ended March 31, 2017. Last year, it reported a net profit of Rs 54.91 crore in the corresponding quarter. Attributed to non-repayment and serious delinquency issue in many part of the country after demonetisation, Ujjivan is alone among large MFIs facing ...

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Now Opposition United Against Rahul Gandhi

Delhi chief minister and Aam Aadmi Party chief Arvind Kejriwal who stood behind Rahul Gandhi was taken aback when the Congress vice-president met Prime Minister Narendra Modi with his own party members bereft of any opposition member and discussed the so-called farmers’ woes and sought waiver of loan repayments. Kejriwal Tweeted immediately after the news broke out saying Rahull Gandhi ...

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Demonetisation: Ministry Thanks Banks Which Failed People, Diverted New Notes to Black Money Holders

The Finance Ministry has appreciated the role played by the banks post-demonetisation especially when the old currency was accepted and till 24th November, 2016, when exchange of old currency to specified limit was also permitted, despite the fact that crores of new currency notes were diverted by corrupt bank officials and IT raids have made it clear that the demonetisation ...

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Cash Crunch, Future Lending Dominate Financial Inclusion Summit 2016

The two-day Inclusive Finance India Summit, formerly known as Microfinance India Summit, concluded on Tuesday with bankers and lenders vowing to stem the cash crunch that is hitting the industry across the country due to demonetisation. Two important reports by organisers Access India were released – The Inclusive Finance State of the Sector Report by Prof M S Sriram (IIM-B) ...

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