HomeNews listOBJECTIVE PRESSIndian banks are set for a profit boost on Rs 2,000 notes withdrawal

Indian banks are set for a profit boost on Rs 2,000 notes withdrawal

  • May 23, 2023
  • Posted by: AliensFaith
  • Category: OBJECTIVE PRESS
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Indian banks’ lending margins are set to surge with the country’s highest-value currency note being withdrawn, which is leading to an increase in bank deposits. The Reserve Bank of India’s move to withdraw the Rs 2,000 banknote will lead to growth in deposits at banks, according to Axis Mutual Fund.      



Author: AliensFaith
HighTech FinTech researcher, university lecturer & Scholar. He is studying his second doctoral degree at the Hague International University. Studying different fields of Sciences gave him a broad understanding of various aspects of life. His recent researches covered AI, Machine-learning & Automation concepts. The Information Technology Skills & Knowledge gave his company a higher position over other regional high-tech consultancy services. The other qualities and activities which can describe him are a Hobbyist Programmer, Achiever, Strategic Thinker, Futuristic person, and Frequent Traveler.

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