Friday, 18 November 2016

Nifty holds 8100, Sensex in green; Hero, Cipla, Bharti gainers

 
In a move to curb black money, government cancelled the legal tender character of Rs 500 and Rs 1000 notes. Banks have been working aggressively ever since to help people in this crisis of currency ban. In conversation with CNBC-TV18, Usha Ananthasubramanian, MD & CEO of Punjab National Bank (PNB), said 200 branches of PNB have been working in double shifts. She said demonetisation has a positive fallout for banks. There is increase in current and savings account ratio (CASA) and deposits of about Rs 42,000 crore have been added to the accounts. There is also increase in new bank accounts. She further said there will be huge inflows towards the end of December. There have been good inflows in loan accounts of about Rs 5000 crore.

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In a move to curb black money, government cancelled the legal tender character of Rs 500 and Rs 1000 notes. Banks have been working aggressively ever since to help people in this crisis of currency ban. In conversation with CNBC-TV18, Usha Ananthasubramanian, MD & CEO of Punjab National Bank (PNB), said 200 branches of PNB have been working in double shifts. She said demonetisation has a positive fallout for banks. There is increase in current and savings account ratio (CASA) and deposits of about Rs 42,000 crore have been added to the accounts. There is also increase in new bank accounts. She further said there will be huge inflows towards the end of December. There have been good inflows in loan accounts of about Rs 5000 crore.

Read more at: http://www.moneycontrol.com/news/local-markets/nifty-holds-8100-sensexgreen-hero-cipla-bharti-gainers_7985161.html?utm_source=ref_article

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