We have updated our Terms of Use.
Please read our new Privacy Statement before continuing.

Cash is king

30 December 2016 By Una Galani

The country’s lenders already need $27 bln or more of capital. Now Premier Narendra Modi’s scrapping of high-value banknotes could lead to a spike in bad loans at small businesses. That might rally support for a move and help Modi as he repositions himself as a champion of the poor.

This content is for Subscribers only

 

Email a friend

Please complete the form below.

Required fields *

*
*
*

(Separate multiple email addresses with commas)