Mohali: “Government’s decision to demonetize currency is a welcome step towards strengthening the economy as more population would come under banking structure which will improve liquidity scenario that will empower Government to spend more on infrastructure development projects” said Tushar Pandey, Group President Yes Bank.
He was speaking during a National Symposium on Wealth Management and Financial Planning organised by University School of
Business at Chandigarh University campus. Renowned Business Analyst, Economists and Business leaders from industry which included Prof K Sukumaran, Dean, NISN (SEBI). Lalit Sharma, Zonal Head Birla Sunlife Mutual Fund,
Narayan Krishnamurthy, Editor Outlook Money took sessions on Wealth Management and Financial Planning which was attended by MBA, B.CoM and BBA students of USB. While answering to the question on demonetization, Tushar Pandey said” The implication of this step will see increased percentage of white economy that will improve the GDP growth of our country which will facilitate government’s spending on improving the basic infrastructure meant for common man”.
Tushar Pandey emphasised on the need to address the problem of growing NPA’s in banking sector with enactment of stringent laws that will help the banks to monitor the disbursement of loan to corporate sector.
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