Borrowers paid back ₹66,000 crore in 2 weeks post note ban
Borrowers, including some default accounts, have paid back ₹66,000 crore between November 9 to November 25 after the demonetisation decision, according to RBI data. Bank credit has shrunk by ₹61,000 crore during the period, data showed. There has been a sharp plunge in credit demand as the economy began to feel the adverse effects of demonetisation, bankers said.