Friday, 9 December 2016

Collections up as cash crunch pain reducing


Gold Finance companies have been the worst hit by demonetisation. Of 65 percent pre-demonetisation disbursals were done now. The repayment rate has improved to 65-70 percent and interest collection is about 80 percent. "Company has grown by 12 percent and there will be no de-growth in this quarter. He feels the company should be reaching 18-20 percent growth as things get better. 

Government has been encouraging people to transact online and transaction after November 8 were around 20 percent but now it is 50 percent.

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