Deprecated (16384): The ArrayAccess methods will be removed in 4.0.0.Use getParam(), getData() and getQuery() instead. - /home/brlfuser/public_html/src/Controller/ArtileDetailController.php, line: 150
 You can disable deprecation warnings by setting `Error.errorLevel` to `E_ALL & ~E_USER_DEPRECATED` in your config/app.php. [CORE/src/Core/functions.php, line 311]
Code Context


        trigger_error($message, E_USER_DEPRECATED);

    }
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 You can disable deprecation warnings by setting `Error.errorLevel` to `E_ALL & ~E_USER_DEPRECATED` in your config/app.php.'
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deprecationWarning - CORE/src/Core/functions.php, line 311
Cake\Http\ServerRequest::offsetGet() - CORE/src/Http/ServerRequest.php, line 2421
App\Controller\ArtileDetailController::index() - APP/Controller/ArtileDetailController.php, line 150
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Cake\Http\ActionDispatcher::_invoke() - CORE/src/Http/ActionDispatcher.php, line 120
Cake\Http\ActionDispatcher::dispatch() - CORE/src/Http/ActionDispatcher.php, line 94
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Cake\Http\Runner::__invoke() - CORE/src/Http/Runner.php, line 65
Cake\Error\Middleware\ErrorHandlerMiddleware::__invoke() - CORE/src/Error/Middleware/ErrorHandlerMiddleware.php, line 96
Cake\Http\Runner::__invoke() - CORE/src/Http/Runner.php, line 65
Cake\Http\Runner::run() - CORE/src/Http/Runner.php, line 51
Cake\Http\Server::run() - CORE/src/Http/Server.php, line 98

Deprecated (16384): The ArrayAccess methods will be removed in 4.0.0.Use getParam(), getData() and getQuery() instead. - /home/brlfuser/public_html/src/Controller/ArtileDetailController.php, line: 151
 You can disable deprecation warnings by setting `Error.errorLevel` to `E_ALL & ~E_USER_DEPRECATED` in your config/app.php. [CORE/src/Core/functions.php, line 311]
Code Context


        trigger_error($message, E_USER_DEPRECATED);

    }
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 You can disable deprecation warnings by setting `Error.errorLevel` to `E_ALL & ~E_USER_DEPRECATED` in your config/app.php.'
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deprecationWarning - CORE/src/Core/functions.php, line 311
Cake\Http\ServerRequest::offsetGet() - CORE/src/Http/ServerRequest.php, line 2421
App\Controller\ArtileDetailController::index() - APP/Controller/ArtileDetailController.php, line 151
Cake\Controller\Controller::invokeAction() - CORE/src/Controller/Controller.php, line 610
Cake\Http\ActionDispatcher::_invoke() - CORE/src/Http/ActionDispatcher.php, line 120
Cake\Http\ActionDispatcher::dispatch() - CORE/src/Http/ActionDispatcher.php, line 94
Cake\Http\BaseApplication::__invoke() - CORE/src/Http/BaseApplication.php, line 235
Cake\Http\Runner::__invoke() - CORE/src/Http/Runner.php, line 65
Cake\Routing\Middleware\RoutingMiddleware::__invoke() - CORE/src/Routing/Middleware/RoutingMiddleware.php, line 162
Cake\Http\Runner::__invoke() - CORE/src/Http/Runner.php, line 65
Cake\Routing\Middleware\AssetMiddleware::__invoke() - CORE/src/Routing/Middleware/AssetMiddleware.php, line 97
Cake\Http\Runner::__invoke() - CORE/src/Http/Runner.php, line 65
Cake\Error\Middleware\ErrorHandlerMiddleware::__invoke() - CORE/src/Error/Middleware/ErrorHandlerMiddleware.php, line 96
Cake\Http\Runner::__invoke() - CORE/src/Http/Runner.php, line 65
Cake\Http\Runner::run() - CORE/src/Http/Runner.php, line 51
Cake\Http\Server::run() - CORE/src/Http/Server.php, line 98

Warning (512): Unable to emit headers. Headers sent in file=/home/brlfuser/public_html/vendor/cakephp/cakephp/src/Error/Debugger.php line=853 [CORE/src/Http/ResponseEmitter.php, line 48]
Code Context
            if (Configure::read('debug')) {

                trigger_error($message, E_USER_WARNING);

            } else {
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        LATEST NEWS UPDATES | Bank loans shrink by Rs 61,000 crore in fortnight after demonetisation -Abhijit Lele    </title>
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-Business Standard

The year-on-year growth in credit was just 6.6%, down from 9.3% a year ago

Mumbai: Showing effect of demonetisation, bank credit in India shrunk by Rs 61, 000 crore (0.8% in fifteen days ended November 25, 2016) on the demand..."/>
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-Business Standard

The year-on-year growth in credit was just 6.6%, down from 9.3% a year ago

Mumbai: Showing effect of demonetisation, bank credit in India shrunk by Rs 61, 000 crore (0.8% in fifteen days ended November 25, 2016) on the demand..." />
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                            <div align="justify">-Business Standard<br /><br /><em>The year-on-year growth in credit was just 6.6%, down from 9.3% a year ago<br /></em><br /><em>Mumbai: </em>Showing effect of demonetisation, bank credit in India shrunk by Rs 61, 000 crore (0.8% in fifteen days ended November 25, 2016) on the demand destruction. In contrast, banks are trying to cope with the huge inflow of money as people deposited Rs 4,03,000 crore during the same period.<br /><br />The outstanding credit of banking system in India was Rs 72,92,200 crore at end of November 25, 2016, according to Reserve Bank of India data. The year-on-year growth in credit was just 6.6%, down from 9.3% a year ago.<br /><br />Bank executives said there has been a sharp dip in the demand for credit as the economy began to feel adverse effects of the decision to withdraw legal tender status of old currency notes (Rs 500 and Rs 1,000). There is not much change even in the current fortnight (ended December 09, 2016).<br /><br />Also, the priorities for banks staff across the country has changed to managing the volume of work to accept deposits, exchange and withdrawal of old notes, and ATM network. This impacted the normal work including retail lending, SME, agriculture, and large credit, a senior public sector bank executive said.<br /><br />Please <a href="http://www.business-standard.com/article/economy-policy/bank-loans-shrink-by-rs-61-000-crore-in-fortnight-after-demonetisation-116120900971_1.html" title="http://www.business-standard.com/article/economy-policy/bank-loans-shrink-by-rs-61-000-crore-in-fortnight-after-demonetisation-116120900971_1.html">click here</a> to read more. </div><div align="justify">&nbsp;</div>                                                           
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                            <div align="justify">-Business Standard<br /><br /><em>The year-on-year growth in credit was just 6.6%, down from 9.3% a year ago<br /></em><br /><em>Mumbai: </em>Showing effect of demonetisation, bank credit in India shrunk by Rs 61, 000 crore (0.8% in fifteen days ended November 25, 2016) on the demand destruction. In contrast, banks are trying to cope with the huge inflow of money as people deposited Rs 4,03,000 crore during the same period.<br /><br />The outstanding credit of banking system in India was Rs 72,92,200 crore at end of November 25, 2016, according to Reserve Bank of India data. The year-on-year growth in credit was just 6.6%, down from 9.3% a year ago.<br /><br />Bank executives said there has been a sharp dip in the demand for credit as the economy began to feel adverse effects of the decision to withdraw legal tender status of old currency notes (Rs 500 and Rs 1,000). There is not much change even in the current fortnight (ended December 09, 2016).<br /><br />Also, the priorities for banks staff across the country has changed to managing the volume of work to accept deposits, exchange and withdrawal of old notes, and ATM network. This impacted the normal work including retail lending, SME, agriculture, and large credit, a senior public sector bank executive said.<br /><br />Please <a href="http://www.business-standard.com/article/economy-policy/bank-loans-shrink-by-rs-61-000-crore-in-fortnight-after-demonetisation-116120900971_1.html" title="http://www.business-standard.com/article/economy-policy/bank-loans-shrink-by-rs-61-000-crore-in-fortnight-after-demonetisation-116120900971_1.html">click here</a> to read more. </div><div align="justify">&nbsp;</div>                                                           
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-Business Standard

The year-on-year growth in credit was just 6.6%, down from 9.3% a year ago

Mumbai: Showing effect of demonetisation, bank credit in India shrunk by Rs 61, 000 crore (0.8% in fifteen days ended November 25, 2016) on the demand..." />
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                            <div align="justify">-Business Standard<br /><br /><em>The year-on-year growth in credit was just 6.6%, down from 9.3% a year ago<br /></em><br /><em>Mumbai: </em>Showing effect of demonetisation, bank credit in India shrunk by Rs 61, 000 crore (0.8% in fifteen days ended November 25, 2016) on the demand destruction. In contrast, banks are trying to cope with the huge inflow of money as people deposited Rs 4,03,000 crore during the same period.<br /><br />The outstanding credit of banking system in India was Rs 72,92,200 crore at end of November 25, 2016, according to Reserve Bank of India data. The year-on-year growth in credit was just 6.6%, down from 9.3% a year ago.<br /><br />Bank executives said there has been a sharp dip in the demand for credit as the economy began to feel adverse effects of the decision to withdraw legal tender status of old currency notes (Rs 500 and Rs 1,000). There is not much change even in the current fortnight (ended December 09, 2016).<br /><br />Also, the priorities for banks staff across the country has changed to managing the volume of work to accept deposits, exchange and withdrawal of old notes, and ATM network. This impacted the normal work including retail lending, SME, agriculture, and large credit, a senior public sector bank executive said.<br /><br />Please <a href="http://www.business-standard.com/article/economy-policy/bank-loans-shrink-by-rs-61-000-crore-in-fortnight-after-demonetisation-116120900971_1.html" title="http://www.business-standard.com/article/economy-policy/bank-loans-shrink-by-rs-61-000-crore-in-fortnight-after-demonetisation-116120900971_1.html">click here</a> to read more. </div><div align="justify">&nbsp;</div>                                                           
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Bank loans shrink by Rs 61,000 crore in fortnight after demonetisation -Abhijit Lele

Published on Dec 10, 2016   Modified on Dec 10, 2016

-Business Standard The year-on-year growth in credit was just 6.6%, down from 9.3% a year ago Mumbai: Showing effect of demonetisation, bank credit in India shrunk by Rs 61, 000 crore (0.8% in fifteen days ended November 25, 2016) on the demand destruction. In contrast, banks are trying to cope with the huge inflow of money as people deposited Rs 4,03,000 crore during the same period. The outstanding credit of banking system in India was Rs 72,92,200 crore at end of November 25, 2016, according to Reserve Bank of India data. The year-on-year growth in credit was just 6.6%, down from 9.3% a year ago. Bank executives said there has been a sharp dip in the demand for credit as the economy began to feel adverse effects of the decision to withdraw legal tender status of old currency notes (Rs 500 and Rs 1,000). There is not much change even in the current fortnight (ended December 09, 2016). Also, the priorities for banks staff across the country has changed to managing the volume of work to accept deposits, exchange and withdrawal of old notes, and ATM network. This impacted the normal work including retail lending, SME, agriculture, and large credit, a senior public sector bank executive said. Please click here to read more.

Business Standard, 10 December, 2016, http://www.business-standard.com/article/economy-policy/bank-loans-shrink-by-rs-61-000-crore-in-fortnight-after-demonetisation-116120900971_1.html

Tagged with: cash crunch cash deficit Cash shortage Currency demonetisation Demonetisation banking Bank Credit

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