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
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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')) {

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        LATEST NEWS UPDATES | Note ban has and may continue to result in a slowdown, warns SBI    </title>
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-PTI

Also says that note ban's impact could adversely affect its business

The country's largest lender, the State Bank of India (SBI), has expressed apprehensions that demonetisation may continue to result in slowing down of the economy and adversely affect its business.

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-PTI

Also says that note ban's impact could adversely affect its business

The country's largest lender, the State Bank of India (SBI), has expressed apprehensions that demonetisation may continue to result in slowing down of the economy and adversely affect its business.

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                            <div align="justify">-PTI<em><br /><br />Also says that note ban's impact could adversely affect its business</em><br /><br />The country's largest lender, the State Bank of India (SBI), has expressed apprehensions that demonetisation may continue to result in slowing down of the economy and adversely affect its business.<br /><br />The government had discontinued Rs 500 and Rs 1,000 banknotes from November 9, 2016, and issued new Rs 500 and Rs 2,000 currency notes in exchange for the discontinued ones.<br /><br />The long-term impact of this move on the Indian economy and the banking sector is uncertain, SBI told institutional investors prior to its Rs 15,000-crore share sale through private placement.<br /><br />The effects of India's recent demonetisation decision are uncertain, which may adversely affect the bank's business, results of operations and financial condition, the bank said in the Preliminary Placement Document to investors while flagging the 'risk factors'.<br /><br />&quot;The demonetisation has and may continue to result in a slowing down of the Indian economy, which may adversely affect the Bank's business,&quot; it said.<br /><br />The document, SBI had said, contains forward-looking statements that involve risks and uncertainties. Further, the financial performance may differ from &quot;such forward-looking&quot; statements as a result of certain factors.<br /><br />Post-demonetisation, there has been a surge in the current and saving accounts (CASA) deposits of banks.<br /><br />According to a Reserve Bank of India report, the sharp increase in the share of CASA deposits in aggregate deposits by 4.10 per cent to 39.30 per cent (as of February 17, 2017) resulted in a reduction in the cost of aggregate deposits, and banks have correspondingly lowered their term deposit rates.<br /><br />As a result, the bank may face increased competition from commercial banks and other lending institutions, it said while highlighting the risks associated with demonetisation.<br /><br />SBI said increased competition may have an adverse effect on the net interest margin and other income and, if the bank is unable to compete successfully, its profitability may decline.<br /><br />Please <a href="http://www.business-standard.com/article/economy-policy/note-ban-has-and-may-continue-to-result-in-a-slowdown-warns-sbi-117061100156_1.html" title="http://www.business-standard.com/article/economy-policy/note-ban-has-and-may-continue-to-result-in-a-slowdown-warns-sbi-117061100156_1.html">click here</a> to read more. <br /></div>                                                           
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                            <div align="justify">-PTI<em><br /><br />Also says that note ban's impact could adversely affect its business</em><br /><br />The country's largest lender, the State Bank of India (SBI), has expressed apprehensions that demonetisation may continue to result in slowing down of the economy and adversely affect its business.<br /><br />The government had discontinued Rs 500 and Rs 1,000 banknotes from November 9, 2016, and issued new Rs 500 and Rs 2,000 currency notes in exchange for the discontinued ones.<br /><br />The long-term impact of this move on the Indian economy and the banking sector is uncertain, SBI told institutional investors prior to its Rs 15,000-crore share sale through private placement.<br /><br />The effects of India's recent demonetisation decision are uncertain, which may adversely affect the bank's business, results of operations and financial condition, the bank said in the Preliminary Placement Document to investors while flagging the 'risk factors'.<br /><br />&quot;The demonetisation has and may continue to result in a slowing down of the Indian economy, which may adversely affect the Bank's business,&quot; it said.<br /><br />The document, SBI had said, contains forward-looking statements that involve risks and uncertainties. Further, the financial performance may differ from &quot;such forward-looking&quot; statements as a result of certain factors.<br /><br />Post-demonetisation, there has been a surge in the current and saving accounts (CASA) deposits of banks.<br /><br />According to a Reserve Bank of India report, the sharp increase in the share of CASA deposits in aggregate deposits by 4.10 per cent to 39.30 per cent (as of February 17, 2017) resulted in a reduction in the cost of aggregate deposits, and banks have correspondingly lowered their term deposit rates.<br /><br />As a result, the bank may face increased competition from commercial banks and other lending institutions, it said while highlighting the risks associated with demonetisation.<br /><br />SBI said increased competition may have an adverse effect on the net interest margin and other income and, if the bank is unable to compete successfully, its profitability may decline.<br /><br />Please <a href="http://www.business-standard.com/article/economy-policy/note-ban-has-and-may-continue-to-result-in-a-slowdown-warns-sbi-117061100156_1.html" title="http://www.business-standard.com/article/economy-policy/note-ban-has-and-may-continue-to-result-in-a-slowdown-warns-sbi-117061100156_1.html">click here</a> to read more. <br /></div>                                                           
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                            <div align="justify">-PTI<em><br /><br />Also says that note ban's impact could adversely affect its business</em><br /><br />The country's largest lender, the State Bank of India (SBI), has expressed apprehensions that demonetisation may continue to result in slowing down of the economy and adversely affect its business.<br /><br />The government had discontinued Rs 500 and Rs 1,000 banknotes from November 9, 2016, and issued new Rs 500 and Rs 2,000 currency notes in exchange for the discontinued ones.<br /><br />The long-term impact of this move on the Indian economy and the banking sector is uncertain, SBI told institutional investors prior to its Rs 15,000-crore share sale through private placement.<br /><br />The effects of India's recent demonetisation decision are uncertain, which may adversely affect the bank's business, results of operations and financial condition, the bank said in the Preliminary Placement Document to investors while flagging the 'risk factors'.<br /><br />&quot;The demonetisation has and may continue to result in a slowing down of the Indian economy, which may adversely affect the Bank's business,&quot; it said.<br /><br />The document, SBI had said, contains forward-looking statements that involve risks and uncertainties. Further, the financial performance may differ from &quot;such forward-looking&quot; statements as a result of certain factors.<br /><br />Post-demonetisation, there has been a surge in the current and saving accounts (CASA) deposits of banks.<br /><br />According to a Reserve Bank of India report, the sharp increase in the share of CASA deposits in aggregate deposits by 4.10 per cent to 39.30 per cent (as of February 17, 2017) resulted in a reduction in the cost of aggregate deposits, and banks have correspondingly lowered their term deposit rates.<br /><br />As a result, the bank may face increased competition from commercial banks and other lending institutions, it said while highlighting the risks associated with demonetisation.<br /><br />SBI said increased competition may have an adverse effect on the net interest margin and other income and, if the bank is unable to compete successfully, its profitability may decline.<br /><br />Please <a href="http://www.business-standard.com/article/economy-policy/note-ban-has-and-may-continue-to-result-in-a-slowdown-warns-sbi-117061100156_1.html" title="http://www.business-standard.com/article/economy-policy/note-ban-has-and-may-continue-to-result-in-a-slowdown-warns-sbi-117061100156_1.html">click here</a> to read more. <br /></div>                                                           
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Home हिन्दी

Note ban has and may continue to result in a slowdown, warns SBI

Published on Jun 12, 2017   Modified on Jun 12, 2017

-PTI Also says that note ban's impact could adversely affect its business The country's largest lender, the State Bank of India (SBI), has expressed apprehensions that demonetisation may continue to result in slowing down of the economy and adversely affect its business. The government had discontinued Rs 500 and Rs 1,000 banknotes from November 9, 2016, and issued new Rs 500 and Rs 2,000 currency notes in exchange for the discontinued ones. The long-term impact of this move on the Indian economy and the banking sector is uncertain, SBI told institutional investors prior to its Rs 15,000-crore share sale through private placement. The effects of India's recent demonetisation decision are uncertain, which may adversely affect the bank's business, results of operations and financial condition, the bank said in the Preliminary Placement Document to investors while flagging the 'risk factors'. "The demonetisation has and may continue to result in a slowing down of the Indian economy, which may adversely affect the Bank's business," it said. The document, SBI had said, contains forward-looking statements that involve risks and uncertainties. Further, the financial performance may differ from "such forward-looking" statements as a result of certain factors. Post-demonetisation, there has been a surge in the current and saving accounts (CASA) deposits of banks. According to a Reserve Bank of India report, the sharp increase in the share of CASA deposits in aggregate deposits by 4.10 per cent to 39.30 per cent (as of February 17, 2017) resulted in a reduction in the cost of aggregate deposits, and banks have correspondingly lowered their term deposit rates. As a result, the bank may face increased competition from commercial banks and other lending institutions, it said while highlighting the risks associated with demonetisation. SBI said increased competition may have an adverse effect on the net interest margin and other income and, if the bank is unable to compete successfully, its profitability may decline. Please click here to read more.

Business Standard, 12 June, 2017, http://www.business-standard.com/article/economy-policy/note-ban-has-and-may-continue-to-result-in-a-slowdown-warns-sbi-117061100156_1.html

Tagged with: Demonetisation Economic Growth

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