It has brought in financialisation of savings, says Viral Acharya

On Monday, the Deputy Governor of Reserve Bank of India’s (RBI) Viral Acharya talks about the post demonetization, as according to him there has been a clear and transparent channelising of money towards financial assets.

As in his exact words, "Post demonetisation, there has been a visible channelising of money towards financial assets like insurance and mutual funds."

Viral Acharya at the Delhi Economics Conclave said, "there has been a non-linear shift since November last year."

 

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