Demonetisation Will Help The Economy In Long Run: Aditya Puri

Mumbai: HDFC Bank managing director Aditya Puri on Wednesday termed the demonetisation as a "necessity" which will benefit the economy in the long run by way of rate cuts, stopping counterfeiting and broadening the tax base. "We, at HDFC Bank, feel this is a laudable objective which will provide benefits to the economy and people in the long run," he said in a note to bank account holders. He said the demonetisation exercise announ...