BIS central bankers’ speeches  11  4.5  Affordable housing  Another area where NBFCs are participating in the inclusive growth agenda is affordable housing. Large NBFCs are setting up units to extend small-ticket loans to home buyers targeting low-income customers across the country. Firms are offering loans of Rs.
We know from our own analysis that 74% of all point-of-sale transactions are made using banknotes and coins.2 But this number is declining – albeit gradually and from a high level by international standards. In some countries, cash usage is already significantly lower than in Germany. In principle, the declining use of cash could be driven by weakening demand.