This was estimated by Crisil Equities, a research arm of Crisil Ltd. To calculate interest cost savings Crisil Equities has used the observed three-year average subscription level of 8 times in the retail category and 28 times in the HNI category from. Based on this, the reduction in timeline by 10 days is expected to translate into interest savings of Rs 800 crore. at an opportunity cost of 10 per cent.
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