The government’s move to scrap old notes of Rs 500 and Rs 1,000 denominations would be good for the economy in the long run, says Aditya Puri, managing director of HDFC Bank. According to him, the worst is behind us, in terms of long queues and inconvenience, and that the focus should now shift to the advantages arising out of it.

Edited excerpts from an interview with Niraj Bhatt and Nupur Anand. What are your views on demonetisation? India has the highest use of cash in the world, according to a MasterCard report. All countries have some cash economy but such a high usage ...