Reserve Bank of India’s (RBI) monetary policy seems to have done its part to push growth, at least in select important pockets like loans to retail, micro- small and medium enterprises (MSMEs) and real estate sectors.
Nifty Bank gained over a per cent with IndusInd Bank, State Bank of India and Axis Bank among big gainers (up 1.8 – 4.9 per cent), while non-banking finance companies (NBFCs) like Indiabulls Housing, LIC Housing and PNB Housing surged 5 – 15 per cent. As a push to ensure that retail loans remain growth drivers for banks, RBI has incentivised credit to ...
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First Published: Thu, February 06 2020. 19:26 IST
