Commenting on the fourth bi-monthly policy of the RBI, The withdrawal of framework related to specified borrowers and allowing M&A financing by Indian banks are growth accretive and will foster incremental credit flow from banks, he added.Extension of timelines for repatriation from foreign currency accounts of Indian exporters in IFSC and forex outlay for Merchanting Trade Transactions, besides simplification of reconciliation processes in EDPMS/IDPMS portals, are welcome steps, as they will further enhan ...

The combination of a tax overhaul and festival demand is pushing credit growth higher. While this could give the economy a short-term lift, lenders are also weighing the risk of overextension.Prime Minister Narendra Modi’s “Diwali gift” has now kicked in. GST has been streamlined to two slabs, 5% and 18%, down from four, with a flat 40% levy on luxury and sin goods, as Finance Minister Nirmala Sitharaman announced on September 3. Most items earlier taxed at 12% or 18% now fall into the 5% band or are exemp ...