YESBANK Some smart & significant moves by RBI Today which can re rate banks & NBFCs
1. Removed limit on lending against listed debt securities. Will deepen corporate bond markets, INvits…
(banks cud only do 20% of NW earlier)
2. Banks can now finance large acquisitions.. BIG
3. Removed 10000 cr limit for corp loan .. for loan of 10000 cr plus, extra provision of 3% and higher risk weight was there earlier.
4. Increase in bank limit against shares to 1 cr..
5. Lower risk weights for MSME n infra lending.
Bank credit growth will get a boost .. retail loans due to GST cuts and corp loans due to higher limits & less rush weights & provisioning..
#FundamentalViews#TechnicalViews

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