Another Stab at Nudging up Credit Growth
Feb 15, 2020
2 minutes
—Anand Adhikari
The Reserve Bank of India (RBI) has deployed yet another credit tool to boost credit growth in auto and housing loans and loans to micro, small and medium enterprises (MSMEs). These are sectors that are known to have a multiplier effect on other sectors, such as steel, cement and construction. The RBI has done this by giving banks exemption, for a
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