•Despite the 25 bps rate cut, the stock markets corrected as they were disappointed in the absence of any dovish outlook given by the RBI or any change of monetary stance to more accommodative. Pressure may continue. •The policy has opened the doors Read more [...]

As part of the policy announcement, the RBI announced a task force to create a secondary market for corporate loans. PSU banks will benefit from the task force. The monetary policy document announced the intent to set up a task force to develop a secondary Read more [...]