Budget 2021: Progressive Growth Push, Stress Asset Resolution Bode Well For Financiers: ICICI Securities
A customer counts Indian rupee banknotes. (Photographer Dhiraj Singh/Bloomberg)

Budget 2021: Progressive Growth Push, Stress Asset Resolution Bode Well For Financiers: ICICI Securities

BQ Blue’s special research section collates quality and in-depth equity and economy research reports from across India’s top brokerages, asset managers and research agencies. These reports offer BloombergQuint’s subscribers an opportunity to expand their understanding of companies, sectors and the economy.

ICICI Securities Report

Expansionary counter-cyclical fiscal policy with focus on reviving growth and progressive steps towards addressing stressed assets bode well for corporate financiers.

Sharp budgeted rise in capital expenditure and prolonged path to fiscal consolidation by 2026 reflect economic revival precedence in the approach. It reaffirms our stance of India being on the cusp of re-leveraging.

With growth push being at the centre-stage, steps towards resolution of stressed assets through asset reconstruction company and asset management company structure, encouraging Securitisation and Reconstruction of Financial Assets and Enforcement of Securities Interest Act invocation for non-banking financial companies in low ticket category, revamped reforms scheme for discoms, public sector banks re-capitisalition and privatisation, reflect government’s thrust to streamline and strengthen the financial ecosystem.

Click on the attachment to read the full report:

ICICI Securities BFSI Buget Update Feb21.pdf


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