HDFC Securities: Banks And NBFC Sector - RBI Comes To The Rescue Again

BQ Blue’s special research section collates quality and in-depth equity and economy research reports from across India’s top brokerages. These reports offer BloombergQuint’s subscribers an opportunity to expand their understanding of companies, sectors and the economy..HDFC Securities Report.The Reserve Bank of India’s Monetary Policy Committee unanimously voted to keep the policy rate unchanged at 4% and maintained its accommodative stance.It further stated that gross domestic product (GDP) growth is likely to be negative in FY21E but did not explicitly state to what extent. The MPC statement did not provide much clarity on inflation either but said that it is watchful.The accompanying ‘Statement on Development and Regulatory Policies’ contained a slew of measures, the most significant of which was ‘Resolution Framework for Covid-19 Related Stress’.This measure was anticipated and is preferred to the extension of the moratorium. The implementation of the framework will optically curtail FY21E gross non-performing assets, and consequently limit provisioning requirements, as accounts under the framework will be effectively restructured and classified as standard (subject to conditions)..Click on the attachment to read the full report:.DISCLAIMERThis report is authored by an external party. BloombergQuint does not vouch for the accuracy of its contents nor is responsible for them in any way. The contents of this section do not constitute investment advice. For that you must always consult an expert based on your individual needs. The views expressed in the report are that of the brokerage and do not represent the views of BloombergQuint..Users have no license to copy, modify, or distribute the content without permission of the Original Owner.

HDFC Securities: Banks And NBFC Sector - RBI Comes To The Rescue Again

HDFC Securities: Banks And NBFC Sector - RBI Comes To The Rescue Again

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