India pushes lending, asks banks for daily reports

The finance ministry, in a letter dated April 17, asked banks to furnish detailed data on new loans, including particulars on what sectors were getting them.The push comes after a recent 75 basis point rate cut by the RBI, and at a time when the banking system is flush with liquidity pumped in by the RBI to spur new lending and revive flagging growth.

from Banking/Finance-Industry-Economic Times https://ift.tt/2Y5JfZM