The six-member Monetary Policy Committee was divided in its view of fiscal slippage and its impact on inflation trajectory.
he Kolkata-based firm finances or leases out equipment used for solar and wind power projects.
The Reserve Bank of India has also been approached for amortising their liabilities over a time period.
The new lending rate will be applicable to new loans from June 18, 2019, the bank said Monday.
L&T Finance’s rural loan book size is about Rs 25,600 crore with nearly half of it (Rs 12,500 crore) coming from micro loan vertical.
They opined the high non-performing loans in the system do not require additional capital to be kept aside by the Reserve Bank.
Move likely to bring in more synergies among businesses at larger centres.
The decision was taken “to give thrust to business development”, the bank said in a note, which ET has reviewed.
Rajnish Kumar said lowering of Basel III leverage ratio would augment the lendable resources.
In addition, the innovations and changes have lowered costs and have increased social welfare.
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