Shares of JSW Infrastructure surged nearly 8.5% after receiving a LoA worth ₹4,119 crore for the development of an all-weather, deep-water, greenfield port at Keni in Karnataka. The proposed port aims to address the rising import and export trade momentum of the region.
Analysts warn that NBFCs will see a higher impact on growth and profitability versus other financial institutions as they have seen sharpest increase in exposure to unsecured retail lending
While credit growth for the overall banking system has remained stable and healthy, certain components of personal loans are, however, recording very high growth, RBI Governor Shaktikanta Das had said in his previous policy statement