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59: What does Budget 2021 hold for banks?
All Things Markets
English - February 04, 2021 03:12 - 18 minutes - 16.7 MB - ★★★★★ - 1 ratingNews Commentary News industry news fmcg construction stocks banking rbi bse aadani financial news financials Homepage Download Apple Podcasts Google Podcasts Overcast Castro Pocket Casts RSS feed
Previous Episode: 58: What will markets watch out for in Budget 2021?
The Indian Budget for FY22 marks a clear change in the government stance from being fiscal conservative to growth focussed. Higher expenditure is geared towards capex while the govt seems committed to reforms like strategic disinvestment including PSU Banks, higher FDI in insurance, and most importantly new asset reconstruction company for bad-loan cleanup. Now the question is will the recovery get a further push by these provisions in the budget? What does the budget hold for banks and the financial sector?
To understand that Mint's Nasrin Sultana is joined by Avneesh Sukhija, Senior Financial analyst, BNP Paribas.