Jul 11, 03:31 AM

RBI Directive Impacts Banks and Non-Bank Financing Companies' Profitability in June Quarter; Sector Shows Decade-High Performance with Rise in Cost of Funds

The Reserve Bank of India (RBI) has issued a directive impacting banks and non-bank financing companies, leading to a probable decrease in profitability for the June quarter. This move aims to lower loan costs for consumers but may result in significant losses for banks. Additionally, non-banking financial companies are expected to experience a rise in their cost of funds for the first quarter. The banking sector is currently performing at a decade-high level, according to the RBI.

#Reserve Bank of India #RBI

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