“The benefits for affordable housing in terms of exemptions is a welcome move and is likely to give this segment a boost. The recapitalisation of Public Sector Banks will give a shot in the arm to lending activities and boost expansion in business activities and consumer spending,” said V Swaminathan, CEO Andromeda & Apnapaisa.
“Setting up of an ARC cum AMC for bad loans along with the decision to privatize a couple of public sector banks were much awaited. These measures will mean higher funding from banks. NBFC sector, which is facing a cash crunch, certainly stands to benefit from it” said Deepak Aggarwal, Co-Founder, Moneyboxx Finance Ltd.