If you look at this, the regulatory intent or the policy intent that the entire banking credit, 40% of average net banking credit should be in the priority sector. As we all know the banking sector, while in recent past the priority sector lending from bank side has improved, but for a variety of reasons the real priority sector credit dissemination has always been done by middle sized NBFCs.
OMC stocks rally up to 4% as govt hikes excise duty, raises LPG prices. What should investors do?
Hindustan Petroleum Corporation Ltd (HPCL) shares surged the most, rising 4% to a day’s high of Rs 367.50 on the BSE, followed by Bharat Petroleum