Today's Sector News - 26.02.2020: 09.00 Am
* BANKING: CRISIL Ratings on Tuesday said the credit growth of banks is likely to rise 200-300 basis points on a yearly basis in 2020-21 (Apr-Mar), primarily led by a gradual pick up in economic activity, continued demand for retail loans and aggressive lending strategies of private banks.
- National Bank for Agriculture and Rural Development has earmarked 5.48 trln rupees for
Maharashtra, based on the aggregate credit potential for priority sectors in 2020-21 (Apr-Mar), as per the State Focus Paper for 2020-21 released by the bank.
* INFRASTRUCTURE: Cube Highways and Infrastructure is in initial talks with investors including
CDPQ, Abu Dhabi Investment Authority and Ontario Teachers' Pension Plan Board to sell part of its
operational road assets through an infrastructure trust.
* REGULATORY: The Securities and Exchange Board of India on Tuesday proposed that for the purpose of securing a bond issue, non-bank finance companies should create a specific charge--receivables, investment and cash--on their identified assets.
* TRADE: India will soon close the first set of the limited trade deals with the US, Commerce Minister Piyush Goyal said.
- US President Donald Trump on Tuesday said India has the highest import tariffs globally and this
was one of the pain points being discussed as part of the India-US trade deal.
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