RBI move boosts banks’ lending ability by up to $42 billion: sources

MUMBAI/NEW DELHI: The Reserve Bank of India (RBI) estimates that Indian banks will have capacity to lend an extra 2.5 trillion rupees to 3.0 trillion rupees ($35 billion to $42 billion) over the next year after it decided to relax a deadline for lenders to boost capital ratios, two sources aware of discussions on the … Continue reading RBI move boosts banks’ lending ability by up to $42 billion: sources