RBI comes out with
revised priority sector lending(PSL) norms.
RBI came out with a revised priority sector lending(PSL) norms where in renewable energy, social infra and medium enterprises will now be a part of PSL. The changes would come into effect with immediate effect, the central bank said. Further, the Reserve Bank outlined targets of 8% & 7.5% (of a bank’s total loan book) for small and marginal farmers and micro enterprises, respectively, which shall be achieved in a phased manner by March 2017. The RBI also maintained the PSL target for the weaker section at 10%.The central bank also did away with the distinction between direct and indirect agriculture for the purpose of PSL. As a result, loans to units such as food and agro processing would qualify under agriculture. We believe this to be positive for stocks operating under renewable energy and social infra space as they will have access to cheaper credit.
Implications Short to medium term
Companies Inox Wind, Tata power (+ve)
WHAT EVER YOU EARN FROM MY CALLS PLEASE GIVE 10% PROFIT'S FOOD TO COWS AND DOGS HELP THM GOD WILL HELP YOU-!!!
RBI came out with a revised priority sector lending(PSL) norms where in renewable energy, social infra and medium enterprises will now be a part of PSL. The changes would come into effect with immediate effect, the central bank said. Further, the Reserve Bank outlined targets of 8% & 7.5% (of a bank’s total loan book) for small and marginal farmers and micro enterprises, respectively, which shall be achieved in a phased manner by March 2017. The RBI also maintained the PSL target for the weaker section at 10%.The central bank also did away with the distinction between direct and indirect agriculture for the purpose of PSL. As a result, loans to units such as food and agro processing would qualify under agriculture. We believe this to be positive for stocks operating under renewable energy and social infra space as they will have access to cheaper credit.
Implications Short to medium term
Companies Inox Wind, Tata power (+ve)
Long Term Investment Ideas
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Sector
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Recommendation
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Auto
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Maruti,
M&M, Bajaj Auto
|
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Banking
& Financials
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HDFC
Bank, HDFC Ltd
|
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FMCG
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ITC,
Tata Global, Pidilite, Godrej Con, Emami, Dabur
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Mining
& Energy
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NMDC,
Cairn India, Coal India, Hindustan Zinc, NTPC
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Pharma
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Sun Pharma
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IT
& Telecom
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MindTree,
KPIT Tech, Infosys, Tech Mahindra & Bharti Airtel
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Mid
Cap
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PVR,
Zee Entertainment, GPPL, Titan
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WHAT EVER YOU EARN FROM MY CALLS PLEASE GIVE 10% PROFIT'S FOOD TO COWS AND DOGS HELP THM GOD WILL HELP YOU-!!!
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