InvestorQ : Do you see all the banks and NBFCs benefiting from the financial package announced by the FM on 13 May?
Neelam Naik made post

Do you see all the banks and NBFCs benefiting from the financial package announced by the FM on 13 May?

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Priyanka N answered.
1 year ago
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Most of the new measures announced by Nirmala Sitharaman on 13 may are designed to encourage banks to lend. However, the benefits are likely to be more focused this time around. One big beneficiary will be the state owned PSU banks as they have higher NPAs and can now tide over the situation by providing adequate liquidity to borrowers. More than the tier-1 private banks it is the mid-tier names that will benefit from the package. Select NBFCs like Shriram CUF and Chola Investments could benefit from the package. SME package will benefit banks with stronger balance sheets like Kotak, HDFC and ICICI.

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