MUMBAI (GPN): Sh CH. S. S. Mallikarjuna Rao, MD & CEO Of Punjab National Bank Quoted:

“RBI has done a wonderful job of coming out with various measures while maintaining the rates with an accommodative and pro-growth stance. For example, the on-tap TLTRO will go a long way to improve lending as we are looking at a strong economic recovery in the coming days. Similarly, the move to purchase of state development bonds, for the first time ever through open market operations, risk rationalization on home loans – which will boost the real estate sector – and the revision in regulatory limits for the retail portfolio to expand credit flow to small businesses are timely and growth-oriented.” ENDS