Indian Banking Industry - PSU and Private

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IDFC First Bank Limited

Tailwinds for Banking industries in India -repo rate unchanged at 5.15% -RBI have changed the tenure for reverse repo rate for 4.9% which is now 14 days earlier it was for the overnight period now it will be for 14 days. now banks will face pressure to create more loans. Also, Long term repo is for 1 and 3 years corpus will be 1 lakh crore. which basically means Banks can now borrow from RBI @ 5.15 for 1 and 3 years. it seems IDFC first should have to increase its numbers of “Curre…