Primus In News
Banks must push RBI’s 15K cr liquidity for “contact intensive sectors”: Experts
05-06-2021
He thinks the scheme has “immense benefits” to offer for the restaurant sector if executed well by banks. Shravan Shetty, MD, Primus Partners concurred. The services sector, he stressed, has been hit harder than manufacturing, and troubled sectors like hospitality, aviation and tourism required additional financing support. But for the scheme to play out effectively, he said, the banks must come to the fore. “The window is expected to help the services sector tide over the impact of the second wave, but the transmission mechanism remains with the banks. That challenge remains,” he said.
Explore Related Insights
- India’s Seaweed Sector Could Surge to ₹3,277 Crore Within the Next 10 Years: Report
- India's considering aircraft boneyards for retired jets-and for cheaper parking
- JioHotstar taps influencers to turn Wimbledon into a lifestyle experience for India’s young consumers
- Speed bumps in Jaguar Land Rovers road to recovery
