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
- Homing in: The startuppers who want to transform their own backyards
- Union Budget 2022: Finance minister announces Digital University, e-content in regional languages
- Indian automobile industry grows 19 pc to Rs 10.22 lakh cr in FY24: Report
- Primus Partners onboards Sanjay Malhotra as Senior Advisor
