 "reserve bank of india, rbi")
Financial sector stocks gained ground at the bourses on Wednesday after Reserve Bank of India (RBI) Governor Shaktikanta Das made an unscheduled announcement in which debt restructuring was allowed for individual and small borrowers who had not availed a similar scheme announced last year when the Covid-19 pandemic first broke out
Besides, the RBI also announced a few steps to encourage small finance banks (SFBs) to increase the credit flow to small borrowers. It announced a special long-term repo operation window for SFBs, whereby the banks can borrow funds up to Rs 10,000 crore at repo rate for deploying for fresh
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