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The revision of depreciation rate for all vehicles from 15 percent to 30 percent for vehicles purchased up to March 2020 will give a big boost mainly to the commercial vehicle (CV) industry considering the extreme stress on the manufacturers, dealers, buyers and the entire value chain of CVs,” he said.Measures for the banking industry immediate infusion of Rs 70,000 crore in public sector banks, additional liquidity support to housing finance companiesand establishing task force to finalise Rs 1 Lakh crore infra investments will go a long way in reviving investor and consumer sentiments, say experts.”Upfront release of Rs 70,000 crore to PSU banks would create credit expansion wholesale nfl jerseys app to the tune of Rs 5 lakh crore. Credit growth of PSU banks will get cheap jerseys eu a sizeable boost,” Anusha Raheja at LKP Securities told Moneycontrol.”Banks have agreed to transmit the reduction of repo rate into credit markets by reducing their MCLR rates. Credit demand should get some boost and lower interest rates will also be beneficial for NBFCs,” she said.Raheja further added allaying concerns of the auto sector should also be helpful for banks and NBFCs in general.Here is a list of stocks that most experts feel may benefit the most from the stimulus package introduced by the Finance Minister:.

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Canadian banks face challenging times as souring macroeconomic conditions and trade uncertainties increase lending risk and weigh on profit margins, investors and analysts said on Thursday after major lenders wrapped up their quarterly earnings season.TD Bank Group, the country No. 2 lender by market value and the last of Canada top six banks to report quarterly profits on Thursday, slightly missed analysts expectations.The latest earnings season for Canadian banks saw higher loan loss provisions, subdued margin growth and capital markets weakness offsetting retail and wealth management strength, with three of the top six banks missing market expectations for profit growth.The last few years have been an absolutely Goldilocks environment for credit for the bankslast few years have been an absolutely Goldilocks environment for credit for the banks, as low interest rates and unemployment eased consumer burdens while robust profits helped commercial loan books, said Brian Madden, portfolio manager at Goodreid Investment Counsel.not unreasonable to think we will have a recession within the next couple of years so credit provisions could go significantly higher, he said. Net interest margins could be compressed because central banks are cutting rates.been saying for a number of years that credit quality has been exceptionally benign, TD Bank Chief Financial Officer Riaz Ahmed said in an interview.

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