In the last few years, Utpal Oza has, among other deals, helped Nomura sell ASK Wealth Management to Blackstone and diagnostics firm Thyrocare to healthcare firm PharmEasy.

In guidelines issued in 2022, the RBI had indicated it was not in favour of such arrangements since they could encourage lenders to take on undue risk.

"The pause on the rate front and no change in the stance of the policy were on the expected lines. Evidently, RBI has not let the guard down on the inflation front," industry lobby grouping Indian Banks Association's chairman and state-owned Punjab National Bank's managing director and chief executive AK Goel said.

In FY23, Indel Money witnessed an unprecedented over 250 percent growth in disbursement compared to that of FY22. The company disbursed loans worth around Rs.3000 crore in FY23 with a monthly disbursement average of Rs. 250 crore in comparison to disbursement of Rs. 1050 crore in FY22. Gold loans take up 92 percent of its loan portfolio.

The Reserve Bank of India (RBI) has given Indian urban cooperative banks more regulatory flexibility by extending the meeting deadline for their priority sector lending targets and providing rewards for those that already meet them. RBI has decided to expand the scope of the framework for resolution of stressed assets so that compromise settlements and technical write-offs can be executed to resolve non-performing assets which was an option only for the commercial banks.

Till now, this avenue for dud asset resolutions was available only with scheduled commercial banks and select non-bank finance companies, Das said, adding that comprehensive guidelines on the same will be released soon.

With the liquidity surplus currently at around ₹2 lakh crore, the overnight call money rate has remained on the lower side, driving down banks' cost of funds.

Most economists in a Bloomberg survey expect expect the monetary policy committee (MPC) of the RBI to retain “withdrawal of accommodation” stance despite a fall in consumer inflation.