Union Budget 2014: Wish long-term infra bonds' leniency existed earlier:Kamath

Written By Unknown on Kamis, 10 Juli 2014 | 16.02

In his maiden Budget, Arun Jaitley allowed banks to give long-term loans to infra without restrictions on CRR/SLR.

One of the important announcements made by Finance Minister Arun Jaitley in his maiden Union Budget was the allowance given to banks to give long-term loans to infra without restrictions on CRR/SLR .

This, KV Kamath, non executive director, ICICI Bank says is a very important takeaway from the Modi government's first Budget.

"This is a very positive aspect of the Budget. I wish we had it 12 years ago when we needed it," says Kamath.

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