MUMBAI -- The Reserve Bank of India has eased limits on bank lending to the country's troubled nonbank sector. The central bank hopes to increase liquidity and fuel consumer demand as economic growth falls to a six-year low.
Economy
India's central bank eases limits on credit for nonbank lenders
Latest step aims to bolster flagging consumers, but analysts have doubts
The Reserve Bank of India, the country's central bank, has taken steps to increase the flow of funds to the financial sector as it battles a slowing economy. © Reuters
Read Next
Latest on Economy
