The Reserve Bank of India (RBI) has announced a series of measures aimed at strengthening banks’ balance sheets and boosting credit flow. Bankers welcomed the announcements, saying they would support growth and improve the financial ecosystem.

Indian Overseas Bank MD & CEO Ajay Kumar Srivastava said the focus on expanding the bouquet of services for basic bank savings deposit accounts through mobile and internet services will have a positive impact on consumers.

After the RBI announcement on Wednesday, no-frills account holders can now use the digital banking facility free of cost.

ESAF Small Finance Bank MD and CEO K Paul Thomas said with inflation remaining at a historic low, the space to support growth remains wide, even as inflation trends stay a key monitorable. “The overall messag

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