Mumbai, Oct 1 (PTI) A slew of measures announced by the Reserve Bank on Wednesday will help expand credit flow and strengthen banks’ balance sheets, bankers said.

Commenting on the fourth bi-monthly policy of the RBI, State Bank of India Chairman CS Setty said, “The policy statement was an authoritative one towards unveiling of market reforms and moving beyond the rate actions. The move towards a risk-based deposit insurance premium will facilitate significant improvement in the bottom line of sound banks".

The withdrawal of framework related to specified borrowers and allowing M&A financing by Indian banks are growth accretive and will foster incremental credit flow from banks, he added.

Extension of timelines for repatriation from foreign currency accounts of Indian exporters in IFSC

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