The bulletin cited the pandemic-imposed retrenchment of Q1FY21 turned out to be much shallower in Q2 and the economy is reflating at a pace that beats most predictions.
The monthly bulletin of the central bank for December said the more evidence has emerged since the last bulletin which shows that the Indian economy is coming out of the Covid-induced slowdown.
Citing reports on individuals and small businesses falling prey to the growing number of unauthorized digital lending platforms and mobile apps on promises of getting loans in a quick and hassle-free manner
This is because the move will help them in strengthening their balance sheet by improving their leverage ratios and creating a buffer or reserve and surplus for fresh lending.
UltraTech Cement was the top gainer in the Sensex pack, rising around 4 per cent, followed by L&T, M&M, Maruti, ONGC, Bharti Airtel, PowerGrid and ITC.