The news will be bullish for banknifty years n short term and could form the trigger to take it to the target of 40000.it would also lift nifty 50 for a target of 18500.
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IDX:NIFTY BANK 
Reputation: 6,313 • Sep 26, 2021 2:22 PM
grahamite in NIFTY-BANK#NIFTYBANK #NIFTY50 As discussed before the b...
RBI allows lenders to sell fraud loans to asset reconstruction companies
According to data from RBI’s annual report, banks have reported frauds of ₹3.95 trillion between FY19 and FY21. On Friday, RBI said, subject to conditions, banks can sell stressed loans in default for more than 60 days or classified as bad loan, including those tagged as fraudulent.
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IDX:NIFTY BANK price when posted: 37,781.9
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