Rural areas in Rajasthan have a history of lower delinquencies. Commission payouts offered by different lenders for a particular product are not significantly different. HDFC Bank, ICICI Bank, Tata Capital, Yes Bank, Faircent, L&T Finance and AB Capital have adopted an aggressive stance to grow their loan book across product segments. Diversified lenders such as BAF, Poonawalla, LTFH, and non-vehicle segments are expected to show healthy results. Poonawalla Fincorp and Bajaj Finance are top picks from NBFC sector for FY24: Siddhartha Khemka Demand for business loans has skyrocketed with a healthy credit cycle, while demand for mortgages has seen some transfer.The discovery of these reserves may help in reducing the dependency of India on China for Lithium. GSI and mining officials have claimed that the amount of Lithium present in these reserves can satisfy 80 percent of India's total demand. Lithium reserves found in Rajasthan's Nagaur, higher capacity than J&K reserves Lithium is a non-ferrous metal, which is used to make mobile-laptop, electric vehicle and other chargeable batteries.Now, with the discovery of this reserve in Rajasthan, it is believed that China's monopoly will end and like the Gulf countries, the fortunes of Rajasthan will also rise. Till now India is dependent on China for lithium. The discovery of these reserves can reduce the dependency of India on China for Lithium. Lithium reserves traced in Rajasthan's Nagaur, capacity higher than J&K reserves It is claimed that there is so much lithium in this reserve that 80 percent of India's total demand can be met from these reserves.
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