New Delhi, Feb. 6 -- Upcoming monetary policy announcement by the Reserve Bank of India (RBI) is expected to provide clarity on crucial aspects that will shape the financial services sector, according to a report by HSBC.

The report stated that a more accommodative stance from the RBI would be particularly beneficial for Non-Banking Financial Companies (NBFCs) and banks, influencing their growth and profitability.

It said "RBI will be more accommodative going forward which would be positive for all NBFCs, especially the larger, better-diversified and highly rated NBFCs.

One of the most significant expectations from the policy is continued liquidity support. The RBI's recent liquidity infusion through Open Market Operations (OMO) was a ...