NBFCs seek continued liquidity support in upcoming Budget

Zee News To mitigate the impact of COVID-19 on NBFC sector, the government and Reserve Bank of India (RBI) have announced various schemes such as the Partial Credit Guarantee Scheme (PCGS), Targeted Long-Term Repo Operations (TLTRO) and Special Liquidity Scheme (SLS). In its pre-budget memorandum submitted to Finance Minister Nirmala Sitharaman last month, Finance Industry Development Council (FIDC) said bank funding of small and medium NBFCs has been a challenge due to various reasons, especially during the last two years. https://ift.tt/eA8V8J January 21, 2021 at 04:06PM To mitigate the impact of COVID-19 on NBFC sector, the government and Reserve Bank of India (RBI) have announced various schemes such as the Partial Credit Guarantee Scheme (PCGS), Targeted Long-Term Repo Operations (TLTRO) and Special Liquidity Scheme (SLS). In its pre-budget memorandum submitted to Finance Minister Nirmala Sitharaman last month, Finance Industry Development Council (FIDC) said bank funding of small and medium NBFCs has been a challenge due to various reasons, especially during the last two years.

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