Tag Archives: NBFCs

[ad_1] MUMBAI : Finance minister Nirmala Sitharaman announced measures worth ₹75,000 crore for liquidity-starved non-banks, mortgage lenders and micro financiers as part of the government’s economic rescue package. The government allocated ₹30,000 crore to buy investment-grade debt of non-banking financial companies (NBFCs), home finance companies (HFCs) and microfinance institutions (MFIs). …

[ad_1] MUMBAI : The move by the Reserve Bank of India (RBI) to reduce the reverse repo rate by 115 basis points (bp) since March 27, pushing banks to lend to “productive sectors” does not seem to have worked. Non-bank financial companies (NBFC) will continue to face a funding crisis …