The umbrella body also demanded an extension of different liquidity windows, a key lifeline to small or mid-size non-banking finance companies. Localised curbs on mobility weighted on the economy that was lately trying to clamber out of the sinkhole.
The Finance Industry Development Council (FIDC) has written to the Reserve Bank of India (RBI) seeking permission to restructure loans given by NBFCs in the wake of the deep Covid crisis.The NBFC body in its letter to the RBI Governor said that .
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NBFCs move RBI; seek loan recast, liquidity cushion as COVID-19 wreaks havoc
FIDC (Finance Industry Development Council), a representative body cum self-regulatory organisation for NBFCs, has written to the central bank seeking fresh relief measures
BusinessToday.In | April 27, 2021 | Updated 17:34 IST
Seeking liquidity cushion for the shadow banking sector for on-lending to MSMEs, the industry body has sought an increase in RBI s outlay for AIFIs (All India Financial Institutions) from Rs 50,000 crore to Rs 75,000 crore
Non-banking financial companies (NBFCs) have moved the RBI (Reserve Bank of India), seeking loan restructuring for a second time. The NBFCs have also solicited fresh liquidity support for on-lending to smaller companies.
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