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NBFCs move RBI; seek another loan restructuring, liquidity cushion


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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