Budget 2020

NBFCs approach RBI for inclusion as beneficiaries to on-tap TLTRO

Mumbai: Non-banking financial companies (NBFCs) have written to the Reserve Bank of India (RBI) to include them as beneficiaries for availing funds under on tap targeted long-term repo operations (TLTRO) scheme. To ensure comfortable liquidity conditions in the system, the RBI on October 9 announced to conduct on tap TLTRO worth Rs 1 lakh crore. […]

Budget 2020

RBI must infuse funds directly into NBFCs: Mundra

KOLKATA: The Reserve Bank of India should not hesitate to offer greater regulatory forbearance if the financial system needs it, former deputy governor SS Mundra said. While RBI allowed a one-time debt restructuring for micro, small and medium enterprises, a need to do more in terms of providing relief in maintaining capital norms is being […]