Guidelines Soon for State-Owned Banks to Take Over Pooled Assets of NBFCs

To address the stress in the sector, Finance Minister Nirmala Sitharaman in the Budget proposed that public sector banks would purchase high-rated pooled assets of financially sound NBFCs, amounting to a total of Rs 1 lakh crore during FY 2019-20.

from Top Business News- News18.com https://ift.tt/2JBjPvP

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