Govt Approves Scheme for Providing Liquidity to Non-bank Lenders, Says RBI

Under the special liquidity scheme, the SPV will purchase the short-term papers from eligible non-banking financial companies (NBFCs)/housing finance companies (HFCs), which will utilise the proceeds under this scheme solely for the purpose of extinguishing existing liabilities.

from Top Business News- News18.com https://ift.tt/2NKp7pR

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