Sunday, April 19, 2020

SMEs to gain maximum from Rs 1 lakh-cr liquidity boost to NBFCs, HFCs

On Friday in the second Covid booster dose, the RBI announced a new TLTRO, under which it will pump in Rs 50,000 crore into the system and made it mandatory for banks to invest 50 percent of the money in lower-rated debt being issued by small and medium NBFCs, HFCs and MFIs. RBI has also opened another Rs 50,000 crore in refinance window for Nabard, Sidbi and NHB.

from SME Sector-Small Biz-Economic Times https://ift.tt/3eC6a4Q
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