RBI To Include NBFCs Under Long-Term Operations
Feb 05 2021, 6:15 PM
February 05 2021, 11:28 AM
February 05 2021, 6:15 PM
The Reserve Bank of India will allow banks to extend credit to non-banking finance companies under the targeted long-term repo operations scheme.RBI Governor Shaktikanta Das announced this and other liquidity and regulatory measures on Friday along with the monetary policy committee s decision to hold key policy rates and maintain an accommodative stance.The TLRO scheme, announced in March last year, was aimed at providing funds to s.
The Reserve Bank of India will allow banks to extend credit to non-banking finance companies under the targeted long-term repo operations scheme.