RBI governor meets NBFC representatives
- Country:
- India
RBI Governor Shaktikanta Das Friday met representatives of NBFCs to discuss liquidity and other issues facing the sector.
A high-level delegation of Assocham met the RBI Governor here to highlight the issues on liquidity being faced by non-banking financial companies (NBFCs) and housing finance companies (HFCs), the industry chamber said in a statement.
The industry chamber demanded permitting systematically important NBFCs to accept public deposits.
It also made a case for reducing minimum holding period to three months for loans having maturity of 2-5 years and changing MUDRA norms for refinancing NBFCs, among other demands.
The NBFC sector has been under a cloud since infrastructure-focused lender IL&FS started defaulting on loans in late August.
The lender owes over Rs 55,000 crore to banks out of its over Rs 91,000 crore of group level debt.
(This story has not been edited by Devdiscourse staff and is auto-generated from a syndicated feed.)
ALSO READ
NASA selects companies to develop lunar terrain vehicle for Artemis Moon missions
US Domestic News Roundup: Trump loses bid to delay hush money trial until US Supreme Court review; Biden, Senator Bernie Sanders push companies to cut cost of asthma inhalers, prescription drugs and more
100 more companies of central forces to arrive in Bengal next week: Official
RBI cancels registration of four non-banking financial companies
EC directs Home Ministry to deploy 100 more central force companies in Bengal for Lok Sabha polls
Google News