RBI's special liquidity scheme for NBFCs & HFCs | Capri Global Capital's Rajesh Sharma To ET Now
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The Reserve Bank of India (RBI) announced that the government has approved a special liquidity scheme for non-banking finance companies (NBFCs) and housing finance companies (HFCs) to improve their liquidity position in order to avoid any potential systemic risks to the financial sector. These companies should have made a net profit in at least one of the last two preceding financial years - 2017-18 and 2018-19. The government will provide a 100% guarantee for securities to RBI. SPV to buy investment-grade CPs/NCDs with residual maturity of three months. SPV will issue securities worth ₹30000 Cr which will be subscribed by the RBI. Watch for more details! Subscribe To ET Now For Latest Updates On Stocks, Business, Trading | ► https://goo.gl/SEjvK3 Subscribe Now To Our Network Channels :- Times Now : http://goo.gl/U9ibPb The NewsHour Debate : http://goo.gl/LfNgFF To Stay Updated Download the Times Now App :- Android Google Play : https://goo.gl/zJhWjC Apple App Store : https://goo.gl/d7QBQZ Social Media Links :- Twitter - http://goo.gl/hA0vDt Facebook - http://goo.gl/5Lr4mC G+ - http://goo.gl/hYxrmj Website - www.etnownews.com
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