The govt said it would allow PSBs to get partial guarantees against the purchase of BBB+ rated securities of NBFCs in addition to existing norms for AA or higher rated assets
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India's cabinet has approved easier lending rules for shadow banks, the government said on Wednesday, to help them get more access to funds.
The government said it would allow state-run banks to get partial guarantees against the purchase of BBB+ rated securities of these shadow banks in addition to existing norms for AA or higher rated assets.
For full report please click on the following link: Govt eases lending rules for weak NBFCs