Govt eases lending rules for weak NBFCs

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

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

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