Countdown

In association with
  • SENSEX
    NIFTY 50
Economy

RBI eases risk weight norms to facilitate credit flow to well-rated NBFCs

Updated : February 07, 2019 02:15 PM IST

The top bank has also decided to harmonise three major categories — asset finance companies (AFC), loan companies, and investment companies — of NBFCs engaged in credit intermediation into a single category, to be known as NBFC investment and credit company (NBFCICC).
The decision taken by the RBI will be positive for highly rated loan companies like Muthoot Finance, Muthoot Capital, Manappuram, Shriram City Union, Bajaj Finance, etc. 
RBI cut the repo rate as well as reverse repo rate by 25 basis points for the current fiscal. The repo rate now stands at 6.25 percent  while the reverse repo rate stands at 6 percent.
RBI eases risk weight norms to facilitate credit flow to well-rated NBFCs
primo org
Have you signed up for Primo, our daily newsletter?
It has all the stories and data on the market, business, economy and tech that you need to know.
cnbc two logos
To keep watching CNBC-TV18, India's No. 1 English Business News Channel, call your Cable or DTH Operator and subscribe now for just Rs. 4 per month. You can also subscribe to CNBC-TV18 Prime HD for Re 1/- per month.Find out more

You May Also Like

Live TV