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.
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