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    RBI rejects liquidity window for NBFCs, says report

    RBI rejects liquidity window for NBFCs, says report

    RBI rejects liquidity window for NBFCs, says report
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    By CNBC-TV18  IST (Published)

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    The Reserve Bank of India (RBI) has rejected a proposal for a special refinancing window for non-banking financial companies (NBFC) as it feels there is no systemic risk as of now, Business Standard reported.

    The Reserve Bank of India (RBI) has rejected a proposal for a special refinancing window for non-banking financial companies (NBFC) as it feels there is no systemic risk as of now, Business Standard reported.
    “There is not a strong enough case for a special financing window right now. The regulator does not want to make an across-the-board intervention. Only about 200 of the over 11,000 NBFCs in the country are deposit-taking, so there is no systemic issue,” a person aware of the development told Business Standard.
    The RBI board meeting, which included Economic Affairs secretary Subhash Chandra Garg and Financial Services secretary Rajeev Kumar, discussed the liquidity scenario of NBFCs along with the government’s request to ease the prompt corrective action framework in order to ease capital funding to public sector banks (PSBs) to expand their businesses.
     
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