SBI ups target for loan portfolio purchase from NBFCs
Updated : October 09, 2018 10:25 PM IST
The decision of SBI, Economic Affairs Secretary Subhash Chandra Garg said in a tweet, should alleviate liquidity concerns of non-banking financing companies (NBFCs) to a great extent.
NBFCs along with mutual funds have been facing a liquidity crunch following a series of loan repayment default since late September by IL&FS and its group companies.
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